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GPRK

GeoPark

$22.07 /

+0.1 (+0.46%)

07:20
01/07/20
01/07
07:20
01/07/20
07:20

GeoPark announces Q4 operational update

GeoPark announced its operational update for Q4. Consolidated oil and gas production was up 8% to 41,786 boepd, or 10% adjusting for divested blocks. Production in Colombia increased by 9% to 33,311 boepd, or 12% increase adjusting for divested blocks. Production in Chile increased by 17% to 3,292 boepd. FY19 average production of 40,046 boepd, 11% higher than 2018 annual average levels, or 13% higher adjusting for divested blocks. Overall oil and gas production grew by 8% to 41,786 boepd in Q4 from 38,741 boepd in Q4 of 2018, due to increased production in Colombia and Chile, partially offset by lower production in Brazil. Oil represented 85% of total reported production compared to 84% in Q4. GeoPark's 2019 work program included 36 gross wells drilled, including development, appraisal and exploration wells. The company is drilling nine new exploration and development wells and testing three wells across its portfolio. The company expects the closing of the Amerisur acquisition this January. New independent reserves certification is expected to be released in early February.

GPRK GeoPark
$22.07 /

+0.1 (+0.46%)

12/23/19 Itau BBA
GeoPark initiated with a Market Perform at Itau BBA
07/26/19
Fly Intel: Top five analyst initiations
07/26/19
GeoPark initiated with a Buy at GMP Securities

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