Stephan Foucaud's questions to GeoPark Ltd (GPRK) leadership • Q3 2024
Question
Stephan Foucaud submitted written questions asking for current production, the directional outlook for 2P reserves at Llanos 34, potential for 2025 production growth in Ecuador, and operational updates on the Bienparado Norte 1, Cante Flamenco, Toritos, and Curucucu wells.
Answer
Executive Rodolfo Terrado provided a comprehensive update. He projected full-year Llanos 34 net production at 22,000-23,000 bopd but noted it was too early for a reserve outlook. He sees 2025 Ecuador growth from water flooding. He also detailed that Bienparado Norte 1 will spud in late November, Cante Flamenco-2 will be worked over to test its primary target, and the Curucucu and Toritos appraisal wells are performing well.