GeoPark production rises in second quarter
The Latin America-focused oil and gas company, GeoPark, has reported increased production from its sites in Chile, Colombia and Argentina.
The Latin America-focused oil and gas company, GeoPark, has reported increased production from its sites in Chile, Colombia and Argentina.
The company extracted 11,625 barrels of oil equivalent per day in the second quarter, a 66% increase on the same period of 2011.
GeoPark also made four discoveries between April and June, two in Colombia and two in Chile.
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
The Chief Executive, James Park, said he was pleased by progress in Colombia, and said the firm entered the second half of the year "with confidence".
At 09:57 the stock was unchanged from Friday's close.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Luxury stocks rally after Richemont sales boom
Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?
By Dr Matthew Partridge Published
-
Has inflation been tamed in the UK?
After a surprise drop in inflation, the Bank of England is set for more rate cuts in the year ahead. But investors are cautious about pricing in too many cuts
By Alex Rankine Published