GeoPark Announces Quarterly Cash Dividend of $0.082 Per Share

Rhea-AI Summary

GeoPark Limited (NYSE: GPRK) announced a quarterly cash dividend of $0.082 per share, totaling $5.0 million, payable on June 10, 2022, to shareholders of record by May 26, 2022. The company emphasizes its commitment to enhancing shareholder value while implementing self-funded programs and reducing debt.

Positive

• Declared quarterly cash dividend of $0.082 per share,

Negative

• Potential risks identified in forward-looking statements could affect financial performance.

BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, announces that its Board of Directors has declared a quarterly cash dividend of $0.082 per share ($5.0 million in the aggregate) payable on June 10, 2022 to the shareholders of record at the close of business on May 26, 2022.

The Company remains committed to returning value to its shareholders while executing self-funded and flexible work programs and paying down debt.

NOTICE

Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.

Certain amounts and percentages included in this press release have been rounded for ease of presentation.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains statements that constitute forward-looking statements. Many of the forward- looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the expected dividend payment. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220510006126/en/

For further information, please contact:



INVESTORS:



Stacy Steimel

Shareholder Value Director

T: +562 2242 9600

ssteimel@geo-park.com



Miguel Bello

Market Access Director

T: +562 2242 9600

mbello@geo-park.com



Diego Gully

Investor Relations Director

T: +5411 4312 9400

dgully@geo-park.com



MEDIA:



Communications Department

communications@geo-park.com

Source: GeoPark Limited

FAQ

What is the dividend amount declared by GeoPark Limited (GPRK)?

GeoPark Limited has declared a quarterly cash dividend of $0.082 per share.

When will the dividend be paid to shareholders of GeoPark Limited?

The dividend will be paid on June 10, 2022.

What is the record date for the dividend payment by GeoPark Limited?

The record date for the dividend payment is May 26, 2022.

How much total dividend amount is GeoPark Limited distributing?

GeoPark Limited is distributing a total of $5.0 million as dividends.

What is GeoPark Limited's commitment towards shareholder value?

GeoPark Limited is committed to returning value to its shareholders while executing self-funded programs and paying down debt.