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.
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