# Gran Tierra Energy Expects $315 Million From $1.33 Billion Sale

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/29278
Published: 2026-10-09T21:40:59.000Z
Updated: 2026-10-09T21:40:59.000Z
Section: Business

> Stockholders approved the sale of the company’s Colombian and Ecuadorian businesses to Maurel & Prom on Oct. 9.

Gran Tierra Energy Inc. expects approximately $315 million in net cash proceeds from the $1.33 billion sale of its Colombian and Ecuadorian businesses to Maurel & Prom, following stockholder approval of the transaction.

The proceeds are expected to include $250 million payable at closing and an additional $65 million due 364 days later.

Stockholders approved the sale Friday, Oct. 9. The transaction covers Gran Tierra’s operations in Colombia and Ecuador, with Maurel & Prom acquiring the businesses.