"Gran Tierra has entered into Brent oil hedges on 15,000 bopd of WI production during the first half of 2021, with a weighted average floor of $45.13/bbl and ceiling of $51.38/bbl, to provide downside price protection since 70-80% of the Company's budgeted 2021 capital investment is projected to occur during the first half of 2021; Gran Tierra has 7,000 bopd hedged(11) for the second half of 2021 with a weighted average floor of $55.75/bbl and ceiling of $63.18/bbl"