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GeoPark Completes Acquisition in Vaca Muerta and Initiates Operatorship of Two High-Quality Blocks

  • GeoPark Limited completed its acquisition of a 100% operated working interest in the Loma Jarillosa Este & Puesto Silva Oeste blocks within Argentina's Vaca Muerta formation.
  • The Government of Neuquén Province issued decrees DECTO-2025-1226 & DECTO-2025-1270 to finalize regulatory approvals for the transaction.
  • GeoPark transferred a 5% working interest in the Puesto Silva Oeste Block to Gas y Petróleo del Neuquén S.A ("GyP"), which joins as a strategic partner.
  • GeoPark & Pluspetrol executed public deeds to formalize the transfer of concessions.
  • The total consideration for the acquisition was $115 million, including a $22.7 million security deposit & a $92.3 million balance payment.
  • CEO Felipe Bayon stated the closing marks a milestone as GeoPark officially becomes an operator in the Vaca Muerta region.