GeoPark Announces Continued Drilling Success in Colombia - 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 the successful drilling and testing of the Tigana 4 development well at a rate over 3,200 bopd in the Tigana oil field in the Llanos 34 Block (GeoPark operated with a 45% working interest) in Colombia.

GeoPark drilled and completed the Tigana 4 well to a total depth of 11,150 feet. A test conducted with an electric submersible pump in the Guadalupe formation resulted in a production rate of approximately 3,200 bopd of 15.3 degrees API, with less than 1% water cut, through a choke of 44/64 mm and wellhead pressure of 100 pounds per square inch. Additional production history will be required to determine stabilized flow rates of the well. Surface facilities are in place and the well is already in production.

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

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