08:06 AM EDT, 10/24/2025 (MT Newswires) -- Gran Tierra Energy ( GTE ) traded 2.1% higher at last look Friday in NYSE American pre-market trading as the company will receive up to C$200million under a crude oil sale and purchase agreement and a related prepayment addendum it entered through subsidiary Gran Tierra Energy Colombia.

Under the terms, the Gran Tierra will receive an initial advance of up to $150 million and may receive an additional advance of up to $50 million by satisfying scheduled deliveries of Ecuadorian Oriente crude oil production.

The company will use the proceeds to strengthen its balance sheet and enhance financial flexibility.

"Securing this agreement in this current market environment demonstrates the strong confidence our partners have in Gran Tierra's operations and underscores our position as a premier operator in Ecuador and a reputable international producer," chief financial officer Ryan Ellson said.

Gran Tierra said it also amended its Colombian credit facility, reducing the borrowing base from $75 million to $60 million while adjusting certain financial covenants to account for the prepayment structure.

"We remain fully committed to maintaining financial discipline and generating sustainable free cash flow through low decline and high netback production along with prudent capital allocation," Ellson said.