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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gran Tierra Energy Inc. | LSE:GTE | London | Ordinary Share | COM STK USD0.001 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 52.50 | 9.59% | 600.00 | 550.00 | 650.00 | 600.00 | 547.50 | 547.50 | 0.00 | 14:52:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 636.96M | -6.29M | -0.1950 | -42.15 | 265.07M |
From Apr 2022 to Apr 2024
TIDMGTE
RNS Number : 5282Q
Gran Tierra Energy Inc.
28 June 2022
Gran Tierra Energy Inc.
Report on payments to governments for the year 2021
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 2021 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/investor-relations/uk-regulatory-news#2022
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 GBP86,000, 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 Colombia and Ecuador, either directly or through a Ministry or Department of the National Government and to Local Community Councils or municipalities in Colombia.
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 2021 Annual Report filed on from 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
Hot Features
Premium
Country Payee Name Departments, Taxes Royalties Fees Production Bonuses Dividends Infrastructure Total Amount Notes
Agency, etc... Entitlements Improvement paid to
within Payee Payments Payee
that Received
Payments
---------- -------------- --------------- ------------------------------- ------------------- -------------------------------- ------------- ------------------------ ---------- --------------- ---------------------------------- -----------
Paid in
Colombian
Pesos.
Translated
at the
2021
average
DIRECTORATE foreign
OF NATIONAL exchange
TAXES AND rate of
GOVERNMENT CUSTOMS 3,743:1
Colombia OF COLOMBIA OF COLOMBIA 37,503,343 - - - - - - 37,503,343 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
rate of
DISTRICT 3,743:1
Colombia OF BOGOTA 309,496 - - - - - - 309,496 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
rate of
MUNICIPALITY 3,743:1
Colombia OF VILLAGARZON 291,000 - - - - - - 291,000 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
rate of
MUNICIPALITY 3,743:1
Colombia OF MOCOA 257,473 - - - - - - 257,473 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
MUNICIPALITY rate of
OF PUERTO 3,743:1
Colombia ASIS 146,772 - - - - - - 146,772 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
MUNICIPALITY rate of
OF RIO DE 3,743:1
Colombia ORO 101,942 - - - - - - 101,942 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
NATIONAL exchange
NATIONAL HYDROCARBON rate of
GOVERNMENT AGENCY OF 3,743:1
Colombia OF COLOMBIA COLOMBIA - 106,133,855 - - - - - 106,133,855 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
NATIONAL rate of
GOVERNMENT 3,743:1
Colombia OF COLOMBIA - - 1,151,218 - - - - 1,151,218 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
PUERTO LIMON rate of
COMMUNITY 3,743:1
Colombia COUNCIL - - - - 100,460 - - 100,460 USD
Paid in
Colombian
Pesos.
Translated
at the
2021
average
foreign
exchange
rate of
MUNICIPALITY 3,743:1
Colombia OF SAN MARTIN - - - - 130,537 - - 130,537 USD
MINISTRY OF
ENERGY AND
NON-RENEWABLE
NATURAL
GOVERNMENT RESOURCES Paid in
Ecuador OF ECUADOR OF ECUADOR - - 236,500 - - - - 236,500 USD
THE INSTITUTE
FOR THE
PROMOTION
GOVERNMENT OF HUMAN Paid in
Ecuador OF ECUADOR TALENT - - 300,000 - - - - 300,000 USD
---------- -------------- --------------- ------------------------------- ------------------- -------------------------------- ------------- ------------------------ ---------- --------------- ---------------------------------- -----------
United
States DELAWARE
of STATE OF SECRETARY Paid in
America DELAWARE OF STATE 253,004 - - - - - - 253,004 USD
Disclosure by Project
Country Project Taxes Royalties Fees Production Bonuses Dividends Infrastructure Total Amount Notes
Name Entitlements Improvement paid by Project
Payments
---------- ----------- ---------------------------- ---------------------------- ------------------------------ ------------- ------------------------------ ---------- --------------- ----------------------------- --------------
Paid in
Colombian
Pesos.
Translated
at the 2021
average
foreign
exchange
rate of
ENTITY 3,743:1
Colombia WIDE 38,610,026 - 296,282 - - - 38,906,308 USD
Paid in
Colombian
Pesos.
Translated
at the 2021
average
foreign
exchange
rate of
3,743:1
USD. In kind
contributions
calculated
based
on commodity
volumes
remitted
multiplied
by monthly
realized
prices the
company
receives on
MIDDLE arm's
MAGDALENA length
Colombia BASIN - 66,119,531 313.963 - 130,537 - - 66,564,031 transactions.
Paid in
Colombian
Pesos.
Translated
at the 2021
average
foreign
exchange
rate of
3,743:1
USD. In kind
contributions
calculated
based
on commodity
volumes
remitted
multiplied
by monthly
realized
prices the
company
receives on
arm's
PUTUMAYO length
Colombia BASIN - 39,042,333 443,915 - 100,460 - - 39,586,708 transactions.
Paid in
Colombian
Pesos.
Translated
at the 2021
average
foreign
exchange
rate of
3,743:1
USD. In kind
contributions
calculated
based
on commodity
volumes
remitted
multiplied
by monthly
realized
prices the
company
receives on
arm's
LLANOS length
Colombia BASIN - 971,991 39,864 - - - - 1,011,855 transactions.
Paid in
Colombian
Pesos.
Translated
at the 2021
average
foreign
exchange
rate of
3,743:1
Colombia SINU BASIN - - 46,094 - - - - 46,094 USD
Paid in
Colombian
Pesos.
Translated
at the 2021
average
foreign
exchange
rate of
CATATUMBO 3,743:1
Colombia BASIN - - 11,100 - - - - 11,100 USD
ORIENTE
Ecuador BASIN - - 536,500 - - - - 536,500 Paid in USD
United
States
of ENTITY
America WIDE 253,004 - - - - - - 253,004 Paid in USD
.
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END
PGREVLFLLQLZBBV
(END) Dow Jones Newswires
June 28, 2022 11:50 ET (15:50 GMT)
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