GeoPark Announces Fourth Quarter 2025 Operational Update

BOGOTA, Colombia--( BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces its operational update for the three-month period ended December 31, 2025 (“4Q2025”).

GeoPark closed 2025 delivering full-year production that surpassed the upper end of its yearly guidance range, supported by strong execution across its core assets in Colombia and Argentina. 2025 also marked the successful initiation of a polymer injection project in the Llanos 34 Block (GeoPark operated, 45% working interest (“WI”)), strengthening secondary recovery performance. In Argentina, integration of the newly acquired assets in Vaca Muerta was completed safely and ahead of plan, contributing to early production growth.

Oil and Gas Production and Operations

Llanos 34 Block: Successful Initiation of the Polymer Injection Project

CPO-5 Block: Production Impacted by Blockades

Argentina: Operational Transition Completed with Early Production Uplift

Llanos Exploration: Strong Appraisal Results in Llanos 123

Putumayo: Production Campaign Underway

Upcoming Catalysts 1Q2026

Update on Board Composition

Mr. Somit Varma has stepped down from the Board of Directors of GeoPark Ltd. for personal reasons, effective January 19, 2026.

Mr. Varma joined the Board in 2020 and brought to GeoPark more than three decades of global experience in oil and gas, mining, and infrastructure investing. During his tenure, he played an active role across key Board committees, including those focused on strategy, risk, audit, and corporate governance.

The Board of Directors is grateful for Mr. Varma’s commitment, judgment, and service to GeoPark and wishes him well in his future endeavors. The Board will review its succession options and committee composition in due course.

Breakdown of Quarterly Production by Country

The following table shows production figures for 4Q2025, as compared to 4Q2024:

4Q2025

4Q2024

Total

(boepd)

Oil

(bopd) a

Gas

(mcfpd)

Total

(boepd)

Change

Colombia

25,629

29,740

-14%

Argentina

1,234

1,138

580

Ecuador

650

1,749

-63%

Brazil

837

4,944

Total

28,351

27,431

5,524

31,489

-10%

Includes royalties and other economic rights paid in kind in Colombia for approximately 3,890 bopd in 4Q2025. No royalties were paid in kind in Ecuador or Brazil. Production in Ecuador is reported before the Government’s production share of approximately 157 bopd.

Quarterly Production

(boepd)

4Q2025

3Q2025

2Q2025

1Q2025

4Q2024

Colombia

25,629

26,208

25,868

27,610

29,740

Ecuador

650

926

1,281

1,466

1,749

Brazil

837

1,002

231

Argentina

1,234

Total a

28,351

28,136

27,380

29,075

31,489

Oil

27,431

27,149

27,151

28,971

31,354

Gas

921

987

228

104

135

In Colombia, production includes royalties paid in kind, and in Ecuador it is shown before the Government’s production share.

Reporting Date for 4Q2025 Results Release, Conference Call and Webcast

GeoPark will report its 4Q2025 and full-year 2025 financial results on Wednesday, February 25, 2026, after market close.

GeoPark management will host a conference call on Thursday, February 26, 2026, at 10:00 am (Eastern Standard Time) to discuss the 4Q2025 and full-year 2025 financial results.

To listen to the call, participants can access the webcast located in the Invest with Us section of the Company’s website at www.geo-park.com, or by clicking below:

https://events.q4inc.com/attendee/562628801

Interested parties may participate in the conference call by dialing the numbers provided below

United States Participants: +1 646 844 6383

Global Dial-In Numbers:

https://www.netroadshow.com/events/global-numbers?confId=48643

Passcode: 459798

Please allow extra time prior to the call to visit the website and download any streaming media software that might be required to listen to the webcast.

An archive of the webcast replay will be made available in the Invest with Us section of the Company’s website at www.geo-park.com after the conclusion of the live call.

NOTICE

Additional information about GeoPark can be found in the “Invest with Us” section on the website at www.geo-park.com.

Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentages included in this press release have not in all cases been calculated on the basis of such rounded amounts, but on the basis of such amounts prior to rounding. For this reason, certain percentages in this press release may vary from those obtained by performing the same calculations on the basis of the amounts in the financial statements. Similarly, certain other amounts included in this press release may not sum due to rounding.

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 that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including, drilling campaign, production guidance, closing of acquisition and divestment transactions and production consolidation. 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 of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).

Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained by dividing total production by 365 days.

1 GeoPark Colombia S.A.S. holds 100% ownership of Amerisur Exploración Colombia Limited, which is the official contractor and operator of the block.