reports
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
- Lorena Reich
- Stephane Foucaud
AUCTUS ON FRIDAY - 07/03/2025
GeoPark (GPRK US)C; Target price of US$17 per share: Four new exploration wells at Confluencia Sur – The FY24 production had been reported previously. Gross production in Argentina is approximately 15,000 boe/d and is expected to increase to around 16,000-17,000 boe/d by the end of 2025. The acquisition of the Argentinian assets is anticipated to be completed in late 1Q25 or early 2Q25 pending the regulatory approval of the Neuquen province. While the test results at the three wells drilled at C...
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Four new exploration wells at Confluenci...
• The FY24 production had been reported previously. • Gross production in Argentina is approximately 15,000 boe/d and is expected to increase to around 16,000-17,000 boe/d by the end of 2025. • The acquisition of the Argentinian assets is anticipated to be completed in late 1Q25 or early 2Q25 pending the regulatory approval of the Neuquen province. • While the test results at the three wells drilled at Confluencia Norte in 2024 exceeded expectations, no reserves were booked for this area in 2024...
- Filipe Botelho
- Lorena Reich
GeoPark Reports Fourth Quarter and Full-Year 2024 Results
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, reports its consolidated financial results for the three-month period ended December 31, 2024 (“Fourth Quarter” or “4Q2024”) and for the year ended December 31, 2024 (“Full Year” or “FY2024”). A conference call to discuss these financial results will be held on March 6, 2025, at 10:00 am (Eastern Standard Time). FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL SUMMARY GeoPark’s 4Q2024 and FY2024 result...
- Stephane Foucaud
AUCTUS ON FRIDAY - 28/02/2025
AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: 2nd success at bypassed carbonate formation intervals boosts production to >12 mboe/d - Condor has successfully perforated and brought online bypassed carbonate formations at a second well. As a result, production has increased from 11,455 boe/d reported last week to an average of 12,004 boe/d over the last six days. Using a combination of legacy data and reprocessed 3-D seis...
GTE GRAN TIERRA ENERGY
GPRK GEOPARK
CVX CHEVRON CORPORATION
ENI ENI S.P.A.
ALVOF ALVOPETRO ENERGY LTD
SEI. SINTANA ENERGY
CASP CASPIAN SUNRISE
PEN PANORO ENERGY ASA
SQZ SERICA ENERGY
AOI AFRICA OIL CORP
KOS KOSMOS ENERGY LTD.
ORC/B ORCA EXPLORATION GROUP CL B
JSE JADESTONE ENERGY
CRCL CORCEL
PXEN PROSPEX ENERGY PLC
ATOM ATOME ENERGY PLC
IGAS IGAS ENERGY PLC
J4V VAR ENERGI ASA
BP. BP PLC
HEVI HELIUM EVOLUTION
CDR INC. (HEVI)
CNECN CONDOR ENERGIES INC
CANACOL
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Reserves in Colombia down but ahead of o...
• YE24 2P reserves excluding Argentina were estimated at 87.6 mmboe. After deducting 12.4 mmboe of production in 2024, the 2P reserves have reduced by 15.1 mmboe. • As anticipated, the primary driver of the reserves reduction is associated with Colombia, with YE24 2P reserves at 84.8 mmboe, down from 106.4 mmboe at YE23. • The YE24 2P reserve position in Colombia is ~12 mmboe ahead of what we carry in our model. We value Llanos-34, Llanos-32, and CPO-5 assuming a production blowdown, with natura...
GeoPark Announces Pro Forma 2P Reserve Replacement of 480%
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, today announced its independent oil and gas reserves assessment1, certified by D&M under PRMS methodology, as of December 31, 2024. The Company’s 2024 year-end reserves, related net present values, and other information included in this press release incorporate pro forma figures reflecting the acquisition of four unconventional hydrocarbon blocks in Vaca Muerta, Argentina. This acquisition became...
GeoPark Successfully Completes a $550 Million Notes Offering and Refin...
BOGOTÁ, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announced today that it has completed a notes offering of an aggregate principal amount of $550.0 million senior notes due 2030 (“Notes due 2030”). GeoPark has used a portion of the net proceeds from the notes offering to repurchase $405.3 million of the Company’s outstanding senior notes due 2027 (“Notes due 2027”) tendered by holders in a concurrent tender offer and intends to repay with the remai...
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
GeoPark Limited Prices Offering of U.S.$550,000,000 8.750% Senior Note...
BOGOTÁ, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the pricing of U.S.$550,000,000 aggregate principal amount of 8.750% senior notes due 2030 (the “Notes”). The Notes were offered in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes will be fully and unconditi...
- Stephane Foucaud
AUCTUS ON FRIDAY - 24/01/2025
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Historic permit award in Italy opens a new growth area - ADX has been offered and accepted the “d 363 C.R-.AX” permit in the Sicily Channel, offshore Italy, covering a maximum area of 346 km2. ADX applied for the permit in 2018, but the moratorium on awarding new exploration blocks in Italy was only lifted last year. ADX will become a licensed operator in Italy as well as Austria ...
GPRK GEOPARK
EGY VAALCO ENERGY INC.
SEY STERLING ENERGY PLC
ENW ENWELL ENERGY
IOX INTEROIL EXPLORATION & PRODUCTION ASA
PANR PANTHEON RESOURCES
ENQ ENQUEST PLC
SAVE SAVANNAH ENERGY
SQZ SERICA ENERGY
PHAR PHAROS ENERGY
NTOG NOSTRA TERRA OIL & GAS COMPANY
GKP GULF KEYSTONE PETROLEUM LTD.
ENOG ENERGEAN PLC
ZPHR ZEPHYR ENERGY
OKEA OKEA
JSE JADESTONE ENERGY
HBR HARBOUR ENERGY PLC
CEQ CRITERIUM ENERGY LTD.
PRD PREDATOR OIL & GAS HOLDINGS PLC
ADX ADX ENERGY LTD
J4V VAR ENERGI ASA
SHELL ROYAL DUTCH SHELL
HEX HELIX EXPLORATION PLC
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Low 2025 production on strategy shift bu...
• 4Q24 production was 31,489 boe/d. Excluding Argentina (as the acquisition has not completed yet), this is ~1.4 mboe/d below our forecasts. The shortfall is primarily due to CPO-5, which experienced more blockades than anticipated, resulting in actual production of 6.4 mbbl/d compared to our expectation of 7.5 mbbl/d. • The highlight of the 4Q24 operating update is the 50% increase in net 2P reserves at Mata Mora as of the end of June, reaching ~75 mmboe compared to 49 mmboe. We believe this co...
GeoPark Announces Proposed Offering of Senior Notes
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced that it intends to offer senior notes (the “Notes”), guaranteed by certain subsidiaries of the Company, in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The timing of pricing and terms of the Notes are subject to ma...
GeoPark Announces Fourth Quarter 2024 Operational Update
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces its operational update for the three-month period ended December 31, 2024 (“4Q2024”). Oil and Gas Production and Operations 4Q2024 consolidated average oil and gas production of 31,489 boepd,1 5% lower than 3Q2024 due to blockades affecting operations in the Llanos 34 (GeoPark operated, 45% WI) and CPO-5 (GeoPark non-operated, 30% WI) blocks in Colombia Annual average oil and gas p...
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
GeoPark Announces 2025 Work Program
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces its 2025 Work Program (the “Program”), approved by the Board of Directors. The Program is designed to deliver increasing value to its shareholders through disciplined capital allocation, operational excellence, and sustainable growth. The Program integrates and responds to the following key principles of GeoPark’s “North Star” strategy: Highly Profitable, Dependable and Sustainable - ...
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