GeoPark Q1 Update: Production Surges Past 38,000 BOEPD

TL;DR

GeoPark Q1 production CRUSHES expectations, hitting over 38k BOEPD thanks to Llanos 34 & CPO-5!

AI Summary

GeoPark Limited announced its First Quarter 2024 Operational Update on April 25, 2024. The company reported strong production performance in its Llanos 34 and CPO-5 blocks, driving current production to over 38,000 BOEPD. This update highlights the company's operational achievements during the first three months of 2024.

Why It Matters

This operational update indicates GeoPark's successful production growth, which could positively impact its financial performance and investor confidence.

Risk Assessment

Risk Level: low — This is a routine operational update and does not contain significant new financial or strategic information that would inherently increase risk.

Key Numbers

• 38,000 BOEPD — Current Production (Represents the company's strong output driven by key blocks.)

Key Players & Entities

• GeoPark Limited (company) — Registrant and reporting company
• April 25, 2024 (date) — Date of the press release and filing
• 38,000 BOEPD (dollar_amount) — Current production level reported
• Llanos 34 (company) — Production block contributing to strong performance
• CPO-5 (company) — Production block contributing to strong performance

FAQ

Key Financial Figures

• $150 — organic capital expenditures program of $150-200 million to drill 35-45 gross wells

Filing Documents

• dp210319_6k.htm (6-K) — 61KB
• image_001.jpg (GRAPHIC) — 6KB
• 0000950103-24-005758.txt ( ) — 71KB

Forward-looking statements that appear in a number

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including, drilling campaign, production guidance and capital expenditures. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.

Forward-looking statements speak only as of the

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC). Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained by dividing total production by 365 days. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. GeoPark Limited By: /s/ Jaime Caballero Uribe Name: Jaime Caballero Uribe Title: Chief Financial Officer Date: April 25, 2024

View Full Filing

View this 6-K filing on SEC EDGAR