Expanding its footprint in the highly productive Llanos Basin, Geopark, on 17 December 2019, noted that it, in partnership with Ecopetrol's Hocol subsidiary, was awarded the LLA-124 Block from the Agencia Nacional de Hidrocarburos (ANH) Phase II of the Permanent Process of Assignment of Areas (PPPA). The LLA-124 Block is located adjacent to GeoPark's prolific LLA-34 tract. There, GeoPark operates the LLA-34 Block with 45% interest under its GeoPark Colombia SAS subsidiary and Parex Resources holds 55% WI under its subsidiaries Parex Resources Colombia Ltda (45%) and Verano Energy Barbados Ltd (10%). As for LLA-124, GeoPark will be the operator with a 50% WI and Hocol will hold the remainder. Both Hocol and Geopark bid on another block, LLA-123, at the PPAA Phase II round. In addition to its planned 50% WI acquisition in Parex's LLA-94 Block, GeoPark and its partners have preliminarily identified multiple oil prospects and leads in these blocks. "Geoscience evaluation is ongoing and field operations are expected to start in 2020," GeoPark said. 
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