US EditionGran Tierra Energy Announces Sale of Gran Tierra North Sea Limited - Gran Tierra Energy (AMEX:GTE)
- Gran Tierra Energy Inc. Announced on June 4, 2025, in Calgary that it agreed to sell its subsidiary Gran Tierra North Sea Limited to NEO Energy.
- This sale followed the company's decision to divest its UK asset, as Gran Tierra North Sea Limited holds a 100% interest in UK licence P2358 including the Serenity Discovery.
- NEO Energy, an independent operator active in the United Kingdom Continental Shelf, plans to purchase GTNSL for US$7.5 million, subject to regulatory approvals including the North Sea Transition Authority's consent.
- The deal is anticipated to finalize in the third quarter of 2025, contingent upon standard closing requirements, while Gran Tierra continues to include disclaimers regarding forward-looking statements about future results.
- This sale reflects Gran Tierra’s strategic focus on core regions like Canada, Colombia, and Ecuador, and may streamline its portfolio while enabling NEO Energy to expand its UK operations.
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Gran Tierra Energy Announces Sale of Gran Tierra North Sea Limited - Gran Tierra Energy (AMEX:GTE)
CALGARY, Alberta , June 04, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE) (TSX:GTE) (LSE:GTE) today announced that a wholly owned subsidiary of the Company has signed an agreement to sell its wholly owned subsidiary, Gran Tierra North Sea Limited ("GTNSL"), to NEO Energy for total consideration of US$7.5 Million. NEO Energy is a private upstream company and a leading independent operator in the Unit…
#Gran Tierra Energy Sells North Sea Subsidiary and Reports Impressive Revenue Growth Amid Challenging Market...
CALGARY, Alberta, June 4, 2025 - In a notable move to streamline its operations and focus on its core assets, Gran Tierra Energy Inc. (NYSE American: GTE, TSX: GTE, LSE: GTE) has announced the sale of its wholly-owned subsidiary, Gran Tierra North Sea Limited (GTNSL), to NEO Energy for total consideration of $7.5 million. NEO Energy, a private upstream company and a prominent independent operator in the UK Continental Shelf, is poised to take ov…
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