O'Shaughnessy Amends GeoPark Stake Filing
Ticker: GPRK · Form: SC 13D/A · Filed: Mar 15, 2024 · CIK: 1464591
| Field | Detail |
|---|---|
| Company | Geopark LTD (GPRK) |
| Form Type | SC 13D/A |
| Filed Date | Mar 15, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-activity
TL;DR
O'Shaughnessy updated his GeoPark stake filing on 3/13/24. Watch for details.
AI Summary
Gerald E. O'Shaughnessy has amended his Schedule 13D filing for GeoPark Limited, reporting a change in beneficial ownership as of March 13, 2024. The filing indicates a shift in his stake in the company, though specific new ownership percentages or dollar amounts are not detailed in this excerpt. The amendment is filed under the Securities Exchange Act of 1934.
Why It Matters
This filing signals a potential change in control or significant shareholder activity for GeoPark Limited, which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant shareholder activity that can lead to volatility or strategic shifts in a company.
Key Numbers
- 20240313 — Date of Event (Date requiring this filing amendment)
Key Players & Entities
- GeoPark Limited (company) — Subject Company
- Gerald E. O'Shaughnessy (person) — Filing Person
- GLOBE RESOURCES GROUP, INC. (company) — Group Member
- GP INVESTMENTS LP (company) — Group Member
- GPK HOLDINGS LLC (company) — Group Member
FAQ
What specific change in beneficial ownership is Gerald E. O'Shaughnessy reporting for GeoPark Limited?
The provided excerpt does not specify the exact percentage or number of shares that constitute the change in beneficial ownership, only that an amendment to the Schedule 13D filing was made.
What is the CUSIP number for GeoPark Limited's Common Stock?
The CUSIP number for GeoPark Limited's Common Stock is G38327105.
Who is authorized to receive notices and communications for this filing?
Gerald E. O'Shaughnessy, with an address at 8301 E. 21st Street North, Suite 420, Wichita, Kansas 67206, and telephone number 316-630-0247, is authorized to receive notices and communications.
What is the business address of GeoPark Limited?
GeoPark Limited's business address is CALLE 94 NO. 11-30 8 PISO, BOGOTA.
What is the SIC code for GeoPark Limited?
The Standard Industrial Classification (SIC) code for GeoPark Limited is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 1,951 words · 8 min read · ~7 pages · Grade level 8.1 · Accepted 2024-03-15 16:01:25
Key Financial Figures
- $0.001 — imited (Name of Issuer) Common Stock, $0.001 Par Value Per Share (Title of Class of
Filing Documents
- tm248906d1_sc13da.htm (SC 13D/A) — 68KB
- 0001104659-24-034987.txt ( ) — 69KB
Security and Issuer
Item 1. Security and Issuer The class of equity securities to which this statement relates is the common stock, $0.001 par value per share (the “ Common Stock ”), of GeoPark Limited, an exempted company incorporated under the laws of Bermuda (“ GeoPark Limited ” or the “ Issuer ”). The principal executive offices of GeoPark Limited are located at Calle 94 N° 11-30 8° piso, Bogota, Colombia.
Identity and Background
Item 2. Identity and Background (a) This statement is jointly filed by Gerald E. O’Shaughnessy, GP Investments LLP, GPK Holdings, LLC and The Globe Resources Group, Inc. (the “ Reporting Persons ”). (b) The address of the principal business and the principal office of each of the Reporting Persons is 8301 E. 21st Street North, Suite 420, Wichita, Kansas 67206, USA. (c) Mr. O’Shaughnessy is employed by, and Manager of, Lario Enterprises, LLC. (d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, U.S. federal or state securities laws or finding any violation with respect to such laws. (f) Mr. O’Shaughnessy is a citizen of the United States of America.
Source and Amount
Item 3. Source and Amount of Funds or Other Consideration The 2,793,392 shares of Common Stock beneficially owned by the Reporting Persons were acquired from the Issuer in connection with the Issuer’s original formation, through open market transactions on the New York Stock Exchange, as dividend payments on the Common Stock and as director compensation from the Issuer. Mr. O’Shaughnessy did not acquire ownership of any shares of Common Stock with borrowed funds.
Purpose of Transaction
Item 4. Purpose of Transaction The Reporting Persons hold their securities of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Persons may, from time to time, acquire additional shares and/or retain and/or sell all or a portion of the shares held by the Reporting Persons in the open market or in privately negotiated transactions. The Reporting Persons intend to evaluate on an ongoing basis this investment in the Issuer and options with respect to such investment. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons’ review of numerous factors, including, among other things, the price levels of the shares, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, and other future developments. The Reporting Persons reserve the right to change their purpose and to formulate and implement plans or proposals with respect to the Issuer at any time and from time to time. Any such action may be made by the Reporting Persons alone or in conjunction with other stockholders and/or other third parties and could include one or more purposes, plans or proposals that relate to or would result in actions required to be reported herein in accordance with Item 4 Schedule 13D. CUSIP No. G38327105 13D Page 7 of 9 Pages
Interest in Securities
Item 5. Interest in Securities of the Issuer (a) Beneficial ownership: (i) Amount: Please refer to Item 11 on each cover sheet for each Reporting Person. Each of the Reporting Persons is controlled by Mr. O’Shaughnessy, who indirectly has voting and dispositive power over the reported shares set forth in Item 11 on the cover sheet for each Reporting Person. As of March 13, 2024, 2,700,000 shares over which Mr. O’Shaughnessy has direct or indirect voting or dispositive power have been pledged pursuant to lending arrangements. (ii) Percent of class: Please refer to Item 11 on each cover sheet for each of the Reporting Persons. The percentages reported herein are based on the shares outstanding as of December 31, 2023. (b) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Please refer to Item 7 on each cover sheet for each Reporting Person. CUSIP No. G38327105 13D Page 8 of 9 Pages (ii) Shared power to vote or to direct the vote: Please refer to Item 8 on each cover sheet for each Reporting Person. (iii) Sole power to dispose or to direct the disposition of: Please refer to Item 9 on each cover sheet for each Reporting Person. (iv) Shared power to dispose or to direct the disposition of: Please refer to Item 10 on each cover sheet for each Reporting Person. (c) The Reporting Persons have entered into the following transactions in securities of the Issuer during the past 60 days. Date Number of Shares Price per Share 2/29/24 285,000 8.58 3/11/24 50,000 9.35 3/12/24 100,000 9.31 3/13/24 300,000 9.38 The seller for each transaction was GPK Holdings, LLC and each transaction was effected by a broker in the public market. (d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of GeoPark Limited reported herein. (e) Not applicable.
Contracts, Arrangements,
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer On June 17, 2021, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer. CUSIP No. G38327105 13D Page 9 of 9 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Gerald E. O’Shaughnessy Gerald E. O’Shaughnessy March 13, 2024 GP INVESTMENTS LLP /s/ Gerald E. O’Shaughnessy Gerald E. O’Shaughnessy March 13, 2024 GPK HOLDINGS, LLC /s/ Gerald E. O’Shaughnessy Gerald E. O’Shaughnessy March 13, 2024 THE GLOBE RESOURCES GROUP, INC. /s/ Gerald E. O’Shaughnessy Gerald E. O’Shaughnessy March 13, 2024