GeoPark(GPRK)
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GeoPark(GPRK) - 2023 Q1 - Earnings Call Transcript
2023-05-07 02:10
GeoPark Ltd (NYSE:GPRK) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Andrés Ocampo - CEO & Director Martin Terrado - COO Augusto Zubillaga - Chief Technical Officer Veronica Davila - CFO Conference Call Participants Stephane Foucaud - Auctus Advisors Alejandro Demichelis - Nau Securities Roman Rossi - Canaccord Genuity Philip Skolnick - Eight Capital Operator Good morning, and welcome to the GeoPark Limited conference call following the results announcement for the first qua ...
GeoPark(GPRK) - 2023 Q1 - Quarterly Report
2023-04-12 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K For the month of April 2023 Commission File Number: 001-36298 GeoPark Limited 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 ...
GeoPark(GPRK) - 2022 Q4 - Annual Report
2023-03-30 20:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report OR ☒ ANNU ...
GeoPark(GPRK) - 2022 Q4 - Earnings Call Transcript
2023-03-09 17:00
GeoPark Limited (NYSE:GPRK) Q4 2022 Earnings Call Transcript March 9, 2023 10:00 AM ET Company Participants Andres Ocampo - Chief Executive Officer Veronica Davila - Chief Financial Officer Augusto Zubillaga - Chief Technical Officer Conference Call Participants Alejandro Demichelis - Nau Securities Stephane Foucaud - Auctus Advisors Roman Rossi - Canaccord Oriana Covault - Balanz Operator Good morning, and welcome to the GeoPark Limited Conference Call following the Results Announcement for the Fourth Quar ...
GeoPark(GPRK) - 2022 Q3 - Earnings Call Transcript
2022-11-10 21:07
GeoPark Limited (NYSE:GPRK) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Andres Ocampo - CEO Veronica Davila - CFO Augusto Zubillaga - CTO Martin Terrado - COO Stacy Steimel - Shareholder Value & Director Conference Call Participants Daniel Guardiola - BTG Alejandro Demichelis - Nau Securities Phil Skolnick - Eight Capital Roman Rossi - Canaccord Operator Good morning, and welcome to GeoPark Limited Conference Call following the results announcement for the Third Quart ...
GeoPark(GPRK) - 2022 Q2 - Earnings Call Transcript
2022-08-11 20:26
GeoPark Limited (NYSE:GPRK) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Andres Ocampo - Chief Executive Officer Veronica Davila - Chief Financial Officer Martin Terrado - Director of Operations Conference Call Participants Alejandro Demichelis - Nau Securities Stephane Foucaud - Auctus Advisors Oriana Covault - Balanz Roman Rose - Canaccord Genuity Operator Good morning and welcome to the GeoPark Limited Conference Call following the results announcement for the Second ...
GeoPark(GPRK) - 2022 Q1 - Earnings Call Transcript
2022-05-12 18:15
GeoPark Limited (NYSE:GPRK) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants James Park - Chief Executive Officer Andrés Ocampo - Chief Financial Officer Augusto Zubillaga - Chief Operating Officer Martin Terrado - Director of Operations Veronica Davila - Commercial Director Stacy Steimel - Shareholder Value Director Conference Call Participants Alejandro Demichelis - Nau Securities Oriana Covault - Balanz Stephane Foucaud - Auctus Advisors Operator Good morning and welcome to ...
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]