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Stock impact report

GeoPark begins production at the Confluencia Norte Block in Argentina [Yahoo! Finance]

Geopark Ltd Common Shares (GPRK) 
US:NYSE Investor Relations: geo-park.com/en/investor-support
Company Research Source: Yahoo! Finance
This collaboration has led to the de-risking of the Vaca Muerta formation. GeoPark holds a 50% non-operated WI in the Confluencia Norte Block. A comprehensive fracturing programme across 135 stages has been implemented, yielding a current gross production rate of 4,000 barrels of oil per day (bopd) during the flowback and testing phase. The oil produced is being transported to and marketed through the Mata Mora Norte Block facility. The first pad, consisting of three unconventional wells, began production in mid-October, confirming the Vaca Muerta formation's presence at the block's westernmost edge. The operation included a vertical pilot well for data acquisition and three horizontal wells with a combined measured depth of 6,300m and a lateral extension of 3,000m. The wells are in the process of cleaning up and are due to reach peak production within 90 days from the start of production. The early results indicated that the block's petrophysical properties are on par wi Show less Read more
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