Geopark Reports 1Q 2024 Average Oil And Gas Production Of 35,473 Boe/Day
Portfolio Pulse from Benzinga Newsdesk
Geopark reported its 1Q 2024 average oil and gas production at 35,473 barrels of oil equivalent per day (Boe/Day), with its 2024 guidance remaining unchanged. The company anticipates a full-year average production of 35,500-39,000 Boe/Day and plans a fully-funded 2024 organic capital expenditures program of $150-200 million to drill 35-45 gross wells.
April 25, 2024 | 12:09 pm
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Geopark reported a stable 1Q 2024 production, aligning with its full-year guidance and detailed a significant capital expenditure plan for drilling new wells.
The announcement of Geopark's 1Q 2024 production figures and the reaffirmation of its 2024 guidance, coupled with a substantial capital expenditure plan, signals a positive outlook for the company's operational and financial health. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100