Geopark Holdings Ltd said on Tuesday it acquired oil and gas exploration and production company Hupecol Cuerva in Colombia for $75 million.
Geopark, which also has operations in Argentina and Chile, expanded into Colombia earlier this year with its $30 million purchase of the Winchester Oil and Gas and La Luna companies.
Hupecol Cuerva includes the La Cuerva block, which is producing some 2,000 barrels of oil per day.
Geopark said it will pay for the acquisition using its existing cash resources.
Posts
No comments:
Post a Comment
Thanks for your visit, hope you enjoy the content, we expect to see you again soon.