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GeoPark Ltd (NYSE: GPRK) delivers timely updates on its oil and gas exploration activities across Latin America through this centralized news hub. Access official press releases, operational developments, and strategic announcements from the independent energy producer.
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GeoPark (NYSE: GPRK) completed the acquisition of a 100% operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks in the Vaca Muerta formation, Neuquén Province, Argentina.
The Government of Neuquén issued decrees DECTO-2025-1226 and DECTO-2025-1270, finalizing regulatory approvals. GeoPark transferred a 5% WI in Puesto Silva Oeste to GyP and paid the remaining purchase price for a total consideration of $115 million (including a $22.7 million security deposit and $92.3 million balance), subject to customary adjustments.
GeoPark (NYSE:GPRK), a leading Latin American energy company, announced it will host a hybrid Investor Day on October 21, 2025, in New York City. The event will feature presentations from the company's senior management team, including CEO Felipe Bayon and other key executives.
The event will highlight GeoPark's recent strategic acquisition in Argentina's Vaca Muerta formation, along with detailed presentations on the company's long-term vision, production strategies, development plans, exploration initiatives, and financial outlook. The event will run from 8:00 AM to 11:00 AM ET, including a Q&A session, and requires pre-registration by October 16, 2025.
GeoPark (NYSE: GPRK) has entered into a strategic agreement to acquire a 100% operated working interest in two Vaca Muerta formation blocks in Argentina's Neuquen Province from Pluspetrol S.A. The deal includes the Loma Jarillosa Este and Puesto Silva Oeste blocks, with GeoPark maintaining a 95% interest in the latter after transferring 5% to GyP.
The $115 million acquisition provides immediate production of 1,700-2,000 boepd (95% oil), with potential to reach 20,000 boepd by 2028. The blocks contain estimated 2P reserves of 25.8 mmboe and 2C contingent resources of 44.2 mmboe. The assets are expected to contribute $12-14 million in Adjusted EBITDA for full-year 2025, potentially reaching $300-350 million at peak production.
The development plan requires $500-600 million investment through 2028, including new processing facilities. The transaction is expected to close by year-end 2025.
GeoPark (NYSE:GPRK) reported its Q2 2025 financial results, delivering Adjusted EBITDA of $71.5 million with a 60% margin, despite challenging market conditions. The company posted a net loss of $10.3 million, primarily due to a non-recurring impairment charge from divesting Ecuador assets. Key operational metrics include average production of 27,380 boepd and revenue of $119.8 million.
Notable developments include the divestment of Ecuador assets for $7.8 million, implementation of cost efficiency measures yielding $12.5 million in savings, and strategic repurchase of $54.5 million of 2030 Notes. The company declared a quarterly dividend of $0.147 per share while maintaining strong liquidity with $266.0 million cash and a low leverage ratio of 1.1x.
GeoPark has secured significant price protection with 87% of 2025 production hedged at Brent floors between $68-70/bbl, demonstrating proactive risk management in a volatile market environment.
GeoPark (NYSE:GPRK), a leading independent energy company in Latin America, has updated its reporting schedule for Second Quarter 2025 financial results. The company will release its Q2 2025 results on Tuesday, August 5, 2025, after market close.
A conference call with management will be held on Wednesday, August 6, 2025, at 10:00 am EDT. Investors can access the webcast through GeoPark's website or join via telephone using the provided dial-in numbers and passcode 553033.
GeoPark (NYSE: GPRK) released its Q2 2025 operational update, reporting consolidated production of 27,380 boepd, down 6% from Q1 2025. The decline was primarily due to the Llanos 32 Block divestment and temporary blockades in the CPO-5 Block.
Key operational highlights include: The Llanos 34 Block achieved 17,605 boepd net production, with waterflooding projects contributing 6,500 boepd gross. The company completed 5 wells in Q2, bringing the year-to-date total to 10. A notable discovery at the Currucutu-1 well in Llanos 123 Block produced an initial 1,360 bopd gross. New-generation rig implementations resulted in 30% cost savings and 23% faster operations compared to 2024.
GeoPark (NYSE: GPRK) has announced the appointment of Felipe Bayon as its new Chief Executive Officer and Board member, effective June 1, 2025. Bayon succeeds Andrés Ocampo, who is stepping down for personal reasons after serving as CEO for three years and CFO for over eight years.
Bayon brings over three decades of experience in the oil and gas industry, most notably serving as CEO of Ecopetrol from 2017 to 2023, where he managed 18,000 employees and oversaw production of 700,000 boepd with revenues exceeding $30 billion. His career includes significant achievements at Shell and BP, including leadership of Pan American Energy. At Ecopetrol, he led strategic expansions into the Permian Basin with Oxy, Brazilian ultra-deep water pre-salt operations with Shell, and investments in renewable energies.