X0306 4 2019-11-25 0 0001273441 GRAN TIERRA ENERGY INC. GTE 0001106191 GMT CAPITAL CORP GMT CAPITAL CORP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 0 0 1 0 0000899037 BAY RESOURCE PARTNERS LP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 0 0 1 0 0001161416 BAY II RESOURCE PARTNERS LP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 0 0 1 0 0001733113 BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 0 0 1 0 0001075617 CLAUGUS THOMAS E GMT CAPITAL CORP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339 0 0 1 0 0001396794 GMT Exploration Co LLC 1560 Broadway STE 2000 Denver CO 80202 0 0 1 0 COMMON STOCK 2019-11-25 4 P 0 904800 1.02 A 81022386 D COMMON STOCK 2019-11-26 4 P 0 133700 0.99 A 81156086 D This Form 4 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a controlling interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized. The aggregate number of shares of common stock purchased on November 25, 2019, was 904,800 shares, at a price of $1.02 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 81,022,386. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 331,400 shares purchased resulting in ownership of 23,066,590 shares; Bay II = 210,100 shares purchased resulting in ownership of 19,129,930 shares; Offshore Fund = 325,300 shares purchased resulting in ownership of 33,282,556 shares; GMT Capital = 4,500 shares purchased resulting in ownership of 896,910 shares; Claugus = 33,500 shares purchased resulting in ownership of 3,119,500 shares; GMT Exploration = 0 shares purchased resulting in ownership of 1,526,900 shares. The aggregate number of shares of common stock purchased on November 26, 2019, was 133,700 shares, at a price of $0.99 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 81,156,086. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 48,800 shares purchased resulting in ownership of 23,115,390 shares; Bay II = 31,100 shares purchased resulting in ownership of 19,161,030 shares; Offshore Fund = 48,100 shares purchased resulting in ownership of 33,330,656 shares; GMT Capital = 700 shares purchased resulting in ownership of 897,610 shares; Claugus = 5,000 shares purchased resulting in ownership of 3,124,500 shares; GMT Exploration = 0 shares purchased resulting in ownership of 1,526,900 shares. /s/ Philip J. Meyers 2019-11-27