GeoPark Signs New Offtake Agreement With Vitol for the Llanos 34 Block in Colombia [Yahoo! Finance]
Geopark Ltd Common Shares (GPRK)
US:NYSE Investor Relations:
geo-park.com/en/investor-support
Company Research
Source: Yahoo! Finance
the "Company") (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces the execution of an offtake and prepayment agreement with Vitol, one of the world's leading energy and commodity companies. The offtake agreement provides for GeoPark to sell and deliver to Vitol a minimum of 20,000 bopd of production from the Llanos 34 Block (GeoPark operated, 45% WI). The agreement improves GeoPark's price realizations by 15 cents (USD) per barrel vs the current agreement, or by 60 cents (USD) per barrel vs the average price realizations from January 2021 to date. The offtake agreement will start on July 1, 2024, for a minimum of 20 months and up to 36 months. As part of this transaction, GeoPark will obtain immediate access to committed funding from Vitol for up to $300 million, with an option to increase by another $200 million for a total of $500 million, in prepaid future oil sales over the period of the offtake contract. Funds c
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GPRK
News
- GeoPark (GPRK) Acquires Unconventional Blocks in Argentina [Yahoo! Finance]Yahoo! Finance
- Here is Why Growth Investors Should Buy Geopark (GPRK) Now [Yahoo! Finance]Yahoo! Finance
- GeoPark Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- GeoPark Reports First Quarter 2024 ResultsBusiness Wire
- GeoPark to acquire interests in four blocks in Argentina [Yahoo! Finance]Yahoo! Finance
GPRK
Earnings
- 5/15/24 - Miss
GPRK
Sec Filings
- 5/15/24 - Form 6-K
- 5/15/24 - Form 6-K
- 5/13/24 - Form 6-K
- GPRK's page on the SEC website