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GeoPark Announces Colombia Acreage Acquisition

Source: www.gulfoilandgas.com 12/21/2017, Location: South America

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GeoPark Limited (GeoPark) (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina and Peru, announced a farm-in agreement with its joint venture partner Parex to drill the Zamuro exploration prospect.

The Zamuro prospect is located in Llanos 32 block (where GeoPark currently has a non-operated 12.5% WI), adjacent to the prolific Llanos 34 block (GeoPark operated, 45% WI). The farm-in agreement provides for the drilling of an exploration well to be funded by GeoPark and, in the event of a commercial discovery, GeoPark would increase its economic interest to 56.25% in the Zamuro field area. The well is scheduled to be drilled in the second half of 2018.

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