GeoPark posted 4Q17 and exit 2017 production volumes that exceeded expectations. Stronger volumes were from Colombia and Brazil. We have increased our 2018e production forecast by 1% to 34,800 boe/d and cash flow estimate by 2% to US$172 mm. We are forecasting significant free cash flow generation in 2018e. GeoPark will release its year-end 2017e reserves in February 2017e, which should be a catalyst event for the stock, given the successful drilling campaign on the LLA-34 Block (45% WI,
10 Jan 2018
Exit 2017 production greater than expected
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Exit 2017 production greater than expected
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
10 Jan 2018 -
Author:
Darren B. Engels -
Pages:
8
GeoPark posted 4Q17 and exit 2017 production volumes that exceeded expectations. Stronger volumes were from Colombia and Brazil. We have increased our 2018e production forecast by 1% to 34,800 boe/d and cash flow estimate by 2% to US$172 mm. We are forecasting significant free cash flow generation in 2018e. GeoPark will release its year-end 2017e reserves in February 2017e, which should be a catalyst event for the stock, given the successful drilling campaign on the LLA-34 Block (45% WI,