GeoPark Announces Agreement to sell 10% wi in the Manati Gas Field in Brazil - GeoPark
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Bogota, Colombia – 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, Ecuador, Chile, Brazil and Argentina today announced that its Board of Directors has approved an agreement to sell its 10% non-operated working interest (“WI”) in the Manati gas field in Brazil to Gas Bridge S.A. (“Gas Bridge”).

The total consideration of the transaction amounts to R$144.4 million (approximately $27 million1), including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is subject to obtaining certain regulatory approvals.

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