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GeoPark Announces Third Quarter 2026 Operational Update

Business Wire

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 1231 Block, the Platanillo2 Block, and the CPO-53 Block in Colombia, as well as the start-up of Pad 1030 in the Loma Jarillosa Este Block4 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 Block5: Strong Waterflooding and Polymer Projects Performance

  • 3Q2026 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

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