GeoPark CEO Visits TPH

Casey ColelloLatest News

We were pleased to host the leader of one of the most successful LatAm focused E&P companies and one of the best performing stocks this year (+113% YTD). Jim shared with TPH the insights of what it has been an exciting journey building up and growing a company, which has become one of the top operators in Colombia and is expanding in the region. Jim sees Latin America as an area with numerous opportunities and limited competition and plans to double the company’s current production base of ~30kboe/d in the next 3-5 years. Core asset remains Colombia, with the Tigana/Jacana oil complex being the near-term focus as the resource has proven larger than expected, with more delineation catalysts in Q4’17. As seen in Q3 results, production continues to grow (+8% q/q; +28% y/y) mainly driven by Colombian production. The company expanded its LatAm footprint with a block awarded in the Potiguar Basin (POT-T-747) during Brazil’s Round 14 and which should see drilling this year. Argentina remains key to GPRK’s portfolio with start-up of the Rio Grande Oeste oil field in CN-V block shortly. Entering Mexico remains a priority but GeoPark will not overpay to achieve this.

Joe Amador, Andres Ocampo, Stacy Steimel, James Park, Maynard Holt