GeoPark Announces Fourth Quarter 2020 Operational Update

(BUSINESS WIRE)–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, Ecuador, Chile, Brazil and Argentina, today announced its operational update for the three-month period ended December 31, 2020 (“4Q2020”).

All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.

Highlights

Extending 18-Year Production Growth Track Record and Hitting Production Targets

  • Annual average production of 40,192 boepd in 2020, hitting 40,000-42,000 boepd guidance
  • 2020 exit production over 40,000 boepd
  • Consolidated oil and gas production of 39,304 boepd
  • CPO-5 block (GeoPark non-operated, 30% WI) production increased to 10,310 bopd gross, 55% higher compared to 3Q2020

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