UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2017
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Commission File Number: 001-36298
GeoPark Limited
(Exact name of registrant as specified
in its charter)
Nuestra
Señora de los Ángeles 179
Las Condes,
Santiago, Chile
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
GEOPARK
LIMITED
TABLE
OF CONTENTS
ITEM
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1.
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Press Release dated August 10, 2017 titled “GeoPark Announces
New Oil Field Discovery in Argentina”
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FOR IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES NEW OIL FIELD DISCOVERY
IN ARGENTINA
Buenos Aires, Argentina – August 10,
2017 - GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American
oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina and
Peru, and Wintershall Energía S.A. (“Wintershall”), a subsidiary of the BASF group, the fourth largest gas producer
in Argentina with over 15 blocks, today announced the discovery of a new oil field in the CN-V block (GeoPark 50% WI, Wintershall
50% WI) in the Neuquen Basin, Mendoza Province of Argentina.
The Rio Grande Oeste 1 exploration well
– operated by GeoPark - was drilled and completed to a total depth of 5,500 feet targeting the Grupo Neuquen formation, where
fifteen different potential reservoir sands were identified - at depths that range from 1,800 to 5,500 feet - with a potential
net pay of 400 feet. Preliminary logging information indicated hydrocarbons in the upper, middle and lower zones. The complete
testing program is still underway. To date, GeoPark has carried out production tests in four reservoir sands, with early results
showing a production rate by natural flow of approximately 300 bopd of 28.0 degrees API, with a 7% water cut. Additional testing
and production history will be required to determine stabilized flow rates of the well.
This discovery derisks other delineated
and adjacent light oil prospects in the CN-V block for future drilling and will provide GeoPark with a reserve, production and
cash flow base in Argentina. GeoPark and its partner Wintershall are currently evaluating subsequent activities in the CN-V block,
including a development plan for the Rio Grande Oeste oil field.
GeoPark acquired an interest in the CN-V
block in 2015 through a partnership with Wintershall. The block is located in the Mendoza Province and covers an area of 117,000
acres, with 3D seismic coverage of 180 sq km next to the producing Loma Alta Sur oil field operated by YPF. The 3D seismic survey
was acquired by Wintershall in 2015. The CN-V block also has upside potential in the developing Vaca Muerta unconventional play.
Wintershall has the right to take over operatorship pursuant to the terms and conditions of the farm-in agreement.
GeoPark’s total work program for 2017
in Argentina includes 7 gross wells ($5-7 million total) expected to be drilled in 2H2017, targeting shallow heavy oil exploration
prospects in the Sierra del Nevado and Puelen blocks (Pluspetrol operated, GeoPark with a 18% WI) in the Neuquen Basin. The Puelen
block is located north of the producing El Corcobo oil field, operated by Pluspetrol, and Sierra del Nevado is located east of
the Llancanelo oil field, operated by YPF.
The Mendoza Province is an attractive location
for GeoPark to resume its exploration and drilling activities in Argentina. The Province produces more than 15% of Argentina's
oil and offers suitable infrastructure to support, refine and commercialize oil production.
James F. Park, CEO of GeoPark, said: “We
are pleased to be back operating and investing in Argentina where GeoPark’s technical team has a long and successful history
of finding oil and gas and which also represents a highly attractive under-explored and under-developed hydrocarbon region with
multiple new project opportunities.”
For
further information please contact:
INVESTORS:
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Stacy Steimel – Shareholder Value Director
Santiago, Chile
T: +562 2242 9600
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ssteimel@geo-park.com
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Dolores Santamarina – Investor Manager
Buenos Aires, Argentina
T: +5411 4312 9400
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dsantamarina@geo-park.com
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MEDIA:
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Jared Levy – Sard Verbinnen & Co
New York, USA
T: +1 (212) 687-8080
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jlevy@sardverb.com
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Kelsey Markovich – Sard Verbinnen & Co
New York, USA
T: +1 (212) 687-8080
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kmarkovich@sardverb.com
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GeoPark can be visited online at
www.geo-park.com
Additional information about Wintershall
can be found on the website
www.wintershall.com
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NOTICE
Additional information about GeoPark can
be found in the “Investor Support” section on the website at
www.geo-park.com
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Rounding amounts and percentages: Certain
amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included
in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts
prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing
the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press
release may not sum due to rounding.
CAUTIONARY
STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that
constitute forward-looking statements. Many of the forward looking statements contained in this press release can be identified
by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’
‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’
‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in
a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations,
regarding various matters, including the acquisition, estimated capital expenditures and currently estimated gross unrisked resources
relating to the acquisition. Forward-looking statements are based on management’s beliefs and assumptions, and on information
currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially
from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as
of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future
developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to
reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these
forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.
The reserve estimates provided in this release
are estimates only, and there is no guarantee that the estimated reserves will be recovered. Actual reserves may eventually prove
to be greater than, or less than, the estimates provided herein. Statements relating to reserves are by their nature forward-looking
statements.
Readers are cautioned that the exploration
resources disclosed in this press release are not necessarily indicative of long term performance or of ultimate recovery. Unrisked
prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty
that it will be developed or, if it is developed, there is no certainty as to the timing of such development. There is no certainty
that any portion of the Prospective Resources will be discovered. If discovered, there is no certainty that it will be commercially
viable to produce any portion of the resources. Prospective Resource volumes are presented as unrisked.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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GeoPark Limited
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By:
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/s/ Andrés
Ocampo
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Name:
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Andrés Ocampo
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Title:
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Chief FinancialOfficer
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Date:
August 10, 2017
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