GeoPark Limited reports news on its Latin American oil and gas exploration and production portfolio, centered on continuing operations in Colombia and Argentina. Updates cover production and drilling in the Llanos 34, CPO-5 and Llanos 123 blocks, waterflooding activity in Colombia, and development work in Vaca Muerta assets including Loma Jarillosa Este and Puesto Silva Oeste.
Company news also includes quarterly financial results, realized pricing, hedging and cash flow trends, debt and liquidity actions, portfolio acquisitions and divestitures, strategic equity investment, and shareholder-governance matters involving board nominations and capital allocation.
GeoPark (GPRK) received the required consents from holders of its 8.750% senior notes due 2030 on September 23, 2026. Holders of a majority of eligible note principal consented to adding Jaime Gilinski Bacal and specified family members and affiliates to the indenture’s definition of “Permitted Holders.”
The change relates to GeoPark’s proposed acquisition of Grupo Gilinski’s 95% interest in the holding company for the Bare field opportunity. GeoPark would issue new shares in exchange; the transaction has not closed and remains subject to conditions. Grupo Gilinski is expected to own approximately 56.3% of GeoPark after the issuance. GeoPark expects to execute the amended indenture and pay eligible consenting holders $2.50 per $1,000 of note principal on September 29. The amendment will become operative only after the fee is paid in full.
GeoPark (GPRK) has launched a consent solicitation for holders of its 8.750% Senior Notes due 2030 to approve an amendment to the Indenture's “Permitted Holders” definition, adding Jaime Gilinski Bacal and related persons and affiliates. This follows Grupo Gilinski’s recent purchase of about 28% of GeoPark’s common shares and a pending share-for-interest transaction that is expected to raise its stake to about 56.3% on completion. Under the Indenture, if a Change of Control occurs, GeoPark must offer to purchase all outstanding Notes, but a transaction resulting in a Permitted Holder owning over 50% generally does not trigger this. The solicitation runs until 5:00 p.m. New York City time on September 23, 2026, requires majority consents by principal amount, and offers a cash fee of $2.50 per $1,000 principal to eligible holders who validly consent before expiration.
GeoPark (GPRK) announced a strategic entry into Venezuela via the Bare Block, a large brownfield heavy oil asset in the Orinoco Belt, through a 25‑year Production Participation Contract (CPP) with PPSA, led and structured with Grupo Gilinski.
GeoPark will operate the field with a 65% working interest, funding 100% of capex and holding direct commercialization rights. Bare has ~15.7 billion barrels of original oil in place, ~1,100 existing wells and current gross production of ~11,000 bopd, with peak potential of 85,000–95,000 bopd and over 10 years of potential plateau production at 55,000–62,000 bopd net to GeoPark. The CPP redevelopment plan targets ~400 million barrels of cumulative net production for GeoPark, lifting the recovery factor from 4–5% to 8–9%.
GeoPark is acquiring 95% of the CPP Holdco from Grupo Gilinski for 42.1 million new shares at US$12.22 per share, a 26% premium to the 30‑day VWAP, implying about US$160 million of value, or US$1.5 per share of immediate accretion. Upon completion, Grupo Gilinski is expected to own ~56.3% of GeoPark, potentially rising to ~58.4% if up to 5.4 million extra shares are issued. A US$100 million tender offer at US$12.22 per share will provide liquidity to other shareholders. Pro forma guidance indicates potential 2029–2030 net production of 70,000–83,000 boepd and adjusted EBITDA of US$925–1,300 million, with net debt to EBITDA trending to 0.0–0.5x.
GeoPark (NYSE:GPRK) reported 2Q2026 revenue of $143.3 million, up from $128.4 million in 1Q2026, driven by an average Brent price of $96.9/bbl and a higher combined realized price of $67.2/boe. Average production from Colombia and Argentina was broadly stable at 27,271 boepd.
Adjusted EBITDA reached $73.1 million (51% margin), while operating profit was $40.8 million and net profit $14.0 million. Operating costs increased to $17.9/boe, and 2Q2026 revenue reflected a $41.2 million loss from commodity risk management contracts. Capex rose to $76.4 million, mainly for Vaca Muerta and Colombian development. GeoPark generated operating cash flow of $108.4 million, lifting cash to $316.3 million and reducing net debt to $317.8 million (1.2x net leverage, no principal maturities until January 2027). The Board declared a quarterly dividend of $0.023 per share (~$1.5 million) and approved a streamlined committee structure, appointing James F. Park as Board Chair and CEO Felipe Bayon as Vice Chair.
GeoPark (NYSE:GPRK) reported 2Q2026 average production of 27,271 boepd, essentially flat versus 1Q2026 and 2Q2025, with 8 rigs active and solid safety performance (zero LTI, TRI and Tier 1 events). Colombia delivered 25,871 boepd, while Argentina contributed 1,400 boepd.
In Colombia, Llanos 34 averaged 15,697 boepd net, supported by secondary recovery, and Llanos 123 grew 57.9% year-on-year to 3,171 boepd net. CPO-5 output rose 0.4% quarter-on-quarter. In Argentina’s Vaca Muerta, GeoPark drilled three horizontal wells on Pad 1030 and advanced a 218-stage fracturing program, and secured approval of the Loma Jarillosa Este environmental impact assessment.
The Company signed a three-year drilling rig contract with Helmerich & Payne and midstream agreements with Pan American Energy through December 31, 2027, and applied under Argentina’s RIGI program to support over $1 billion of planned Vaca Muerta investment. Transportation via the OBA pipeline in Putumayo was reactivated. At the July 14, 2026 AGM, all resolutions passed with over 99% support and Ernst & Young Audit S.A.S. was appointed auditor.
GeoPark (NYSE: GPRK) published its 2025 SPEED/Sustainability Report highlighting operational resilience, a return to growth and decarbonization progress.
Key metrics: production 28,233 boe/d (above 2025 guidance), 35% emissions intensity reduction over five years, 86% methane cut in Llanos 34, ~US$70M energy savings, and US$10.4M invested in social/environmental programs.
GeoPark (NYSE: GPRK) reported 1Q2026 results with revenue of $128.4M, Adjusted EBITDA of $71.3M (56% margin) and average production of 27,249 boepd. Cash was $274.9M and net debt $333.1M (leverage 1.3x). ROACE was 19%. The Board declared a quarterly dividend of $0.023 per share and announced a dividend suspension starting with 3Q2026 while pursuing strategic priorities including Grupo Gilinski’s new 20% investment.
GeoPark (NYSE: GPRK) reported an operational update for 1Q2026 with consolidated production of 27,249 boepd from continuing operations and 9 rigs active (4 drilling, 5 workover).
Key operational highlights include waterflooding contributing 6,535 boepd gross in Llanos 34, initiation of drilling in Argentina's Loma Jarillosa Este, and a $60.4/bbl combined realized price in 1Q2026.
GeoPark (NYSE: GPRK) filed its Form 20-F for the fiscal year ended December 31, 2025 with the SEC on March 31, 2026. Investors can access the filing on the SEC website or the company Invest with Us page, and request a free hard copy of audited financial statements from Investor Relations.
GeoPark (NYSE: GPRK) announced it will not raise its offer for Frontera Energy’s Colombian E&P assets, prioritizing capital discipline and balance sheet flexibility. The Board said an increased price would hurt portfolio-level returns and resilience under lower oil prices. GeoPark expects Colombia to remain a core cash generator and plans to scale Vaca Muerta toward ~20,000 boepd gross by 2028, with projected gross Adjusted EBITDA of US$300–350 million at US$70/bbl Brent. GeoPark will receive a $75 million escrow return plus interest and a $25 million breakup fee.