GeoPark Announces New Curucucu Oil Field Discovery in 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, Chile, Brazil, Argentina and Peru, today announced the discovery of the new Curucucu oil field in the Llanos 34 block (GeoPark operated with a 45% WI) in Colombia.

GeoPark drilled and completed the Curucucu 1 exploration well to a total depth of 14,600 feet. A production test conducted with an electric submersible pump in the Guadalupe formation resulted in a production rate of approximately 1,700 barrels of oil per day, of 15.8 degrees API, with 0.4% water cut, through a choke of 100/64 inches and wellhead pressure of 70 pounds per square inch. Additional production history is required to determine stabilized flow rates of the well. Surface facilities are in place and the well is already in production. Petrophysical log analysis during drilling also indicated the presence of potentially productive hydrocarbons in the shallower Mirador formation.

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