Latin America-based GeoPark Limited (stock ticker: GPRK) has been extending its reserves and announced plans to buy back shares in 2019.

Last month, GeoPark increased its equity interest to 100% in its Colombian and Chilean businesses, blocks, and reserves, including the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. In doing so, GeoPark acquired and closed on LG InternationaI’s (LGI’s) 20% equity interest in GeoPark’s Colombian and Chilean subsidiaries.

GeoPark also had further expansion earlier this year in the Neuquen basin in Argentina with the acquisition of Los Parlamentos block in partnership with YPF S.A. (YPF), the largest oil and gas producer in Argentina.

Source: GeoPark Press
Repurchasing Shares
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