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GeoPark (GPRK)

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Recent press releases and 8-K filings for GPRK.

GeoPark Announces Acquisition of Frontera Energy's Colombian E&P Assets
GPRK
M&A
New Projects/Investments
Guidance Update
  • GeoPark Limited announced the acquisition of 100% of Frontera Petroleum International Holdings B.V., comprising Colombian oil and gas exploration and production assets, for a cash purchase price of US$375 million plus a US$25 million contingent payment.
  • The transaction, with an implied enterprise value of approximately US$600 million, includes the assumption of US$310 million in unsecured notes and US$79 million from a prepayment facility.
  • This acquisition is projected to double GeoPark's production and reserves, with pro forma production expected to exceed 90,000 boepd by 2028 and EBITDA reaching approximately US$950 million.
  • GeoPark anticipates recurring annual synergies of US$30-50 million by 2027 and expects the transaction to be accretive to NAV and cash-flow metrics on a per-share basis.
  • The acquisition will be funded by cash on hand and committed financing, with no equity issuance contemplated.
7 days ago
GeoPark Announces Acquisition of Frontera Energy's Colombian E&P Assets
GPRK
M&A
New Projects/Investments
  • GeoPark Limited has entered into an agreement to acquire 100% of Frontera Petroleum International Holdings B.V., comprising oil and gas exploration and production assets in Colombia, from Frontera Energy Corporation.
  • The acquisition involves a cash purchase price of US$375 million at closing, with an additional US$25 million contingent payment, and GeoPark will assume US$310 million in unsecured notes and US$79 million net outstanding under a prepayment facility.
  • This transaction is expected to double GeoPark's production and reserves, with pro forma production projected to exceed 90,000 boepd by 2028 and EBITDA of approximately US$950 million.
  • It immediately adds approximately 99 mmboe of 1P Reserves and 147 mmboe of 2P Reserves.
  • The combination is expected to deliver recurring annual synergies of US$30-50 million by 2027.
8 days ago
GeoPark Renews Offtake Agreement with Vitol
GPRK
New Projects/Investments
Debt Issuance
  • GeoPark Limited has renewed its offtake and prepayment agreement with Vitol, extending the term through December 31, 2028, for 100% of its crude oil production from the Llanos 34, Llanos 123, and CPO-5 blocks in Colombia.
  • The renewed terms are expected to improve portfolio realizations by approximately US$0.33 per barrel on a weighted-average basis, effective January 2026, restoring netbacks to single-digit levels comparable to 2020 benchmarks.
  • The agreement provides access to a prepayment facility from Vitol of up to $500 million, including a firm $330 million committed availability.
  • The interest cost for drawn amounts under the facility is based on a one-month term SOFR plus a margin of 3.50% per annum, representing a 25-bps reduction from the previous agreement.
Jan 28, 2026, 9:25 PM
GeoPark Renews Offtake Agreement and Secures $500M Prepayment Facility
GPRK
Debt Issuance
New Projects/Investments
  • GeoPark has renewed and extended its crude offtake and prepayment agreement with Vitol through the end of 2028, covering 100% of its crude production from the Llanos 34, Llanos 123, and CPO-5 blocks in Colombia.
  • The agreement includes a flexible prepayment facility of up to $500 million ($330 million committed), priced at one-month SOFR plus 3.50%, which is approximately 25 basis points cheaper than the prior arrangement.
  • This renewal is expected to improve portfolio realizations by roughly $0.33 per barrel and bolster margins, liquidity, and cash-flow visibility.
  • Deliveries under the renewed agreement began in January for Llanos 34, with Llanos 123 and CPO-5 scheduled to start in May.
Jan 28, 2026, 2:04 PM
GeoPark Renews Offtake Agreement with Vitol
GPRK
Debt Issuance
New Projects/Investments
  • GeoPark has renewed its offtake and prepayment agreement with Vitol, extending the term through December 31, 2028, for 100% of its crude oil production from the Llanos 34, Llanos 123, and CPO-5 blocks.
  • The renewed terms are expected to improve GeoPark's weighted-average netbacks by approximately US$0.33 per barrel, with new terms taking effect in January 2026 for Llanos 34 and May 2026 for CPO-5 and Llanos 123.
  • The agreement provides GeoPark with access to a prepayment facility of up to $500 million, consisting of a firm $330 million committed availability and an option for an additional $170 million.
  • The interest cost for any drawn amounts from the facility is based on a one-month term SOFR plus a margin of 3.50% per annum, which is a 25-bps reduction compared to the prior agreement.
Jan 28, 2026, 1:40 PM
GeoPark Announces Fourth Quarter 2025 Operational Update
GPRK
Guidance Update
New Projects/Investments
Board Change
  • GeoPark's 2025 annual average oil and gas production was 28,233 boepd, surpassing the upper end of its guidance range of 26,000 – 28,000 boepd.
  • Fourth quarter 2025 (4Q2025) average oil and gas production reached 28,351 boepd, a 1% increase compared to 3Q2025.
  • The company successfully initiated a polymer injection project in the Llanos 34 Block and completed the integration of newly acquired assets in Vaca Muerta, Argentina.
  • Production in the CPO-5 Block was negatively impacted by blockades from October 27 to November 7, 2025.
  • Mr. Somit Varma stepped down from the Board of Directors, effective January 19, 2026.
Jan 22, 2026, 9:23 PM
GeoPark Exceeds 2025 Production Guidance and Details Q4 Operational Update
GPRK
Guidance Update
New Projects/Investments
Board Change
  • GeoPark's 2025 annual average oil and gas production of 28,233 boepd surpassed the upper end of its guidance range of 26,000 – 28,000 boepd, with 4Q2025 average production at 28,351 boepd.
  • The company successfully launched a polymer injection project in the Llanos 34 Block and completed the integration of newly acquired Vaca Muerta assets in Argentina during 4Q2025.
  • GeoPark completed the divestment of its Espejo and Perico Blocks in Ecuador and the transfer of the Manati gas field in Brazil in December 2025.
  • Production in the CPO-5 Block decreased by 13% compared to 3Q2025 due to blockades that occurred from October 27 to November 7, 2025.
  • Mr. Somit Varma stepped down from the Board of Directors effective January 19, 2026.
Jan 21, 2026, 9:32 PM
GeoPark Comments on Engagement with Parex Resources Regarding Acquisition Offer
GPRK
M&A
Guidance Update
New Projects/Investments
  • GeoPark Limited rejected Parex Resources' $9.00 per share acquisition offer from September 4, 2025, stating it undervalued the company and did not account for the transformative Vaca Muerta acquisition.
  • GeoPark provided Parex with substantial incremental information, including a certified 2025 reserves report showing 2P reserves increased 38% year-over-year to 121 mmboe.
  • Parex communicated on December 1, 2025, that it would not increase its offer above $9.00 per share, leading GeoPark's Board to indicate that any credible future engagement would require a proposal starting in the double-digits.
  • GeoPark remains confident in its strategy and future growth, projecting Adjusted EBITDA to more than double by 2028, and is open to considering offers that appropriately value the company.
Dec 10, 2025, 1:54 AM
GeoPark Rejects Parex Resources' Acquisition Offer and Provides Updated Reserves
GPRK
M&A
Takeover Bid
Guidance Update
  • GeoPark's Board rejected Parex Resources' unsolicited $9.00 per share acquisition offer from September 4, 2025, concluding it undervalued the company, especially by not considering the Vaca Muerta acquisition.
  • GeoPark provided Parex with extensive non-public information, including a certified 2025 reserves report showing total 2P reserves increased 38% year-over-year to 121 mmboe, with ~37 mmboe attributed to the Vaca Muerta transaction.
  • On December 1, 2025, Parex communicated its unwillingness to increase its offer above $9.00 per share, citing limited interest in GeoPark's Argentinian assets.
  • GeoPark's Board maintains that any future credible offer must start in the double-digits and projects Adjusted EBITDA to more than double by 2028.
Dec 9, 2025, 10:13 PM
GeoPark: Parex Resources Halts Acquisition Discussions
GPRK
M&A
Takeover Bid
  • Parex Resources Inc. has halted discussions with GeoPark Limited regarding a potential acquisition.
  • Parex had previously submitted a proposal on September 4, 2025, to acquire all GeoPark shares for US$9.00 per share in cash.
  • The decision to halt discussions was made because Parex determined there was no basis to increase its view on the value of GeoPark common shares, citing a gap in perceived value.
  • GeoPark had engaged with Parex but ultimately reaffirmed its position that it was not willing to negotiate within the parameters of the September Proposal.
Dec 9, 2025, 12:00 PM
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