GeoPark previously reported 2Q16 production of 21,143 boe/d. The Company reported 2Q16 EBITDA of US$20 mm and cash flow of US$12 mm, which was better than our estimate and consensus. GeoPark is positioned for an active 2H16e drilling program on the LLA-34 Block (45% WI, operator) in Colombia. The Jacana-5 appraisal well will soon be tested and there are at least three development wells and one exploration well to be drilled. We are expecting Colombian reserves to increase at year-end 2016e, w
12 Aug 2016
Reports 2Q16 Results and Improved Cash Flows Forecasted
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Reports 2Q16 Results and Improved Cash Flows Forecasted
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
12 Aug 2016 -
Author:
Darren B. Engels -
Pages:
7
GeoPark previously reported 2Q16 production of 21,143 boe/d. The Company reported 2Q16 EBITDA of US$20 mm and cash flow of US$12 mm, which was better than our estimate and consensus. GeoPark is positioned for an active 2H16e drilling program on the LLA-34 Block (45% WI, operator) in Colombia. The Jacana-5 appraisal well will soon be tested and there are at least three development wells and one exploration well to be drilled. We are expecting Colombian reserves to increase at year-end 2016e, w