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GeoPark Announces Renewal of Share Repurchase Program and Special Stock Dividend

February 10, 2020 GMT

BOGOTA, Colombia--(BUSINESS WIRE)--Feb 10, 2020--

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced that its Board of Directors has approved the renewal of a program to repurchase up to 10% of its shares outstanding or approximately 5,930,000 shares and the declaration of a special stock dividend of 0.004 shares per share.

Renewal of Share Repurchase Program

Special Stock Dividend

NOTICE

Additional information about GeoPark can be found in the “Investor Support” section on the Web site at www.geo-park.com

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 appear in a number of places in this press release and include, but are not limited to, statements regarding the repurchase program and the stock dividend. 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 the risks facing the Company which could affect whether these forward-looking are realized, see filings with the U.S. Securities and Exchange Commission.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200210005426/en/

CONTACT: INVESTORS:

Stacy Steimel – Shareholder Value Director

ssteimel@geo-park.com

Santiago, Chile

T: +562 2242 9600

Miguel Bello – Market Access Director

mbello@geo-park.com

Santiago, Chile

T: +262 2242 9600

MEDIA:

Jared Levy – Sard Verbinnen & Co

jlevy@sardverb.com

New York, USA

T: +1 (212) 687-8080

Kelsey Markovich – Sard Verbinnen & Co

kmarkovich@sardverb.com

New York, USA

T: +1 (212) 687-8080

KEYWORD: SOUTH AMERICA COLOMBIA

INDUSTRY KEYWORD: OIL/GAS ENERGY

SOURCE: GeoPark Limited

Copyright Business Wire 2020.

PUB: 02/10/2020 07:30 AM/DISC: 02/10/2020 07:31 AM

http://www.businesswire.com/news/home/20200210005426/en