GeoPark (GPRK) has released an update.
GeoPark Limited, a prominent Latin American oil and gas company, is in exclusive negotiations to acquire non-operated interest in unconventional blocks in Argentina’s Neuquen Basin, which promises to add over 5,000 barrels of oil equivalent per day (boepd) to its production. The acquisition, valued around $200 million with an additional exploration-related carry of $110 – $120 million, aligns with GeoPark’s strategy to expand in key Latin American basins and is expected to be financed through cash, credit facilities, and potential new financing without exceeding a net debt to Adjusted EBITDA ratio of 1.1x.
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