• 2Q21 production was 36,500 boe/d. This is above our expectations of 34,400 boe/d that were factoring in a more material impact associated with the protest-related curtailments.
• Based on 1Q21 production, 2Q21 production at Llanos-34 could be ~24,000-25,000 bbl/d and ~3,500 bbl/d at CPO-5.
• Production is now 38-39 mboe/d. We continue to forecast ~40 mboe/d production over 2021.
• Drilling activity continues to accelerate with exploration drilling at CPO-5 starting in 2H21.
• The exploration ....
06 Jul 2021
GeoPark Limited (NYSE: GPRK): Better production than expected in 2Q21. Independent proxy advisory finds that dissident shareholder has not made a compelling case
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GeoPark Limited (NYSE: GPRK): Better production than expected in 2Q21. Independent proxy advisory finds that dissident shareholder has not made a compelling case
- Published:
06 Jul 2021 -
Author:
Stephane Foucaud -
Pages:
5
• 2Q21 production was 36,500 boe/d. This is above our expectations of 34,400 boe/d that were factoring in a more material impact associated with the protest-related curtailments.
• Based on 1Q21 production, 2Q21 production at Llanos-34 could be ~24,000-25,000 bbl/d and ~3,500 bbl/d at CPO-5.
• Production is now 38-39 mboe/d. We continue to forecast ~40 mboe/d production over 2021.
• Drilling activity continues to accelerate with exploration drilling at CPO-5 starting in 2H21.
• The exploration ....