We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Geopark | LSE:GPK | London | Ordinary Share | BMG383271050 | COM SHS USD0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 400.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMGPK
RNS Number : 2399U
Geopark Limited
29 November 2013
Embargoed for release at 7:00 29 November 2013 am
GEOPARK LIMITED
SUCCESSFUL AWARD OF TWO NEW HYDROCARBON BLOCKS IN
BRAZIL BID ROUND 12
GeoPark Limited ("GeoPark"), the Latin American oil and gas explorer, operator and consolidator with operations and production in Chile, Colombia, Brazil and Argentina (AIM: GPK), is pleased to announce that it has been awarded two new licenses in the Brazilian Round 12 held yesterday. The awarded blocks were:
-- PN-T-597 Block in the Paranaiba Basin in the State of Maranhao -- SEAL-T-268 Block in the Sergipe Alagoas Basin in the State of Alagoas
The licensing round was organized by the Brazilian National Petroleum, National Gas and Biofuels Agency ("ANP"), and all proceedings and bids have been made public. The winning bids are subject to confirmation of qualification requirements.
For its winning bids on the two blocks, GeoPark has committed to invest a minimum of US$4.0 million (including bonus and work program commitment) during the first exploratory period. The new blocks cover an area of approximately 196,500 acres.
In May 2013, GeoPark announced its agreement to acquire Rio das Contas from Panoro Energy ASA, which holds a 10% working interest in the shallow offshore Manati Field. In September 2013, GeoPark announced the signing of 7 hydrocarbon blocks in the Reconcavo and Potiguar Basins following its award from the ANP bidding Round 11.
Commenting, James F. Park, CEO of GeoPark, said: "These new blocks allow us to incorporate two new proven onshore hydrocarbon basins into our portfolio and represent one more step in building a balanced portfolio of oil and gas assets in Brazil, with development, production and exploration opportunities."
In accordance with the AIM Rules, the information in this announcement has been reviewed by Salvador Minniti, a geologist with 32 years of oil and gas experience and Director of Exploration of GeoPark.
GeoPark can be visited online at www.geo-park.com
For further information please contact:
GeoPark Limited Pablo Ducci (Chile) +56 2 2242 9600 Oriel Securities - Nominated Adviser and Joint Broker Michael Shaw (London) +44 (0)20 7710 7600 Tunga Chigovanyika (London) Macquarie Capital (Europe) Limited - Joint Broker Steve Baldwin (London) +44 (0)20 3037 2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCNKFDPDBDBKDB
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
Hot Features
Premium
