• 1Q22 production and net cash at the end of March had already been reported.
• CPO-5 continues to perform very well with >20 mbbl/d gross production, (+1 mbbl/d versus previous indications).
• In light of the high oil price, GeoPark is increasing its FY22 activity programme with the FY22 capex guidance now standing at US$200 220 mm (US$160-180 mm previously) to drill 50-55 wells (+8-9 wells versus previous guidance).
• The company is also increasing its FY22 production guidance from 35.5-37.5 m ....
12 May 2022
GeoPark Limited (NYSE: GPRK): Increasing activity, boosting production guidance
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GeoPark Limited (NYSE: GPRK): Increasing activity, boosting production guidance
- Published:
12 May 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 1Q22 production and net cash at the end of March had already been reported.
• CPO-5 continues to perform very well with >20 mbbl/d gross production, (+1 mbbl/d versus previous indications).
• In light of the high oil price, GeoPark is increasing its FY22 activity programme with the FY22 capex guidance now standing at US$200 220 mm (US$160-180 mm previously) to drill 50-55 wells (+8-9 wells versus previous guidance).
• The company is also increasing its FY22 production guidance from 35.5-37.5 m ....