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 November 2018
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 November 27, 2018 titled “GeoPark
Announces an agreement to acquire Colombia and Chile oil and gas assets from LG International”
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Item 1
FOR IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES AN AGREEMENT TO ACQUIRE
COLOMBIA AND CHILE
OIL AND GAS ASSETS FROM LG INTERNATIONAL
Bogota,
Colombia – November 27, 2018 - 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, Peru,
Argentina, Brazil and Chile, today announced an agreement to acquire the LG International Corporation (“LGI”) interest
in GeoPark’s Colombian and Chilean operations and subsidiaries.
This
acquisition will increase GeoPark’s equity interest to 100% in its Colombian and Chilean businesses, which consist of multiple
hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block (GeoPark operated, 45% WI)
in Colombia. This acquisition will also help streamline financial, tax, organizational, and cost structures.
The
acquisition price includes a fixed payment of $81 million payable at closing, plus two equal installments of $15 million each,
to be paid in June 2019 and June 2020, respectively. Additionally, three contingent payments of $5 million each could be payable
over the next three years, subject to certain production thresholds being exceeded. Closing of this transaction is expected by
November 28, 2018.
James
F. Park, Chief Executive Officer of GeoPark, said: “LGI has been an exceptional strategic partner for GeoPark for over eight
years and we are grateful for their support and guidance, which were instrumental in the early development of our regional portfolio
of assets and our tremendous growth in recent years. We have made many good friends in the LG organization and are confident that
our partnership will continue to grow and lead to important new opportunities in the future. We are also pleased to be able to
increase our ownership in our key operating companies, bringing more income to our bottom line.”
For further information
please contact:
INVESTORS:
Stacy Steimel – Shareholder Value
Director
Santiago, Chile
T: +562 2242 9600
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ssteimel@geo-park.com
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Miguel Bello – Market Access Director
Santiago, Chile
T: +562 2242 9600
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mbello@geo-park.com
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MEDIA:
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
NOTICE
Additional information about GeoPark can
be found in the “Investor Support” section on the website at www.geo-park.com.
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.
This press release contains certain oil
and gas metrics, including information per share, operating netback, reserve life index, and others, which do not have standardized
meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other
companies. Such metrics have been included herein to provide readers with additional measures to evaluate the Company's performance;
however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare
to the performance in previous periods.
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 expected production growth and operating and financial performance, operating netback per
boe and capital expenditures plan. 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.
Oil and gas production figures included
in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained
by dividing total production for 365 days.
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 Financial Officer
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Date: November 27, 2018
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