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GPRK

GeoPark

$18.20 /

-0.28 (-1.52%)

07:38
02/04/20
02/04
07:38
02/04/20
07:38

GeoPark announces discovery of new gas field in Fell block in Chile

GeoPark announced the discovery of the new Jauke Oeste gas field in the Fell block in Chile. GeoPark drilled and completed the Jauke Oeste 1 exploration well to a total depth of 9,596 feet. A production test, through different choke sizes, in the Tobifera formation resulted in an average production rate of 4.4M standard cubic feet per day of gas, or or 729 boepd, and 52 bopd of condensate with a wellhead pressure of 3,141 pounds per square inch. Additional production history is required to determine stabilized flow rates of the well and the extent of the reservoir. Surface facilities are in place, the well is in production, and the gas and condensate are already being sold to offtakers. The Jauke Oeste gas field is located approximately 1 km north of the Jauke gas field, which is currently producing approximately 8.4M standard cubic feet per day from two wells, or 1,400 boepd. Jauke and Jauke Oeste gas fields are part of the large Dicky geological structure in the Fell block - opening the potential for multiple development drilling opportunities. Additional exploration activities will be carried out in Chile during Q1 with a focus on oil prospects. GeoPark will be spudding the Leun 1 exploration well in the Flamenco block in February, to be followed by the Huillin 1 exploration well in the Isla Norte block and the Koo 1 exploration well in the Campanario block.

GPRK GeoPark
$18.20 /

-0.28 (-1.52%)

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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