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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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July 17, 2014
08:09 EDTGPRKGeoPark reports Q2 production increased 57% to 20,411 BOE/d
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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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