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July 10, 2014
08:05 EDTGPRKGeoPark announces new oil well discovry in Llanos 34 Block IN colombia
GeoPark announced the discovery of the Tigana Norte 1 oil well on its Llanos 34 Block in Colombia. GeoPark is the Operator of and has a 45% working interest in the Llanos 34 Block. GeoPark drilled and completed the Tigana Norte 1 well to a total depth of 12,141 feet. A test at approximately 11,557 feet, resulted in a production rate of approximately 1,061 Bopd of 14.6 degrees API, with a 0.49% water cut, through a choke of 24/64 inches and well head pressure of 235 pounds per square inch. Further production history will be required to determine stabilized flow rates of the well. The field is currently producing over 8,500 bopd gross from the 5 wells drilled and completed to date. The company is carrying out further development and appraisal drilling this year on the Tigana Field complex.
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July 21, 2015
08:05 EDTGPRKGeoPark reports Q2 oil and gas production 19,575 boepd
Oil and gas production reached 19,575 boepd in 2Q2015 led by continuing production growth in Colombia, stable production in Brazil and declining production in Chile impacted by no new wells being drilled during 1H2015. GeoPark's drilling campaign restarted in June 2015 with two rigs drilling two new exploration prospects in Colombia. Oil production in Llanos 34 Block achieved record production of 27,000 bopd gross by the end of 2Q2015. Construction of facilities underway for Ache Gas Project in Fell Block in Chile with an expected start-up in 4Q2015. Surface compression plant completed in the Manati Field in Brazil with expected start-up in 3Q2015. Continuing cost reduction efforts underway. Cash costs reduction of 33% realized during 1Q2015. As announced in January 2015, GeoPark is carrying out a fully-funded $60-70 million work and investment program for 2015 based on an average oil price assumption of $45-50 per barrel. This program is subject to adjustment with changes in oil prices and opportunities developed through the lower cost environment. During the first half of the year with no drilling activity, GeoPark has maintained its production levels. During the second half of the year, drilling operations have been resumed and investment activities increased.

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