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Company Information for GEOPARK HOLDINGS LIMITED
Company stock charts - 6 Month chart
 AIM; GPK
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Company Statement
GEOPARK was founded by experienced international oil and gas operators to become a leading independent oil and gas explorer, operator and consolidator in Latin America by leveraging its technical expertise, cost control discipline and long term opportunistic approach to value creation. Since its founding, the Company has grown rapidly by exploiting the dynamic oil and gas business environment in Latin America - resulting from the changes taking place both within the industry and the region, and the availability of valuable under-priced assets. As one of the richest and most under-explored hydrocarbon regions in the world, Latin America provides a unique opportunity for a low cost, technically capable, exploration-oriented, regionally based operator.
GEOPARK's current holdings include 6 Petroleum Blocks (3 Blocks in Argentina and 3 Blocks in Chile) totalling over 3.4 million gross acres (14,420 square kilometers) - and associated infrastructure, production facilities, operating licenses and an extensive technical data base. Since its initial acquisition from AES, GEOPARK has restructured, invested in and expanded its asset base -- converting a stalled project into an expanding operation with oil and gas production revenue in both Chile and Argentina, as well as a balanced portfolio of exploration and development opportunities capable of achieving an enterprise of meaningful scale. In 2006, GEOPARK became the first private company to produce oil and gas in Chile. As of March 31, 2008, independent petroleum engineers reported that the Company had proven, probable and possible oil and gas reserves of 127.5 Million BOE (barrels of oil equivalent).
Operations and Technology
ARGENTINA
Del Mosquito Block
The Del Mosquito Block is located in the Austral basin in southern Argentina. The Austral Basin produces nearly ten per cent of Argentina's total oil production and nearly twenty per cent of its total gas production. (Although the Fell and Del Mosquito Blocks are located in different countries, they are re situated in the same geological basin and, at their closest point, are less than 20 km apart.)
Cerro Dona Juana and Loma Cortaderal Blocks
The Cerra Dona Juana and Loma Cortaderal Blocks (47,959 total acres) are located in the Nuequen Basin (west-central Argentina) which represents the most prolific hydrocarbon producing basin in Argentina, accounting for over forty per cent of its total oil production and over sixty per cent of its total gas production.
The blocks are located in the Andean fold and thrust belt, along a proven producing fairway, where large hydrocarbon accumulations exist. There are excellent source rocks, multiple reservoir objectives and large structural traps. The oil potential on the block's can be characterized as high risk with potentially high associated costs.
CHILE
GEOPARK became the first private-sector oil and gas producer in Chile when it began production on the Fell Block in May 2008 and currently is producing approximately 30% of Chile's oil and gas production and 25% of Chile's total gas production. It is substantial acreage position with over 3.4 million gross acres (13,800 square kilometres) in Chile represents, am important platform for continued growth and expansion.
Fell Block
The Fell Block has an area of approximately 440,000 acres (1780 sq km) and its centre is located approximately 140 km north east from the city of Punta Arenas. The Fell Block's northern border coincides with the International border between Argentina and Chile and its southern limit ti bordered by the Magellan Straits.
Otway Block
The Otway Block consists of an area of approximately 1,480,000 acres (5,992 sq km) and is located approximately 110 km from the city of Punta Arenas. The Block consists of on-shore areas (Peninsula Brunswick and Isla Riesco) and offshore areas (Seno Skyring and Seno Otway). The first hydrocarbon exploration activities began in the 1920's and during the 30's and 40's several wells were drilled with gas manifestations. To date, 31 wells have been drilled and 875 km of 2D seismic carried out on the Block. During a drilling campaign in the 1970's, gas was tested in three structures on the Block.
Tranquilo Block
The Tranquilo Block extends over an area of approximately 1,643,000 acres (6,648 sq km) and is located approximately 110 km northwest of Punta Areans. The first hydrocarbon exploration efforts began in the 1940's and the Tranquilo gas field was discovered in 1958. To date ENAP has drilled 21 wells and carried out 1,428 of 2D seismic on the Block. GEOPARK is the Operator of the Tranquilo Block and holds a 30% working interest participation. Other partners in the Block are Pluspetrol Corporation of Argentina (30%), IPR Energy of USA (20%) and Manas Petroleum of Switzerland (20%). Historically, the Block has tested and produced oil and gas, however there is currently no oil or gas production and no reserves have been independently appraised by GEOPARK's engineering consultants on the Block.
Geographical Spread
Chile and Argentina
Board of Directors and Key Management
| Executive Chairman | Gerald E. O'Shaughnessy |
| Chief Executive Officer and Deputy Chairman | James F. Park |
| Non-Executive Director | Sir Michael Jenkins |
| Non-Executive Director | Peter Ryalls |
| Non-Executive Director | Christian Weyer |
| Non-Executive Director | Juan Cristobal Pavez |
Company Address35 Piccadily
|
Additional Address/Key ContactArgentina: |
CapitalShares in Issue: 37,877,741
|
Annual General Meeting28 July 2009 | Year End31 December |
Nominated BrokersOriel Securities Limited | Nominated AdvisorsOriel Securities Limited |
Major Shareholders
| Gerald E. O’Shaughnessy | 20.96% |
| ENERGY HOLDINGS LLC | 18.45% |
| SCHRODER Investment Management | 10.96% |
| IFC Equity Investments | 8.30% |
| MONEDA A.F.I. | 4.17% |
| PERSHING Keen, New Jersey (ND) | 3.97% |
Related News
17/03/10 - GeoPark Holdings Joins Forces With Korean Trading Giant To Make Material Acquisitions In Latin America18/02/10 - Buoyed By Production Success In Chile, GeoPark Holdings Eyes Acquisition Opportunities Further Afield
26/10/09 - GeoPark Holdings Makes It Six Out Of Six In Chile And Eyes Chevron Assets In Argentina
20/05/09 - GeoPark Holdings Raises US$11.7 Million As Investors Subscribe To Its Fast-Growing Chilean Oil And Gas Business
17/03/09 - GeoPark Maintains Its 90 Per Cent Strike Rate As It Readies Another Gas Well For Production In Chile
Most Recent Statement
16/03/10 - New Oil Field Discovery12/03/10 - Latin American Strategic Partnership
10/03/10 - Partnership Agreement
22/02/10 - Drillling Update
16/02/10 - Operations and Trading Update
30/12/09 - Drilling Update