Brief: GeoPark Announces Agreement To Acquire Colombia And Chile Oil And Gas Assets

LX International

27/11/2018 14:24

Nov 27 (Reuters) - GeoPark Ltd  GPRK.N :
    * GEOPARK ANNOUNCES AN AGREEMENT TO ACQUIRE COLOMBIA AND
CHILE OIL
AND GAS ASSETS FROM LG INTERNATIONAL
    * GEOPARK LTD - ACQUISITION PRICE INCLUDES A FIXED PAYMENT
OF $81
MILLION PAYABLE AT CLOSING, PLUS TWO EQUAL INSTALLMENTS OF $15
MILLION EACH
    * GEOPARK LTD - DEAL ALSO HAS THREE CONTINGENT PAYMENTS OF
$5
MILLION EACH COULD BE PAYABLE OVER NEXT THREE YEARS
    * GEOPARK LTD - AGREEMENT TO ACQUIRE LG INTERNATIONAL
CORPORATION
INTEREST IN GEOPARK'S COLOMBIAN AND CHILEAN OPERATIONS AND
SUBSIDIARIES

Source text for Eikon:  ID:nBw23hRDva 
Further company coverage:  GPRK.N 

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