Gran Tierra Energy disclosed that it has entered into an agreement to sell its Colombian and Ecuadorian oil and gas assets to Maurel & Prom for a total consideration of $1.33 billion, with the purchase price incorporating the assumption of related debt. The company communicated that a portion of the proceeds from this transaction will be returned to shareholders through a share‑buyback programme. Following the announcement, Gran Tierra Energy’s UK‑listed shares, which trade on the London Stock Exchange under the ticker GTE.L, surged by more than 31% on Wednesday, reflecting strong market reaction. The shares are also listed on the Toronto Stock Exchange under the ticker GTE.TO. This transaction represents a significant divestment of the company's South American operations and is expected to reshape its asset portfolio.