On April 11, 2019, GeoPark Limited (GPRK) announced its operational update for the 1Q2019, giving us an opportunity to assess whether the company has been executing its previously announced plan for 2019.
What
GeoPark reported consolidated production averaged at 39,557 boe/d in the 1Q2019, consisting of 34,358 bo/d and 34.4 MMcfg/d with 86.9% in oil (Table 1).
Table 1. Production by country. Source.
In its flagship asset, Llanos 34 Block (45% WI, operated), GeoPark brought five new wells on-stream, including Tigana Sur Oeste 10, Aruco 2, Tigui 2, Jacana 23 and Jacana 31, adding