• 2Q21 production of 36,489 boe/d was in line with previous indications. 2Q21 oil production at Llanos-34 and CPO-5 was respectively 24,515 bbl/d and 3,445 bbl/d.
• Production is now 38-39 mboe/d as previously reported with CPO-5 generating approx. 3,900 bbl/d net to GeoPark.
• 2H21 production is expected to be 39-42 mboe/d resulting in FY21 production of 38-40 mboe/d from 41-43 mboe/d. This is very close to our expectations and our FY21 production forecast is broadly unchanged over 2021.
• Th ....
23 Jul 2021
GeoPark Limited (NYSE: GPRK): New guidance close to our expectations. Governance issues resolved. Buy on lows.
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GeoPark Limited (NYSE: GPRK): New guidance close to our expectations. Governance issues resolved. Buy on lows.
- Published:
23 Jul 2021 -
Author:
Stephane Foucaud -
Pages:
5
• 2Q21 production of 36,489 boe/d was in line with previous indications. 2Q21 oil production at Llanos-34 and CPO-5 was respectively 24,515 bbl/d and 3,445 bbl/d.
• Production is now 38-39 mboe/d as previously reported with CPO-5 generating approx. 3,900 bbl/d net to GeoPark.
• 2H21 production is expected to be 39-42 mboe/d resulting in FY21 production of 38-40 mboe/d from 41-43 mboe/d. This is very close to our expectations and our FY21 production forecast is broadly unchanged over 2021.
• Th ....