Divesting non core asset in Brazil
• GeoPark is selling its 10% non-operated working interest in the Manati gas field in Brazil to Gas Bridge.
• The total consideration amounts to R$144.4 mm (approximately US$27 mm), including a fixed payment of R$124.4 mm and an earn-out of R$20.0 mm.
• The transaction has an effective date of 31/12/2020 and is expected to close in 4Q21.
• This does not come as a surprise as two other non-operating partners in the Manati gas field consortium, with a combined 55 ....
24 Nov 2020
GeoPark Limited (NYSE: GPRK): Divesting non core asset in Brazil
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GeoPark Limited (NYSE: GPRK): Divesting non core asset in Brazil
Divesting non core asset in Brazil
• GeoPark is selling its 10% non-operated working interest in the Manati gas field in Brazil to Gas Bridge.
• The total consideration amounts to R$144.4 mm (approximately US$27 mm), including a fixed payment of R$124.4 mm and an earn-out of R$20.0 mm.
• The transaction has an effective date of 31/12/2020 and is expected to close in 4Q21.
• This does not come as a surprise as two other non-operating partners in the Manati gas field consortium, with a combined 55 ....