• 1Q24 production had been reported previously. GeoPark held US$151 mm in cash at the end of March. Adjusting for a negative working capital movement of ~US$20 mm in 1Q24, this would have been in line with our forecast.
• Gross production at CPO-5 of ~30 mbbl/d continues to be very high. The Cisne 1 exploration well is expected to reach TD by the end of May. GeoPark will then drill another exploration well on the block.
• Given the reduced share count following the share buyback resulting from t ....
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20 May 2024
GeoPark Limited (NYSE: GPRK): Dividend distribution boosted by share buyback. Additional details on Argentina
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GeoPark Limited (NYSE: GPRK): Dividend distribution boosted by share buyback. Additional details on Argentina
• 1Q24 production had been reported previously. GeoPark held US$151 mm in cash at the end of March. Adjusting for a negative working capital movement of ~US$20 mm in 1Q24, this would have been in line with our forecast.
• Gross production at CPO-5 of ~30 mbbl/d continues to be very high. The Cisne 1 exploration well is expected to reach TD by the end of May. GeoPark will then drill another exploration well on the block.
• Given the reduced share count following the share buyback resulting from t ....