GeoPark (GPRK) has released an update.
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.
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