10:39 AM EST, 12/17/2024 (MT Newswires) -- Gran Tierra Energy ( GTE ) said Tuesday that it completed the sale of a 50% stake and operatorship of a portion of its Simonette Montney assets in Alberta, Canada to Logan Energy for 52 million Canadian dollars ($36.3 million) in cash.

The deal is part of a previously announced joint venture transaction and partnership with Logan Energy.

Gran Tierra also said it will maintain a 50% working interest in the assets.

Shares of Gran Tierra were down more than 2% in recent Tuesday trading.

Price: 6.50, Change: -0.19, Percent Change: -2.84