GeoPark Exits Vaca Muerta Deal, Focuses on Strategic Growth Plans

GeoPark Limited (GPRK) recently announced the termination of its previously disclosed agreement with Phoenix Global Resources, which involved acquiring a non-operated working interest in four unconventional blocks in Argentina’s Vaca Muerta. The deal, governed by a FarmOut Agreement, included an “Outside Date” clause that allowed either party to withdraw by May 13, 2025. Phoenix exercised this option, leading to the transaction’s cancellation.Despite the withdrawal, GeoPark remains undeterred and focused on ...