2/24/2025

speaker
Sebastian
Chief Operating Officer

To close, I would like to point out that with a robust and diverse portfolio of assets, With 227 1P and 441 2P identified undeveloped well locations, Grand Tierra is poised to capitalize on emerging opportunities and deliver value to all our stakeholders. As we continue to profitably advance our operational and financial goals, we remain deeply committed to the well-being of our employees and the communities where we operate, recognizing their essential role in our success. We are looking forward to 2025 and how it sets Grantira up for success for years to come. I will now turn the call back to the operator, and Gary, Ryan, and I will be happy to take questions. Operator, please go ahead.

speaker
Operator
Conference Call Operator

Thank you. Ladies and gentlemen, we will now conduct the question and answer session for securities analysts. If you have a question, please press star key followed by 1-1 on your touchtone phone. You will then hear an automated message advising your hand is raised. Your questions will be pulled in the order they are received. Please ensure you lift the handset if you're using a speakerphone before pressing any keys. One moment, please, for your first question. Our first question comes from the line of Anne Milne with Bank of America. Your line is now open.

speaker
Anne Milne
Analyst, Bank of America

Anne Milne Hi. Good morning, Gary, Ryan, everyone else in the team. Thank you for the call. three very different questions. The first one has to do with your higher cost of sales in 2024. Maybe you could give us an idea of going forward if you think that will go back down to previous levels in 2025 and also incorporating, I guess, the Ecuadorian and the Canadian costs as well. That's the first question. Second question is, If you were to look forward, including these assets for 26 and 27, where do you think you might see production at that point in time? Obviously, your reserve levels are really strong and you do have a development program, but just looking forward a little bit more. And then the third question is, I think I have asked you this before, but maybe you could just remind me. The sale of production from all three of your regions, but more from Canada, I think most of it is domestic. but maybe you could say about that which is not domestic, where it goes. Same question on Ecuador and Colombia, obviously having in the back of my mind impact of potentially higher tariffs. Thank you.

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