Gran Tierra Energy Inc (GTE)

[roadkilll]

Looking forward to the auditors update on valuation. At the end of 2020

Forecast prices

The pricing assumptions used in estimating NI 51-101 and COGEH compliant reserves data disclosed above with respect to net present values of future net revenue are set forth below. The price forecasts are based on McDaniel's standard price forecast effective January 1, 2021. McDaniel is an independent qualified reserves evaluator and auditor pursuant to NI 51-101.

Brent Crude Oil WTI Crude Oil
Year $US/bbl $US/bbl
January 1, 2021 January 1, 2021
2021 $49.50 $47.50
2022 $53.55 $51.00
2023 $54.62 $52.02
2024 $55.71 $53.06
2025 $56.83 $54.12