GeoPark reports first quarter 2017 resultsMay 10, 2017RECORD OIL AND GAS PRODUCTION TRIPLED ADJUSTED EBITDA, DELIVERED NET INCOME AND CONTINUED DELEVERAGINGGeoPark 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 reports its consolidated financial results for the three- month period ended March 31, 2017 (“First Quarter” or “1Q2017”).A conference call to discuss 1Q2017 Financial Results will be held on May 11, 2017 at 10:00 am Eastern Daylight Time.All figures are expressed in US Dollars and growth comparisons refer to the same period of the prior year, except when specified. Definitions and terms used herein are provided in the Glossary at the end of this document. This release does not contain all of the Company’s financial information. As a result, this release should be read in conjunction with GeoPark’s consolidated financial statements and the notes to those statements for the period ended March 31, 2017, available on the Company’s website.FIRST QUARTER 2017 HIGHLIGHTSOperational:Record oil and gas productionConsolidated oil and gas production rose by 12% to a record 25,180 boepdOil production increased by 25% to 20,487 bopd, representing 81% of total productionGas production declined by 24% to 28.2 mmcfpdCurrent production of 26,500 boepd Exploration, appraisal and development drilling successIn Colombia, Llanos 34 Block (GeoPark operated with a 45% WI):Exploration: Chiricoca 1 well discovered in a new oil field and currently producing 950 bopd gross. Sinsonte 1 well testing western fault trend was unsuccessful and was plugged and abandoned. Jacamar 1 well currently being drilledAppraisal: Jacana 11 well completed, testing and currently producing 3,200 bopd and Jacana Sur 2 appraisal well waiting for completion and testing in the coming weeksDevelopment: Tigana Sur 6 well completed, tested and currently producing 1,700 bopd gross. Jacana Sur 1 well drilled, completed and currently testing 900 bopd gross from Guadalupe formation and Jacana 7 well drilled, completed and currently testing at 1,175 bopd gross from Guadalupe formation. Jacana 8 well drilled and completed with testing planned during May Financial:Self-funding program drives financial performanceRevenue increased 82% to $66.7 millionOperating netbacks more than doubled to $24.0 per boeAdjusted EBITDA jumped over three times to $38.8 million or $19.0 per boeCash flow from operations of $45.2 million almost doubled capex of $23.5 millionNet income of $5.8 millionBalance sheet deleveraging and strengtheningFinancial debt repayment of $11.3 million during the quarterGross debt to Adjusted EBITDA declined sharply from 5.3x to 3.2xNet debt to Adjusted EBITDA decreased from 4.3x to 2.6xHedged 55-60% of 2Q2017 oil production at a Brent price floor of $50-$54/bblEnded the quarter with $70.3 million in cash and cash equivalents→ Read the full press release. SHARE