GeoPark moves into Colombia with double acquisition

Latin America-focused oil and gas group GeoPark Holdings has acquired two exploration and production companies for a total of $30m in cash, adjusted for working capital.

Latin America-focused oil and gas group GeoPark Holdings has acquired two exploration and production companies for a total of $30m in cash, adjusted for working capital.

GeoPark, which currently operates nine blocks in Chile and Argentina with oil and gas production of around 9,200 barrels of oil equivalent per day (boepd), will move into the Colombia region by snapping up Winchester Oil and Gas and La Luna Oil.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.