GeoPark cuts production guidance

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.

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.

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