Recent Updates — GPRK
GeoPark Limited announced the results of a cash tender offer for any and all of its outstanding 8.750% Senior Notes due 2030. As of the expiration on October 22, 2026, holders validly tendered U.S.$266,832,000 in aggregate principal amount of notes. The company will pay a consideration of $1,027.50 per $1,000 outstanding principal amount, plus accrued and unpaid interest up to the settlement date expected on or about October 28, 2026. Following this transaction, approximately U.S.$174,847,000 in aggregate principal amount of the notes will remain outstanding. GeoPark Limited is an independent oil and gas exploration and production company focused on offshore assets in Colombia.
GeoPark Limited priced an offering of U.S.$550,000,000 aggregate principal amount of 9.500% senior notes due 2033 in a private placement to qualified institutional buyers under Rule 144A and outside the United States to non-U.S. persons under Regulation S. The notes are fully guaranteed by GeoPark Colombia S.L.U., GeoPark Colombia S.A., and GeoPark Argentina S.A., with settlement expected on October 28, 2026. Net proceeds will be used to repurchase outstanding 8.750% senior notes due 2030 via a concurrent tender offer, repay or redeem existing indebtedness including the 5.500% senior notes due 2027, fund capital expenditures for Vaca Muerta asset development over the next 18 months, and for general corporate purposes. GeoPark Limited is an independent oil and gas exploration and production company operating primarily in Colombia and Argentina.
GeoPark Limited has been awarded the Corralera Noreste Block in Neuquén Province, Argentina, through a public bidding round. The acquisition adds approximately 26,900 gross acres (24,200 net) to GeoPark's portfolio for a total committed cost of $95 million, including a $60.5 million access bonus. GeoPark will hold a 90% working interest and act as operator, with GyP retaining the remaining 10%. The company plans an initial four-year exploration program involving two horizontal wells to de-risk approximately 200 mmboe of unrisked resource potential. This strategic expansion complements existing assets in the Vaca Muerta basin. GeoPark Limited is an independent energy company focused on oil and gas exploration and production across Latin America.
GeoPark Limited announced a proposed private placement of senior notes guaranteed by certain subsidiaries and the commencement of a cash tender offer for all outstanding 8.750% Senior Notes due 2030. The company intends to use net proceeds from the new offering to repurchase the tendered 2030 notes, repay or redeem existing indebtedness including 5.500% senior notes due 2027, and fund capital expenditures for its Vaca Muerta assets over the next 18 months. The tender offer price is set at $1,027.50 per $1,000 of principal amount, with an expiration time of 5:00 p.m. New York City time on October 22, 2026. GeoPark Limited operates in the oil and gas exploration and production industry.
GeoPark Limited priced US$600.0 million of senior notes due 2031, consisting of US$400.0 million of 8.50% notes and US$200.0 million of 9.00% notes. The proceeds will fund the proposed acquisition of the Bare Block heavy oil asset in Venezuela from Grupo Gilinski, redeem all outstanding Notes due 2027, and support general corporate purposes. Concurrently, the company launched a tender offer for its Notes due 2030 at 101.5% of principal plus accrued interest. The filing also details a PIPE investment by Jaime Gilinski and updates on Vaca Muerta production growth to approximately 5,000 boepd. GeoPark is an independent oil and gas exploration and production company operating in Latin America.
GeoPark Limited reported consolidated average oil and gas production of 27,973 barrels of oil equivalent per day (boepd) for the third quarter of 2026, a 2.6% increase from the second quarter. Production was supported by resilient operations in Colombia's Llanos and CPO-5 blocks, where the Milano 1X discovery is testing at approximately 1,000 barrels of oil per day. In Argentina, production rose 50.6% to 2,108 boepd following the startup of five wells in Vaca Muerta. The company also advanced its strategic entry into Venezuela through the Bare Block with PDVSA, targeting operational closing by the end of 2026. GeoPark Limited is an independent energy company focused on oil and gas exploration and production across Latin America.