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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
|
|
|---|---|---|---|---|
| -25.00 | -6.49% | 360.00 | 16:35:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 385.00 | 385.00 | 385.00 | 360.00 | 385.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 16/1/2025 13:56 by source Seems many stale i3E holders steadily selling out are still around. Shame they don't see the wider GTE opportunity (getting even bigger with $80 oil & gas doing even better recently!) |
Posted at 14/1/2025 09:56 by source Nice oil strength. GTE makes a LOT of money at $79 oil.... ;) |
Posted at 13/1/2025 16:59 by source Oil up 3.1%!!! Wow GTE so behind the curve on its share price... |
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 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 |
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