GeoPark Announces Closing of Amerisur Acquisition

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, Peru, Argentina, Brazil, Chile and Ecuador, today announced that it has closed the previously announced acquisition of Amerisur Resources Plc. (“Amerisur”) (LON: AMER).

GeoPark acquired the entire issued share capital of Amerisur for a total cash consideration of approximately $314 million (approximately £242 million at an offer price of 19.21 pence per share). The Company is funding the transaction through the issuance of $350 million 5.5% senior notes due 2027, to be used for the Amerisur acquisition and for general corporate purposes.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.