GeoPark Announces Second Quarter 2023 Operational Update; Increasing Activity In The Second Half Of 2023
Portfolio Pulse from Benzinga Newsdesk
GeoPark Limited (GPRK) has announced its operational update for Q2 2023, with consolidated average oil and gas production of 36,581 boepd, below its potential of 39,500-40,500 boepd. This is mainly due to temporarily shut-in production in the CPO-5 block in Colombia and the Fell block in Chile. The company plans to increase activity in the second half of 2023, with additional drilling activities planned in various blocks.
July 17, 2023 | 12:08 pm
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GeoPark's Q2 2023 production was below its potential due to shut-in production. However, the company plans to increase activity in H2 2023.
GeoPark's production was below its potential in Q2 2023 due to shut-in production. However, the company's plan to increase activity in the second half of 2023 could potentially boost its production and revenues, which could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100