GeoPark

Latest GeoPark News

• Oil Production Up 27%.
• 72% Drilling Success.
• 100% Reserve Replacement.

• La Cuerva Block is currently producing approximately 2,000 barrels of oil per day (bopd) and has 2P reserves estimated by GeoPark to be approximately 8 million barrels of oil (mmbo).
• Llanos 62 Block, located adjacent to La Cuerva, is an exploration block, with no proved oil and gas production or reserves to date, and is currently undergoing a 110 square kilometre 3D seismic survey.

• GeoPark Holdings Limited announce the acquisition of Winchester Oil and Gas S.A. and La Luna Oil Company Limited S.A. for a US$30 million cash consideration, adjusted for working capital.

• GeoPark is on-track to achieve its sixth successive year of continuous performance growth.
• Final results for the full year ended 31 December 2011 will be released during April 2012.
• GeoPark is ending the year with in excess of US$200 million in gross cash resources.

• GeoPark awarded three highly prospective blocks in Tierra del Fuego, Chile
• GeoPark agrees to sell participation interests in its Chilean business to LG International Corporation (LGI)
• Net income for the first half of 2011 down to US$0.4 million, compared to US$9.7 million reported for the first half of 2010

• GeoPark signs an in-principle agreement with LG International Corporation, the Korean conglomerate, for LGI to acquire an additional 10% interest in GeoPark's Chile business for US$78 million in cash
• The transaction is expected to be completed in mid October 2011, and follows on from the sale of an initial 10% interest in GeoPark's Chilean business to LGI for US$70 million in cash, which completed in May 2011

• GeoPark has signed three participation agreements with Empresa Nacional del Petróleo
• ENAP selected GeoPark to become its partner on the Campanario, Flamenco and Isla Norte blocks, with 50% participation for the first two and a 60% participation in the last block
• ENAP and GeoPark have jointly requested from the State of Chile, a Special Petroleum Operations Contract with respect to each of the hydrocarbon blocks
• GeoPark committed to invest a minimum of USD 101 million over three years and execute an aggressive exploration and development program on the three blocks

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