Welcome to our dedicated page for Geopark news (Ticker: GPRK), a resource for investors and traders seeking the latest updates and insights on Geopark stock.
GeoPark Ltd (NYSE: GPRK) delivers timely updates on its oil and gas exploration activities across Latin America through this centralized news hub. Access official press releases, operational developments, and strategic announcements from the independent energy producer.
This resource provides investors with essential updates including quarterly earnings reports, partnership announcements, and production milestones. Track GeoPark's progress in key markets like Colombia and Brazil through verified updates about reserve expansions, drilling results, and sustainability initiatives.
All content undergoes strict verification to ensure accuracy and relevance for financial decision-making. Discover how GeoPark maintains its position through disciplined risk management and technical expertise in complex geological environments.
Bookmark this page for direct access to primary source materials about GeoPark's operations. Combine these updates with broader market analysis for comprehensive investment research.
GeoPark Limited (GPRK) announced early tender results for its tender offer to purchase up to $255 million of its 6.500% Senior Notes due 2024. As of April 19, 2021, it received valid tenders and consents totaling $334.23 million, surpassing the maximum amount. This secures the necessary consents for proposed amendments to the indenture, expected to be executed shortly. Holders of validly tendered notes will receive a total consideration of $1,050 per $1,000 principal amount. The tender offer is set to expire on May 3, 2021.
GeoPark Limited (NYSE: GPRK) announced a private placement of senior notes amounting to a reopening of $350 million of 5.500% Notes due 2027. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons per Regulation S. Proceeds will fund a cash tender offer for part of its 6.500% Senior Notes due 2024 and for general corporate purposes. The timing and terms depend on market conditions. This press release does not constitute an offer or solicitation in any jurisdiction where it would violate laws.
GeoPark Limited (NYSE: GPRK) reported its operational update for 1Q2021, revealing a consolidated oil and gas production of 38,131 boepd, down 17% from 1Q2020. Major highlights include a 69% production increase in the CPO-5 block, despite a 19% drop in Colombia's overall output. Proven reserves stood at 58.5 mmboe, with a full-year work program budget of $130-150 million aimed at achieving average production of 41,000-43,000 boepd. The company has a strong balance sheet, with $187 million in cash and an ongoing share buyback program.
GeoPark Limited (NYSE: GPRK) announced a tender offer to purchase up to $255 million of its 6.500% Senior Notes due 2024. The offer includes a Consent Solicitation for amendments to the related indenture. The tender offer expires on May 3, 2021, with early tender considerations due by April 19, 2021. Each note holder validly tendering will receive $1,050 in total consideration for each $1,000 principal amount. The amendments aim to align covenants with other debt notes, enhancing operational efficiency.
GeoPark Limited (NYSE: GPRK), a key player in Latin America's oil and gas sector, has filed its Form 20-F for the fiscal year ending December 31, 2020, with the SEC. Shareholders can access this document via the SEC's website or GeoPark's Investor Support section. The company offers hard copies of its audited financial statements upon request. This filing is crucial for transparency and regulatory compliance.
GeoPark Limited (NYSE: GPRK) has declared a quarterly cash dividend of $0.0205 per share, amounting to $1.25 million in total, payable on April 13, 2021. Shareholders of record by March 31, 2021 will be eligible for this dividend. The company aims to ensure strong operational and financial performance along with free cash flow generation while focusing on returning value to its shareholders.
GeoPark Limited (NYSE: GPRK) reported its Q4 2020 and FY2020 financial results, marking an annual average production of 40,192 boepd. Revenue for Q4 was $106.7 million, a 33% decline from the previous year, with a full-year total of $393.7 million. Despite reporting a net loss of $233.0 million for the year, the company achieved free cash flow generation of $77.1 million. GeoPark has a robust cash position of $201.9 million and plans to expand its 2021 work program to $130-150 million, targeting production growth and cost efficiencies.
GeoPark Limited (GPRK) announced its independent oil and gas reserves assessment as of December 31, 2020, certified by DeGolyer and MacNaughton. Key highlights include:
- Proven developed (PD) reserves in Colombia increased by 13% to 48.0 mmboe.
- Proven plus probable (2P) reserves rose by 9% to 141.0 mmboe.
- Net present value (NPV10) of 2P reserves grew 3% to $2.1 billion.
- Reserve replacement ratios achieved 146% for PD and 199% for 2P.
The company emphasizes its low-cost development opportunities and a significant exploration potential in Colombia.
GeoPark Limited (NYSE: GPRK) reported a strong operational update for 4Q2020. The company achieved an annual average production of 40,192 boepd, meeting its guidance of 40,000-42,000 boepd. Quarterly production totaled 39,304 boepd, down 6% from 41,786 boepd in 4Q2019, primarily due to drilling limitations. GeoPark resumed shareholder returns with an extraordinary cash dividend of $1.25 million. The company maintained a robust financial position with $201 million in cash and a flexible work program targeted at continued production growth in 2021.
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