GeoPark previously reported 1Q16 production results of 22,518 boe/d with the Company’s operational update on April 19, 2016. Normalized cash flow results for 1Q16 of US$3 mm were in line with expectations. With an improving Brent oil price in 2Q16e, versus 1Q16, GeoPark’s 2016 capital program will revert back to the base level that ranges between US$45 mm and US$55 mm. The Company could potentially drill up to six wells on the LLA-34 Block (45% WI, operator) in Colombia, commencing in 2Q16e. As ....
10 May 2016
Reports 1Q16 Results and Increasing Production Forecast
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Reports 1Q16 Results and Increasing Production Forecast
GeoPark Ltd (0MDP:LON) | 0 0 (-1.2%) | Mkt Cap: 598.8m
- Published:
10 May 2016 -
Author:
Darren B. Engels -
Pages:
8
GeoPark previously reported 1Q16 production results of 22,518 boe/d with the Company’s operational update on April 19, 2016. Normalized cash flow results for 1Q16 of US$3 mm were in line with expectations. With an improving Brent oil price in 2Q16e, versus 1Q16, GeoPark’s 2016 capital program will revert back to the base level that ranges between US$45 mm and US$55 mm. The Company could potentially drill up to six wells on the LLA-34 Block (45% WI, operator) in Colombia, commencing in 2Q16e. As ....