GeoPark Initiates Drilling Campaign in Colombia

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: “GPRK”), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru¹, today announced the start-up of its drilling program in the Llanos 34 Block (GeoPark operated with a 45% working interest) in Colombia.

GeoPark’s 2016 drilling program in the Llanos 34 Block commenced the second week of June with the spudding of the Jacana 3 appraisal well and is expected to continue with the drilling of the Jacana 4 well. The Jacana oil field, discovered in September 2015, is currently producing approximately 5,700 bopd gross from two wells and is located south-west and on trend with the large Tigana oil field.

¹Transaction executed with Petroperu on October 1, 2014 with final closing subject to Peru Government approval

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