• At US$65/bbl for Brent, we estimate GeoPark could generate ~US$290 mm of operating cashflow in 2022 (on ~39 mboe/d production excluding Argentina). This leaves ample room for the company to fund a very exciting drilling programme in 2022.
• Initiation of the drilling campaign in CPO-5, with 5-6 wells to be drilled on the license by the end of 1Q22. This includes 1-2 wells in 4Q21 and 3-4 wells in 1Q22 (including 2-3 exploration wells).
• The first exploration well in Ecuador is also expected ....
06 Oct 2021
GeoPark Limited (NYSE: GPRK): Next 15 months full of catalysts in Llanos 34’s backyard
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GeoPark Limited (NYSE: GPRK): Next 15 months full of catalysts in Llanos 34’s backyard
- Published:
06 Oct 2021 -
Author:
Stephane Foucaud -
Pages:
5
• At US$65/bbl for Brent, we estimate GeoPark could generate ~US$290 mm of operating cashflow in 2022 (on ~39 mboe/d production excluding Argentina). This leaves ample room for the company to fund a very exciting drilling programme in 2022.
• Initiation of the drilling campaign in CPO-5, with 5-6 wells to be drilled on the license by the end of 1Q22. This includes 1-2 wells in 4Q21 and 3-4 wells in 1Q22 (including 2-3 exploration wells).
• The first exploration well in Ecuador is also expected ....