Geopark Share Discussion Threads

[fillipe] 16/8/2010 10:17

Just a reminder, perchance the slight downward drift is making anyone wonder...

Oriel 13th Aug BUY

2010 eps 56.6p
2011 93.8p

Int's due around end Sept.

f

[lunartik] 03/8/2010 03:59

Small mention in this weeks IC regarding director share purchase.

[melody9999] 02/8/2010 23:26

pausing before breakout?

[loafingchard] 28/7/2010 10:12

Any feedback on the meeting would be greatly appreciated . TIA

[lunartik] 28/7/2010 05:00

LOL! Very tired last night. Hopefully I'll put them on the right way round.

[tracker] 27/7/2010 23:57

>>Lunartik

"weaking"? The r is nowhere near on the keyboard - wacky baccy maybe? ;-)

[lunartik] 27/7/2010 18:00

AGM tomorrow.

I'll be weaking my Bermuda shorts in honour of the occasion.

[sailing john] 27/7/2010 12:43

zzzzzzzzzzzzzzzzzzzzz....... :-)
Me to SJ

[tracker] 27/7/2010 12:01

>>nielsc

A nice steady, sleep easy share. I have spoken several times to the company and am very laid back about the future................

[nielsc] 27/7/2010 10:23

Well glad I made a further top up last week.
Slowly does it :-)

Cheers,
Niels

[melody9999] 26/7/2010 11:00

MM's short of stock. new highs imminent.

[fillipe] 23/7/2010 12:14

Nudging £6 now after a few trades earlier this a.m. Very little stock available on L2 - in total 3500 each side with only 750/1750 at the best bid/ask of 585p/600p.

I wouldn't be surprised to be reading some good news shortly in view of this a.m's buy as GPk does sometime appear a bit leaky.

Fantastic outfit for consistent performance with huge potential which does all that it says on the tin.

f

[melody9999] 18/7/2010 09:58

Well with the Directors holding some 17M of the £40M shares issued, they are certainly motivated to act in our interests. I sold out at 570p a few weeks ago fearing these might slide with the general market retrace. I shouldn't have been worried - and perhaps this Director buy in the background has ensured no share price fall.

The shares are tightly held and on the basis that Directors are still adding at current prices, it would be churlish of me not to join in. Back in on Friday and expecting continuation of the upward trend on this news and more positive drilling updates that are most likely in the offing.

[lunartik] 16/7/2010 20:49

I guess they could buy Geopark, if they wanted and if Geopark wanted to sell!

The AGM Notice states that directors hold 39.6% of the shares (prior to yesterdays purchase) so I guess that if they don't want to sell then Geopark can't be bought.

Gerald O'Shaughnessy alone holds 20%, and maybe he wants to make serious money and the deal with LG will enable him to do so.

Going down the JV route possibly enables Geopark to leverage its strengths without the necessity for fundraisings and share dilutions, or facing the prospect of drowning in a sea of debt if things turn against the markets.

Of course if things are going to be announced at the AGM then Geopark should be in a closed period, so we might not get anything big quite that soon.

But medium term it looks like a no brainer.

[doolittle] 16/7/2010 20:30

Is LG acquisitive? They seem to operate in partnership with companies 'on the ground and in the know' eg RXP in Kaz. The smaller company is presumably very incentivised yet LG can easily dump them if things dont work out.Unless of course GPK buy out LG !! (in a couple of years)

[sailing john] 16/7/2010 19:35

Or here's a thought - they could just buy Geopark! :-)
Simples!!!!
SJ
Edit - In fact the more I think about it the more sense it makes. They want a dynamic operator why not make GPK their first acquisition rather than partnership/JV or owner/operator arrangements.
PS Apologies if that is what you meant in your post

[lunartik] 16/7/2010 19:19

This is a list of major shareholders as at 30th November 2009

Major Shareholders Number of Shares %

GERALD E. O'Shaughnessy 8,172,793 19.61%

ENERGY Holdings, LLC 6,983,068 16.76%

SCHRODER Investment Management 4,346,149 10.43%

IFC Equity Investments 3,456,594 8.30%

Cartica Corporate Governance Fund, L.P. 2,992,127 7.18%

MONEDA A.F.I. 1,906,148 4.57%

PERSHING Keen, New Jersey (ND) 1,567,977 3.76%


Mr Pavez bought 963K, and as FromTheBlue points out another 545K were traded making 1,508K. Presumably we will get an announcement in the next few days telling us who has sold - there aren't that many candidates.

The LG angle is very interesting I think - GPK is presently capitalised at around £240M - with LG they are seeking acquisitions initially valued at $100-$500M. With LG's capital behind GPK expansion could be very rapid.

AGM 28th July - lets see if more is revealed then.

[tracker] 16/7/2010 13:01

>>SJ

Same here. This is a sleep at night share where the Board just get on with things. It will be interesting to see what happens with the cash from LG !

[sailing john] 16/7/2010 10:52

Pye thanks for the anlysis. I have to admit that I'm so comfortable with progress and potential that I'm not that up to date with detail. The price has only gone one way since I bought in at around 300 last year with a continuous stream of good news. :-)
SJ

[pyemckay] 16/7/2010 10:44

There are few companies like this one currently. Slowly slowly it continues to rise on every positive RNS.

I've ran a few numbers from current production. How they translate into profit is hard to predict given the fluctuation of currency, poo, etc but a profit is pretty much guaranteed this year. Its just a question of how much.



2009 production

$45m revenue split equally in revenue terms $23m Gas and $22m Oil based on 881 mm3/d and 1273 bopd respectively.

A summary or the successful wells in 2010 suggests production of bopd. I have forecast some of the production figures as some flow rates are initial so I have assumed 50-60% of the initial rate. Some are stabilised rates.

oil/condensate(bopd)
alakuf 6------- 450
alakuf 8------- 200
guanaco 3------ 250
aenikenk sur 1- 100
alakuf 7------- 640
serro iturbe 1- 100
tetera 4------ 100
total----------1840


Given the increase to approx 3123 bopd this might suggest 2010 turnover of $74m at $65 for the oil production which is a large revenue increase. Add to this the forecast gas production of $25m and this gives us total revenue of $99m for 2010. Turnover should quite easily at least double given the above scenario but there is scope for further success in the year. There are a further 5 wells to be drilled this year in areas that are currently producing.

[loafingchard] 16/7/2010 10:30

WOW indeed SJ , thats a lorra dollar . Have to say I'm tempted to take a few more....

[fromtheblue] 16/7/2010 10:25

I wonder who bought the other 545,000 traded yesterday!!

[sailing john] 16/7/2010 08:05

Wow! Now that is what I call a vote of confidence.

[doolittle] 16/7/2010 07:53

Interesting active involvement with Renewable energy

Brief Biography

Mr. Juan Cristobal Pavez Recart is Independent Non-Executive Director of GeoPark Holdings Limited. Mr. Pavez graduated from the Universidad Católica de Chile (Catholic University of Chile) in 1992 with a degree in Commercial Engineering, and immediately joined Grupo CB (CB Group) as a research analyst. Thereafter, he obtained a master's degree in Business Administration from the Massachusetts Institute of Technology. He was then portfolio analyst at Moneda Asset Management until 1998, when he joined Santana, an investment company, as CEO. At Santana he focused mainly on investments in capital markets and real estate. While at Santana, he was appointed CEO of Laboratorios Andrómaco (Andrómaco Laboratories), one of Santana's principal assets. In 1999, Mr. Pavez co-founded Eventures, an internet company with subsidiaries in Argentina and Brazil. Since 2001 he has been CEO at Centinela, a company with diversified global investments and a special focus in the energy industry through the development of wind parks and run-of-the-river hydropower plants. Mr. Pavez is also a board member of Grupo Security, Vida Security, Quintec, Inversiones Frimetal, Trayenko and Norvind.