• 2Q22 operating cash flow of US$123 mm was ~US$10 mm higher than our forecast due to higher revenue and lower cash taxes than we anticipated. The lower tax might be due to FX effect and potentially reflects timing of payments.
• The FY22 production guidance of 38.5-40.5 mboe/d with US$200 220 mm capex has been re-iterated. Current production is ~39-40 mboe/d.
• GeoPark has Initiated production tests in the Cante Flamenco exploration well, where preliminary logging information indicated ~40 ft ....
12 Aug 2022
GeoPark Limited (NYSE: GPRK): Very high cash flow in 2Q22. Increasing dividend by 50%.
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GeoPark Limited (NYSE: GPRK): Very high cash flow in 2Q22. Increasing dividend by 50%.
- Published:
12 Aug 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 2Q22 operating cash flow of US$123 mm was ~US$10 mm higher than our forecast due to higher revenue and lower cash taxes than we anticipated. The lower tax might be due to FX effect and potentially reflects timing of payments.
• The FY22 production guidance of 38.5-40.5 mboe/d with US$200 220 mm capex has been re-iterated. Current production is ~39-40 mboe/d.
• GeoPark has Initiated production tests in the Cante Flamenco exploration well, where preliminary logging information indicated ~40 ft ....