GeoPark, which operates three blocks in Argentina and one block in Chile covering over 700,000 acres, is the only independent upstream oil and gas company operating in Chile other than the state-owned ENAP. GeoPark's aggregate production from Argentina and Chile will now be around 1,240 boepd.
Commenting on these developments, Gerald O'Shaughnessy, Executive Chairman of GeoPark, said:
"Since the completion of our IPO in May 2006, the Company has secured a 100% interest in the Fell Block and accelerated the build up of its oil and gas production. This latest increase in production will generate additional cash flows and allow us to pursue the growth strategy articulated at the time of our IPO.
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