Post Tagged with: "Chile"

GeoPark Q2 2019 Operational Update

GeoPark Q2 2019 Operational Update

GeoPark Announces Second Quarter 2019 Operational Update

GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

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 Yesterday, Ge… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

December 21, 2018 - 1:35 pm Closing Bell Story, International
GeoPark Production Moves to 35 MBOEPD

GeoPark Production Moves to 35 MBOEPD

Latin American E&P operator GeoPark Limited (ticker: GPRK) released a production update today, noting that current production is currently at 35 MBOEPD. This figure includes production from the recent Argentina acquisition. Oil production increased by 33% to 27,345 BOPD (up 8% compared to Q4 2017) Colombian oil production increased by 37% to 26,303 BOPD (up 8% compared to Q4 2017) Gas production increased by 3% to 29.1 MMcf/d (down 9% compared to Q4 2017) Oil production increased by 33% to 27,345 BOPD (up 8% compared to Q4 2017) Colombian oil production increased by 37% to 26,303 BOPD (up 8% compared to Q4 2017) Gas production increased by 3% to 29.1 MMcf/d (down 9% compared to Q4 2017) In Columbia, the Tigana Norte 6, Tigana Norte 7 and Jacana 20 development wells have been drilled, tested and put on production, adding approximately 3,000 BOPD gross in the Llanos 34 block (GeoPark[Read More…]

GeoPark Discovers New Gas Play in Chile

GeoPark Discovers New Gas Play in Chile

GeoPark Limited (ticker: GPRK) said that in Chile the Uaken 1 exploration well in the Fell block was successfully drilled and tested. The well is operated by GeoPark and the company has 100% working interest. GeoPark drilled and completed the Uaken 1 exploration well to a total depth of 3,658 feet. A production test through different chokes in the El Salto formation resulted in an average production rate of 0.8 million standard cubic feet per day of gas (or 125 BOEPD) with a wellhead pressure of 158 pounds per square inch. Additional production history is required to determine stabilized flow rates of the well, GeoPark said. However, surface facilities are in place and the well is already in production. GeoPark has a long-term contract to sell gas to the large Methanex methanol plant located approximately 100 kilometers from the Fell block, which is connected by a pipeline. The Uaken gas[Read More…]