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Stock impact report

GeoPark (GPRK) Acquires Frontera Energy's Assets in Colombia [Yahoo! Finance]

Geopark Ltd Common Shares (GPRK) 
US:NYSE Investor Relations: geo-park.com/en/investor-support
Company Research Source: Yahoo! Finance
GeoPark Limited (NYSE:GPRK) is a Latin American oil and gas explorer, operator, and consolidator with assets and growth platforms in Colombia, Argentina, and Brazil. GeoPark Limited (NYSE:GPRK) announced on January 29 that it has signed a deal to acquire Frontera Energy's oil and gas exploration and production assets in Colombia. The deal is valued at $375 million in cash and an additional $25 million payment contingent on the achievement of certain development milestones. According to Geopark, the transaction will materially enhance its scale, reserve base, and cash-flow generation, while also reinforcing its capacity to fund disciplined growth through the cycle. GeoPark Limited (NYSE:GPRK) expects the acquisition to immediately add 147 million barrels of oil equivalent (mmboe) to its proven and probable (2P) reserves and 99 mmboe to its proven reserves. Moreover, it is expected to raise the company's pro forma production to over 90,000 boepd and its EBITDA to approximately $950 Show less Read more
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