GeoPark: 2019 Reserves Point To More Upside [Seeking Alpha]
Geopark Ltd Common Shares (GPRK)
US:NYSE Investor Relations:
geo-park.com/en/investor-support
Company Research
Source: Seeking Alpha
Summary GeoPark grew 1P and 2P reserves by 28% and 19% over 2018, on an adjusted basis. As of end-2019, 1P reserve life increased to 10 years and 2P reserve life to 15 years. GeoPark replaced 156% of the PDP, 203% of 1P, and 249% of 2P reserves. GeoPark stock has become deeply undervalued in terms of NAV, although it is in better shape than any time in recent years with regard to its exploration potential. On February 10, 2020, GeoPark Limited GPRK announced OTCPK:PARXF reported Below, let's review these new data points, with an eye on updating the investment thesis on GeoPark. Reserve growth As of end-2019, GeoPark had 52.4 MMboe of proven developed producing (aka, PDP) reserves, 130.6 MMboe of proven (1P) reserves, and 197.3 MMboe of proven probable (2P) reserves (Table 1). Only 40% of 1P reserves have been developed producing, pointing to low uncertainty in medium-term production growth. Growth of reserves The 2P reserves increased by 35.4 MMboe or 19.3% from those of 2018. GeoPark
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GPRK
News
- GeoPark Publishes Its 2023 SPEED/Sustainability Report [Yahoo! Finance]Yahoo! Finance
- GeoPark Publishes Its 2023 SPEED/Sustainability ReportBusiness Wire
- Geopark Announces First Quarter 2024 Operational Update [Yahoo! Finance]Yahoo! Finance
- Geopark Announces First Quarter 2024 Operational UpdateBusiness Wire
- Are Investors Undervaluing Geopark (GPRK) Right Now? [Yahoo! Finance]Yahoo! Finance
GPRK
Earnings
- 11/8/23 - Miss
GPRK
Sec Filings
- 5/3/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/22/24 - Form SC
- GPRK's page on the SEC website