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BRIEF-GeoPark Announces Exclusive Negotiations For Unconventional Blocks In Vaca Muerta
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BRIEF-GeoPark Announces Exclusive Negotiations For Unconventional Blocks In Vaca Muerta
Apr 11, 2024 5:19 AM

April 11 (Reuters) - GeoPark Ltd ( GPRK ):

* GEOPARK ANNOUNCES EXCLUSIVE NEGOTIATIONS FOR

UNCONVENTIONAL

BLOCKS IN VACA MUERTA IN ARGENTINA

* GEOPARK LTD ( GPRK ) - SUBMITTED A BINDING OFFER TO ACQUIRE A

NON-OPERATED WORKING INTEREST (WI) IN UNCONVENTIONAL BLOCKS IN

NEUQUEN BASIN IN ARGENTINA

* GEOPARK LTD ( GPRK ) - AGREED ACQUISITION PRICE IS AROUND $200

MILLION,

PLUS AN ADDITIONAL CARRY OF $110 - 120 MILLION (GROSS), OVER A

TWO YEAR PERIOD

* GEOPARK LTD ( GPRK ): GEOPARK INTENDS TO FUND ACQUISITION THROUGH A

COMBINATION OF CASH ON HAND, AVAILABLE CREDIT FACILITIES AND NEW

FINANCING

* GEOPARK LTD ( GPRK ) - UPON CLOSING, ASSETS WOULD IMMEDIATELY

CONTRIBUTE

MORE THAN 5,000 NET BOEPD OF PRODUCTION

Source text for Eikon:

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