GeoPark Announces Colombia Acreage Acquisition on Trend With Llanos 34 Block - 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 Peru, today announced a farm-in agreement with its joint venture partner Parex to drill the Zamuro exploration prospect.

The Zamuro prospect is located in Llanos 32 block (where GeoPark currently has a non-operated 12.5% WI), adjacent to the prolific Llanos 34 block (GeoPark operated, 45% WI). The farm-in agreement provides for the drilling of an exploration well to be funded by GeoPark and, in the event of a commercial discovery, GeoPark would increase its economic interest to 56.25% in the Zamuro field area. The well is scheduled to be drilled in the second half of 2018.

Read the full press release.