The Latin America focused oil and gas firm Geopark Holdings has reduced its production forecast for the full year in response to disappointing drill results in Columbia and Chile.
In the six months to the end of June revenues nearly tripled, from $41.8m in 2011 to $122.7m this year. Oil revenues from Chilean and Argentinean operations increased by 179% to $68.9m. Colombian operations added a further $36.7m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
-
Thousands of Brits switch to Nationwide, Monzo and HSBC – which banks are least popular?As current account bank switches reach a record high, we look at the most and least popular banks and building societies among Brits. Is it worth switching?
-
Are these FTSE 100 pharmaceutical stocks worth a look?Pharmaceutical stocks are some of the biggest in the FTSE 100. The sector is threatened by tariffs, but some have posted encouraging results regardless.
