Exploration & Production | Top Story | Quarterly / Earnings Reports | Production | Fourth Quarter (4Q) Update | Forecast - Production
GeoPark Exceeds 2014 Guidance; Touts 'Strong' 2015 Position
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GeoPark Limited has reported its 4Q2014 operational update, full year oil and gas production average and 2015 guidance.
GeoPark exceeded its full year 2014 production growth targets of 15-20%, with total average oil and gas production of 20,557 boepd. With the drilling of ten new wells in 4Q2014, the Company also completed its planned 2014 work program with a total of 51 new wells drilled.
GeoPark is strongly positioned at the beginning of 2015 with a cash balance of approximately $130 million, over 20,000 boepd of oil and gas production, a solid reserve and resource base, a long term-maturing debt profile, and a large portfolio of attractive and largely discretional projects - both oil and gas - in multiple countries. This scale and positioning permit GeoPark to protect and preserve its…
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