GeoPark Expands with Key Argentina Acquisition
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GeoPark Expands with Key Argentina Acquisition

GeoPark (GPRK) has released an update.

GeoPark Limited, a leading Latin American oil and gas company, has announced the strategic acquisition of working interests in four high-quality blocks located in Argentina’s prolific Vaca Muerta shale formation, which promises immediate production growth and substantial reserves. The $190 million deal for assets with proven production capabilities and significant exploration upside is set to enhance GeoPark’s portfolio and increase its production by an estimated 5,500-6,500 net barrels of oil equivalent per day. The transaction, which includes a partnership with Phoenix Global Resources, is expected to close by the end of the third quarter of 2024, subject to regulatory approvals.

For further insights into GPRK stock, check out TipRanks’ Stock Analysis page.


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