GeoPark has agreed to acquire LG Intl Corpâs interests in GeoParkâs Colombian and Chilean operations and subsidiaries, boosting the latterâs interest to 100% throughout. The key prize is LLA 34 (GeoPark operated, 45%). The deal is valued at USD 81 MM on closing + USD 30 MM by 2020, as well as 3 USD 5 MM contingent payments. The deal closes today.
GeoPark (->100%) announced acquisition of 55% interest in LLA 34 Block from LGI (LG International). 