May 13 (Reuters) - GeoPark Ltd ( GPRK ):

* GEOPARK ANNOUNCES ACQUISITION OF WORKING INTEREST IN FOUR

HIGH

QUALITY ADJACENT BLOCKS IN WORLD CLASS VACA MUERTA

* GEOPARK WILL PAY $190 MILLION FOR A TOTAL OF 122,315 GROSS

ACRES

* SIGNED AN ASSET PURCHASE AGREEMENT WITH PHOENIX GLOBAL

RESOURCES

* AGREEMENT FOR ACQUISITION OF NON-OPERATED WORKING INTEREST

IN

FOUR ADJACENT UNCONVENTIONAL BLOCKS IN NEUQUÉN BASIN IN

ARGENTINA

* IN ADDITION TO UPFRONT CONSIDERATION, GEOPARK WILL FUND

100% OF

EXPLORATORY COMMITMENTS UP TO $113 MILLION GROSS

* NEW ASSETS WOULD INCREASE GEOPARK'S 2024 PRODUCTION BY AN

ESTIMATED 5,500-6,500 NET BOEPD

* UPFRONT CONSIDERATION WILL BE FUNDED WITH A MIX OF

AVAILABLE

CASH AND A PARTIAL DRAW OF AN EXISTING OIL PREPAYMENT FACILITY

* LONGER TERM COMMITMENTS WILL BE FUNDED WITH A COMBINATION

OF

CASH GENERATED BY ASSETS AND FINANCING

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