• We are increasing our target price from US$27 per share to US$38 per share on our newer higher oil price assumptions.
• We are now assuming GeoPark will retain its interests in the Manati field in Brazil. With gas realizations now ~US$10/mcf, this has a positive impact on NAV and cashflow. We now expect GeoPark will produce ~39 mboe/d in 2022 (+1 mboe/d compared to our previous expectations), increasing to ~41 mboe/d in 2023 with a long plateau around that level. Excluding Brazil, oil represen ....
04 Apr 2022
GeoPark Limited (NYSE: GPRK): Quality play in Latin America with very large exploration upside.
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GeoPark Limited (NYSE: GPRK): Quality play in Latin America with very large exploration upside.
- Published:
04 Apr 2022 -
Author:
Stephane Foucaud -
Pages:
5
• We are increasing our target price from US$27 per share to US$38 per share on our newer higher oil price assumptions.
• We are now assuming GeoPark will retain its interests in the Manati field in Brazil. With gas realizations now ~US$10/mcf, this has a positive impact on NAV and cashflow. We now expect GeoPark will produce ~39 mboe/d in 2022 (+1 mboe/d compared to our previous expectations), increasing to ~41 mboe/d in 2023 with a long plateau around that level. Excluding Brazil, oil represen ....