GeoPark (GPRK) Inks $200M Deal to Enhance Latin America Presence [Yahoo! Finance]
Geopark Ltd Common Shares (GPRK)
US:NYSE Investor Relations:
geo-park.com/en/investor-support
Company Research
Source: Yahoo! Finance
The binding offer, amounting to $200 million, has been accepted by the seller, marking a pivotal step in GeoPark's acquisition journey. Additionally, a provision for another $110 million to $120 million over two years, designated for specific exploration activities, enhances the attractiveness of the deal. Upon closing, this acquisition promises to contribute more than 5,000 barrels of oil equivalent per day to GeoPark's production portfolio. GPRK aims to finalize definitive agreements in the coming weeks, with the transaction slated for closure in the third quarter of 2024. Although the deal is subject to regulatory approvals and other contingencies, GeoPark remains optimistic about its successful completion. Funding for the acquisition will be sourced from a combination of cash reserves, available credit facilities and new financing options. Despite the financial commitment, GeoPark expects its net debt to adjusted EBITDA ratio to remain below 1.1x post-acquisition, highlightin
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GPRK
News
- 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
- Wall Street Analysts Think Geopark (GPRK) Could Surge 37.42%: Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
- GEOPARK ANNOUNCES FINAL RESULTS OF ITS TENDER OFFERPR Newswire
GPRK
Earnings
- 11/8/23 - Miss
GPRK
Sec Filings
- 4/25/24 - Form 6-K
- 4/22/24 - Form SC
- 4/18/24 - Form SC
- GPRK's page on the SEC website