UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 2, 2014
Gran Tierra Energy Inc.
(Exact name of Registrant as specified in its charter)
| Nevada | 001-34018 | 98-0479924 | ||
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
300, 625 - 11th Avenue S.W.
Calgary, Alberta, Canada T2R 0E1
(Address of principal executive offices)
(403) 265-3221
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
As previously disclosed in a Current Report on Form 8-K, filed with the Securities and Exchange Commission on December 11, 2012, Gran Tierra Energy Colombia Ltd. (“Gran Tierra Colombia”) and Petrolifera Petroleum (Colombia) Limited (“Petrolifera Colombia”), both wholly owned indirect subsidiaries of Gran Tierra Energy Inc., each entered into a Crude Oil Sales / Purchase Agreement, dated as of December 3, 2012, with Gunvor Colombia SAS (each, a “Purchase Agreement”) for the sale of crude oil to Gunvor. Pursuant to the Purchase Agreements, each of Gran Tierra Colombia and Petrolifera Colombia may sell on average up to approximately 4,000 barrels of crude oil per day during the term of the respective Purchase Agreement, which was one year (unless terminated by one of the parties to the Purchase Agreement with 90 days notice, or earlier upon other specified events). The terms of the Purchase Agreements were extended to December 3, 2014, by addendums entered into in November 2013. Gran Tierra Colombia and Petrolifera Colombia are under no obligation to sell any crude oil until such time as they specify for a particular day the amount of crude oil they wish to sell to Gunvor.
On December 2, 2014, each of Gran Tierra Colombia and Petrolifera Colombia entered into an addendum with Gunvor to its respective Purchase Agreement to extend the term of the respective Purchase Agreement by an additional year, to December 3, 2015. No other provisions of the Purchase Agreements were amended. These Addendums are attached as exhibits to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Addendum No. 3 dated as of November 25, 2014, to agreement between Gran Tierra Energy Colombia Ltd and Gunvor Colombia SAS with respect to the sale of crude oil. | |
| 10.2 | Addendum No. 3 dated as of November 25, 2014, to agreement between Petrolifera Petroleum (Colombia) Limited and Gunvor Colombia SAS with respect to the sale of crude oil. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Gran Tierra Energy Inc. | |||
| By: | /s/ David Hardy | ||
| Name: | David Hardy | ||
| Title: | General Counsel, Vice President, Legal and Secretary | ||
Dated: December 4, 2014
EXHIBIT INDEX
| Exhibit No. | Description | |
| 10.1 | Addendum No. 3 dated as of November 25, 2014, to agreement between Gran Tierra Energy Colombia Ltd and Gunvor Colombia SAS with respect to the sale of crude oil. | |
| 10.2 | Addendum No. 3 dated as of November 25, 2014, to agreement between Petrolifera Petroleum (Colombia) Limited and Gunvor Colombia SAS with respect to the sale of crude oil. |