Exploration Highlights

Gran Tierra Energy continues to
execute on the same proven
strategy it has used since its
inception nine years ago.

This strategy has produced three major discoveries:
Costayaco, Moqueta, and Bretaña for Gran Tierra
Energy and its stakeholders, and has consistently
grown land, reserves and production. Our focus on
execution sees Gran Tierra Energy entering 2014 with a
fully funded, robust drilling portfolio comprising both
development and exploration drilling.

2014 Target Average
Production

23,500-24,500

AVERAGE BOEPD NAR

2014 Capital Program*

$467MM

Cash and Cash Equivalents
($ Millions)

Cash and Cash Equivalents
(For the year ended December 31, 2013)

$428.8MM

2014 Capital Program By Country

Colombia

$243MM

Brazil

$30MM

Funds Flow From Operations†
(For the year ended December 31, 2013)

$352.9MM

Argentina

$44MM

Peru

$148MM

*2014 Capital program of $467 million includes $2 million assigned to corporate activities, based on a capital program announced on December 10, 2013.
†Funds flow from operations is a non-GAAP measure which does not have any standardized meaning prescribed under generally accepted accounting
principles in the United States of America ("GAAP"). A reconciliation to net income and additional disclosure can be found
in our 2013 year-end results press release.
Designed and Developed by TMX Equicom