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GeoPark(GPRK) - 2022 Q2 - Quarterly Report
2022-05-11 20:51
Table of Contents 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 May 2022 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 cove ...
GeoPark(GPRK) - 2021 Q4 - Annual Report
2022-03-31 20:11
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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to OR ☐ SHELL COMPANY ...
GeoPark(GPRK) - 2021 Q4 - Earnings Call Transcript
2022-03-10 18:47
Financial Data and Key Metrics Changes - The company reported a top-line revenue increase of 90% to almost $700 million and a strong bottom-line profit of $61 million for the year [8] - Structural costs were reduced by 16%, and capital expenditures of $129 million generated an EBITDA of 2.3 times that amount [8] - The net debt to EBITDA ratio closed the year under 2x, moving towards the target range of 1x to 1.5x [9] Business Line Data and Key Metrics Changes - The company drilled 32 wells in 2021, extending the Tigui and Jacana fields in the Llanos 34 block [8] - Production from CPO 5 increased from around 8,000 barrels gross to approximately 17,000 barrels gross, with expectations of a 20% to 40% increase in production by year-end [17][18] Market Data and Key Metrics Changes - Current production in Colombia is above 34,000 barrels of oil per day, reflecting a 3% to 5% increase compared to the previous year [22] - The company expects an overall operating expense increase of about 5% to 10% for 2022, estimating costs between $8.5 to $9 per BOE [34] Company Strategy and Development Direction - The company aims to be one of the leading independents in Latin America, focusing on being the lowest cost and safest operators while delivering consistent free cash flow [16] - The 2022 work program is ambitious, with plans to drill 40 to 48 wells, including almost half being exploration wells [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting the strong cash flow generation and the positive impact of higher oil prices [10][16] - The transition in leadership is seen as timely, with a strong executive team ready to continue executing the business strategy [5][16] Other Important Information - The company completed the largest acquisition in its history and expanded its acreage significantly [8] - The electrification project is 51% complete, and the solar plant is now 80% complete, contributing to lower carbon emissions [11] Q&A Session Summary Question: Transition and growth opportunities - Management emphasized continuity in strategy and the ambition to be a leading independent in Latin America, focusing on cash flow generation and operational efficiency [14][16] Question: Current overall production in Colombia - Current production is above 34,000 barrels per day, with successful drilling in CPO-5 and Platanillo fields contributing to increased output [22] Question: Increased operating costs and royalties - Operating costs increased due to inventory build in Platanillo, with expectations of a 5% to 10% increase in overall OpEx for 2022 [34] Question: Update on divestiture in Brazil - The transaction has not closed yet, pending conditions that should be met by the end of the month, with production performing better than expected [38] Question: Priorities for excess cash flow - The top priority is to fund potential acceleration in the organic portfolio, followed by debt reduction and increasing shareholder returns [39][40]
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
GeoPark Ltd (NYSE:GPRK) Q4 2020 Earnings Conference Call March 11, 2021 10:00 AM ET Company Participants James Park - Co-Founder, CEO & Deputy Chairman Andrés Ocampo - CFO Conference Call Participants Stephane Foucaud - Auctus Advisors Ricardo Rezende - JPMorgan Chase & Co. Alejandro Demichelis - Nau Securities Limited Daniel Guardiola - BTG Operator Good morning, and welcome to the GeoPark Limited Conference Call following the results announcement from the fourth quarter ended December 31, 2020. [Operator ...
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 ...