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🇺🇸 SECGeoPark LtdDoubao · 实盘不做把握 6/10不做原因:无增量信息
北京时间·🕒 发布 05:26:03·⟳ 抓取 05:26:16 +13s·⚡ 决策 10-16 05:27:27 +1m11s·11.6 天前

GeoPark 3Q2026 运营更新:产量环比+2.6%但同比-1%,阿根廷增长、委内瑞拉按计划推进,无财务/指引惊喜

这是一份不含财务数据的例行季度运营更新:产量环比小幅+2.6%但同比仍-1%,核心哥伦比亚资产持平,委内瑞拉进入为此前已宣布事项、本次仅为附条件的进度汇报,未提供任何收入/利润/指引层面的新增惊喜,构不成方向性事件催化;盘后股价持平、成交极薄(约1.5万股)也印证市场未将其重定价。

📄 原文GeoPark Ltd↗ 原文
----- gprk-20261015x6k.htm ----- 6-K 1 gprk-20261015x6k.htm 6-K ​ ​ ​ ​ UNITED STATES SECURITIES AND EXCHANGE COMMISSIO…
不做 GeoPark Limited(GPRK.US)
纯运营口径的例行季度更新:产量环比+2.6%但同比-1%,无收入/利润/现金流/指引增量,委内瑞拉为旧事件附条件进度、探井仍在评估;盘后持平且量极薄,无预期差与方向性 edge。等待11月3日带财务与指引的正式财报再评估。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

GeoPark 3Q2026 运营更新显示产量基本稳定(27,973 boepd,环比+2.6%/同比-1%),阿根廷放量与委内瑞拉推进均属已知成长故事的延续,无财务或指引增量;缺乏正期望 edge,不做。

🔎 新鲜度:最早出现 2026-10-15 · 扩散 low · price-in 风险 low ↗

关键理由

  • 无明确可交易催化:本更新为纯运营口径,财务结果与指引要等到11月3日,当前无法据产量口径形成盈利预期差。
  • 两大潜在亮点(委内瑞拉、Milano/Toritos 探井)均处于附条件/测试评估阶段,前者是旧事件进度、后者尚无储量上修结论。

主要风险

  • 若11月3日财报伴随指引上调或探井储量上修,可能成为后续独立催化,但不属于本条运营更新的交易窗口。
  • 委内瑞拉交割或社区封锁/油价波动若出现突发变化,可能改变基本面,需以新事件重新评估。

反向证据

  • 做多前查反向 · 来源 filing · 日期 2026-10-15 · 影响 weakens
    6-K 原文无产量指引上调、无油价/成本/自由现金流数据;同比产量仍-1%,委内瑞拉附条件且未交割,社区封锁已解决但不构成新增利好;不足以支撑做多。
    检索:GPRK 3Q2026 production guidance revision / Venezuela Bare Block approval / blockade 原文 ↗

先例如何影响了这次决策

对本次决策的影响:未影响标的与方向(维持不做);真正需要先例校准的窗口是11月3日带财报与指引的正式业绩发布。

方向:未调用历史先例:本条为无财务/指引增量的例行运营更新,结论由内容本身缺乏预期差决定,先例不会改变 AVOID 判断。

涨幅量级:无高相似对齐样本,也无需用其校准幅度,因不开仓。

形态:不适用

工具执行结果 · 成功 2 · 降级 0 · 失败 0 · 取消 0
  1. search_processed_events 成功 stock_tools HTTP · 13 ms
    {"result": "search_processed_events:agent query=`geopark 3q2026 operational update production 27,973 boepd | geopark gprk q3 2026 quarterly production venezuela bare block | geopark vaca muerta pad 1030 milano 1x llanos 123`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent quer
  2. stock_quote 成功 stock_tools HTTP · 115 ms
    {

原文全文

展开原文 · 12,979 字
----- gprk-20261015x6k.htm -----
6-K
1
gprk-20261015x6k.htm
6-K
​
​
​
​
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
​
FORM 6-K
​
​
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
​
For the month of October 2026
​
Commission File Number: 001-36298
​
GeoPark Limited
(Exact name of registrant as specified in its charter)
​
Calle 94 N° 11-30 Piso 8
Bogota, Colombia
(Address of principal executive office)
​
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
​
Form 20-F
X
​
Form 40-F
​
​
​
GEOPARK LIMITED
TABLE OF CONTENTS
ITEM
1.
Press Release dated October 15, 2026 titled “Geopark Announces Third Quarter 2026 Operational Update”
Item 1
​
FOR IMMEDIATE DISTRIBUTION
​
GEOPARK ANNOUNCES THIRD QUARTER 2026 OPERATIONAL UPDATE
​
STABLE PRODUCTION IN COLOMBIA AND ACCELERATING GROWTH IN ARGENTINA
ADVANCING STRATEGIC ENTRY INTO VENEZUELA
​
Bogota, Colombia – October 15, 2026 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces its operational update for the three-month period ended September 30, 2026 (“3Q2026”).
​
GeoPark delivered solid operational performance in 3Q2026, supported by continued development and exploration activities across its core Colombian assets, including the Milano 1X discovery, and bringing five wells online in Vaca Muerta. In parallel, the Company advanced its next phase of growth, progressing toward the launch of its factory drilling campaign in Argentina and operational readiness in Venezuela.
​
Oil and Gas Production and Operations
●
3Q2026 consolidated average oil and gas production of 27,973 boepd, an increase of 2.6% versus 27,271 boepd in 2Q2026, supported by resilient operations in the Llanos 123
1
Block, the Platanillo
2
Block, and the CPO-5
3
Block in Colombia, as well as the start-up of Pad 1030 in the Loma Jarillosa Este Block
4
in Vaca Muerta
●
8 rigs in operation (3 drilling and 5 workover)
●
8 wells drilled and completed in Colombia, and 5 wells fractured and producing in Argentina
●
GeoPark announced its strategic expansion into Venezuela through the Bare Block, and is working to progress contractual milestones and operational and commercial readiness activities, targeting closing by the end of 4Q2026
​
Llanos 34 Block
5
: Strong Waterflooding and Polymer Projects Performance
●
3
Q2026 average production of 15,393 boepd net (34,206 boepd gross), versus 15,697 boepd in 2Q2026
●
Waterflooding projects continued to deliver strong results in 3Q2026, contributing 6,745 boepd gross, or 19.7% of total production in the block, and remaining key to sustaining the field’s production base
●
Polymer flooding project progressed according to plan, currently injecting in four patterns, with new patterns expected before year end
​
CPO-5 Block: Sustained Production Stability and Positive Exploration Results
●
3Q2026 average production of 6,073 boepd net (20,242 boepd gross), versus 6,132 boepd in 2Q2026, supported by Indico field performance despite operational challenges arising from community blockades, which have been since resolved
●
Milano 1X exploration well was drilled during 3Q2026, encountering 22 feet of net pay in the Mirador Formation. The well has been completed and the production test that started on September 24 is averaging 1,000 bopd with a 30% water cut. The well remains under production test, and the results are being evaluated to assess the potential of the discovery
​
1
GeoPark operated, 50% working interest.
2
GeoPark operated, 100% working interest. GeoPark Colombia S.A.S. holds 100% ownership of Amerisur Exploración Colombia Limited, which is the official contractor and operator of the block.
3
GeoPark non-operated, 30% working interest.
4
GeoPark operated, 100% working interest.
5
GeoPark operated, 45% working interest.
​
Argentina
: Strong Production Growth Ahead of Full-Scale Development Drilling
●
3Q2026 average production of 2,108 boepd gross, an increase of 50.6% versus 1,400 boepd in 2Q2026, supported by the tie-in of the five newly fracked wells at Pad 1030 in the Loma Jarillosa Este Block
●
Loma Jarillosa Este Block:
-
Completed 180 hydraulic fracturing stages across the five wells on Pad 1030 and brought all five wells onstream, lifting current gross field production to over 5,000 boepd
-
Completed and tested the water disposal well
●
Puesto Silva Oeste Block
6
: Environmental Impact Assessment for the central processing facility approved on October 13, 2026
​
Llanos 123 Block: Development Drilling Continues to Support Growth
●
3Q2026 average production of 3,538 boepd net (7,076 boepd gross), 11.6% higher than 2Q2026, continuing the upward trend observed throughout 2026. Following the start of the Toritos Norte 2 well production test, the block’s gross production reached 8,000 bopd on September 30
●
Toritos Norte 2 development well encountered 34 feet of net pay in the Barco Formation. Production test started September 28, and current average production is 1,100 bopd with 5% water cut, validating the potential of the Toritos area
​
Putumayo: Platanillo Maintains Stable Production
●
3Q2026 average production of 862 boepd in the Platanillo Block versus 873 boepd in 2Q2026, preserving flexibility for future capital allocation decisions
​
Venezuela: Advancing Bare Block Operational and Business Readiness Following Strategic Entry
●
GeoPark is working closely with PDVSA to fulfill the contractual, regulatory and technical requirements including required plans, complementary agreements and approvals, targeting effectiveness of the CPPH contract and start of operations before end-2026, subject to applicable approvals and conditions
●
Joint technical work with PDVSA has advanced field assessments, well reactivation planning, facilities and infrastructure reviews, and preparation of the business and operational plans to support a phased brownfield redevelopment, initially focused on well reactivations
●
GeoPark activated its cross-functional integration program, advanced critical service procurement, was awarded the environmental baseline contract and progressed the organizational, commercial and operational capabilities required for a safe and orderly transition upon transaction closing
​
Upcoming Catalysts 4Q2026
●
Drilling 7-8 gross wells in 4Q2026 in Colombia and begin factory drilling in Argentina
●
Key projects include:
-
Llanos 34 Block: Drilling four infill wells in the Tigana field to complete the 17-well drilling campaign
-
CPO-5 Block: Drilling one exploration well
-
Argentina: Commence crude oil deliveries through pipeline to third-party processing facilities and spud the first pad of the factory drilling campaign
-
Llanos 123 Block: Currently evaluating the
drilling of two development wells
7
-
Llanos 87 Block
8
: Executing a workover campaign to reactivate the Zorzal field
-
Llanos 86 Block
9
: Drilling one exploration well
​
​
​
​
​
​
​
6
GeoPark operated, 95% working interest.
7
Subject to required approvals.
8
GeoPark operated, 50% working interest.
9
GeoPark operated, 50% working interest.
2
​
Breakdown of Quarterly Production by Country
​
The following table shows production figures for 3Q2026, as compared to 3Q2025:
​
3Q2026
3Q2025
Total
(boepd)
Oil
(bopd)
a
Gas
(mcfpd)
Total
(boepd)
% Change
Colombia
25,865
25,865
-
26,208
-1%
Argentina
b
2,108
1,991
702
-
-
Ecuador
c
-
-
-
926
-100%
Brazil
d
-
-
-
1,002
-100%
Total
27,973
27,856
702
28,136
-1%
​
a)
Includes royalties and other economic rights paid in kind in Colombia for approximately 4,898 bopd in 3Q2026.
b)
The acquisition of a 100% operated working interest in the Loma Jarillosa Este and Puesto Silva Oeste blocks was completed on October 16, 2025, with the first production contribution recorded in 4Q2025.
c)
GeoPark divested the Espejo and Perico Blocks in Ecuador on December 9, 2025.
d)
GeoPark divested the Manati gas field in Brazil on December 12, 2025.
​
​
Quarterly Production
​
(boepd)
3Q2026
2Q2026
1Q2026
4Q2025
3Q2025
Colombia
25,865
25,871
25,819
25,629
26,208
Ecuador
-
-
-
650
926
Brazil
-
-
-
837
1,002
Argentina
2,108
1,400
1,430
1,234
-
Total
a
27,973
27,271
27,249
28,351
28,136
Oil
27,856
27,162
27,141
27,431
27,149
Gas
117
109
108
921
987
​
a)
In Colombia, production includes royalties paid in kind, and in Ecuador it is shown before the Government’s production share
​
​
Reporting Date for 3Q2026 Results Release, Conference Call and Webcast
​
GeoPark will report its 3Q2026 results on Tuesday, November 3, 2026, after market close.
​
GeoPark management will host a conference call on Wednesday, November 4, 2026, at 8:00 am (Eastern Standard Time) to discuss the 3Q2026 financial results.
​
To listen to the call, participants can access the webcast located in the Invest with Us section of the Company’s website at www.geo-park.com, or by clicking below:
​
https://events.q4inc.com/attendee/940669489
​
Interested parties may participate in the conference call by dialing the numbers provided below
​
United States Participants: +1 585-542-9983
Global Dial-In Numbers:
https://help.events.q4inc.com/eahc/international-dial-in-numbers
Passcode: 940669489
​
Please allow extra time prior to the call to visit the website and download any streaming media software that might be required to listen to the webcast.
3
​
An archive of the webcast replay will be made available in the Invest with Us section of the Company’s website at www.geo-park.com after the conclusion of the live call.
​
For further information, please contact:
​
INVESTORS:
​
Maria Catalina Escobar
Shareholder Value and Capital Markets Director
mescobar@geo-park.com
​
Miguel Bello
Investor Relations Officer
​
mbello@geo-park.com
​
Maria Alejandra Velez
Investor Relations Leader
​
mvelez@geo-park.com
​
MEDIA:
​
Communications Department
communications@geo-park.com
​
NOTICE
​
Additional information about GeoPark can be found in the “Invest with Us” section on the website at www.geo-park.com.
​
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentages included in this press release have not in all cases been calculated on the basis of such rounded amounts, but on the basis of such amounts prior to rounding. For this reason, certain percentages in this press release may vary from those obtained by performing the same calculations on the basis of the amounts in the financial statements. Similarly, certain other amounts included in this press release may not sum due to rounding.
​
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
​
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
​
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including, the Company’s drilling campaign, waterflooding projects, polymer flooding projects, production guidance, closing of acquisition transactions and production consolidation. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
​
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).
​
Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained by dividing total production by 365 days.
4
​
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
​
​
​
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GeoPark Limited
​
​
​
​
​
​
​
By:
/s/ Jaime Caballero Uribe
.
​
​
Name:   Jaime Caballero Uribe
​
​
Title:
Chief Financial Officer
​
​
​
​
Date: October 15, 2026
5

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  1. 370cd05158 · 2026-10-16 05:27 · doubao / doubao-seed-evolving-latest-version · 策略包 2226518bfdee当前