==
al
GEOPARK
Santiago, 27 de agosto de 2015
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 U.S.
Securities and Exchange Commission
(SEC).
Señor Superintendente:
En virtud de lo establecido en la Norma de Carácter General
N*352, 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 donde se informa
el descubrimiento de un nuevo yacimiento de petróleo en el Bloque Llanos 34 en
Colombia. GeoPark posee una participación de 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 Enrique Aylwin Chiorrini
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
rr
A
GEOPARK
FOR IMMEDIATE DISTRIBUTION
GEOPARK ANNOUNCES NEW LIGHT OIL FIELD DISCOVERY IN COLOMBIA
Santiago, Chile – August 27, 2015 — GeoPark Limited (“GeoPark”) (NYSE: GPRK), the Latin
American oil and gas explorer, operator and consolidator with operations in Chile, Colombia,
Brazil, Argentina and Peru?, today announces a new oil field discovery following the drilling of
exploration well Chachalaca 1, located on the Llanos 34 Block in Colombia. GeoPark operates
and has a 45% working interest in the Llanos 34 Block.
GeoPark drilled and completed the Chachalaca 1 exploratory well to a total depth of 12,270
feet. A test conducted with an electrical submersible pump in the Mirador formation, at
approximately 11,606 feet, resulted in a production rate of approximately 1,100 barrels of oil
per day of 30.0 degree API, with approximately 6% water cut. Further production history is
required to determine stabilized flow rates of the well and the extent of the field.
GeoPark’s drilling campaign restarted in June 2015 with two rigs currently operating in
Colombia. As of the date of this release the Company is drilling the Jacana 1 exploration well
and the Tilo 2 appraisal well, both in the Llanos 34 Block. Testing of these wells is expected to
be conducted in the following weeks.
For the year 2015 the Company implemented a self-funded and flexible work program that can
be adjusted to different oil price scenarios to match cash flows from operations.
James F. Park, Chief Executive Officer of GeoPark, said, “Congratulations to our team who
continue to find oil on our Colombian Llanos 34 Block – with Chachalaca being our seventh oil
field discovery since we entered the block in 2012. The Llanos 34 Block – particularly the
Tigana and Tua oil fields – represents attractive low risk, low cost and high netback fields
which provide a profitable production base during periods of low oil prices as currently being
experienced.”
Producing Oil Fields and Exploration Prospects in the Llanos 34 Block, Colombia
Chachalaca Y O y
Discovered 2015 Chiricoca
Max
Prospect
Discovered
2012
Tigana
Discovered 2013
Tua
Discovered
2012
Discovered 2013
Tarotaro
Discovered 201:
Jacana
Prospect
O Mochuelo
Prospect
O Oi Fields
Y O Exploration Prospects
‘ Transaction executed with Petroperu on October 1, 2014 with final closing subject to Peru Government approval.
GEOPARK CONTACT:
Pablo Ducci – Director Capital Markets pduccigeo-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 of 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 oil discoveries and production in the Llanos 34 block. 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
of the risks facing the Company which could affect whether these forward-looking statements
are realized, see the Company’s 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=0034fb9fd52617c4e43e9b55ad7273f3VFdwQmVFNVVRVFJOUkVWM1RYcE5lRTVuUFQwPQ==&secuencia=-1&t=1682366909
