GeoPark (GPRK) Acquires Unconventional Blocks in Argentina

GeoPark Limited (GPRK) has signed an agreement to purchase non-operated working interest in four adjacent unconventional blocks in the Neuquén Basin in Argentina from Phoenix Global Resources. The latter is a subsidiary of Mercuria Energy Trading. GPRK will acquire a 45% working interest in the Mata Mora Norte producing block and Mata Mora Sur exploration block, and a 50% working interest in the Confluencia Norte and Confluencia Sur exploration blocks. The company will acquire 122,315 gross acres (58,402 ne ...