Oil Price Dependency - For the year ended December 31, 2024, 99% of the company's revenues were derived from oil, indicating a strong reliance on oil prices for financial performance[117]. - A substantial or extended decline in oil and natural gas prices could adversely affect the company's business, financial condition, and results of operations[119]. - The company expects a slightly more balanced supply-demand dynamic in 2025, with potential supply growth from non-OPEC producers possibly leading to a softer price environment compared to 2024[118]. - The market for oil and natural gas has historically been volatile, with Brent spot prices ranging from $19.3 to $128.0 per barrel over the last five years[115]. - Brent crude prices averaged $79.8 per barrel in 2024, with fluctuations driven by geopolitical factors and OPEC+ production cuts of approximately 2.2 million barrels per day[116]. Production and Reserves - As of December 31, 2024, the reserves-to-production ratio for net proved reserves in Colombia, Ecuador, and Brazil was 5.0 years[128]. - If drilling and development activities ceased on January 1, 2025, the proved developed producing reserves base would decline by 14%, 44%, 12%, and 43% in Colombia, Ecuador, Brazil, and Argentina, respectively, during the first year[129]. - As of December 31, 2024, the Llanos Basin accounted for 95.6% of the company's net proved reserves and generated 90.1% of its production[180]. - The company incurred capital expenditures of $191.3 million and $199.0 million during the years ended December 31, 2024 and 2023, respectively[143]. - 88% of the company's net proved reserves are developed, but the development of undeveloped reserves may take longer and require higher capital expenditures than anticipated[208]. Financial Risks and Management - The company is exposed to credit risks from key customers, and any material nonpayment could adversely affect cash flow and results of operations[110]. - The company actively manages counterparty credit risk by assessing clients' credit profiles and including early payment terms in contracts[132]. - Financial problems experienced by customers could result in impairment of the company's assets and a decrease in operating cash flows[211]. - The company is subject to significant indebtedness, which could limit cash flow availability for acquisitions and capital expenditures due to higher interest rates on current debt[233]. - The principal amount of the company's outstanding consolidated indebtedness was US$654.7 million as of March 31, 2025, with 84% corresponding to Notes due 2030[232]. Operational Challenges - The company operates in regions with significant political and economic risks, which could impact operations and financial performance[111]. - The company has faced disruptions in 2024 due to strikes by local communities, which could significantly hinder market access and impact financial results[163]. - The company is subject to various operational risks, including delays in project development and compliance with governmental regulations, which could adversely affect financial condition[154]. - The company competes with major oil and gas firms that have greater financial and technical resources, impacting its ability to acquire properties and attract capital[156]. - The company is not the sole owner or operator of all licensed areas, limiting control over exploration and production efforts[189]. Regulatory and Compliance Issues - The company is subject to extensive regulations in Colombia, Ecuador, Brazil, and Argentina, which could impact operational costs and compliance requirements[275]. - Legislative initiatives regarding hydraulic fracturing in Colombia could increase future costs and impede operational plans[229]. - Compliance with anti-corruption regulations is critical, as breaches could result in substantial fines and reputational damage, impacting business operations[286]. - The Colombian government enacted a tax reform in 2022 that materially impacted oil-producing companies, and new tax measures were issued in February 2025, potentially increasing financial liabilities[267]. - The Colombian government has announced it will not grant any new oil and gas exploration licenses, which may limit future expansion opportunities in the country[289]. Environmental and Social Factors - The company expects to reduce operational Scope 1 and 2 GHG emissions intensity by 35-40% by year-end 2025 and by 40-60% by year-end 2030 against a 2020 baseline[224]. - The company is subject to numerous environmental, social, health, and safety laws, which may result in material liabilities and costs[214]. - The company has mechanisms in place to ensure compliance with environmental regulations, including a dedicated environmental team and external audits[218]. - Climate-related risks, including extreme weather events and regulatory changes, could increase operational costs and affect the company's ability to operate effectively[248]. - The company is engaged in prior consultation processes with indigenous communities, which may lead to delays in project timelines and additional compliance costs[252]. Shareholder Returns and Financial Flexibility - The company distributed a total of US$298.7 million to shareholders from 2018 to 2024, including US$200.1 million through share repurchases and US$98.6 million in cash dividends[297]. - The ability of the company to pay dividends is subject to Bermuda legal constraints, which require that the company must not be unable to pay its liabilities as they become due[298]. - The company's principal source of revenue and cash flow is distributions from its subsidiaries, which may be limited by law and contract[301]. - The market price of the company's common shares may be volatile and influenced by various factors, including operating performance and fluctuations in oil or gas prices[295]. - The company may issue additional common shares or convertible securities in the future to finance potential acquisitions[303]. Economic and Market Conditions - The Economic Commission for Latin America and the Caribbean forecasts a regional growth of 2.4% in 2025, indicating ongoing low growth and economic challenges in the region[263]. - Oil and gas operations are subject to political and economic uncertainties, including changes in energy policies and potential civil unrest in the countries of operation[264]. - Argentina has experienced high inflation and significant currency devaluation, leading to multiple exchange rates, which could create financial inefficiencies and increase costs[292]. - Restrictions on foreign exchange and transfer of funds abroad in Argentina could adversely affect the company's liquidity and financial flexibility[291]. - New U.S. trade tariffs may adversely affect the company's cost structure and supply chain, contributing to increased uncertainty in global trade dynamics[261].

GeoPark Limited (GPRK) has announced the divestment of certain non-core assets in Colombia and Brazil to align with its goal of optimizing its portfolio, reducing costs and focusing on high-impact projects.In its 2025 plan, GeoPark had committed to disciplined capital allocation, operational excellence and sustainable growth through big assets, big basins and big plays. Therefore, in alignment with its guidance, the company has signed agreements to sell its non-operated working interests in the Llanos 32 Bl ...

Financial Data and Key Metrics Changes - GeoPark's total oil and gas production for 2024 averaged almost 34,000 barrels per day equivalent, which is a 7% decrease compared to 2023 due to temporary production disruptions and natural declines in main fields in Colombia [6] - Full-year 2024 adjusted EBITDA reached $416 million, representing an 8% decrease compared to 2023, primarily due to lower production and one-off financial expenses [10] - Net income for the year stood at $96.4 million, a 13% decline from 2023, mainly due to lower production, lower revenues, and a higher effective tax rate [10] - The company concluded the year with $276.8 million in cash, including a $152 million withdrawal of a prepayment facility for the Vaca Muerta acquisition [11] Business Line Data and Key Metrics Changes - The Vaca Muerta assets delivered an average production of over 15,000 barrels per day gross in Q4 2024, which is 19% higher than Q3 2024 and almost 50% higher than when the transaction was announced [6] - The Vaca Muerta assets generated approximately $25 million of EBITDA net to GeoPark in Q4 2024, and approximately $100 million net on a full-year pro forma basis [6] Market Data and Key Metrics Changes - Pro forma 2P reserves reached over 160 million barrels, driven by the addition of 74.6 million barrels from the Vaca Muerta assets, marking a 41% year-on-year increase [9] - The reserve life index extended to 13 years on a 2P basis, while 1P reserves of 102 million barrels extended the 1P reserve life index to 8.2 years [9] Company Strategy and Development Direction - The company aims to maximize the potential of its expanded asset base, focusing on operational efficiency and production optimization in Colombia and Vaca Muerta [14][15] - GeoPark is committed to maintaining a strong balance sheet and evaluating new growth opportunities that enhance scale and long-term value [17] - The company is actively monitoring M&A opportunities, particularly in Argentina, as part of its strategy for long-term sustainable profits [46][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged operational challenges and a lower oil price environment but emphasized the company's cash generation capacity and disciplined financial management [5] - The company expects continued progress in its water flooding project and pilot project for polymer flooding in Colombia, which will enhance recovery and field productivity [15] - Management expressed confidence in the production trajectory in Vaca Muerta, anticipating growth to 20,000 barrels per day by mid-2025 and a plateau of approximately 40,000 barrels per day by early 2026 [32][56] Other Important Information - The company declared a quarterly cash dividend of almost $0.15 per share, reinforcing its commitment to long-term value return [13] - GeoPark was included in the S&P Sustainability Yearbook for the first time and maintained its AA rating in the MSC Index, highlighting its commitment to sustainability [14] Q&A Session Summary Question: Can you provide details on the $152 million recorded as customer advanced payments? - The $152 million relates to a withdrawal made for funding the closing of the Argentina transaction and is characterized as a prepayment of oil proceeds [19][20] Question: Why is the closing of the acquisition in Argentina taking longer than expected? - There is no specific pushback; the delays are due to normal regulatory processes, and the financial impact is neutral as the effective date was fixed at July 1, 2024 [25][28] Question: What is the expected trajectory of the production of the Vaca Muerta assets in 2025? - The company expects to reach 20,000 barrels of oil per day by mid-2025 and aims for a gross plateau of approximately 40,000 barrels per day by early 2026 [32][56] Question: At which price of Brent would you consider revising downward the expected CapEx to deploy in Vaca Muerta? - Capital allocation is tested at $60 per barrel to ensure project profitability and resilience to oil price volatility; the company has a mature hedging program in place [35][39] Question: How many drilling locations are considered in the reserves reported at the Vaca Muerta assets? - Currently, there are 33 wells in Mata Mora and three in Confluencia, with 148 more wells to drill in Mata Mora, representing significant future reserves [42][43] Question: How can we think about output evolving in Argentina throughout 2025? - The company anticipates growth in output, with some months of natural decline expected due to operational plans, but overall results are aligning with expectations [56][60]

Company Overview - GeoPark Limited (GPRK) is currently experiencing significant attention in the options market, particularly with the Mar 21, 2025 $5.00 Call option showing high implied volatility, indicating potential for a major price movement [1][3] Implied Volatility Insights - Implied volatility reflects market expectations for future price movements, suggesting that investors anticipate a significant change in GeoPark's stock price, possibly due to an upcoming event [2][4] Analyst Sentiment - GeoPark holds a Zacks Rank of 5 (Strong Sell) within the Oil and Gas - Exploration and Production - United States industry, which is in the top 35% of the Zacks Industry Rank. Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one has lowered the estimate, resulting in a decrease in the Zacks Consensus Estimate from 73 cents to 64 cents per share [3]

BOGOTÁ, Colombia, Jan. 28, 2025 /PRNewswire/ -- GeoPark Limited ("GeoPark" or the "Company") (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the tender results in connection with its offer to purchase for cash any and all of its outstanding 5.500% Senior Notes due 2027 (the "Notes") (the "Tender Offer"). The Tender Offer was made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the of ...

GeoPark Limited (GPRK) recently announced its 2025 guidance approved by its board of directors where the company plans to enhance its shareholder value through disciplined capital allocation, operational excellence and sustainable growth. The guidance program aligns favorably with the key principles of GeoPark’s “North Star” strategy.GPRK’s Production TargetGeoPark targets growth through big assets, big basins and big plays. Per its 2025 guidance, the company aims to achieve a mid-term production target of ...

GeoPark Limited (GPRK) , an independent energy firm operating across Latin America, has stated that it shall not proceed with its previously announced acquisition of oil and gas properties in Colombia from the Spanish multi-energy company Repsol S.A. (REPYY) . This potential acquisition included a 25% interest in SierraCol Energia Arauca and Repsol’s oil and gas extraction operations based in central Colombia. Geopark and Repsol announced this acquisition in November 2024.GeoPark mentioned that it has decid ...

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stock prices [1]. Group 1: Trend Analysis - The "Recent Price Strength" screen is a useful tool for investors to identify stocks that are currently trending upwards, supported by strong fundamentals and trading near their 52-week high [2]. - Geopark (GPRK) is identified as a strong candidate for trend investors, having experienced a price increase of 37.8% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - A recent price increase of 0.8% over the last four weeks suggests that GPRK's upward trend is still intact, and it is currently trading at 84.8% of its 52-week high-low range, indicating a potential breakout [4]. Group 2: Fundamental Strength - GPRK holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for short-term price movements [5]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging an annual return of +25% since 1988, reinforcing the potential for GPRK's continued success [6]. - The average broker recommendation for GPRK is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Additional Opportunities - Besides GPRK, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting a broader opportunity for investors to explore [7]. - The article encourages investors to utilize various Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [7].

GeoPark Limited (GPRK) recently announced its accord with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol, S.A.’s (REPYY) upstream oil and gas assets in Colombia.An Insight Into GPRK’s Sale and Purchase AgreementAs a leading energy company in Latin America, GPRK’s prospective accord is to purchase some high-quality assets in one of the most productive oil regions of Colombia called the Llanos Basin. In this region, GPRK has a track record of successfully discovering oil and is also a deep-r ...

GeoPark Limited (NYSE: GPRK ) is an oil & gas exploration and production company that operates in different LATAM countries. The company concentrates its production in Ecuador, Colombia, Brazil and, recently, Argentina. The company is based in Bogotá, Colombia, with onshore Basins in that country and Ecuador. Besides, GeoPark hasI am an individual investor with over 10 years of trading. I have been developing as a stock analyst for the last five years. I am inclined to search for Value companies, mainly lin ...