GeoPark Announces Successful New Appraisal Drilling and Field Extension Results in the Jacana Oil Field in Colombia - GeoPark
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Santiago, Chile – 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 testing of the Jacana 5 appraisal well in the Jacana oil field in the Llanos 34 Block (GeoPark operated with a 45% working interest) in Colombia.

GeoPark drilled and completed the Jacana 5 appraisal well to a total depth of 11,467 feet. A test conducted with an electric submersible pump in the Guadalupe formation resulted in a production rate of approximately 2,500 barrels of oil per day of 15.5 degrees API, with less than 1% water cut, through a choke of 41/64 mm and wellhead pressure of 90 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.

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

Read the full press release.