GeoPark (GPRK) has released an update.
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GeoPark Limited has entered an exclusive agreement to acquire upstream oil and gas assets from Repsol in Colombia, enhancing its portfolio in the resource-rich Llanos Basin. This strategic acquisition, valued at around $530 million, aims to boost GeoPark’s production and reserve capacity while diversifying its asset base across Latin America. The acquisition is expected to bring immediate and long-term benefits, with funding supported by cash resources and a debt facility.
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