Colombia-based oil and gas producer Gran Tierra Energy Inc. (GTE) terminated the proposed exchange offer for its 6.25% senior unsecured notes due 2025 (GTEIH) and 7.75% senior unsecured notes due 2027 (GTE Inc.). On June 28, 2022, S&P Global Ratings withdrew its 'B' rating on GTE's 8.75% proposed amortizing senior secured bond due 2029. We also affirmed our 'B' senior unsecured debt ratings and removed them from CreditWatch with negative implications. GTE is a Canadian energy company focused on oil and gas exploration, development, and production. All of the company's current operations are in Colombia's onshore fields, which represent 100% of proven reserves and oil-weighted assets. As of Dec. 31, 2021, GTE had total proven reserves of 79 million boe
