GeoPark Limited Announces Operational Results for the Fourth Quarter Ended December 31, 2018
January 16, 2019 at 12:00 pm
GeoPark Limited announced operational results for the fourth quarter ended December 31, 2018. For the quarter, annual 2018 average production up 31% to 36,027 boepd, hitting 35,500-36,500 boepd guidance. Record 2018 exit production of 39,600 boepd, exceeded guidance of 38,000-39,000 boepd. Consolidated oil and gas production up 26% to 38,741 boepd. Oil production increased by 30% to 32,859 bopd. Gross operated production in Llanos 34 block (GeoPark operated, 45% WI) surpassed 70,000 bopd. Gas production increased by 11% to 35.3 mmcfpd.