Gran Tierra Energy

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Address
300, 611-10th Avenue S.W.
Calgary
Alberta
Canada T2R 0B2
Tel (403) 265-3221
Fax (403) 265-3242
Web http://www.grantierra.com

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Future Plans

Drilling Plans In November 2006, Gran Tierra completed the testing of the new field wildcat Popa-1 well in the Rio Magdalena Block, Colombia, and initiated the mobilization of three rigs in preparation for exploration drilling programs in Colombia and Argentina. The Popa-1 well establishes a new light oil exploration play trend for continuing activity in the Rio Magdalena Block. Gran Tierra Energy is now initiating plans for acquiring seismic data in early 2007 to further delineate the Popa structure and assess the potential of additional exploration leads adjacent to the Popa location. The Company continues to ramp up drilling activities in other arenas. Ten exploration wells are currently scheduled to be drilled in the coming year. In Colombia, a drilling rig is being mobilized to drill the Laura prospect in the Talora Block, Middle Magdalena Basin, with drilling scheduled to begin in early December, 2006. The rig is then planned to be moved to drill the Caneyes prospect in the adjacent Rio Magdalena Block in early January, 2007. A second drilling rig is currently being mobilized to drill the Juanambu prospect in the Putumayo Basin of Colombia with drilling expected to begin in early January, 2007. The rig is then planned to be moved to the adjacent Chaza Block to drill the Naboyaco prospect. In Argentina, a drilling rig is being mobilized to drill the Puesto Climaco-2 sidetrack in the Vinalar Block in the Noroeste Basin, with drilling expected to begin in early December, 2006. Five additional new wells are scheduled to be drilled in Colombia and Argentina in 2007 by the Company. A significant workover program is also planned in parallel to enhance production from existing wells.

Who's Who

Dana Coffield
President & Chief Executive Officer
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Martin Eden
Chief Financial Officer
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Max Wei
VP Operations
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Rafael Orunesu
President, Gran Tierra Energy Argentina
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Edgar Dyes
President, Gran Tierra Energy Colombia
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Jeffrey Scott
Chairman
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Walter Dawson
Director
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Verne Johnson
Director
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Nadine C. Smith
Director
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Offices

Canada
Head Office
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Argentina
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Colombia
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