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PARXF - GeoPark: Colombian Asset Build-Up Sets Stage For Next Phase Of Growth
Parex Resources Inc
On December 17, 2019, GeoPark Limited (GPRK) announced a slew of asset acquisitions, setting the stage of an ambitious E&P program in the new year and beyond.
In this article, I review these new land additions in an effort to update our investment thesis as to GeoPark.
New blocks
In the second cycle of ANH's Permanent Process for the Assignment of Areas (aka, PPAA), GeoPark, in partnership with Hocol, a wholly-owned subsidiary of Ecopetrol (EC), was awarded Llanos 123 and Llanos 124, two blocks in the Llanos Basin. Final contracts