{"id":913352,"date":"2025-11-24T17:03:41","date_gmt":"2025-11-24T22:03:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/geopark-announces-2p-reserve-replacement-of-430\/"},"modified":"2025-11-24T17:03:41","modified_gmt":"2025-11-24T22:03:41","slug":"geopark-announces-2p-reserve-replacement-of-430","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/geopark-announces-2p-reserve-replacement-of-430\/","title":{"rendered":"GeoPark Announces 2P Reserve Replacement of 430%"},"content":{"rendered":"

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GeoPark Announces 2P Reserve Replacement of 430%<\/b><\/p>\n

2P Reserve Life Index Increased 80% to 12.7 Years<\/b><\/p>\n

2P Value Per Share (Net Debt-Adjusted) of $15.8<\/b><\/p>\n

2P Finding, Development, and Acquisition Cost of $4.3 Per boe<\/b><\/p>\n

BOGOTA, Colombia–(BUSINESS WIRE<\/a>)–
\nGeoPark Limited (\u201cGeoPark\u201d or the \u201cCompany\u201d) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, today announced its independent oil and gas reserves assessment1<\/sup>, certified by DeGolyer and MacNaughton Corp. (D&M) under PRMS methodology, as of December 31, 20252<\/sup>.\n<\/p>\n

\nGeoPark\u2019s 2025 reserves represent a significant step-change in the Company\u2019s asset base and reflect the impact of disciplined execution across its organic assets, strategic acquisitions, and the ongoing portfolio optimization the Company outlined at its 2025 Investor Day.\n<\/p>\n

Portfolio Optimization Driven by Vaca Muerta Acquisition and Strong Organic Execution<\/b><\/p>\n

\nTotal 2P reserves increased 38% year-over-year, driven primarily by the addition of 36.7 mmboe in Argentina that resulted in a 2P Reserve Replacement Ratio (RRR) of 430%. The Company\u2019s strategic acquisition of the Loma Jarillosa Este and Puesto Silva Oeste unconventional oil blocks in Vaca Muerta, have transformed GeoPark\u2019s reserves profile and now represents 30% of GeoPark\u2019s total 2025 reserves. Net additions from these acquisitions, after accounting for asset divestments, contributed 31.2 mmboe to the Company\u2019s 2P reserves. GeoPark\u2019s certified 1P reserves totaled 69 mmboe and 2P reserves totaled 121 mmboe, the highest level since 2022. The Company reported a 1P Reserve Life Index (RLI) of 7.2 years and a 2P RLI of 12.7 years. Reserve replacement ratios for 1P, 2P, and 3P reserves were all well above 100%, underscoring GeoPark\u2019s ability to fully replace production and continue building long-term asset value.\n<\/p>\n

\nGeoPark assumed operational control of the Loma Jarillosa Este and Puesto Silva Oeste blocks in October 2025. The Loma Jarillosa Este Block is currently producing 1,860 boepd from six wells, and GeoPark has already implemented a strategic optimization plan to enhance productivity, including the installation of rod pumps in three wells. Supported by strong results from adjacent blocks, GeoPark submitted the Puesto Silva Oeste block for reserves certification, resulting in the reclassification of 3.4 mmboe as 2P reserves and 24.6 mmboe as 3P reserves that are expected to mature to 2P with successful development drilling. GeoPark continues to advance its transformational Vaca Muerta development plan through a new drilling program scheduled for the second half of 2026 to unlock additional production and reach the 20,000 boepd plateau production target by 2028.\n<\/p>\n

Stable Reserve Base in Colombia with Targeted Additions<\/b><\/p>\n

\nExcluding the effect of divestments, 2P reserves in Colombia increased by approximately 2.6 mmboe, mainly driven by technical revisions in the CPO-5 and Llanos 123 blocks. The increase reflects the inclusion of new discoveries in the Currucut\u00fa and Toritos fields, as well as enhanced recovery initiatives in the Bisbita field within the Llanos 123 Block. In the CPO-5 Block, reserves growth was supported by improved performance from the Indico field wells. The Llanos 34 Block continues to actively contribute 2P volumes to GeoPark\u2019s Certified Reserves, supported by a diversified set of recovery optimization initiatives including waterflooding, CEOR implementation projects, infill drilling, workovers, and upsizing, anchored by solid baseline performance.\n<\/p>\n

Material Reserve Growth Through Disciplined Capital Allocation<\/b><\/p>\n

\nGeoPark\u2019s capital efficiency continues to stand out, with a 2025 finding, development, and acquisition (FD&A) cost of $4.3 per boe3<\/sup> on a 2P basis. This figure reflects GeoPark\u2019s disciplined approach to capital allocation and its ability to deliver high-quality, accretive barrels at competitive costs across both conventional and unconventional resource plays.\n<\/p>\n

\nGeoPark\u2019s acquisition in Vaca Muerta and the continued disciplined execution and strong progress the Company made in 2025 have resulted in a portfolio that is stronger, more balanced and more diversified than before, combining the high-growth potential of Vaca Muerta with the stable, mature production base of the Llanos 34 Block, and outstanding performance at the Llanos 123 Block and the Indico Field at the CPO-5 Block.\n<\/p>\n

Consolidated Reserves Summary<\/b>4<\/sup><\/p>\n