GeoPark Limited (NYSE:GPRK) Q2 2023 Results Conference Call August 10, 2023 10:00 AM ET
Company Participants
Andrés Ocampo - Chief Executive Officer
Veronica Davila - Chief Financial Officer
Augusto Zubillaga - Chief Technical Officer
Martin Terrado - Chief Operating Officer
Stacy Steimel - Shareholder Value Director
Conference Call Participants
Alejandro Demichelis - Jefferies
Stephane Foucaud - Auctus Advisors
Roman Rossi - Canaccord Genuity
Daniel Guardiola - BTG
Operator
Good morning, and welcome to the GeoPark Limited conference call following the results announcement for the second quarter ended June 30, 2023. After the speaker’s remarks there will be a question and answer session. [Operator Instructions]
If you do not have a copy of the press release is available at the Invest with Us section on the company’s corporate website at www.geo-park.com. A replay of today’s call may be accessed through this webcast in the Invest with Us section of the GeoPark corporate website.
Before we continue, please note that certain statements contained in the results press release and on this conference call are forward-looking statements rather than historical facts and are subject to risks and uncertainties that could cause actual results to differ materially from those described.
With respect to such forward-looking statements, the company seeks protections afforded by the Private Securities Litigation Reforms Act of 1995. These risks include a variety of factors, including competitive developments and risk factors listed from time-to-time the company’s SEC reports and public releases.
Those lists are intended to identify certain principal factors that could cause actual results to differ materially from those described in the forward-looking statements. But are not intended to represent a complete list of the company’s business. All financial figures included herein were prepared in accordance with the IFRS and are stated in U.S. dollars unless otherwise noted. Reserves figures correspond to PRMS standards.
On the call today from GeoPark is Andrés Ocampo, Chief Executive Officer; Veronica Davila, Chief Financial Officer; Augusto Zubillaga, Chief Technical Officer; Martin Terrado, Chief Operating Officer and Stacy Steimel, Shareholder Value Director.
And now I will turn the call over to Mr. Andrés Ocampo. Mr. Ocampo, you may begin.
Andrés Ocampo
Good morning, everyone and welcome to our second quarter results call. We are joining with our team here in Bogota, Colombia. We are advancing on our drilling program, which is already delivering results.
We drilled 10 wells in the second quarter and have a busy schedule ahead of us with 10 rigs now in operation and two more coming this quarter. Our horizontal well drilling campaign in the Mirador formation in the general 34 block is moving ahead full speed with two wells already completed and on production and the third one already started and about 30-days from reaching TD.