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Fly News Breaks for September 21, 2017
GPRK
Sep 21, 2017 | 07:10 EDT
Canaccord analyst Jenny Xenos initiated GeoPark with a Buy and a $11.50 price target ahead of potential significant growth and exploration catalysts that could unlock value. The analyst said ten appraisal and development wells are planned at LLA-34 in Q3-Q4, to extend and connect Tigana/Jacana, the company plans to drill one exploration and one development well on the Fell block in Chile in Q3, seven exploration wells are scheduled to be drilled in Argentina in Q3-Q4 by operator Pluspetrol, and management expects to complete its partner search in Peru by year-end, which should drive significant NAV upside.