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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gran Tierra Energy Inc. | GTE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 17.50 | 2.95% | 610.00 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 592.50 | 592.50 | 622.50 | 610.00 | 592.50 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 27/11/2024 15:39 by kickingking GTE could be nice little earner for ex i3e shareholders. Nice rise today |
Posted at 08/11/2024 00:25 by bobaxe1 Trump will be v good for gte!// |
Posted at 05/11/2024 09:35 by jmort99 Tony, thanks for posting the transcript of yesterday's GTE Conference call on the LSE I3E board. Here it is for this board:The initial part is nothing more than them going over the already released Q3 results, but the Q&A section at the end adds more. Good to see GTE continuing with share buybacks, something which I3E declined to do, believing their cash could be better utilised through drilling and dividends. Ryan Ellson - "...we’ll continue to buy back stock. So, even if we are in blackout, we can continue to buy. But I think if you look at since 2023, we really have funded that buyback through free cash flow. And so, we expect that to continue in the future. And for us when we’re trading at a discount to PDP, we think it’s a great way to return capital to shareholders and increase long-term net asset value." |
Posted at 03/11/2024 12:32 by tonynorstrom1 Just looking in to see what folks think about GTE - I noticed that Cat33 (aka oilman Jim) is still around pumping his paid news letter under a false name - what a Wally! |
Posted at 01/11/2024 16:13 by pretax2 Yeah, looking at the shares, but just finished building an income portfolio with I3e profits.However, the shares look good value and it seems, for now, to have stopped tanking. I have £20k of trading money (none income), currently in PHPD. I'll be out of this trade in 6 months and will take a peek at GTE then. In truth I like the Canadian assets and once the dust settles I think GTE will move up. GLA |
Posted at 04/8/2024 13:30 by cat33 Good piece by Jim - GTE is looking good https://oilman.beehi |
Posted at 26/10/2018 06:34 by danieldanj Key Date Approaching for Gran Tierra’s (GTE) Shareholders |
Posted at 31/12/2010 12:33 by ravel morrison RNS Number : 8055Y Gas Turbine Efficiency PLC 31 December 2010 31 December, 2010 Gas Turbine Efficiency PLC Proposed sale of assets of the aviation business Circular to shareholders Further to the announcement made by GTE on 29 December 2010, a circular to shareholders has today been posted, including a notice of a General Meeting of the Company to be held at the offices of Bird & Bird LLP, 90 Fetter Lane, London EC4A 1PT at 11.00 a.m. on 17 January 2011 for the purpose of considering, and if thought fit, passing resolutions to: (1) approve the sale of assets in the aviation business of the Company; (2) provide the Directors with further authority to allot equity securities up to an aggregate nominal amount of GBP61,224.33; and (3) provide the Directors with authority to issue Ordinary Shares on a non pre-emptive basis to satisfy outstanding C Warrants and to allot equity securities up to an aggregate nominal amount of GBP20,408.11 on a non pre-emptive basis. It was announced on 29 December 2010 that under the terms of the existing Loan Notes, GTE is required to apply the proceeds from the Asset Sale in repayment of the Loan Notes and that it was in discussions with Loan Note Holders about retaining the proceeds from the Asset Sale. Generation and Zouk have entered into a new commitment to subscribe for the D Loan Notes. The proceeds from the issue of the D Loan Notes will be used to finance the Group's working capital. Accordingly, the Loan Note Holders have agreed that GTE may retain the proceeds of the Asset Sale (subject to repayment of the D Loan Notes) and to certain amendments to the Loan Notes. The D Loan Notes constitute US$5,750,000 notes of US$10 each; carrying a fixed interest rate of 20% p.a. and a commitment fee of US$750,000 (which is rolled up into the principal amount of the D Loan Notes). The D Loan Notes are repayable on 31 January 2011. However, if the Asset Sale proceeds to Completion, the Company will be required to repay the D Loan Notes within three business days from the receipt of the sale proceeds from the Asset Sale. In the event that the Asset Sale does not proceed to Completion, the Loan Notes and the D Loan Notes will become immediately due and repayable by GTE. GTE would not in such circumstances have sufficient cash resources to repay the Loan Notes or D Loan Notes and would need to seek alternative funding. There can be no guarantee that such funding could be obtained on acceptable terms or at all. If no such funding was obtained then the Company would be required to address insolvency issues which could lead to placing the Company into insolvent liquidation. Furthermore, in the event that the Company does not repay the D Loan Notes on the earlier of three business days from receipt of the Asset Sale proceeds or 31 January 2011 the Company will be required to pay a US$5m default fee to the holders of the D Loan Notes payable pro rata to the number of D Loan Notes held by each Loan Note Holder. GTE is currently in discussions with the Loan Note Holders regarding a possible recapitalisation of some or all of the Loan Notes into equity. Accordingly, the terms of the Loan Notes have been amended to bring their repayment date forward from 18 December 2012 to 15 February 2011. If, however, GTE and the Noteholders reach an agreement on a proposed recapitalisation of the Loan Notes on or before 15 February 2011, the Loan Notes will not become repayable until 15 March 2011. In the event GTE reaches agreement with the Loan Noteholders on a recapitalisation, GTE will have until 15 March 2011 to effect such recapitalisation (including obtaining necessary Shareholder approval). If GTE cannot reach agreement with the Loan Note Holders by 15 February 2011 the Loan Notes will become immediately due and repayable on 15 February 2011. In the event agreement is reached with the Loan Note Holders by 15 February 2011 and such recapitalisation is not implemented by 15 March 2011, then the Loan Notes will become immediately due and repayable on 15 March 2011. In either case GTE will not have sufficient cash to repay the Loan Notes. In such a case, the Company would have to seek alternative funding. There can be no guarantee that such funding could be obtained on acceptable terms or at all. If no such funding was obtained the Company would be required to address insolvency issues which could lead to placing the Company into insolvent liquidation. The Loan Notes have also been amended to provide that a waiver consent fee equal to 20% of the principal amount of the Loan Notes will become payable to the Loan Notes Holders if the recapitalisation of the Loan Notes is not effected by 15 March 2010 (in which case such Loan Notes become immediately repayable) or there is a change of control of the Company prior to such recapitalisation being effected. Furthermore, in the event that there is a change of control of the Company prior to effecting a recapitalisation of the Loan Notes then additional interest of 10% p.a. will be payable by GTE on the Loan Notes from 31 December 2010 until such payment is made. The Loan Note Holders have also agreed to defer accrued interest due and payable on the Loan Notes due to be paid on 31 December 2010 until 31 January 2011. The terms of the Warrants have also been amended. The exercise price of the Warrants currently GBP0.10 per Ordinary Share has been amended so that in the event a recapitalisation of the Loan Notes is not effected (as described above) or there is a change of control of the Company prior to effecting such recapitalisation, the exercise price will be reduced to GBP0.002 per Ordinary Share. The D Loan Notes and the amendments to the Loan Notes are conditional upon certain conditions being satisfied. The Company will issue a separate announcement confirming when such conditions have been satisfied. The D Loan Notes entered into with Generation and Zouk constitute a related party transaction under the AIM Rules due to the fact that Generation and the Zouk are each substantial Shareholders. The proposed amendments to the A, B and C Loan Notes also constitute a related party transaction with Generation and Zouk for the same reason. The Directors consider, having consulted with Matrix (GTE's Nominated Adviser), that the terms of the D Loan Notes are fair and reasonable insofar as the Shareholders are concerned. In coming to their opinion, the Directors have had regard to a number of factors including the current financial position and existing funding of the Group. The Company has received irrevocable undertakings to vote in favour of the Resolutions from Generation and Zouk, who together hold 31,395,681 Ordinary Shares, representing approximately 30.77% of the Ordinary Shares in issue. Directors' intentions The Directors unanimously recommend that Shareholders vote in favour of all of the Resolutions at the General Meeting, as they themselves intend to do in relation to their own entire registered holdings of 442,663 Ordinary Shares representing, in aggregate, 0.43% of the Ordinary Shares in issue. A copy of the circular is available on the Company's website. For further information please contact: Gas Turbine Efficiency plc John Grant, Executive Chairman Tel: +44 (0) 7768 465042 |
Posted at 29/12/2010 19:36 by knowing Growth KennyStrategy update -- Following the sale of the assets of the aviation business, GTE will continue to focus on investments and resources for the development and commercialisation of performance enhancing solutions for gas turbines in the power generation and oil & gas sectors -- GTE's cost structure will be re-focused on sustainable profitable growth of these core product lines; an extensive cost reduction programme is underway to lower the cost base and eventually generate free cash flow -- GTE will also continue to build its aftermarket service capability in the repairs and combustion tuning areas, where it has leveraged its technical depth - resulting in two major longer term service agreements with leading power generation companies -- The outage service team which joined GTE in mid-2009 will leave GTE and return to its previous employer, where the core business focus is on-site labour/outage services as opposed to technology solutions at GTE. In 2010, this team generated approximately US$6.3 million in revenue and US$1.5 million in gross margin. GTE will continue to evaluate the most appropriate mix of aftermarket services and alliances in 2011, consistent with its focus on core growth -- Effective 4 February 2011, Thomas Wagner, GTE's Chief Technology Officer will be retiring and will be offered the role as technology advisor to GTE's Board of Directors. We would like to thank Tom for his past contributions to the GTE team -- GTE continues to explore options for new long term investment from existing or appropriate strategic investors, or through strategic partnerships |
Posted at 08/11/2010 14:38 by tullynessle An overview of the "exclusive aviation Contract" executed between GTE and Pratt & Whitney is provided in the Press Release dated 03 Jan 2006."The Agreement was extended to 2014, with options for additional extensions through 2019." "Terms of the extended agreement include an increase in, and the extension of, guaranteed minimum royalties in favour of GTE through the life of the agreement." Noting the success of the gas turbine cleaning system, it's a pity that "exclusivity" was agreed in the Contract - however it appears that this could be addressed / re-negotiated in 2014. The Contract appears to provide a solid core to the Aviation Component of the GTE business - I suspect others may be able to use the data above and information in recent Report and Accounts to guesstimate a value? All IMOHO / DYOR Press Releases GTE extends exclusive agreement with Pratt & Whitney to 2014 03 Jan 2006 Gas Turbine Efficiency plc ("GTE" or "the Company"), a leading supplier of advanced high pressure gas turbine cleaning systems that was admitted to AIM on 21 December 2005, announces that it has signed an agreement with the Pratt & Whitney division of United Technologies Corporation (P&W) extending their exclusive aviation contract until 2014, with options for additional extensions through 2019. The agreement relates to the provision of GTE systems to P&W for exclusive use in aviation/aero engine washing services under P&W's EcoPower(TM) brand name. Terms of the extended agreement include an increase in, and the extension of, guaranteed minimum royalties in favour of GTE through the life of the agreement. The original agreement, which was described in the Company's admission document, covered a five-year period ending 31 December 2009. Steven Zwolinski, chief executive of GTE, commented, "Our relationship with P&W for aviation applications has delivered positive results over the past year and we are delighted to strengthen this core business segment with a 10-year cornerstone contract. The agreement provides a longer term business framework and is a strong validation of GTE's technology, P&W's EcoPower(TM) business model and the excellent working partnership between the two companies |
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