GeoPark + Parex have executed an agreement under which GeoPark will assume, subject to ANH approval, a 50% interest in block LLA 94 in exchange for funding its 50% pro-rata share of existing commitments, with no carry. Parex was awarded this block in July under the (1st) Proceso Permanente de AsignaciÃ³n de Ãreas (PPAA) Ciclo 1, 357 sq km on the S. Casanare trend, Llanos Basin.   GeoPark otherwise confirms the 2nd PPAA assignments, namely LLA 123 + 124, res. 358 sq km + 112 sq km in the Llanos (DEA 10 Dec '19). Final contracts are expected to be signed in December 2019 or early 2020. Maps and release from GeoPark.
GeoPark takes 50% interest in LLA 94 from Parex (->50% op.).