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Stock Market & Financial Investment News

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July 17, 2014
08:09 EDTGPRKGeoPark reports Q2 production increased 57% to 20,411 BOE/d
GeoPark reported Q2 oil and gas average production up 57% to a record 20,441 boepd vs. 2Q13. The company continues on-track to reach full year production targets. In Q2, a total of 13 new wells were drilled, consisting of seven wells in Chile and six wells in Colombia, of which ten were exploration wells and three were development and appraisal wells. These new wells are part of the total $220M-$250M work and investment program in 2014, which consists of drilling 50-60 wells.
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August 26, 2014
08:14 EDTGPRKGeoPark says 'on track' to meet FY14 targets
Sees FY14 average annual production growth of 15%-20% compared to annual production average in 2013. Sees FY14 CapEx $220M-$250M, which considers 50-60 new wells, seismic surveys and new facilities. Approximately 40% of capital expenditures will be dedicated to exploration activities and 60% will be dedicated to development activities.
08:02 EDTGPRKGeoPark reports Q2 revenue $131.4M, one estimate $84.70M

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