GeoPark Reports Results for the First Quarter 2016

CASH FLOW POSITIVE ASSETS DURING LOWEST OIL PRICE PERIOD

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: “GPRK”), a leading Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru¹ reports its consolidated financial results for the three-month period ended March 31, 2016 (“First Quarter” or “1Q2016”).

A conference call to discuss 1Q2016 results will be held on May 10, 2016 at 10 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.

FIRST QUARTER 2016 HIGHLIGHTS

Operational:

• Oil and gas production up 15% to 22,518 boepd

-Oil production up 16% to 16,347 boepd

-Gas production up 12% to 37.0 mmcfpd

• Operating costs of $3.4 per barrel achieved in GeoPark-operated Llanos 34 block in Colombia from ongoing cost efficiency efforts

-Other meaningful consolidated reductions: Operating costs down 49%, G&A down 23%, cash costs per boe down 41%, capital expenditures down 31%

• Drilling program underway

-New gas drilling in Chile with Pampa Larga 16 gas well drilled and put on production

-Rig mobilized to drill 3-6 wells in Colombia

• Modular work program allows continuous adjustment for oil prices

-During First Quarter, marginal fields were temporarily shut-in and capital projects deferred

-Second Quarter price strengthening allows resumption of original base work program

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