Brief: GeoPark Announces Exclusive Negotiations For Unconventional Blocks In Vaca Muerta

GeoPark

11/04/2024 12:50

April 11 (Reuters) - GeoPark Ltd  GPRK.N :
    * GEOPARK ANNOUNCES EXCLUSIVE NEGOTIATIONS FOR
UNCONVENTIONAL
BLOCKS IN VACA MUERTA IN ARGENTINA
    * GEOPARK LTD - SUBMITTED A BINDING OFFER TO ACQUIRE A
NON-OPERATED WORKING INTEREST (WI) IN UNCONVENTIONAL BLOCKS IN
NEUQUEN BASIN IN ARGENTINA
    * GEOPARK LTD - AGREED ACQUISITION PRICE IS AROUND $200
MILLION,
PLUS AN ADDITIONAL CARRY OF $110 - 120 MILLION (GROSS), OVER A
TWO YEAR PERIOD
    * GEOPARK LTD: GEOPARK INTENDS TO FUND ACQUISITION THROUGH A
COMBINATION OF CASH ON HAND, AVAILABLE CREDIT FACILITIES AND NEW
FINANCING
    * GEOPARK LTD - UPON CLOSING, ASSETS WOULD IMMEDIATELY
CONTRIBUTE
MORE THAN 5,000 NET BOEPD OF PRODUCTION

Source text for Eikon:  ID:nBw9W2VGla 
Further company coverage:  GPRK.N 

 ((Reuters.Briefs@thomsonreuters.com;))