Post Tagged with: "GeoPark"

GEOPARK announces new gas field discovery CHILE

GEOPARK announces new gas field discovery CHILE

Oil and Gas 360 Oil and Gas 360 Publishers Note: GeoPark is presenting at EnerCom Dallas The Energy Investment Conference on Wednesday, Febuary 12, 2020 at 10:05am (MST). Please sign up to attend, all of our presentations will be streamed live. If you can’t join us in Dallas, watch Jim and Stacy present the GeoPark story on the EnerCom Dallas website.    Santiago, Chile – February 4, 2020 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced the discovery of the new Jauke Oeste gas field in the Fell block (GeoPark operated, 100% WI) in Chile. GeoPark drilled and completed the Jauke Oeste 1 exploration well to a total depth of 9,596 feet. A production test, through different choke sizes, in the Tobifera[Read More…]

GeoPark Q2 2019 Operational Update

GeoPark Q2 2019 Operational Update

GeoPark Announces Second Quarter 2019 Operational Update

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GeoPark Reports Record Production, Enters Sixth Country

Production up 23% YOY – conventional plays By Richard Rostad, analyst, Oil & Gas 360 GeoPark (ticker: GPRK) announced preliminary first quarter metrics today, providing an international counterpoint to the chorus of U.S. shale. GeoPark reports it produced a record net 39.6 MBOEPD, up 23% year-over-year. The vast majority of this volume is oil, as gas only accounts for 14% of company output. GeoPark’s Colombian assets have shown the strongest production growth over the past year, adding 22%, or 5.7 MBOEPD. Colombia is the focus of much of GeoPark’s drilling program, as the company’s Llanos 34 block saw five new wells come online in Q1. The company plans to drill six Llanos development wells in Q2, with more in future quarters. … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

More Latin American Plays Open to North American Explorers

More Latin American Plays Open to North American Explorers

GeoPark and Gran Tierra both add Ecuador to Latin American portfolios Two North American oil and gas producers have added Ecuador to their Latin American portfolios, winning acreage blocks that are prospective for hydrocarbon production. GeoPark Limited (stock ticker: GPRK, $GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations in Colombia, Peru, Argentina, Brazil and Chile, has now added Ecuador to its key target list through the acquisition of the Espejo and Perico blocks. GeoPark said the Espejo and Perico blocks are low-risk exploration blocks located in Sucumbíos Province in the north-eastern part of Ecuador, in the Oriente basin. Meanwhile, Canadian producer Gran Tierra Energy Inc. (stock ticker: GTE, $GTE) also announced that it made a new-country entry into Ecuador through the submission of winning bids for a total of three blocks, which were offered by the Ministerio de Energia y Recursos Naturales No Renovables (“MERNR”)[Read More…]

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

December 21, 2018 - 1:35 pm Closing Bell Story, International
GeoPark to Acquire Colombia and Chile Oil and Gas Assets

GeoPark to Acquire Colombia and Chile Oil and Gas Assets

GeoPark Announces an Agreement to Acquire Colombia and Chile Oil and Gas Assets from LG International

GeoPark Issues 3Q 2018 Operational Update

GeoPark Issues 3Q 2018 Operational Update

Latin America-based operator GeoPark (ticker: GPRK) provided an operational update for 3Q 2018 today. GeoPark is an independent oil and gas producer with operations in Argentina, Brazil, Chile, Colombia, and Peru. Some notable highlights and exploration successes from 3Q include: The discovery of the Tigui oil field in the Llanos 34 block in Colombia. The discovery of the Jauke gas field in Chile. New flowline construction in the Llanos 34 block in Colombia. An environmental impact assessment to begin operations in Peru in the Situche Central oil field. The complete update is included below All figures are expressed in US Dollars and growth comparisons refer to the same period of the prior year, except when otherwise sp… Login or click here to subscribe

GeoPark Announces Third Quarter 2018 Operational Update

GeoPark Announces Third Quarter 2018 Operational Update

October 18, 2018 - 7:00 am Earnings, Exploration and Production (E&P), Press Releases
Exclusive Interview: Jim Park, CEO & Director of GeoPark

Exclusive Interview: Jim Park, CEO & Director of GeoPark

At the 2018 The Oil & Gas Conference®, Jim Park, CEO and director of South American E&P GeoPark (ticker: GPRK), was interviewed by EnerCom’s Angie Austin. Park has worked in all phases of the upstream oil and gas business with a strong background in the acquisition, implementation and management of international joint ventures, including assignments in North America, Latin America, Asia, Europe and the Middle East. Early in his career, he worked as a research scientist in earthquake and tectonic studies after earning a degree in geophysics. In 1978, Park joined an oil and gas exploration project in Guatemala with Basic Resources International Limited which pioneered the development of commercial oil and gas production in Central America.   GeoPark is currently ranked the third-largest private oil and gas operator in Colombia and the first private oil and gas producer in Chile. It also has a non-operating working interest in one[Read More…]

GeoPark Announces New Jauke Gas Field Discovery in Chile

GeoPark Announces New Jauke Gas Field Discovery in Chile

GeoPark Announces New Jauke Gas Field Discovery in Chile

GeoPark to Present at The Oil and Gas Conference

GeoPark to Present at The Oil and Gas Conference

GeoPark (NYSE: GPRK) Company Overview GeoPark, founded in 2002, is an independent Latin American oil and gas explorer, operator and consolidator with assets and growth platforms in Argentina, Brazil, Chile, Colombia and Peru. GeoPark is currently ranked the third-largest private oil and gas operator in Colombia and the first private oil and gas producer in Chile. Recently expanded into 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. Los Parlamentos is an attractive, high-potential block located in the Mendoza Province and covers an area of approximately 366,000 acres (1,480 sq km) with seismic coverage (100 sq km of 3D and 800 sq km of 2D seismic). Summary Q1-2018 Revenue: $124 million Q1-2018 Production: 32 (MBOE/day) Total Common Stock Outstanding: 60 million Enterprise Value: $ 1.6 billion 1P Reserves: 97 MMboe Management Team James F. Park –[Read More…]

GeoPark Announces Board Appointment

GeoPark Announces Board Appointment

GeoPark Announces Appointment of Constantine G. Papadimitriou to Its Board of Directors

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 Produced 10.2 MMBOE in 2017, Receives Reserve Report

GeoPark Produced 10.2 MMBOE in 2017, Receives Reserve Report

‘For every barrel produced, we replaced it with almost three proven barrels’ – GeoPark CEO James Park EnerCom Dallas presenter GeoPark Limited (ticker: GPRK) recently received an independent appraisal of reserves covering 100% of the company’s assets in Colombia, Chile, Brazil, Peru and Argentina. Following GeoPark’s oil and gas production of 10.2 MMBOE in 2017, the company received certified 2P net reserves of 159.2 MMBOE (composed of 85% oil and 15% natural gas). By country, 55% of reserves were in Colombia, 21% in Chile, 20% in Peru, 3% in Brazil and 1% in Argentina. GeoPark CEO James F. Park said, “For every barrel produced, we replaced it with almost three proven barrels. And all was paid for from internally generated cash from our own operations – which also had a big increase from the year before. We invested $106 million of our cash flow and were able to increase our[Read More…]

EnerCom Dallas Conference Presenter: GeoPark Limited

EnerCom Dallas Conference Presenter: GeoPark Limited

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. 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 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[Read More…]

January 12, 2018 - 1:53 pm Closing Bell Story, EnerCom Dallas 2018, Energy News
GeoPark Issues Operational Update

GeoPark Issues Operational Update

GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update. GeoPark’s 2018 work program and budget is $100-$110 million. The company is targeting the drilling of 30-plus wells, representing a 15-20% production increase over 2017 average levels. The projects are expected to be fully funded by cash flow from operations, the company said in a statement. Fourth quarter highlights Consolidated oil and gas production up 30% to 30,654 BOEPD (up 8% compared to 3Q2017) Oil production increased by 35% to 25,341 BOPD (up 9% compared to 3Q2017) Colombian oil production increased by 39% to 24,293 (up 9% compared to 3Q2017) Annual 2017 average production up 23% to 27,586 BOEPD, exceeding guidance of 26,500-27,500 BOEPD Record 2017 exit production of 31,977 BOEPD Fourth quarter drilling results and future plans Columbia:[Read More…]