GeoPark (GPRK) has released an update.
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GeoPark Limited, an independent Latin American oil and gas explorer, has reported a 7% decrease in consolidated average oil and gas production for Q3 2024 compared to the previous quarter, primarily due to operational challenges in Brazil and Colombia. However, the company saw a production surge in the Llanos Exploration area and a record output at the Mata Mora Norte Block in Argentina, with further production consolidation expected post-acquisition closing in 4Q2024. Upcoming catalysts for GeoPark include drilling new wells and developing waterflooding projects to boost production in the next quarter.
For further insights into GPRK stock, check out TipRanks’ Stock Analysis page.
