GeoPark Ltd (GPRK) Form 6-K — Oct 16, 2026
GeoPark filed a 6-K in connection with a new notes offering, launching a concurrent tender offer for its US$550 million 8.750% Notes due 2030 and delivering a conditional redemption notice for its US$500 million 5.50% Notes due 2027, redeemable October 27, 2026 at 100% of principal plus accrued interest, conditioned on completion of the offering. The filing also details the pending strategic entry into Venezuela through the Bare Block heavy oil asset in the Orinoco Belt, where GeoPark would hold a 65% net working interest under a 25-year CPPH framework with PDVSA Petróleo, with the asset currently producing about 11,000 bopd.
Key figures
- Revenue
- 271698000
- Guidance
- 2026 capex US$190-220 million; production target 27,000-30,000 boepd; 27-36 gross wells
- Net Income
- 34188000
- Total Debt
- 634038000
- Revenue Yoy
- 6%
- Cash Position
- 316300000
- Shares Outstanding
- Grupo Gilinski to hold ~56.3% post-closing
- Capex h1 2026
- 98400000
- Notes due 2027 rate
- 5.50%
- Notes due 2030 rate
- 8.750%
- James park stake pct
- 13.6
- Tender offer size usd
- 100000000
- Fy2025 production boepd
- 28233
- Bare block ownership pct
- 65
- H1 2026 production boepd
- 27260
- Notes due 2027 principal
- 500000000
- Notes due 2030 principal
- 550000000
- Rigi investment plan usd
- more than US$1 billion
- Net proved reserves mmboe
- 69.2
- Operating cash flow h1 2026
- 158409000
- Tender offer price per share
- 12.22
- Gilinski open market stake pct
- 28
- Corralera noreste bid bonus usd
- 60000000
- Bare block current production bopd
- 11000
- Vacamuerta current production boepd
- 5000
AI analysis
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