GRAN TIERRA ENERGY INC. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 26, 2016

Attached files

file filename
EX-10.29 - EXHIBIT 10.29 - GRAN TIERRA ENERGY INC.gte-20151231xex1029.htm
EX-32.1 - EXHIBIT 32.1 - GRAN TIERRA ENERGY INC.gte-20151231xex321current.htm
EX-21.1 - EXHIBIT 21.1 - GRAN TIERRA ENERGY INC.gte-20151231xex211current.htm
EX-31.1 - EXHIBIT 31.1 - GRAN TIERRA ENERGY INC.gte-20151231xex311current.htm
EX-23.1 - EXHIBIT 23.1 - GRAN TIERRA ENERGY INC.gte-20151231xex231current.htm
EX-10.30 - EXHIBIT 10.30 - GRAN TIERRA ENERGY INC.gte-20151231xex1030.htm
EX-31.2 - EXHIBIT 31.2 - GRAN TIERRA ENERGY INC.gte-20151231xex312current.htm
10-K - 10-K - GRAN TIERRA ENERGY INC.gte-20151231x10kcurrent.htm
EX-23.2 - EXHIBIT 23.2 - GRAN TIERRA ENERGY INC.gte-20151231xex232current.htm
EX-99.1 - EXHIBIT 99.1 - GRAN TIERRA ENERGY INC.gte-20151231xex991current.htm


Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)

Our earnings were insufficient to cover fixed charges for the years ended December 31, 2015 and 2014. The following table sets forth our ratio of earnings to fixed charges for the years ended December 31, 2013, 2012 and 2011, and our deficiency of earnings available to cover fixed charges for the years ended December 31, 2015 and 2014.
 
Year Ended December 31,
 
2015
2014
2013
2012
2011
Fixed charges
 
 
 
 
 
Interest expense
 
$
—

$
—

$
—

$
1,604

Interest portion of rental expense
31

18

21

27

31

Total fixed charges
$
31

$
18

$
21

$
27

$
1,635

 
 
 
 
 
 
Earnings
$
(368,088
)
$
(17,134
)
$
309,284

$
196,349

$
266,875

Fixed charges per above
(31
)
(18
)
(21
)
(27
)
(1,635
)
 
$
(368,119
)
$
(17,152
)
$
309,263

$
196,322

$
265,240

 
 
 
 
 
 
Ratio of earnings to fixed charges
(11,875
)
(953
)
14,727

7,271

162

Deficiency of earnings available to cover fixed charges
$
(368,150
)
$
(17,170
)
$
309,242

$
196,295

$
265,209





GRAN TIERRA ENERGY INC. Reports