GeoPark Reports 430% 2P Reserve Replacement

TL;DR

GeoPark crushed it: 430% reserve replacement, 12.7yr life, $15.8/share value!

AI Summary

GeoPark Limited announced on November 24, 2025, a significant 2P reserve replacement of 430%. The company also reported an 80% increase in its 2P reserve life index to 12.7 years. The net debt-adjusted 2P value per share was calculated at $15.8, with a finding, development, and acquisition cost of $4.3 per barrel of oil equivalent (BOE).

Why It Matters

This filing indicates strong reserve management and potential future production for GeoPark, suggesting a healthy outlook for the company's assets.

Risk Assessment

Risk Level: low — The filing is a routine operational update and does not contain any negative financial news or significant strategic shifts.

Key Numbers

• 430% — 2P Reserve Replacement (Indicates the company replaced more than four times the amount of oil and gas produced in the period.)
• 12.7 years — 2P Reserve Life Index (Shows the longevity of the company's proven and probable reserves.)
• $15.8 — 2P Value Per Share (Net Debt-Adjusted) (Represents the estimated value of the company's reserves on a per-share basis, adjusted for debt.)
• $4.3 — Finding, Development, and Acquisition Cost (Measures the cost efficiency of adding new reserves.)

Key Players & Entities

• GeoPark Limited (company) — Registrant
• November 24, 2025 (date) — Announcement date
• 430% (dollar_amount) — 2P reserve replacement percentage
• 12.7 years (dollar_amount) — 2P reserve life index
• $15.8 (dollar_amount) — Net debt-adjusted 2P value per share
• $4.3 (dollar_amount) — Finding, development, and acquisition cost per BOE

FAQ

Key Financial Figures

• $15.8 — VALUE PER SHARE (NET DEBT-ADJUSTED) OF $15.8 2P FINDING, DEVELOPMENT, AND ACQUISIT
• $4.3 — G, DEVELOPMENT, AND ACQUISITION COST OF $4.3 PER BOE Bogota, Colombia – Nove
• $1.3 billion — Share · 2P NPV10 After Tax of $1.3 billion · Net debt-adjusted 2P NPV10 A

Filing Documents

• dp237848_6k.htm (6-K) — 55KB
• image_002.jpg (GRAPHIC) — 12KB
• 0000950103-25-015187.txt ( ) — 72KB

forward-looking statements

forward-looking statements. Gas quantities estimated herein are reserves to be produced from the reservoirs, available to be delivered to the gas pipeline after field separation prior to compression. Gas reserves estimated herein include fuel gas. Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding. Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. All evaluations of future net revenue contained in the D&M Reports are after the deduction of cash royalties, development costs, operating expenses, production and profit taxes, fees, earn out payments, well abandonment costs, and country income taxes from the future gross revenue. It should not be assumed that the estimates of future net revenues presented in the tables represent the fair market value of the reserves. The actual production, revenues, taxes and development, and operating expenditures with respect to the reserves associated with the Company's properties may vary from the information presented herein, and such variations could be material. In addition, there is no assurance that the forecast price and cost assumptions contained in the D&M Report will be attained, and variances could be material. CAUTIONARY This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements con

Forward-looking statements

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 NPV10 After Tax, our reserves, drilling program for 2026, expected production guidance and shareholder returns. 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 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 the Company’s filings with the U.S. Securities and Exchange Commission (SEC). This press release contains a number of oil and gas metrics, including NPV after tax per share, reserve life index, net debt-adjusted NPV per share, etc., which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional measures to evaluate the Company's performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods. Information about oil and gas reserves: The SEC permits oil and gas companies, in their filings with the SEC, to disclo

View Full Filing

View this 6-K filing on SEC EDGAR