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 February 2025
__________________
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 cover of Form 20-F or Form 40-F:
GEOPARK LIMITED
TABLE OF CONTENTS
| ITEM |
|
| 1. |
Press Release dated February 25, 2025 titled “GeoPark Announces
Pro Forma 2P Reserve Replacement of 480%” |
Item
1
FOR
IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES PRO FORMA 2P RESERVE REPLACEMENT
OF 480%
PRO FORMA 2P RESERVE LIFE INDEX INCREASED 44%
TO 13.1 YEARS
2P VALUE PER SHARE (NET DEBT-ADJUSTED) OF $27.8
Bogota, Colombia –
February 25, 2025 - GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company
with over 20 years of successful operations across Latin America, today announced its independent oil and gas reserves assessment1,
certified by D&M under PRMS methodology, as of December 31, 2024.
The Company’s 2024
year-end reserves, related net present values, and other information included in this press release incorporate pro forma figures reflecting
the acquisition of four unconventional hydrocarbon blocks in Vaca Muerta, Argentina. This acquisition became effective on July 1, 2024,
and is undergoing customary regulatory approvals from the respective provincial governments.
2024
Year-End D&M Certified Oil and Gas Reserves and Highlights
GeoPark’s 2024 year-end
reserves reflect the ongoing upgrade and recalibration of the Company’s asset base, driven by the incorporation of the Vaca Muerta
blocks and adjustments in its Colombian portfolio. 2P reserves increased 41% year-on-year on a pro-forma basis, supported by the addition
of 74.6 mmboe from Vaca Muerta. At December 31, 2024, 1P reserves of 102.0 mmboe and 2P reserves of 162.2 mmboe showed that the Company
extended its 1P RLI by 54% to 8.2 years, and its 2P RLI by 44% to 13.1 years.
Vaca Muerta’s strong
results reflect the quality of the producing Mata Mora Block and the operating execution to date. Strategic decisions such as prioritization
of landing zones and optimization of completion design are proving their value, driving continuous performance improvements. Furthermore,
an additional 113 mmboe of net 3C contingent resources have been certified in the Confluencia Norte, Confluencia Sur and Mata Mora Sur
exploration blocks, partly underpinned by the successful drilling in 2024 of the first pad in Confluencia Norte. Looking ahead, a pad
to be drilled in Confluencia Sur in 2025 will be a key milestone for confirming further exploration potential.
Organic 2P reserves (excluding the Vaca Muerta
blocks) decreased by approximately 27.5 mmboe, after producing 12.4 mmboe in 2024, mainly due to technical revisions in mature fields,
with the Llanos 34 Block accounting for 48% of the reduction. This decline was driven by updated reservoir performance assessments, well-type
revisions, and factors such as reduced drilling activity and suboptimal well performance, and was partially offset by additional reserves
from ongoing high-value, low-risk drilling campaigns and reservoir management efficiencies. Looking ahead, GeoPark remains focused on
the full optimized development of the Llanos 34 Block, with material net 2P reserves at 64.5 mmboe as estimated by D&M. The strategy
includes expanding waterflooding, piloting polymer flooding, targeted workover campaigns, advanced technologies to reduce water production
and addressing potential facility bottlenecks to enhance production capacity. The success of these efforts would mitigate decline rates,
improve long-term performance, and maximize recovery from the asset.
Following 2024’s strategic progress, GeoPark’s
portfolio is now strategically balanced and diversified, combining the high growth trajectory and potential of the Vaca Muerta blocks
with the established, mature production flows from the Llanos 34 and CPO-5 blocks. Approximately 90% of the Company’s 2P reserves
are concentrated in these three core assets, providing a focused platform for delivery going forward. The portfolio’s combination
of a world-class unconventional resource and a high-performing mature asset allows GeoPark to leverage growth opportunities while maintaining
strong cash flow generation. The Company’s disciplined capital allocation, focus on development and appraisal drilling, and continued
technical improvements position it to drive further reserves replacement and long-term value creation.
_________________
1 All reserves included in this release
refer to GeoPark working interest before royalties paid in kind, except when specified. All figures are expressed in US Dollars. Definitions
of terms are provided in the Glossary on page 4.
Pro Forma Consolidated
Reserves Summary
| · | 1P reserves of 102.0 mmboe, with a RLI of 8.2
years |
| · | 2P reserves of 162.2 mmboe, with a RLI of 13.1
years |
| · | 3P reserves of 255.1 mmboe, with a RLI of 20.6
years |
Pro Forma Net Present
Value and Value Per Share
| · | 1P NPV10 After Tax of $1.2 billion |
| · | Net debt-adjusted 1P NPV10 After Tax of $15.3
per share |
| · | 2P NPV10 After Tax of $1.8 billion |
| · | Net debt-adjusted 2P NPV10 After Tax of $27.8
per share |
Andrés Ocampo, Chief Executive Officer of
GeoPark, said: “Our 2024 reserves certification highlights the growing scale and long term potential of our portfolio. The 48% increase
in 1P reserves and the 41% growth in 2P reserves demonstrate the transformational impact of the incorporation of the Vaca Muerta blocks,
and the underlying capacity of these world-class unconventional assets to grow and replace reserves through best-in-class operational
performance. In parallel, the subsurface challenges experienced in our mature Llanos assets have prompted us to reset our expectations
going forward, with updated development plans that maximize value and are underpinned by deep technical rigor, disciplined capital allocation
and operational efficiency. With a stronger, more diversified and resilient reserve base, we have extended our reserves life and are well-positioned
to deliver growth.”
2023 Year-End to 2024 Year-End Reserves Evolution
| Total (mmboe) |
PD |
1P |
2P |
3P |
| 2023 Year-End Reserves |
49.7 |
68.8 |
115.0 |
166.9 |
| 2024 Production |
-12.4 |
-12.4 |
-12.4 |
-12.4 |
| Discoveries and Extensions |
1.1 |
1.1 |
1.5 |
1.3 |
| Technical Revisions |
21.6 |
10.6 |
-13.3 |
-40.0 |
| Economic Factors & Other |
-3.1 |
-4.0 |
-3.3 |
-3.5 |
| Total Excluding Vaca Muerta |
56.9 |
64.0 |
87.6 |
112.3 |
| Vaca Muerta Additions (Pro Forma) |
6.0 |
38.0 |
74.6 |
142.8 |
| 2024 Pro Forma Year-End Reserves |
62.9 |
102.0 |
162.2 |
255.1 |
| 2024 Pro Forma Reserve Life (years) |
5.1 |
8.2 |
13.1 |
20.6 |
For more information on GeoPark’s reserves, please refer to the
following link: https://ir.geo-park.com/overview/reserves-annex-2024
OTHER
NEWS
Reporting Date for
4Q2024 Results Release, Conference Call and Webcast
GeoPark will report its
4Q2024 and Annual 2024 financial results on Wednesday, March 5, 2025, after the market close.
In conjunction with the
4Q2024 results press release, GeoPark management will host a conference call on March 6, 2025, at 10:00 am (Eastern Standard Time) to
discuss the 4Q2024 financial results.
To listen to the call, participants can access
the webcast located in the Invest with Us section of the Company’s website at www.geo-park.com, or by clicking below:
https://events.q4inc.com/attendee/423174919
Interested parties may participate in the conference
call by dialing the numbers provided below:
United States Participants: +1 404-975-4839
Global Dial-In Numbers:
https://www.netroadshow.com/conferencing/global-numbers?confId=68476
Passcode: 595176
Please allow extra time prior to the call to visit
the website and download any streaming media software that might be required to listen to the webcast.
An archive of the webcast replay will be made available
in the Invest with Us section of the Company’s website at www.geo-park.com after the conclusion of the live call.
For further information, please
contact:
|
|
|
INVESTORS:
|
|
|
Maria Catalina Escobar
Shareholder Value and Capital Markets Director |
mescobar@geo-park.com |
| |
|
|
Miguel Bello
Investor Relations Officer |
mbello@geo-park.com |
| |
|
|
Maria Alejandra Velez
Investor Relations Leader |
mvelez@geo-park.com |
| |
|
|
MEDIA:
|
|
| Communications Department |
communications@geo-park.com
|
GLOSSARY
| 1P |
Proven Reserves |
| 2P |
Proven plus Probable Reserves |
| 3P |
Proven plus Probable plus Possible Reserves |
| boe |
Barrels of oil equivalent (6,000 cf marketable gas per bbl of oil equivalent). Marketable gas is defined as the total gas produced from the reservoir after reduction for shrinkage resulting from field separation; processing, including removal of nonhydrocarbon gas to meet pipeline specifications; and flare and other losses but not from fuel usage |
| Certified Reserves |
Refers to GeoPark working interest reserves before royalties paid
in kind, independently evaluated by the petroleum consulting firm D&M under PRMS methodology |
| D&M |
DeGolyer and MacNaughton Corp. |
| mboed |
Thousands of barrels of oil equivalent per day |
| mmboe |
Millions of barrels of oil equivalent |
| NPV10 After Tax |
Net Present Value after tax discounted at 10% rate |
| PD |
Proven Developed Reserves |
| PRMS |
Petroleum Resources Management System |
| RLI |
Reserve Life Index |
| RRR |
Reserve Replacement Ratio |
NOTICE
Additional information
about GeoPark can be found in the Invest with Us section of the website at www.geo-park.com
The reserve estimates provided in this release
are estimates only, and there is no guarantee that the estimated reserves will be recovered. Actual reserves may eventually prove to be
greater than, or less than, the estimates provided herein. Statements relating to reserves are by their nature forward-looking statements.
Gas quantities estimated
herein are reserves to be produced from the reservoirs, available to be delivered to the gas pipeline after field separation prior to
compression. Gas reserves estimated herein include fuel gas.
Rounding amounts and percentages:
Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included
in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior
to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations
using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to
rounding.
Oil and gas production
figures included in this release are stated before the effect of royalties paid in kind, consumption and losses.
All evaluations of future
net revenue contained in the D&M Reports are after the deduction of cash royalties, development costs, operating expenses, production
and profit taxes, fees, earn out payments, well abandonment costs, and country income taxes from the future gross revenue. It should not
be assumed that the estimates of future net revenues presented in the tables represent the fair market value of the reserves. The actual
production, revenues, taxes and development, and operating expenditures with respect to the reserves associated with the Company's properties
may vary from the information presented herein, and such variations could be material. In addition, there is no assurance that the forecast
price and cost assumptions contained in the D&M Report will be attained, and variances could be material.
CAUTIONARY
STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains
statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified
by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe’’, ‘‘could,’’
‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’
‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number
of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding
various matters including NPV10 After Tax, our reserves, closing of the Vaca Muerta acquisition, pad drilling and exploration potential,
and full optimized development of the Llanos 34 block. Forward-looking statements are based on management’s beliefs and assumptions,
and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may
differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements
speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information
or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to
reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking
statements are realized, see the Company’s filings with the U.S. Securities and Exchange Commission (SEC).
This press release contains
a number of oil and gas metrics, including NPV after tax per share, reserve life index, net debt-adjusted NPV per share, etc., which do
not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures
used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional
measures to evaluate the Company's performance; however, such measures are not reliable indicators of the future performance of the Company
and future performance may not compare to the performance in previous periods.
Information about oil
and gas reserves: The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proven, probable and possible
reserves that meet SEC definitions for such terms. GeoPark uses certain terms in this press release, such as "PRMS Reserves"
that SEC guidelines do not permit GeoPark from including in filings with the SEC. As a result, the information in the Company’s
SEC filings with respect to reserves will differ significantly from the information in this press release. NPV10 After Tax for PRMS 1P,
2P and 3P reserves is not a substitute for the standardized measure of discounted future net cash flows for SEC proved reserves.
Annex – 2024 Reserves Report
2024 Year-End Reserves Summary by Country and Category
| Country |
Reserves
Category |
2024
(mmboe) |
% Oil |
2023
(mmboe) |
% Change |
| Colombia |
PD |
55.3 |
100% |
46.7 |
18% |
| |
1P |
62.1 |
100% |
63.9 |
-3% |
| |
2P |
84.8 |
100% |
106.4 |
-20% |
| |
3P |
106.2 |
100% |
155.0 |
-31% |
| Ecuador |
PD |
0.5 |
100% |
1.5 |
-67% |
| |
1P |
0.9 |
100% |
3.3 |
-73% |
| |
2P |
1.6 |
100% |
7.1 |
-77% |
| |
3P |
4.7 |
100% |
10.3 |
-54% |
| Brazil |
PD |
1.0 |
1% |
1.6 |
-38% |
| |
1P |
1.0 |
1% |
1.6 |
-38% |
| |
2P |
1.1 |
1% |
1.6 |
-31% |
| |
3P |
1.4 |
1% |
1.7 |
-18% |
| Total Organic |
PD |
56.9 |
98% |
49.7 |
15% |
| (Excluding Argentina) |
1P |
64.0 |
98% |
68.8 |
-7% |
| |
2P |
87.6 |
98% |
115.0 |
-24% |
| |
3P |
112.3 |
99% |
166.9 |
-33% |
| Argentina |
PD |
6.0 |
95% |
- |
100% |
| |
1P |
38.0 |
95% |
- |
100% |
| |
2P |
74.6 |
95% |
- |
100% |
| |
3P |
142.8 |
95% |
- |
100% |
| Total Pro forma |
PD |
62.9 |
98% |
49.7 |
27% |
| (Including Argentina) |
1P |
102.0 |
97% |
68.8 |
48% |
| |
2P |
162.2 |
97% |
115.0 |
41% |
| |
3P |
255.1 |
97% |
166.9 |
53% |
Net
Present Value After Tax Summary
The table below details
D&M certified NPV10 After Tax as of December 31, 2024 and December 31, 2023:
| Country |
Reserves Category |
NPV10 After Tax
2024 ($ mm) |
NPV10 After Tax
2023 ($ mm) |
| Colombia |
1P |
837 |
1,060 |
| |
2P |
1,051 |
1,670 |
| |
3P |
1,313 |
2,368 |
| Ecuador |
1P |
17 |
51 |
| |
2P |
32 |
99 |
| |
3P |
82 |
139 |
| Brazil |
1P |
4 |
32 |
| |
2P |
7 |
33 |
| |
3P |
14 |
34 |
| Total Organic |
1P |
858 |
1,142 |
| (Excluding Argentina) |
2P |
1,090 |
1,802 |
| |
3P |
1,409 |
2,542 |
| Argentina |
1P |
316 |
- |
| |
2P |
724 |
- |
| |
3P |
1,540 |
- |
| Total Pro forma |
1P |
1,174 |
- |
| (Including Argentina) |
2P |
1,814 |
- |
| |
3P |
2,949 |
- |
Oil Price Forecast
The price assumptions used to estimate the feasibility of PRMS reserves
and NPV10 After Tax in 2024 and 2023 D&M reports are detailed in the table below:
|
Brent Oil Price
($/bbl) |
2025 |
2026 |
2027 |
2028 |
2029 and forward |
| 2024 Reserves Report |
74.1 |
75.0 |
76.7 |
78.3 |
79.8-90.4 |
| 2023 Reserves Report |
85.6 |
82.2 |
83.9 |
86.0 |
88.2-90.0 |
Pro
Forma Net Present Value per Share by Country
The table below illustrates
the details of the pro forma net debt adjusted PDP NPV10 After Tax per share, as of December 31, 2024:
| 2024 Net Debt Adjusted PDP NPV10 After Tax ($/share) |
Colombia |
Argentina |
Ecuador |
Brazil |
Total |
| PDP Reserves (mmboe) |
55.3 |
6.0 |
0.5 |
1.0 |
62.9 |
| PDP NPV10 After Tax ($ mm) |
777 |
125 |
13 |
4 |
919 |
| Shares Outstanding (mm) |
|
|
|
|
51.2 |
| Subtotal ($/share) |
|
|
|
|
17.9 |
| Net Debt/Share ($/share) |
|
|
|
|
-7.6 |
| Net Debt Adjusted PDP NPV10 After Tax ($/share) |
|
|
|
|
10.3 |
The table below illustrates
the details of the pro forma net debt adjusted 1P NPV10 After Tax per share, as of December 31, 2024:
| 2024 Net Debt Adjusted 1P NPV10 After Tax ($/share) |
Colombia |
Argentina |
Ecuador |
Brazil |
Total |
| 1P Reserves (mmboe) |
62.1 |
38.0 |
0.9 |
1.0 |
102.0 |
| 1P NPV10 After Tax ($ mm) |
837 |
316 |
17 |
4 |
1,174 |
| Shares Outstanding (mm) |
|
|
|
|
51.2 |
| Subtotal ($/share) |
|
|
|
|
22.9 |
| Net Debt/Share ($/share) |
|
|
|
|
-7.6 |
| Net Debt Adjusted 1P NPV10 After Tax ($/share) |
|
|
|
|
15.3 |
The table below illustrates
the details of the pro forma net debt adjusted 2P NPV10 After Tax per share, as of December 31, 2024:
| 2024 Net Debt Adjusted 2P NPV10 After Tax ($/share) |
Colombia |
Argentina |
Ecuador |
Brazil |
Total |
| 2P Reserves (mmboe) |
84.8 |
74.6 |
1.6 |
1.1 |
162.2 |
| 2P NPV10 After Tax ($ mm) |
1,051 |
724 |
32 |
7 |
1,814 |
| Shares Outstanding (mm) |
|
|
|
|
51.2 |
| Subtotal ($/share) |
|
|
|
|
35.4 |
| Net Debt/Share ($/share) |
|
|
|
|
-7.6 |
| Net Debt Adjusted 2P NPV10 After Tax ($/share) |
|
|
|
|
27.8 |
(a) Net debt adjusted
2P NPV10 After Tax per share is shown on a consolidated basis. Net debt considers financial debt of $514.3 million less $124.8 million
(not including $152 millon related to the prepayment under the offtake and prepayment agreement with Vitol) of cash & cash equivalents
(both figures unaudited and as of December 31, 2024).
For further information, please
contact:
|
|
|
INVESTORS:
|
|
|
Maria Catalina Escobar
Shareholder Value and Capital Markets Director |
mescobar@geo-park.com |
| |
|
|
Miguel Bello
Investor Relations Officer |
mbello@geo-park.com |
| |
|
|
Maria Alejandra Velez
Investor Relations Leader |
mvelez@geo-park.com |
| |
|
|
MEDIA:
|
|
| Communications Department |
communications@geo-park.com
|
GLOSSARY
| 1P |
Proven Reserves |
| 2P |
Proven plus Probable Reserves |
| 3P |
Proven plus Probable plus Possible Reserves |
| boe |
Barrels of oil equivalent (6,000 cf marketable gas per bbl of oil equivalent). Marketable gas is defined as the total gas produced from the reservoir after reduction for shrinkage resulting from field separation; processing, including removal of nonhydrocarbon gas to meet pipeline specifications; and flare and other losses but not from fuel usage |
| Certified Reserves |
Refers to GeoPark working interest reserves before royalties paid in kind, independently evaluated by the petroleum consulting firm D&M, under PRMS methodology |
| D&M |
DeGolyer and MacNaughton Corp. |
| mmboe |
Millions of barrels of oil equivalent |
| NPV10 After Tax |
Net Present Value after tax discounted at 10% rate |
| PD |
Proven Developed Reserves |
| PRMS |
Petroleum Resources Management System |
NOTICE
Additional information
about GeoPark can be found in the Invest with Us section of the website at www.geo-park.com
The reserve estimates provided in this release
are estimates only, and there is no guarantee that the estimated reserves will be recovered. Actual reserves may eventually prove to be
greater than, or less than, the estimates provided herein. Statements relating to reserves are by their nature forward-looking statements.
Gas quantities estimated
herein are reserves to be produced from the reservoirs, available to be delivered to the gas pipeline after field separation prior to
compression. Gas reserves estimated herein include fuel gas.
Rounding amounts and percentages:
Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included
in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior
to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations
using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to
rounding.
Oil and gas production
figures included in this release are stated before the effect of royalties paid in kind, consumption and losses.
All evaluations of future
net revenue contained in the D&M Reports are after the deduction of cash royalties, development costs, operating expenses, production
and profit taxes, fees, earn out payments, well abandonment costs, and country income taxes from the future gross revenue. It should not
be assumed that the estimates of future net revenues presented in the tables represent the fair market value of the reserves. The actual
production, revenues, taxes and development, and operating expenditures with respect to the reserves associated with the Company's properties
may vary from the information presented herein, and such variations could be material. In addition, there is no assurance that the forecast
price and cost assumptions contained in the D&M Report will be attained, and variances could be material.
CAUTIONARY
STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains
statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified
by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe’’, ‘‘could,’’
‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’
‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number
of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding
various matters including NPV10 After Tax, our reserves, closing of the Vaca Muerta acquisiton, pad drilling and exploration potential,
and full optimized development of the Llanos 34 block. Forward-looking statements are based on management’s beliefs and assumptions,
and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may
differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements
speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information
or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to
reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking
statements are realized, see the Company’s filings with the U.S. Securities and Exchange Commission (SEC).
This press release contains
a number of oil and gas metrics, including NPV After Tax per share, reserve life index, net debt-adjusted NPV per share, etc., which do
not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures
used by other companies and should not be used to make comparisons. Such metrics have been included herein to provide readers with additional
measures to evaluate the Company's performance; however, such measures are not reliable indicators of the future performance of the Company
and future performance may not compare to the performance in previous periods.
Information about oil
and gas reserves: The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proven, probable and possible
reserves that meet SEC definitions for such terms. GeoPark uses certain terms in this press release, such as "PRMS Reserves"
that SEC guidelines do not permit GeoPark from including in filings with the SEC. As a result, the information in the Company’s
SEC filings with respect to reserves will differ significantly from the information in this press release. NPV10 After Tax for PRMS 1P,
2P and 3P reserves is not a substitute for the standardized measure of discounted future net cash flows for SEC proved reserves.
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
| |
|
GeoPark Limited |
| |
|
|
| |
|
|
| |
|
By: |
/s/ Jaime Caballero Uribe |
| |
|
|
Name: |
Jaime Caballero Uribe |
| |
|
|
Title: |
Chief Financial Officer |
Date:
February 26, 2025
GeoPark (NYSE:GPRK)
Historical Stock Chart
From Feb 2025 to Mar 2025
GeoPark (NYSE:GPRK)
Historical Stock Chart
From Mar 2024 to Mar 2025
