• 2Q20 production of 36.9 mboe/d was slightly ahead of our expectations (35.8 mboe/d). Importantly the company ended the period with ~US$158 mm in line with the end of March.
• 70-80% of the 6.5-7.5 mboe/d production that had been temporarily shutdown has been restored.
• GeoPark is also accelerating drilling activities in 2H20 beyond the level previously indicated by Parex Resources. GeoPark, the operator of Llanos-34, anticipates drilling 6-8 wells on the licence (Parex had previously indicate ....
17 Jul 2020
GeoPark Limited (NYSE: GPRK): Strong quarter, more drilling than expected
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GeoPark Limited (NYSE: GPRK): Strong quarter, more drilling than expected
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
17 Jul 2020 -
Author:
Stephane Foucaud -
Pages:
5
• 2Q20 production of 36.9 mboe/d was slightly ahead of our expectations (35.8 mboe/d). Importantly the company ended the period with ~US$158 mm in line with the end of March.
• 70-80% of the 6.5-7.5 mboe/d production that had been temporarily shutdown has been restored.
• GeoPark is also accelerating drilling activities in 2H20 beyond the level previously indicated by Parex Resources. GeoPark, the operator of Llanos-34, anticipates drilling 6-8 wells on the licence (Parex had previously indicate ....