Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 12 2024 - 4:15PM
Edgar (US Regulatory)
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 2024
Commission File
Number: 001-36298
GeoPark Limited
(Exact name of
registrant as specified in its charter)
Calle 94 N°
11-30 8° piso
Bogota, Colombia
(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:
GEOPARK LIMITED
TABLE OF CONTENTS
ITEM |
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1. |
Press Release dated November 12, 2024 titled “GeoPark Announces Exploration
Success at Confluencia Norte” |
Item 1
FOR IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES EXPLORATION SUCCESS AT
CONFLUENCIA NORTE
Buenos Aires, Argentina – November 12,
2024 - GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil
and gas explorer, operator, and consolidator, is pleased to announce the successful start of production in the Confluencia Norte Block
(GeoPark non-operated, 50% WI) in Rio Negro, Argentina. This marks a major de-risking achievement in GeoPark’s partnership with
Phoenix Global Resources (“PGR”) in the Vaca Muerta formation.
The Confluencia Norte Block recently completed
its first pad of three unconventional wells, which began production in mid-October. This development confirms the presence of the Vaca
Muerta formation at the westernmost edge of the block. The pad includes a vertical pilot well, drilled specifically for data acquisition,
along with three horizontal wells reaching a total measured depth of 6,300 meters, with 3,000 meters of lateral extension. A high intensity
fracturing program was executed across 135 stages, resulting in a current gross production rate of 4,000 bopd during the ongoing flowback
and well testing phase, with production currently being transported to and marketed through the Mata Mora Norte Block facility. The wells
are still cleaning up and are expected to reach their peak production within 90 days of the production start, highlighting the block’s
rich petrophysical properties, which are comparable to those found in the Mata Mora Norte Block (GeoPark non-operated, 45% WI).
As part of its exploration commitment in the Confluencia
Norte and Sur blocks, PGR has completed the acquisition of 228 km² of 3D seismic data, which is currently undergoing interpretation.
This data will be crucial in defining the upcoming drilling program, which includes a further four wells that PGR will drill as part of
its commitment. PGR and GeoPark are working closely to expand the exploration and development of these assets.
Andrés Ocampo, Chief Executive Officer of
GeoPark, said: “The start of production at the Confluencia Norte Block in Rio Negro province is a significant milestone, marking
our first major exploration achievement in Vaca Muerta and validating the immense potential that underpinned our entry into this world-class
basin. This success showcases the strength of our partnership with Phoenix Global Resources and the powerful combination of our operational,
technical, and financial expertise. Together, we are committed to systematically de-risking and unlocking the vast resources in Vaca Muerta,
creating substantial long-term value for our shareholders and stakeholders.”
For further information, please
contact:
INVESTORS:
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Maria Catalina Escobar
Shareholder Value and Capital Markets Director
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mescobar@geo-park.com |
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Miguel Bello
Investor Relations Officer
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mbello@geo-park.com |
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Maria Alejandra Velez
Investor Relations Leader
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mvelez@geo-park.com |
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MEDIA:
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Communications Department |
communications@geo-park.com |
NOTICE
Additional information about GeoPark can be found
in the Invest with Us section of the website at www.geo-park.com.
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 rich petrophysical characteristics of the Confluencia Norte Block, our drilling program and our creation
of substantial long-term value for our shareholders and stakeholders. 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 (SEC).
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: |
/s/ Jaime Caballero Uribe |
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Name: |
Jaime Caballero Uribe |
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Title: |
Chief Financial Officer |
Date:
November 12, 2024
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