GeoPark (GPRK) Inks $200M Deal to Enhance Latin America Presence
GeoPark(GPRK) Zacks Investment Research·2024-04-12 22:05
GeoPark Limited (GPRK) , a key player in Latin America's oil and gas exploration sector, has made a significant move by offering to purchase a non-operated working interest in Argentina's Neuquen Basin's Vaca Muerta Formation.The binding offer, amounting to $200 million, has been accepted by the seller, marking a pivotal step in GeoPark's acquisition journey. Additionally, a provision for another $110 million to $120 million over two years, designated for specific exploration activities, enhances the attrac ...