GeoPark Limited (ticker: GPRK) is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru.
The company has 29 blocks in nine basins across five countries – approximately 6 million acres. GeoPark’s 3P reserve estimates project that 235 MMboe can be developed. In 2017 the company recorded an exit production of 31,977 BOEPD.
GeoPark Acreage Map, Dec. 2017
The company recently released its Q4 2017 operational update. Highlights include gross production to over 54,000 BOPD in the Llanos 34 block (GeoPark operated, 45% WI) with the addition of 7,900 BOPD gross from new wells.
GeoPark Colombia Map and Highlights, Dec. 2017
GeoPark recently acquired some assets in Argentina. The company has 100% WI and operatorship in Aguada Baguales, El Porvenir and Puesto Touquents blocks, with current production of 2,700 BOEPD (70% light oil, 30% gas).
2018 CapEx
GeoPark’s 2018 work program and budget is $100-110 million.
The company plans to allocate its capital to five countries. Colombia tops the list with $85-$90 million. Peru will have the second largest allocation with $6-$9 million. Similarly, Argentina’s share will be $5-$8 million.
Brazil investments will receive $3-$4 million and Chile, $1-$2 million.
EnerCom Dallas conference details
GeoPark will be presenting at the EnerCom Dallas investment conference, Feb. 21-22 at the Tower Club in downtown Dallas. Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now.
