GeoPark acquires WI in Loma Jarillosa Este, Puesto Silva Oeste blocks

GeoPark (GPRK) announced the completion of its previously announced acquisition from Pluspetrol S.A. of a 100% operated working interest, WI, in the Loma Jarillosa Este and Puesto Silva Oeste blocks, located in the black oil window of the Vaca Muerta formation in Neuquen Province, Argentina. The Government of Neuquen Province has issued two decrees-DECTO-2025-1226 for the Loma Jarillosa Este Block and DECTO-2025-1270 for the Puesto Silva Oeste Block-and with the issuance of such decrees, all required governmental and regulatory approvals with respect to the acquisition have now been obtained. As per the terms and conditions of the Actas Acuerdo previously announced, GeoPark has also transferred a 5% WI in the Puesto Silva Oeste Block; to Gas y Petroleo del Neuquen, which joins GeoPark as a strategic partner in the development of this asset. Following the issuance of the above-mentioned decrees, GeoPark and Pluspetrol have executed public deeds formalizing the transfer of the concessions. As part of the closing, GeoPark has disbursed the remaining balance of the purchase price1, for a total consideration of $115 million.