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Stock Market & Financial Investment News

News Breaks
April 9, 2014
08:05 EDTGPRKGeoPark announces new oil discovery in Colombia
GeoPark announced the successful drilling and testing of the new Aruco exploration well in the Llanos 34 Block in the central Llanos basin in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block. GeoPark drilled and completed the Aruco 1 well to a total depth of 10,705 feet. A test conducted with an electrical submersible pump in the Guadalupe formation, at approximately 10,075 feet, resulted in a production rate of approximately 1,154 gross barrels of oil per day of 16.8 API, with approximately 4.8% water cut, through a choke of 42/64 inches and well head pressure of 193 pounds per square inch. Further production history will be required to determine stabilized flow rates and the extent of the reservoir.
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April 14, 2015
08:03 EDTGPRKGeoPark announces resumption of share repurchase program
GeoPark announced that it will resume its program to repurchase up to $10M of common shares, par value 0.1c per share of the company, which had expired on March 20, 2015. As of the date hereof, $1.4M in shares have been purchased by GeoPark under the Repurchase Program. The Repurchase Program will resume on April 14, 2015 and will expire at the close of business on May 20, 2015, but may be terminated prior to such date.

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