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GeoPark(GPRK) - 2022 Q1 - Quarterly Report
2022-03-09 21:43
Table of Contents 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: Form 20-F X 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): Yes No X 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): Yes No X GE ...
GeoPark(GPRK) - 2021 Q3 - Earnings Call Transcript
2021-11-11 21:10
GeoPark Ltd (NYSE:GPRK) Q3 2021 Earnings Conference Call November 11, 2021 10:00 AM ET Company Participants James Park - Co-Founder, CEO & Deputy Chairman Andrés Ocampo - CFO Martin Terrado - Director, Operations Conference Call Participants Ricardo Rezende - JPMorgan Chase & Co. Philip Skolnick - Eight Capital Stephane Foucaud - Auctus Advisors Augusto Uribe - AIG Investments Operator Good morning, and welcome to the GeoPark Limited conference call following the results announcement for the third quarter e ...
GeoPark(GPRK) - 2021 Q2 - Earnings Call Transcript
2021-08-07 23:02
GeoPark Limited (NYSE:GPRK) Q2 2021 Results Conference Call August 5, 2021 10:00 AM ET Company Participants James Park - Chief Executive Officer Augusto Zubillaga - Chief Operating Officer Andrés Ocampo - Chief Financial Officer Martin Terrado - Director of Operations Stacy Steimel - Shareholder Value Director Conference Call Participants Ricardo Rezende - JPMorgan Alejandro Demichelis - Nau Securities Stephane Foucaud - Auctus Advisors Daniel Guardiola - BTG Pactual Gustavo Sadka - Bradesco BBI Operator Go ...
GeoPark(GPRK) - 2021 Q1 - Earnings Call Transcript
2021-05-09 11:29
GeoPark Limited (NYSE:GPRK) Q1 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Company Participants James Park - Chief Executive Officer Augusto Zubillaga - Chief Operating Officer Andrés Ocampo - Chief Financial Officer Martin Terrado - Director, Operations Stacy Steimel - Shareholder Value Director Conference Call Participants Stephane Foucaud - Auctus Advisors Alejandro Demichelis - Nau Securities Ray Deacon - Petro Lotus Operator Good morning and welcome to the GeoPark Limited Conference Call foll ...
GeoPark(GPRK) - 2020 Q4 - Annual Report
2021-03-31 21:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ◻ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2020 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ OR ◻ SHE ...
GeoPark(GPRK) - 2020 Q4 - Earnings Call Transcript
2021-03-11 17:26
Financial Data and Key Metrics Changes - The company reported oil and gas production growth for the 18th consecutive year, reaching over 40,000 barrels per day [5] - The 2P reserves increased to 175 million barrels with a net present value of $2.5 billion [5] - The company achieved savings of over $290 million and generated EBITDA of $217 million from a $75 million investment [6] - Cash in hand nearly doubled to $200 million [6] Business Line Data and Key Metrics Changes - The company expanded its Colombian exploration resources to over 750 million barrels [5] - The work program for 2021 includes an investment of $130 million to $150 million to drill 37 to 42 wells, primarily in the Llanos 34 block [9] Market Data and Key Metrics Changes - The company operated without interruption throughout 2020 despite low oil prices of $40 to $45 [7] - The current oil price environment is above $65, prompting discussions on potential acceleration of activities and shareholder returns [12][14] Company Strategy and Development Direction - The company aims to accelerate profitable production growth while maintaining a strong balance sheet [9] - The focus is on reinvesting in existing assets, managing the balance sheet, and returning value to shareholders [14] - The company is actively participating in divestiture initiatives across the region, particularly in Brazil and Colombia [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to emerge stronger from the challenges faced in 2020 [5] - The company anticipates generating significantly more free cash flow if oil prices remain high, allowing for a combination of reinvestment, debt reduction, and shareholder returns [14] - The production guidance for 2021 includes a brief period of production setbacks due to protests, but the situation has normalized [15][16] Other Important Information - The company has implemented an integrated value system called SPEED, focusing on safety, governance, employee welfare, environmental impact, and community development [8] - The exploration program for 2021 targets a small fraction of the total prospective resources, with plans to prepare for further drilling in 2022 [30] Q&A Session Summary Question: Will the company consider accelerating the activity program or increasing dividends if oil prices remain high? - Management indicated that excess cash generation would likely be allocated to reinvestment, shareholder returns, and debt management [12][14] Question: What is the current status of production in Putumayo? - Production guidance for 2021 included the impact of recent protests, but the situation has been resolved, and production is expected to return to normal levels [15][16] Question: Will the company accelerate its hedging program given current oil prices? - Management confirmed plans to accelerate the hedging strategy, with current hedges covering around 70% of production for the first half of the year [19] Question: What are the expected production levels from Llanos 34 and CPO-5 in 2021? - Production from Llanos 34 is expected to remain flat to grow by 5%, while CPO-5 is targeting to double production compared to the previous year [42] Question: What are the priorities for excess cash generation in 2021? - The main priorities include reinvestment in assets, debt reduction, and returning value to shareholders [46]
GeoPark(GPRK) - 2020 Q3 - Earnings Call Transcript
2020-11-07 22:03
GeoPark Limited (NYSE:GPRK) Q3 2020 Results Conference Call November 5, 2020 10:00 AM ET Company Participants James Park - Chief Executive Officer Andres Ocampo - Chief Financial Officer Martin Terrado - Director of Operations Stacy Steimel - Shareholder Value Director Conference Call Participants Alejandro Demichelis - Nau Securities Stephane Foucaud - Auctus Ricardo Rezende - JPMorgan Robin Haworth - Stifel Johanna Castro - Itau Operator Good morning, and welcome to the GeoPark Limited conference call fol ...
GeoPark (GPRK) Investor Presentation - Slideshow
2020-08-18 18:21
Proven Team, Assets and Opportunity August 2020 Why GeoPark PLATFORM PEOPLE VALUE UPSIDE SELF-FUNDING PROVEN CAPABILITIES ACROSS FULL E&P VALUE CHAIN PROVEN OIL AND GAS ASSETS WITH 2P NAV OF $2.5 BILLION ($42.5/SHARE)1 ORGANIC EXPLORATION AND NEW ACQUISITION GROWTH PROJECTS UNIQUE LONG-ESTABLISHED, HIGH-IMPACT, RISK-BALANCED ASSET AND OPERATING BASE ACROSS LATIN AMERICA CASH FLOW PAYS FOR BUILDING THE BUSINESS TRACK RECORD 17-YEAR CONTINUOUS OPERATIONAL AND FINANCIAL GROWTH 1Based on D&M 2019. 2 True Latin ...
GeoPark(GPRK) - 2020 Q2 - Earnings Call Transcript
2020-08-09 13:07
GeoPark Limited (NYSE:GPRK) Q2 2020 Earnings Conference Call August 6, 2020 10:00 AM ET Company Participants | --- | |----------------------------------------------------------------| | | | James Park - Chief Executive Officer | | Andres Ocampo - Chief Financial Officer | | Martin Terrado - Director of Operations | | Conference Call Participants | | | | Alejandro Demichelis - Nau Securities Gavin Wylie - Scotiabank | | Johanna Castro - Itau | | Robin Haworth - Stifel | Operator Good morning. And welcome to ...
GeoPark(GPRK) - 2020 Q1 - Earnings Call Transcript
2020-05-14 20:24
GeoPark Limited (NYSE:GPRK) Q1 2020 Earnings Conference Call May 14, 2020 10:00 AM ET Company Participants James Park - CEO Augusto Zubillaga - COO Andrés Ocampo - CFO Stacy Steimel - Shareholder Value Director Conference Call Participants Robin Haworth - Stifel Stephane Foucaud - Auctus Advisors Ian Macqueen - Eight Capital Operator Good morning and welcome to the GeoPark Limited Conference Call following the results announcement for the Fourth Quarter Ended December 31, 2019. After the speakersÂ' remarks, ...