GeoPark Announces Strategic Investment by Grupo Gilinski to Accelerate Long-term Growth Strategy

Core Viewpoint - GeoPark Limited has announced a strategic investment from Grupo Gilinski, which will enhance its financial flexibility and support its long-term growth strategy in the Latin American energy sector [1][2]. Investment Details - Colden Investments S.A., an affiliate of Grupo Gilinski, invested approximately $107 million to acquire 12,876,053 newly issued common shares at a price of $8.31 per share, resulting in Colden holding about 20% of GeoPark's outstanding shares [1][2]. - This investment positions Colden as the largest shareholder of GeoPark, reflecting confidence in the company's assets and strategic vision [1]. Strategic Vision - The investment aligns with GeoPark's ambition to become the leading independent oil and gas platform in Latin America through disciplined growth and value generation [1]. - Grupo Gilinski recognizes opportunities for GeoPark in Colombia, Argentina, and potentially Venezuela, emphasizing the company's operational capabilities and regional experience [1][2]. Governance Structure - The transaction includes ownership limitations for the next 12 months, requiring Board approval for any increase in ownership above 32% [2]. - Colden is entitled to nominate two directors to GeoPark's Board, ensuring that the governance structure maintains a majority of independent directors [2]. Financial Flexibility - GeoPark plans to use the capital from this investment to support corporate initiatives, maintain balance-sheet strength, fund organic development in Colombia and Argentina, and pursue accretive M&A opportunities [2]. - The transaction is expected to enhance GeoPark's ability to execute its growth roadmap with greater speed and flexibility, ultimately driving sustainable per-share shareholder value creation [2].