ma
Eos el
GEOPARK
Santiago, 10 de julio de 2014
Geopark Limited
Inscrito en el Registro de Valores Extranjeros bajo N* 045
Señor
Carlos Pavez Tolosa
Superintendente de Valores y Seguros
Av. Libertador Bernardo O’Higgins N* 1449, piso 1
PRESENTE
REF.: Adjunta información relevante que se
publicó el día de hoy en el AIM del
Mercado Bursátil de Londres.
Señor Superintendente:
En virtud de lo establecido en la Norma de Carácter General
N*352 sección ll, por medio de la presente adjunto información considerada como
relevante para la empresa. Dicha información ha sido entregada el día de hoy en el U.S.
Securities and Exchange Commission (“SEC”) mediante un comunicado de prensa que
informa el descubrimiento de petróleo del pozo Tigana Norte 1. Este descubrimiento
apunta una mayor extensión del yacimiento Tigana en el Bloque Llanos 34 de Colombia.
GeoPark posee una participación del 45% en dicho bloque y es operador del mismo.
La información adjunta consiste en un comunicado de prensa
de dos páginas en idioma inglés.
Sin otro particular, saluda atentamente a Usted,
Pedro Aylwin Chiórrini
pp. GEOPARK LIMITED
Nuestra Señora de los Ángeles 179 – Las Condes, Santiago – Chile
Tel. (+56 2) 2 2429600 – infoOgeo-park.com – www.geo-park.com
al
GEOPARK
FOR IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES NEW TIGANA NORTE 1 OIL DISCOVERY AND
TIGANA FIELD EXTENSION IN BLOCK LLANOS 34 IN COLOMBIA
Santiago, Chile — July 10, 2014 — GeoPark Limited (“GeoPark”) (NYSE: GPRK), the Latin
American oil and gas explorer, operator and consolidator with operations and producing
properties in Chile, Colombia, Brazil and Argentina, today announces 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
conducted with an electrical submersible pump in the Guadalupe formation, at approximately
11,557 feet, resulted in a production rate of approximately 1,061 barrels of oil per day
(“bopd”) of 14.6 * 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.
Production and reservoir analyses from the Tigana 1, 2 and 3, Tigana Sur 1 and Tigana Norte
1 wells on the Llanos 34 Block now indicate that three previously delineated fields and
prospects form part of a single larger combined (structural and stratigraphic) trap and field,
productive from the Cretaceous Guadalupe and Tertiary Mirador formations. 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, including the Tigana Sur Oeste 1 well that is currently being
completed. Preliminary results suggest that the stratigraphic component of the trap could
enhance the exploration potential of the Llanos 34 Block area.
Since taking over the Llanos 34 Block with no production and no reserves in Colombia two
years ago, GeoPark has grown production on this block to approximately 20,000 bopd gross.
In 2014, GeoPark is carrying out a 10 well drilling program on Llanos 34 Block, as part of an
overall 18-23 well drilling program in Colombia.
James F. Park, CEO of GeoPark, said, “The extension of the Tigana Field is encouraging and
we salute our team in successfully discovering, developing, building the necessary
infrastructure and putting into production this field in record time. The Tigana Field
production has grown from zero to 8,500 bopd gross in less than 7 months. We also believe
the new larger combined Tigana Field interpretation will positively impact the field’s reserves
and development potential.”
CONTACTS GEOPARK:
Pablo Ducci – Director Capital Markets pduccidgeo-park.com
Sofia Chellew – Investor Relations schellewOgeo-park.com
Santiago, Chile
T: +562 2242 9600 www.geo-park.com
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the
Web site at www.geo-park.com
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of
the forward looking statements contained in this press release can be identified by the use of
forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,”
“intend,” “will,” “estimate” and “potential,” among others.
Forward-looking statements appear in a number of places in this press release and include,
but are not limited to, statements regarding the intent, belief or current expectations,
regarding various matters, including expected 2014 production growth and capital
expenditures plan. Forward-looking statements are based on management’s beliefs and
assumptions and on information currently available to the management. Such statements
are subject to risks and uncertainties, and actual results may differ materially from those
expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does
not undertake any obligation to update them in light of new information or future
developments or to release publicly any revisions to these statements in order to reflect later
events or circumstances or to reflect the occurrence of unanticipated events. For a discussion
the risks facing the Company which could affect whether these forward-looking are realized,
see filings with the U.S. Securities and Exchange Commission.
HAR
Link al archivo en CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=38ac112498080613e31607401cc9fee3VFdwQmVFNUVRVE5OUkVFelRrUmpNMDEzUFQwPQ==&secuencia=-1&t=1682366909
