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Gran Tierra Energy Inc

Report on Payments to Govts

Source: RNS
RNS Number : 2614O
Gran Tierra Energy Inc.
24 June 2025
 

 

Gran Tierra Energy Inc.

 

Report on payments to governments for the year 2024

Introduction

 

Gran Tierra Energy Inc. ("Gran Tierra") has prepared the following report that sets out details of the payments made to governments for the year ended 31 December 2024 in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928) and The Disclosure and Transparency Rule ("DTR 4.3A") issued by the Financial Conduct Authority.

 

This report is available for download from https://www.grantierra.com/sustainability/reporting/

Basis of preparation

 

The payments disclosed, which are on a cash basis in U.S Dollars, are based on where the obligation for the payment arose (i.e. at a project or corporate level). Where a payment or a series of related payments do not exceed £86,000, they are not required to be disclosed under the UK Regulations, however this has been disclosed in aggregate at a corporate level for clarity over obligations.

 

All of the payments disclosed in accordance with the Directive have been made to National Governments of Alberta, Colombia and Ecuador, either directly or through a Ministry or Department of the National Government and to Local Community Councils or municipalities in Canada, Colombia and Ecuador.

 

Taxes

 

This represents cash tax calculated on the basis of profits including income or capital gains. Income taxes are usually reflected in corporate income tax returns. The cash payment of income taxes occurs in the year in which the tax has arisen or up to one year later. Income taxes also include any cash tax rebates received from the Government or revenue authority during the year and excludes fines and penalties.

 

Royalties

 

This represents cash and in-kind royalties paid to Governments during the year for the extraction of oil or gas The terms of the royalties are described within Gran Tierra's 2024 Annual Report filed on form 10-K.

 

Fees

 

This represents supervision, licensing, permits, project assessment fees and other levies or consideration related to Gran Tierra's exploration and production contracts or to the overall management of our business.

Bonuses

 

This represents social investment program payments to the local communities or municipalities in Colombia.

 

 

Disclosure by Payee

 

Country

Payee Name

Departments, Agency, etc… within Payee that Received Payments

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes

Colombia

NATIONAL GOVERNMENT OF COLOMBIA

NATIONAL HYDROCARBON AGENCY OF COLOMBIA

-    

126,195,162

 -

 -

 -

 -

 -

126,195,162

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

NATIONAL GOVERNMENT OF COLOMBIA

 DIRECTORATE OF NATIONAL TAXES AND CUSTOMS OF COLOMBIA

        48,767,308

 -

 -

 -

 -

 -

 -

        48,767,308

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

NATIONAL GOVERNMENT OF COLOMBIA


                       -

 -

865,715

 -

 -

 -

 -

865,715

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF PUERTO ASÍS


588,503

 -

 -

 -

104,907

 -

 -

693,410

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF MOCOA


366,840

                  -

 -

 -

392,125

 -

 -

                758,965

 

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF SAN MARTIN


371,461

 -

                    -

 -

                366,944

 -

 -

                738,405

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF VILLAGARZON


343,946

 -

                       -

 -

28,116

 -

 -

                372,062

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF RIO DE ORO


132,904

 -

                       -

 -

72,225

 -

 -

205,129

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF PUERTO GUZMAN


137,578

 -

                       -

 -

3,754

 -

 -

141,332

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

MUNICIPALITY OF PIAMONTE


137,578

 -

                        -

 -

36,224

 -

 -

173,802  

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Colombia

DISTRICT OF BOGOTA


230,416

 -

                       -

 -

-

 -

 -

230,416

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35.

Ecuador

GOVERNMENT OF ECUADOR

MINISTRY OF ENERGY AND NON-RENEWABLE NATURAL RESOURCES OF ECUADOR

-

 -

72,000

 -

-

 -

 -

                72,000

Paid in USD

Ecuador

GOVERNMENT OF ECUADOR

SECRETARIAT OF HIGHER EDUCATION, SCIENCE, TECHNOLOGY AND INNOVATION

-

 -

300,000

 -

-

 -

 -

                300,000

Paid in USD

Ecuador

GOVERNMENT OF ECUADOR

MINISTRY OF ENERGY AND NON-RENEWABLE NATURAL RESOURCES OF ECUADOR

-

 -

285,000

 -

-

 -

 -

285,000

Paid in USD

Ecuador

GOVERNMENT OF ECUADOR

CENTRAL BANK OF ECUADOR

-

23,338,241

                       -

 -

-

 -

 -

                  23,338,241

Paid in USD

Ecuador

GOVERNMENT OF ECUADOR

INTERNAL REVENUE SERVICE

546,869

-

                -

 -

 -

 -

 -

           546,869

Paid in USD

Ecuador

DECENTRALIZED AUTONOMOUS MUNICIPAL GOVERNMENT OF LAGO AGRIO


122,901

 -

               -

 -

 -

 -

 -

                122,901

Paid in USD

Canada -Alberta

GOVERNMENT OF ALBERTA

ALBERTA ENERGY AND MINERALS

-

771,275

68,308

 -

 -

 -

 -

                839,583

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37.

$771,015.47, AB Crown Royalty Gas & Liquids Net of GCA - G94167206 A8HW and $259.09 Compensatory Royalty. $68,307.92 Fees include Surface & Mineral Lease Rentals

Canada -Alberta

GOVERNMENT OF ALBERTA

ALBERTA PETROLEUM MARKETING COMMISSION

-

2,101,521

 -

 -

 -

 -

 -

2,101,521

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37

$2,101,520.5 Oil paid in-kind royalties, carried by i3. The value of in-kind payments was determined using the prevailing commodity prices at the time of transfer.

Canada -Alberta

WOODLAND CREE FIRST NATION


-

-

642,336

-

-

-

-

642,336

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37. Surface lease Acq Costs

Canada -Alberta

STURGEON LAKE CREE NATION

STURGEON LAKE RESOURCES LTD.

-

-

203,576

-

-

-

-

203,576

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37. Surface lease Acq Costs.

 


 

Disclosure by Project

 

Country

Project Name

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid by Project

Notes

Colombia

MIDDLE MAGDALENA BASIN

             504,365

71,207,601

246,892

 -

439,169

 -

 -

             72,398,027

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Colombia

PUTUMAYO BASIN

1,574,445

54,460,950

336,629

 -

565,126

 -

 -

56,937,150

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Colombia

ENTITY WIDE

48,997,723

729

116,703

 -

-

 -

 -

49,115,155

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Colombia

LLANOS BASIN

 -

525,882

87,821

 -

 -

 -

 -

613,703

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Colombia

SINU BASIN

 -

 -

43,058

 -

 -

 -

 -

                      43,058

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Colombia

CATATUMBO BASIN

-

-

24,244

 -

 -

 -

 -

24,244

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Colombia

LOWER MAGDALENA BASIN

                    -

 -

10,368

 -

 -

 -

 -

                    10,368

Paid in Colombian Pesos.  Translated at the 2024 average foreign exchange rate of 4,071.35:1 USD

Ecuador

CHARAPA

-

10,041,689

219,000

-

-

-

-

10,260,689

Paid in USD

Ecuador

CHANANGUE

-

13,296,552

219,000

-

-

-

-

13,515,552

Paid in USD

Ecuador

IGUANA

-

-

219,000

-

-

-

-

219,000

Paid in USD

Ecuador

ENTITY WIDE

669,771

-

-

-

-

-

-

669,771

Paid in USD

Canada

CENTRAL

-

1,861,202

18,600

-

-

-

-

1,879,802

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37.

Includes AB, BC, IOGC & First Nations.  $1,238,291.8 Oil paid in-kind royalties, carried by i3. The value of in-kind payments was determined using the prevailing commodity prices at the time of transfer.

Canada

OTHER

-

291,273

6,979

-

-

-

-

298,252

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37.

Includes AB, BC, IOGC & First Nations.  $276,590.52 Oil paid in-kind royalties, carried by i3. The value of in-kind payments was determined using the prevailing commodity prices at the time of transfer.

Canada

SIMONETTE

-

615,498

209,873

-

-

-

-

825,371

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37.

Includes AB, BC, IOGC & First Nations.  $561,849.16 Oil paid in-kind royalties, carried by i3. The value of in-kind payments was determined using the prevailing commodity prices at the time of transfer.

Canada

WAPITI

-

104,896

31,234

-

-

-

-

136,130

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37.

Includes AB, BC, IOGC & First Nations.  $27,789.03 Oil paid in-kind royalties, carried by i3. The value of in-kind payments was determined using the prevailing commodity prices at the time of transfer.

Canada

CLEARWATER

-

-73

647,534

-

-

-

-

647,461

Amounts paid in Canadian dollars and translated at the 2024 average foreign exchange rate of $1.37.

Fees Included $645,620.44 First Nations Lease Acquisition

 

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