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SC 13G/A - GeoPark Ltd (0001464591) (Subject)

SC 13G/A - GeoPark Ltd (0001464591) (Subject)

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SC 13G/A - GeoPark Ltd (0001464591) (Subject)

SC 13G/A - GeoPark Ltd (0001464591) (Subject)

SC 13G/A - GeoPark Ltd (0001464591) (Subject)

SC 13G/A - GeoPark Ltd (0001464591) (Subject)

Appraisal Drilling and Secondary Recovery Support Colombian Production Mata Mora Norte Posts Records GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, announces its operational update for the three-month period ended September 30, 2024 ("3Q2024"). Oil and Gas Production and Operations 3Q2024 consolidated average oil and gas production of 33,2151 boepd, 7% lower than 2Q2024 due to the continued closure of the Manati gas field in Brazil (GeoPark non-operated, 10% WI), performance in the Llanos 34 Block (GeoPark operated, 45% WI) not offsetting the natural base decline, and continued blockades af

Stable Production Underpins Strong Cash Flow Generation Acquisition in Vaca Muerta Effective July 1 Quarterly Cash Dividend of $0.147 Per Share GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended June 30, 2024 ("Second Quarter" or "2Q2024"). A conference call to discuss these financial results will be held on August 15, 2024, at 10:00 am (Eastern Daylight Time). SECOND QUARTER 2024 FINANCIAL SUMMARY In 2Q2024, GeoPark delivered $127.9 million Adjusted EBITDA1, a margin of 67%, and $25.7 million net profit. Quarterl

New Quarterly Production Record in CPO-5 Consolidated Pro Forma Production Over 41,000 boepd as of July 1, 2024 GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended June 30, 2024 ("2Q2024"). Oil and Gas Production and Operations 2Q2024 consolidated average oil and gas production of 35,608 boepd, up slightly versus 1Q2024 Production increased 11% in Ecuador and 3% in Colombia, offsetting suspended production at the Manati gas field in Brazil (GeoPark non-operated, 10% WI) due to unscheduled maintenance As of July 1,

Strong Cash Flow Generation and Net Income Quarterly Cash Dividend of $0.147 Per Share GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended March 31, 2024 ("First Quarter" or "1Q2024"). A conference call to discuss these financial results will be held on May 16, 2024, at 10:00 am (Eastern Daylight Time). FIRST QUARTER 2024 SUMMARY In 1Q2024, GeoPark delivered $111.5 million Adjusted EBITDA, an Adjusted EBITDA margin of 67%, and $30.2 million net profit that was 15% higher than in 1Q2023. Quarterly average oil and gas

Strong Production Performance in Llanos 34 and Cpo-5 Blocks Driving Current Production to Over 38,000 Boepd GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended March 31, 2024 ("1Q2024"). Oil and Gas Production and Operations 1Q2024 average oil and gas production of 35,473 boepd, reflected stable production in the Llanos 34 Block (GeoPark operated, 45% WI), impacted by localized blockades in the CPO-5 Block (GeoPark non-operated, 30% WI) in Colombia and maintenance activities in the Manati gas field (GeoPark non-operated,

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 $0.136 per share ($7.5 million in the aggregate) payable on March 28, 2024, to the shareholders of record at the close of business on March 20, 2024. NOTICE Additional information about GeoPark can be found in the "Invest with Us" 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 co

Improved Volume Delivery in 4Q2023 Underpins Sustained Cash Returns Quarterly Cash Dividend of $0.136 Per Share Tender Offer for up to $50 Million Shares MSCI ESG Rating Upgraded to ‘AA': ESG Leader GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 ("Fourth Quarter" or "4Q2023") and for the year ended December 31, 2023 ("Full Year" or "FY2023"). A conference call to discuss these financial results will be held on March 7, 2024, at 10:00 am (Eastern Standard Time). FOURTH QUARTER AND FULL-YEAR 20

Net Present Value (After Tax) of $1.8 Billion 2P Value Per Share (Net Debt-Adjusted) of $26.0 GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced its independent oil and gas reserves assessment, certified by DeGolyer and MacNaughton Corp. (D&M) under PRMS methodology, as of December 31, 2023. All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified. All figures are expressed in US Dollars. Definitions of terms are provided in the Glossary on page 4. The Company's 2023 year-end reserves, related net present va

Quarterly Production up 10% With More Exploration Successes Shareholder Returns Exceeded Full-year Targets GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended December 31, 2023 ("4Q2023"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240116601367/en/Recent Exploration Successes in Colombia & Ecuador (Graphic: Business Wire) Oil and Gas Production and Operations Quarterly average oil and gas production of 38,315 boepd, up 10% vs 3Q2023, due to recent explorati

Another Active Year Focused on Growth, Low-risk Development, Exploration Targets, and Sustained Shareholder Returns GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced its work program and shareholder return framework for 2024. All figures are expressed in US Dollars. A conference call to discuss third quarter 2023 financial results and the 2024 work program and shareholder return framework will be held on November 9, 2023, at 10:00 a.m. Eastern Standard Time. 2024 Work Program Summary ($80-90/bbl Brent) Production: 37,000-40,000 boepd average production (assuming no producti

GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended June 30, 2024 ("2Q2024"). Oil and Gas Production and Operations 2Q2024 consolidated average oil and gas production of 35,608 boepd, up slightly versus 1Q2024 Production increased 11% in Ecuador and 3% in Colombia, offsetting suspended production at the Manati gas field in Brazil (GeoPark non-operated, 10% WI) due to unscheduled maintenance As of July 1, 2024,1 GeoPark is producing over 41,000 boepd, adding approximately 5,700 boepd on a proforma basis from the Mata Mora Nor

GeoPark (NYSE:GPRK) reported quarterly earnings of $0.55 per share which missed the analyst consensus estimate of $0.59 by 6.78 percent. The company reported quarterly sales of $167.40 million which missed the analyst consensus estimate of $193.00 million by 13.26 percent. This is a 8.27 percent decrease over sales of $182.50 million the same period last year.

Existing Production, Reserves and Cash FlowLow-Risk Development Underway With Large Scale UpsideWell-Positioned Acreage With Available InfrastructureProven Unconventional Strategic PartnerGeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that it has signed an Asset Purchase Agreement with Phoenix Global Resources ("PGR"), a subsidiary of Mercuria Energy Trading ("Mercuria"), for the acquisition of non-operated working interest (WI) in four adjacent unconventional blocks in the Neuquén Basin in Argentina as follows: a 45% WI in each of the Mata Mora Norte producing block and Mata Mor

As part of this transaction, GeoPark will obtain immediate access to committed funding from Vitol for up to $300 million, with an option to increase by another $200 million for a total of $500 million, in prepaid future oil sales over the period of the offtake contract. Funds committed by Vitol will be made available until June 30, 2025, subject to certain conditions. Amounts drawn on this prepayment facility can be repaid through future oil deliveries or prepaid at any time without penalty. The interest cost is based on a SOFR risk-free rate plus a margin of 3.75% per annum.

2024 Guidance Remains Unchanged 2024 Full-year average production of 35,500-39,000 boepd, as announced on February 21, 2024 Fully-funded 2024 organic capital expenditures program of $150-200 million to drill 35-45 gross wells (including 5-10 gross exploration wells and 30-35 gross appraisal and development wells)

Canaccord Genuity analyst Roman Rossi maintains GeoPark (NYSE:GPRK) with a Buy and maintains $14 price target.

The potential acquisition is consistent with GeoPark's strategy of continued expansion in the leading proven oil and gas basins in Latin America. Upon closing, the assets would immediately contribute more than 5,000 net boepd of production.

GeoPark (NYSE:GPRK) reported quarterly sales of $199.70 million which missed the analyst consensus estimate of $207.00 million by 3.53 percent. This is a 13.53 percent decrease over sales of $230.95 million the same period last year.

Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the energy sector: SandRidge Energy (NYSE:SD) - P/E: 3.24 BP Prudhoe Bay (NYSE:BPT) - P/E: 2.85 PermRock Royalty Trust (NYSE:PRT) - P/E: 6.96 GeoPark (NYSE:GPRK) - P/E: 3.75 International Seaways (NYSE:INSW) -

Continued Exploration Success Opens New Drilling Opportunities and Plays in the Llanos Basin GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, announces the appointment of a new Chief Financial Officer ("CFO") and provides an operating activity update in the Llanos 123 (GeoPark operated, 50% WI) and Llanos 87 (GeoPark operated, 50% WI) blocks in Colombia. New CFO Appointment GeoPark is pleased to announce the appointment of Jaime Caballero Uribe to the position of CFO, effective January 15, 2024. Jaime will be responsible for GeoPark's financial stewardship and associated activities, includin

Restoring Indico Field Production in the CPO-5 Block Second Exploration Success in the Llanos 123 Block New Exploration Success in Ecuador GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, provides an update on operations in the CPO-5 (GeoPark non-operated, 30% WI), Llanos 123 (GeoPark operated, 50% WI-Hocol 50% WI), Llanos 87 (GeoPark operated, 50% WI-Hocol 50% WI), Llanos 34 (GeoPark operated, 45% WI) and Perico (GeoPark non-operated, 50% WI) blocks. Colombia Production Back Online in the CPO-5 Block In late September 2023, the operator of the CPO-5 block received approval from the re

Board Strengthened with Addition of World-Class Proven Oil and Gas Finders GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced that, based on a final vote count certified by the Inspector of Elections, GeoPark shareholders reelected all the Directors that were standing for reelection to serve a term ending at the 2023 Annual General Meeting of Shareholders. In addition to the five reelected Directors, shareholders elected four new members to the Board. Results of Annual General Meeting The five reelected Directors were elected with a margin of 77% of the votes cast, on average, wit

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, Ecuador, Chile, Brazil and Argentina, today announced that, based on a preliminary vote count by its proxy solicitor, shareholders have overwhelmingly reelected all of GeoPark's highly qualified Directors to serve for a term ending at the 2022 Annual General Meeting of Shareholders. Every GeoPark Director received at least 70.9% of the shares voted, representing 58.8% of the total shares outstanding. The elected Directors are: Sylvia Escovar, Director and Chair James Park, Director, CEO and co-fo

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, Ecuador, Chile, Brazil and Argentina, today announced the availability of proxy materials for the upcoming Annual General Meeting (the "AGM") of the Company to be held on July 15, 2021. These materials have been mailed to shareholders of record as of May 25, 2021 and have also been furnished today with the U.S. Securities and Exchange Commission on a Form 6-K. GeoPark encourages all shareholders to actively take steps to vote their shares. The Company recommends shareholders to vote and submit their

BOGOTA, Colombia--(BUSINESS WIRE)--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, Ecuador, Chile, Brazil and Argentina, today announced its operational update for the three-month period ended December 31, 2020 (“4Q2020”). All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified. Highlights Extending 18-Year Production Growth Track Record and Hitting Production Targets Annual average production of 40,192 boepd in 2020, hitting 40,000-42,000 boepd guidance

GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, announces that its wholly owned subsidiary GeoPark Argentina S.A. ("GeoPark Argentina") has received approval from the Argentinian securities regulator (Comisión Nacional de Valores or "CNV" by its Spanish acronym) to issue up to $500 million in debt securities over the next five years, and has obtained an "AA+(arg)" credit rating from Fitch Ratings' local Argentine affiliate, FIX. Following the acquisition of four unconventional blocks in Vaca Muerta earlier this year1, the key factors contributing to the strong rating assigned to GeoPark Argentin

Appraisal Drilling and Secondary Recovery Support Colombian Production Mata Mora Norte Posts Records GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, announces its operational update for the three-month period ended September 30, 2024 ("3Q2024"). Oil and Gas Production and Operations 3Q2024 consolidated average oil and gas production of 33,2151 boepd, 7% lower than 2Q2024 due to the continued closure of the Manati gas field in Brazil (GeoPark non-operated, 10% WI), performance in the Llanos 34 Block (GeoPark operated, 45% WI) not offsetting the natural base decline, and continued blockades af

Stable Production Underpins Strong Cash Flow Generation Acquisition in Vaca Muerta Effective July 1 Quarterly Cash Dividend of $0.147 Per Share GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended June 30, 2024 ("Second Quarter" or "2Q2024"). A conference call to discuss these financial results will be held on August 15, 2024, at 10:00 am (Eastern Daylight Time). SECOND QUARTER 2024 FINANCIAL SUMMARY In 2Q2024, GeoPark delivered $127.9 million Adjusted EBITDA1, a margin of 67%, and $25.7 million net profit. Quarterl

Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com DENVER, July 29, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver – The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies (listed below). The energy investment community and industry professionals are encouraged to register now for EnerCom Denver, which will take place August 18–21, 2024, at the Westin Denver Downtown. There is no cost to register for the conference

New Quarterly Production Record in CPO-5 Consolidated Pro Forma Production Over 41,000 boepd as of July 1, 2024 GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended June 30, 2024 ("2Q2024"). Oil and Gas Production and Operations 2Q2024 consolidated average oil and gas production of 35,608 boepd, up slightly versus 1Q2024 Production increased 11% in Ecuador and 3% in Colombia, offsetting suspended production at the Manati gas field in Brazil (GeoPark non-operated, 10% WI) due to unscheduled maintenance As of July 1,

Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver DENVER, July 17, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to publish presentation times and schedules for participating companies on the conference website for the 29th Annual EnerCom Denver – The Energy Investment Conference, to be held August 18-21, 2024, at the Westin Denver Downtown. The four-day conference provides investors unparalleled access and networking opportunities, including one-on-one meetings with company management teams. Meetings are limited to qualified investors, incl

EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session Registration for institutional investors, portfolio managers, financial analysts, CIOs, and others in the investment community is free DENVER, June 24, 2024 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that the upcoming EnerCom Denver - The Energy Investment Conference will once again include The Energy Transition and Emerging Technology Session featuring quick-pitch investment pitches from promising start-up energy and technology

Strong Cash Flow Generation and Net Income Quarterly Cash Dividend of $0.147 Per Share GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended March 31, 2024 ("First Quarter" or "1Q2024"). A conference call to discuss these financial results will be held on May 16, 2024, at 10:00 am (Eastern Daylight Time). FIRST QUARTER 2024 SUMMARY In 1Q2024, GeoPark delivered $111.5 million Adjusted EBITDA, an Adjusted EBITDA margin of 67%, and $30.2 million net profit that was 15% higher than in 1Q2023. Quarterly average oil and gas

Existing Production, Reserves and Cash Flow Low-Risk Development Underway With Large Scale Upside Well-Positioned Acreage With Available Infrastructure Proven Unconventional Strategic Partner GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that it has signed an Asset Purchase Agreement with Phoenix Global Resources ("PGR"), a subsidiary of Mercuria Energy Trading ("Mercuria"), for the acquisition of non-operated working interest (WI) in four adjacent unconventional blocks in the Neuquén Basin in Argentina as follows: a 45% WI in each of the Mata Mora Norte producing block

Improved Price Realizations & up to $500 Million Funding GeoPark Limited ("GeoPark" or the "Company") (NYSE:GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces the execution of an offtake and prepayment agreement with Vitol, one of the world's leading energy and commodity companies. The offtake agreement provides for GeoPark to sell and deliver to Vitol a minimum of 20,000 bopd of production from the Llanos 34 Block (GeoPark operated, 45% WI). The agreement improves GeoPark's price realizations by 15 cents (USD) per barrel vs the current agreement, or by 60 cents (USD) per barrel vs the average price realizations from January 2021