We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
GeoPark Limited | NYSE:GPRK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.36 | 3.55% | 10.50 | 10.605 | 10.0041 | 10.19 | 1,061,728 | 01:00:00 |
Strong Results in Emissions Reduction Strategy Underpin a Year of Social, Environmental and Governance Achievements 10.6 Kg CO2e/boe Emissions Intensity in 2023 7 Kg CO2e/boe in Core Llanos 34 Block
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced the publication of its 2023 SPEED/Sustainability Report.
The SPEED/Sustainability Report outlines the Company’s advancements in environmental, social and governance areas, highlighting the significant reduction in 2023 of the Company’s Greenhouse Gas (GHG) emissions intensity. Two years after announcing its GHG emissions reduction strategy with ambitious short, medium, and long-term targets, GeoPark continues to make steady progress toward its 2050 net zero goal.
In the CEO letter presenting the Report, Andrés Ocampo, Chief Executive Officer of GeoPark, said: “GeoPark was built to be at the forefront of independent exploration and production companies in the region, with a focus on creating value and positively impacting all stakeholders. At the heart of our Company and our approach to sustainability lies our home-grown SPEED Value System, which has consistently guided our decisions and actions across five interlinked areas — Safety, Prosperity, Employees, Environment and Community Development. Deeply ingrained in our corporate culture, SPEED led us to further sustainability achievements in 2023.”
KEY SUSTAINABILITY HIGHLIGHTS
Strong Results in Emissions Reduction Plan
Top Accomplishments in Sustainability
In 2023, GeoPark received significant recognition for its overall sustainability efforts:
Selected Sustainability Metrics
Andrés Ocampo, Chief Executive Officer of GeoPark, concluded: “Our goal is to deliver more energy, more value, and more shared prosperity. We are particularly proud of all the achievements and acknowledgments included in this report and look forward to delivering more and better results, year after year, and to building a more sustainable business.”
GeoPark’s SPEED/Sustainability Report followed the reporting frameworks set forth by the Global Reporting Initiative (GRI) and its annex on the oil and gas sector, the Sustainability Accounting Standards Board (SASB), the Sustainability reporting guide of IPIECA, the Task Force on Climate-related Financial Disclosure (TCFD), and the United Nations Global Compact Sustainable Development Goals (SDGs).
Click here to access the 2023 SPEED/Sustainability Report.
1 Certified by the Colombian Institute of Technical Standards and Certification (ICONTEC).
GLOSSARY
boe
Barrels of oil equivalent
CO2e
Carbon dioxide equivalent, the sum of all GHG emissions
GHG
Greenhouse gases, mainly carbon dioxide and methane
MWp
Megawatts of peak capacity
WI
Working Interest
NOTICE
Additional information about GeoPark can be found in the Invest with Us section of the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
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 that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters including NPV10 After Tax, our reserves, the estimated future revenues, capital expenditures, Adjusted EBITDA, free cash flows, expected production guidance and shareholder returns. 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 (SEC).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240502119174/en/
INVESTORS:
Stacy Steimel Shareholder Value Director T: +562 2242 9600 ssteimel@geo-park.com
Miguel Bello Market Access Director T: +562 2242 9600 mbello@geo-park.com
Diego Gully Capital Markets Director T: +55 21 99636 9658 dgully@geo-park.com
MEDIA:
Communications Department communications@geo-park.com
1 Year GeoPark Chart |
1 Month GeoPark Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions