GEOPARK

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Address
GEOPARK Holdings Limited
Milner House
18 Parliament Street
Hamilton
HM12
Bermuda
Tel +1 441 292 1516
Fax +1 441 292 7880
Web http://www.geo-park.com
Email info@geo-park.com

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Capex

Supported by the 2007 results, the Company is pursuing an increasingly active US$50 million capital investment program in 2008 in Chile and Argentina.

Future Plans

Supported by the 2007 results, the Company is pursuing an increasingly active US$50 million capital investment program in 2008 in Chile and Argentina which includes the drilling of 17-20 wells, new 3D seismic surveys and additional facility and pipeline construction. The 2008 program will focus on a balanced mix of production, development and exploration opportunities and projects targeted to both increase production and add new reserves.

Production

Despite a 6 month delay in the start-up of the drilling program due to the late arrival of the drilling rig, oil and gas production in Chile and Argentina increased by 56% from approximately 1,470 barrels of oil per day equivalent (boepd) in January 2007 to approximately 2,300 boepd at the end of December 2007. (This production rate represents approximately a seven fold increase since the time of GEOPARK’s IPO in May 2006).

At September 2006, GeoPark’s production was approximately 1240 boepd – including approximately 6 million cubic feet and 60 barrels of condensate per day (approximately 1,060 boepd) being produced from the Fell Block in Chile (which is being delivered and sold to Methanex, the global methanol producer) and approximately 180 barrels of oil per day from the Del Mosquito Block in Argentina (which is being delivered and sold to Petrobras, the Brazilian state-owned oil company).

Reserves

By early 2006, GEOPARK had proven plus probable plus possible reserves of 19,415 Mbbl of oil and 198,981 MMcf of gas

Who's Who

James Franklin Park
Chief Executive Officer and deputy Chairman
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Gerald Eugene O’Shaughnessy
Executive Chairman
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Carlos
Managing Director
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Offices

Bermuda
Head Office
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Full office details available to OilVoice Subscribers

Full office details available to OilVoice Subscribers

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