GeoPark (GPRK) has released an update.
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GeoPark Limited has entered a lucrative offtake and prepayment agreement with Vitol, enhancing the company’s price realizations by up to $0.60 per barrel and securing an immediate line of funding up to $500 million. This deal, starting July 1, 2024, not only bolsters GeoPark’s financial flexibility but also propels its potential for future growth within the Latin American oil and gas sector.
For further insights into GPRK stock, check out TipRanks’ Stock Analysis page.