Argentina

High-quality assets with existing production, reserves and cash flow, and immediate, large scale upside in Vaca Muerta, the best onshore hydrocarbons play in Latin America today.

Four adjacent blocks in world class Vaca Muerta shale formation are a perfect fit for GeoPark’s portfolio, and leverage 20+ years of operational and business presence in Argentina

The Mata Mora Norte producing block and Mata Mora Sur, Confluencia Norte and Confluencia Sur exploration blocks are located in the Vaca Muerta oil window, providing immediate access to a rapidly growing reserves profile —25 mmboe of 1P net reserves, 49.5 mmboe of 2P net reserves, and 102.6 mmboe of 3P net reserves. Spanning 122,315 acres (gross), they are adjacent to ongoing shale operations and two existing oil pipelines, with a third under construction.

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Argentina at a Glance

Mata Mora Norte, Mata Mora Sur, Confluencia Norte, Confluencia Sur

Key Assets

11,220 boepd

Production (1Q2024)

49.5 mmboe

2P Net Reserves2023 D&M certified 2P Reserves

122,315

Gross Acres
(58,402 Net Acres)

Mata Mora Norte: High margin, net production base

Production in this block went from zero to 13,000+ gross boepd in only three years. With approximately 150 more gross drilling locations identified for the full development of the block, production could reach 40,000 gross boepd by 2028.

Mata Mora Sur, Confluencia Norte and Confluencia Sur: Significant, low-risk exploration upside

The three exploration blocks have 79,000 gross acres and 241 mmboe of gross 3C certified contingent resources. The exploration acreage is estimated to add 200 gross drilling locations.

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