$GPRK

Colombian billionaire Jaime Gilinski agreed to transfer a Venezuelan oil field contract to GeoPark Ltd. in exchange for a $500 million stake, granting him majority control. GeoPark will issue 42.1 million shares at $12.22 each, with a 120-day period to meet contract conditions. GeoPark's stock rose 3.8% on Thursday, closing at $11.45.

African Energy Week 2026 will focus on Venezuela's new investment framework, attracting international energy companies. Venezuela enacted reforms in January 2026, introducing Production Participation Contracts (PPCs). Eni, GeoPark, and Chevron have signed agreements, with Chevron planning a $7 billion investment. The forum will discuss opportunities in Venezuela's energy sector, which holds significant oil and gas reserves.

GeoPark Limited (GPRK) received requisite consents for amending its 8.750% Senior Notes due 2030, including adding Jaime Gilinski Bacal and affiliates as 'Permitted Holders.' The amendment prevents a 'Change of Control' from triggering a buyback offer, as Gilinski's group may hold ~56.3% of shares post-transaction. GeoPark will pay a $2.50 per $1,000 principal amount consent fee on September 29, 2026.

Geopark Director Park James Franklin sold 100,000 common shares at an average price of $11.923, totaling $1.19M. He now directly owns 692,118 shares and indirectly owns 7.8M shares via Spark Resources LLC and Goodrock LLC, per an SEC Form 4 filing.

PARK JAMES FRANKLIN sold 100,000 shares of GeoPark Ltd (GPRK) at $11.92 ($1.19M total) on 2026-09-08.

GeoPark Limited (GPRK) acquired the Bare Block in Venezuela's Orinoco Belt, aiming to boost production to 70,000-83,000 boepd by 2030. The 25-year deal with PDVSA involves a 65% working interest and full funding of capital expenditures. CEO Felipe Bayon highlighted the potential for long-term value creation, while noting political and infrastructure risks.

GeoPark Ltd (GPRK) received an amended Schedule 13D from Colden Investments and Jaime Gilinski, outlining their ownership and a potential change of control. They collectively own 55.5% of GPRK's shares. A deal with Panamerican Energy Holdings could issue up to 47.6M new shares and trigger a $12.22 tender offer, with PEH gaining governance rights. The transaction is conditional and not yet closed.

Venezuela and GeoPark signed a 25-year energy deal to boost production in the Orinoco Belt. The agreement involves 1,100 wells with a potential output of 95,000 barrels per day. GeoPark will invest in the Bare field, with revenues supporting public services. The deal aims to attract foreign capital and revitalize Venezuela's energy sector.

GeoPark, a Latin American oil and gas company, projects a 2.7-fold increase in production to 75,000-85,000 boepd by 2030, driven by new operations in Venezuela's Bare block and growth in Argentina's Vaca Muerta shale. The company plans to invest over $1 billion in Vaca Muerta and aims to boost Bare block output to 85,000-95,000 bopd at peak. GeoPark operates under a 25-year contract with PDVSA for the Bare block, with the Gilinski group taking control of the company.

GeoPark Ltd. announced the Gilinski family obtained the Bare Block rights in Venezuela, with GeoPark to operate it. GeoPark will issue 42.1M new shares at $12.22 to acquire 95% of the Bare contract, giving Gilinski family 56.3% control. Bare produces 11,000 barrels/day, with potential for 95,000. Completion depends on regulatory and sanctions compliance, estimated to take up to 120 days. GeoPark's stock initially rose 12% before retreating.