On March 13, 2019, GeoPark Limited (GPRK) entered the Ecuador upstream by winning the Espejo and Perico blocks in the Oriente Basin in the Intracampos Bid Round (Fig. 1).
GeoPark formed a 50:50 consortium with Frontera Energy Corporation [FEC.TSX] (FECCF) in the participation of the bid round. The final award is contingent upon regulatory approvals and the execution of the contracts, expected for 2Q2019.
Fig. 1. A map showing the Intracampos Licensing Round blocks, Ecuador, with existing oil fields shown in green. Source.
- On a separate note, Gran Tierra (