reports
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Success at Confluencia Norte: material r...
• The three exploration wells at Confluencia Norte in Argentina are now in production with an aggregate gross flow rate of 4 mbbl/d (Geopark WI: 50%). The wells are still cleaning-up and production is increasing towards its peak within 90 days. • This is a very good result that derisks the area where no reserves have been booked so far. We understand that the performance of the wells currently tracks GeoPark’s P10 case. • We are increasing our expected total YE24 WI production for GeoPark in Arg...
GeoPark Announces Exploration Success at Confluencia Norte
BUENOS AIRES, Argentina--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, is pleased to announce the successful start of production in the Confluencia Norte Block (GeoPark non-operated, 50% WI) in Rio Negro, Argentina. This marks a major de-risking achievement in GeoPark’s partnership with Phoenix Global Resources (“PGR”) in the Vaca Muerta formation. The Confluencia Norte Block recently completed its first pad of three unconventional wells, which began production in mid-October...
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
Lucror Analytics - Morning Views Latam
In today's Morning Views publication we comment on developments of the following high yield issuers: Frontera Energy, Aegea, Braskem, YPF, Petrobras, Millicom, Iochpe-Maxion, Canacol, Geopark, Rumo, C&W Communications, Telecom Argentina, Minerva, LATAM Airlines, Aeromexico, Movida
- Stephane Foucaud
AUCTUS ON FRIDAY - 01/11/2024
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.70 per share: Approvals to start well testing at Welchau received. Rig and test equipment mobilized – All necessary approvals have been received to commence flow testing operations on the Welchau-1 discovery well for the period from 30 October 2024 until 31 March 2025. A workover rig has been mobilised to the Welchau-1 drill site with flow testing due to commence during the second half of Novem...
GPRK GEOPARK
A2PAZ7 TETHYS PETROLEUM
SEY STERLING ENERGY PLC
ENI ENI S.P.A.
PXT PAREX RESOURCES INC.
ALVOF ALVOPETRO ENERGY LTD
PEN PANORO ENERGY ASA
SNM SHAMARAN PETROLEUM CORP.
VLE VALEURA ENERGY INC.
EME EMPYREAN ENERGY
DNO DNO ASA CLASS A
XOM EXXON MOBIL CORPORATION
FEC FRONTERA ENERGY CORP
KOS KOSMOS ENERGY LTD.
ORC/B ORCA EXPLORATION GROUP CL B
HBR HARBOUR ENERGY PLC
PRD PREDATOR OIL & GAS HOLDINGS PLC
PLSR CN PULSAR HELIUM INC.
ADX ADX ENERGY LTD
CNECN CANACOL
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Strong 3Q24 financials. Flow rates at Co...
• 3Q24 production of 33,215 boe/d had already been reported. • 3Q24 operating cash flow of ~US$126 mm was particularly high. Netting off a positive working capital movement of US$32 mm, the adjusted operating cash flow of US$94 mm is well above our forecast of US$65 mm. • In Argentina, the IP rates of the three exploration wells at Confluencia Norte are expected in the coming days. This is very material news and this could allow GeoPark to start converting some of the 39 mmbbl net 3C resources...
GeoPark Updates Conference Call Details for Third Quarter Results
BOGOTA, Colombia--(BUSINESS WIRE)-- GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, updates its conference call and webcast details for the three-month period ended September 30, 2024 (“3Q2024”). Conference Call and Webcast Details for 3Q2024 Results Release GeoPark management will host a conference call on November 7, 2024, at 10:00 am (Eastern Standard Time) to discuss the 3Q2024 financial results. To listen to the call, participants can access the webcast located in the Invest with Us section...
- Filipe Botelho
- Josseline Jenssen
- Lorena Reich
Lucror Analytics - Morning Views Latam
In today's Morning Views publication we comment on developments of the following high yield issuers: GOL, Gerdau, Geopark, CSN, MercadoLibre, SierraCol, Pampa Energia, Cencosud, Minerva, LATAM Airlines, C&W Communications, YPF Luz, Iochpe-Maxion, Aegea, Braskem, Eletrobras
GeoPark Reports Third Quarter 2024 Results
BOGOTA, Colombia--(BUSINESS WIRE)-- 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 September 30, 2024 (“Third Quarter” or “3Q2024”). A conference call to discuss these financial results will be held on November 7, 2024, at 10:00am (Eastern Standard Time). THIRD QUARTER 2024 FINANCIAL SUMMARY In 3Q2024, GeoPark delivered solid financial performance with $99.8 million Adjusted EBITDA,1 a margin of 63% and $25.1 million ne...
- Stephane Foucaud
AUCTUS ON FRIDAY - 25/10/2024
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price A$0.75 per share: Welchau test to start on 4th of November. LICHT well to reach main target next week – MCF Energy (the partner of ADX at Welchau) has announced that the well test at Welchau is expected to start on 4th of November. The initial well test results could also be available during November. The full well test operations will last much longer given that there are multiple zones to test. Our...
SEPL SEPLAT PETROLEUM DEVELOPMENT COMPANY
GPRK GEOPARK
ENI ENI S.P.A.
SEI. SINTANA ENERGY
KAR KAROON GAS AUSTRALIA LTD.
PEN PANORO ENERGY ASA
ENQ ENQUEST PLC
DELT DELTIC ENERGY
OKEA OKEA
BWE BW ENERGY
TAO TAG OIL LTD
PXOG PROSPEX OIL & GAS
LBE LONGBOAT ENERGY PLC
ADX ADX ENERGY LTD
J4V VAR ENERGI ASA
CDR CONDOR ENERGIES INC
GeoPark Argentina Obtains AA+(arg) Credit Rating and Approval From Arg...
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 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...
- Stephane Foucaud
AUCTUS ON FRIDAY - 11/10/2024
AUCTUS PUBLICATIONS ________________________________________ GeoPark (GPRK US)C; Target price US$26 per share: Downtime and blockades continue to impact production. All eyes on Argentina – 3Q24 production was 33,215 boe/d with production in Colombia still impacted by downtime and blockades (we expected 34.6 mboe/d). Production at Llanos-34 continues to decline. Production in Brazil remains shut-in. GeoPark had highlighted these downside risks in August. This was partially offset by (1) high prod...
GPRK GEOPARK
A2PAZ7 TETHYS PETROLEUM
OMV OMV AG
PXT PAREX RESOURCES INC.
REP REPSOL SA
ALVOF ALVOPETRO ENERGY LTD
MATD PETRO MATAD
GKP GULF KEYSTONE PETROLEUM LTD.
ZPHR ZEPHYR ENERGY
TAL PETROTAL (TAL)
PNOR PETRONOR E&P LTD
PLSR CN PULSAR HELIUM INC.
J4V VAR ENERGI ASA
SHELL ROYAL DUTCH SHELL
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Donwtime and blockades continue to impac...
• 3Q24 production was 33,215 boe/d with production in Colombia still impacted by downtime and blockades (we expected 34.6 mboe/d). Production at Llanos-34 continues to decline. Production in Brazil remains shut-in. GeoPark had highlighted these downside risks in August. • This was partially offset by (1) high production of 1,581 boe/d from Llanos Exploration (Llanos 87 and 123), mainly driven by the Toritos 2 and the Toritos Norte wells and (2) increasing production in Ecuador (1,786 boe/d). • W...
GeoPark Announces Third Quarter 2024 Operational Update
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 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 de...
- Stephane Foucaud
AUCTUS ON FRIDAY - 16/08/2024
AUCTUS PUBLICATIONS ________________________________________ Criterium Energy (CEQ CN)C; Target price C$0.35 per share: New drilling expected to start in September – A drilling rig is scheduled to be mobilized to site in August. The two-well infill program, targeting a previously undrilled section of the MGH Field, is anticipated to commence in early September with the wells expected to come on production in early November at a forecasted combined rate of 300 bbl/d. While this is a bit later tha...
GTE GRAN TIERRA ENERGY
GPRK GEOPARK
TXP TOUCHSTONE EXPLORATION
VLE VALEURA ENERGY INC.
DNO DNO ASA CLASS A
XOM EXXON MOBIL CORPORATION
DGOC DIVERSIFIED GAS & OIL
AOI AFRICA OIL CORP
ZPHR ZEPHYR ENERGY
SENX SERINUS ENERGY
I3E I3 ENERGY
CEQ CRITERIUM ENERGY LTD.
PLSR CN PULSAR HELIUM INC.
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Strong financials on low cash tax. FY24 ...
• 2Q24 production of 35,608 boe/d had been already reported. • Production in Brazil has not been restored yet and is expected to restart only at the end of October. In light of (1) the longer than expected shutdown and uncertain restart date in Brazil (FY23 production was ~1 mboe/d) and (2) increased frequency and duration of blockades around the operations in Colombia, there is a downside risk of 1.5-2.5 mboe/d to the FY24 production guidance of 35.5-39 mboe/d (excluding Argentina and the contr...
GeoPark Reports Second Quarter 2024 Results
BOGOTA, Colombia--(BUSINESS WIRE)-- 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. Quarterly average oil ...
- Stephane Foucaud
AUCTUS ON FRIDAY - 26/07/2024
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target of A$0.75 per share: Diversified and high impact newsflow over the balance of 2024 – ADX has confirmed a very busy programme of activity from September. The overall unrisked value of the programme is ~A$1.70 per share, which represents 17x the current share price. In early September, ADX will drill the Anshof-2A side track. The well is expected to intersect thick Eocene reservoirs similar to that encountere...
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
EOG EUROPA OIL & GAS (HOLDINGS) PLC
GPRK GEOPARK
MSMN MOSMAN OIL AND GAS
ENI ENI S.P.A.
REP REPSOL SA
KAR KAROON GAS AUSTRALIA LTD.
PANR PANTHEON RESOURCES
CHAR CHARIOT OIL & GAS
ZPHR ZEPHYR ENERGY
TRIN TRINITY EXPLORATION & PRODUCTION
WDS WOODSIDE PETROLEUM LTD
ATOM ATOME ENERGY PLC
SEAPT NO SEACREST PETROLEO BERMUDA - SEAPT NO
ADX ADX ENERGY LTD
J4V VAR ENERGI ASA
TCF TRILLION ENERGY INTERNATIONAL INC
- Stephane Foucaud
GeoPark Limited (NYSE: GPRK): Strong performance in Argentina
• 2Q24 production was 35,608 boe/d, which is in line with 2Q24 but below April production of ~37.5 mboe/d, as the company has experienced sporadic blockades and weather-associated flooding at Llanos 34. As a result production in Colombia was only 33,956 boe/d (we forecasted 35.5 mboe/d). The waterflood programme now generates 3.7 mbbl/d. • GeoPark’s new Argentinian asset is performing very well with current WI production of 5.7 mboe/d with the Mata Mora Norte 2223 well producing 2,136 boe/d gros...
GeoPark Announces Second Quarter 2024 Operational Update
BOGOTA, Colombia--(BUSINESS WIRE)-- 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 maintenan...
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