GeoPark (GPRK) Acquires Frontera Energy’s Assets in Colombia

Core Viewpoint - GeoPark Limited (NYSE:GPRK) has announced a significant acquisition of Frontera Energy's assets in Colombia, which is expected to enhance its operational scale and financial performance substantially [3][4]. Group 1: Acquisition Details - GeoPark has signed a deal valued at $375 million in cash, with an additional $25 million contingent on development milestones [3]. - The acquisition is expected to add 147 million barrels of oil equivalent (mmboe) to GeoPark's proven and probable reserves and 99 mmboe to its proven reserves [4]. Group 2: Financial Impact - The deal is projected to increase GeoPark's pro forma production to over 90,000 barrels of oil equivalent per day (boepd) and EBITDA to approximately $950 million by 2028, effectively doubling previous forecasts [4]. - The combination is expected to deliver annual synergies of $30-50 million by 2027 [4]. Group 3: Strategic Importance - The acquisition positions GeoPark as the largest private operator in Colombia, enhancing its growth trajectory and operational resilience [5]. - The transaction allows for a full-field development approach in key assets, supporting sustained production and increased investment activity in the regions where GeoPark operates [5].