Acquisition of Gran Tierra North Sea Limited

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NEO Energy today announces it has signed an agreement to acquire Gran Tierra North Sea Limited (“GTNSL”), a 100% owned subsidiary of Gran Tierra Energy Inc. 

GTNSL holds a 100% equity interest in UKCS licence P2358 which includes the Serenity discovery, a potential future tie-back to the Bleo Holm FPSO. This creates potential growth and development opportunities as part of the recently announced strategic merger of NEO Energy with Repsol Resources UK Limited. Completion of the merger remains subject to approvals from the relevant authorities and regulatory consents.  

Completion of the GTNSL transaction is subject to certain conditions precedent, including consent from the NSTA in respect of the change of control of GTNSL. The transaction is expected to complete in Q3 2025. 

Enquiries:

Camarco                                                                                                                             

Billy Clegg / Sam Morris

+44(0)203 757 4980