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GeoPark ( (GPRK) ) just unveiled an update.
On January 14, 2025, GeoPark Limited announced that Repsol’s partner in SierraCol Energy Arauca LLC exercised its preemptive rights to acquire 25% of Repsol’s interest in the company, leading GeoPark and Repsol to mutually agree to withdraw from a previously announced transaction. This decision halts the planned acquisition of Repsol’s interests, including a 45% stake in the CPO-9 block and a 25% stake in SierraCol Energy Arauca, originally announced on November 29, 2024. GeoPark remains focused on pursuing disciplined growth opportunities to drive long-term value.
More about GeoPark
GeoPark Limited is a leading independent energy company with over 20 years of successful operations in Latin America. The company focuses on exploration and production within the energy sector, leveraging its extensive operational expertise to create long-term value for stakeholders.
YTD Price Performance: 6.51%
Average Trading Volume: 556,111
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $552.6M
See more insights into GPRK stock on TipRanks’ Stock Analysis page.
