GeoPark Announces 2017 Work Program and Investment Guidelines - GeoPark
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GeoPark Limited (“GeoPark” or the “Company”) (NYSE: “GPRK”), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru¹, today announced its work and investment program for 2017. (All figures are expressed in US Dollars).

A conference call to discuss 3Q2016 Financial Results and 2017 Work Program and Investment Guidelines will be held on November 15, 2016 at 10 am Eastern Standard Time.

2016: Secure Steady Growth amid Market Volatility

With oil prices plunging as low as $30 per barrel in 2016, GeoPark’s ability to rapidly adjust its modular work and capital program as well as the attractiveness of its asset portfolio were demonstrated by GeoPark continuing its consistent yearly track record of growing reserves and production. Production is targeted for 10% growth during 2016 with expected important reserve increases from the Colombian drilling program and extensions of the Tigana/Jacana oil field complex.

¹Transaction executed with Petroperu on October 1, 2014 with final closing subject to Peru Government approval

Read the full press release.