Gran Tierra Energy Inc. Report on Payments to Govts
May 31 2024 - 2:00AM
RNS Regulatory News
RNS Number : 5504Q
Gran Tierra Energy Inc.
30 May 2024
Gran Tierra Energy
Inc.
Report on payments to
governments for the year 2023
Introduction
Gran Tierra Energy Inc.
("Gran Tierra") has prepared the following report
that sets out details of the payments made to governments for the
year ended 31 December 2023 in accordance with the Reports on
Payments to Governments Regulations 2014 (2014/3209) as amended by
the Reports on Payments to Governments (Amendment) Regulations 2015
(2015/1928) and The Disclosure and Transparency Rule ("DTR 4.3A")
issued by the Financial Conduct Authority.
This report is available for
download from https://www.grantierra.com/investor-relations/reports-filings/
Basis of preparation
The payments disclosed, which are on
a cash basis in U.S Dollars, are based on where the obligation for
the payment arose (i.e. at a project or corporate level). Where a
payment or a series of related payments do not exceed £86,000, they
are not required to be disclosed under the UK Regulations, however
this has been disclosed in aggregate at a corporate level for
clarity over obligations.
All of the payments disclosed in
accordance with the Directive have been made to National
Governments of Colombia and Ecuador, either directly or through a
Ministry or Department of the National Government and to Local
Community Councils or municipalities in Colombia.
Taxes
This represents cash tax calculated
on the basis of profits including income or capital gains. Income
taxes are usually reflected in corporate income tax returns. The
cash payment of income taxes occurs in the year in which the tax
has arisen or up to one year later. Income taxes also include any
cash tax rebates received from the Government or revenue authority
during the year and excludes fines and penalties.
Royalties
This represents cash and in-kind
royalties paid to Governments during the year for the extraction of
oil or gas. The terms of the royalties are described within Gran
Tierra's 2023 Annual Report filed on form 10-K.
Fees
This represents supervision,
licensing, permits, project assessment fees and other levies or
consideration related to Gran Tierra's exploration and production
contracts or to the overall management of our business.
Bonuses
This represents social investment
program payments to the local communities or municipalities in
Colombia.
Disclosure by Payee
Country
|
Payee Name
|
Departments, Agency, etc…
within Payee that Received Payments
|
Taxes
|
Royalties
|
Fees
|
Production
Entitlements
|
Bonuses
|
Dividends
|
Infrastructure Improvement
Payments
|
Total Amount paid to
Payee
|
Notes
|
Colombia
|
NATIONAL
GOVERNMENT OF COLOMBIA
|
NATIONAL
HYDROCARBON AGENCY OF COLOMBIA
|
-
|
145,160,150
|
-
|
-
|
-
|
-
|
-
|
145,160,150
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
NATIONAL
GOVERNMENT OF COLOMBIA
|
DIRECTORATE OF NATIONAL TAXES AND CUSTOMS OF
COLOMBIA
|
108,318,283
|
-
|
-
|
-
|
-
|
-
|
-
|
108,318,283
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
NATIONAL
GOVERNMENT OF COLOMBIA
|
|
-
|
-
|
1,435,982
|
-
|
-
|
-
|
-
|
1,435,982
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF PUERTO ASÍS
|
|
412,336
|
-
|
-
|
-
|
794,268
|
-
|
-
|
1,206,604
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF MOCOA
|
|
370,955
|
-
|
-
|
-
|
430,535
|
-
|
-
|
801,490
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF SAN MARTIN
|
|
317,717
|
-
|
-
|
-
|
432,137
|
-
|
-
|
749,854
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF VILLAGARZON
|
|
294,184
|
-
|
-
|
-
|
439,977
|
-
|
-
|
734,161
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF RIO DE ORO
|
|
112,646
|
-
|
-
|
-
|
169,476
|
-
|
-
|
282,122
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
INDIGENOUS COMMUNITY OF CABILDO AWA
|
|
-
|
-
|
-
|
-
|
216,751
|
-
|
-
|
216,751
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
INDIGENOUS COMMUNITY OF RESGUARDO INGA WASIPUNGO
|
|
-
|
-
|
-
|
-
|
198,001
|
-
|
-
|
198,001
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF PUERTO GUZMAN
|
|
117,674
|
-
|
-
|
-
|
71,360
|
-
|
-
|
189,034
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF PIAMONTE
|
|
117,674
|
-
|
-
|
-
|
23,641
|
-
|
-
|
141,315
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
DISTRICT
OF BOGOTA
|
|
139,012
|
-
|
-
|
-
|
-
|
-
|
-
|
139,012
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MUNICIPALITY OF RIONEGRO
|
|
-
|
-
|
-
|
-
|
131,975
|
-
|
-
|
131,975
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
INDIGENOUS COMMUNITY ORGANIZATION (ORCONEPUL)
|
|
-
|
-
|
-
|
-
|
86,410
|
-
|
-
|
86,410
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Ecuador
|
GOVERNMENT OF ECUADOR
|
MINISTRY
OF ENERGY AND NON-RENEWABLE NATURAL RESOURCES OF ECUADOR
|
-
|
10,388,278
|
357,000
|
-
|
-
|
-
|
-
|
10,745,278
|
Paid in USD
|
Ecuador
|
GOVERNMENT OF ECUADOR
|
SECRETARIAT OF HIGHER EDUCATION, SCIENCE, TECHNOLOGY AND
INNOVATION
|
-
|
-
|
300,000
|
-
|
-
|
-
|
-
|
300,000
|
Paid in USD
|
Ecuador
|
GOVERNMENT OF ECUADOR
|
INTERNAL
REVENUE SERVICE
|
380,688
|
-
|
-
|
-
|
-
|
-
|
-
|
380,688
|
Paid in USD
|
United
States of America
|
STATE OF
DELAWARE
|
DELAWARE
SECRETARY OF STATE
|
252,058
|
-
|
-
|
-
|
-
|
-
|
-
|
252,058
|
Paid in USD
|
Disclosure by Project
Country
|
Project
Name
|
Taxes
|
Royalties
|
Fees
|
Production
Entitlements
|
Bonuses
|
Dividends
|
Infrastructure Improvement
Payments
|
Total Amount paid by
Project
|
Notes
|
Colombia
|
ENTITY
WIDE
|
110,200,481
|
-
|
173,826
|
-
|
-
|
-
|
-
|
110,374,307
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
MIDDLE
MAGDALENA BASIN
|
-
|
89,831,037
|
248,616
|
-
|
733,588
|
-
|
-
|
90,813,241
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD.
|
Colombia
|
PUTUMAYO
BASIN
|
-
|
54,651,565
|
768,647
|
-
|
2,260,943
|
-
|
-
|
57,681,155
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD.
|
Colombia
|
LLANOS
BASIN
|
-
|
677,548
|
230,570
|
-
|
-
|
-
|
-
|
908,118
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Colombia
|
LOWER
MAGDALENA BASIN
|
-
|
-
|
14,323
|
-
|
-
|
-
|
-
|
14,323
|
Paid in Colombian Pesos.
Translated at the 2023 average foreign exchange rate of 4,325.05:1
USD
|
Ecuador
|
ORIENTE
BASIN
|
380,688
|
10,388,278
|
657,000
|
-
|
-
|
-
|
-
|
11,425,966
|
Paid in USD
|
United
States of America
|
ENTITY
WIDE
|
252,058
|
-
|
-
|
-
|
-
|
-
|
-
|
252,058
|
Paid in USD
|
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