• Operations continue to be on track with FY20 production guidance re-iterated at 40-42 mboe/d and capex of U$65-75 mm to drill 6-8 wells at Llanos-34 and 1-2 wells at CPO-5.
• The only item of interest in the 2Q20 financials was the fact that GeoPark did not pay any cash tax in 2Q20 (we were carrying a payment of US$40 mm). This explains why the cash balance at the end of June was so much higher than we expected at the time of the 2Q20 operating update in July). This also reflects important pos ....
07 Aug 2020
GeoPark Limited (NYSE: GPRK): Cash tax reduction and high impact drilling
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GeoPark Limited (NYSE: GPRK): Cash tax reduction and high impact drilling
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
07 Aug 2020 -
Author:
Stephane Foucaud -
Pages:
5
• Operations continue to be on track with FY20 production guidance re-iterated at 40-42 mboe/d and capex of U$65-75 mm to drill 6-8 wells at Llanos-34 and 1-2 wells at CPO-5.
• The only item of interest in the 2Q20 financials was the fact that GeoPark did not pay any cash tax in 2Q20 (we were carrying a payment of US$40 mm). This explains why the cash balance at the end of June was so much higher than we expected at the time of the 2Q20 operating update in July). This also reflects important pos ....