GeoPark Limited (NYSE:GPRK) Q4 2022 Earnings Call Transcript March 9, 2023 10:00 AM ET
Company Participants
Andres Ocampo - Chief Executive Officer
Veronica Davila - Chief Financial Officer
Augusto Zubillaga - Chief Technical Officer
Conference Call Participants
Alejandro Demichelis - Nau Securities
Stephane Foucaud - Auctus Advisors
Roman Rossi - Canaccord
Oriana Covault - Balanz
Operator
Good morning, and welcome to the GeoPark Limited Conference Call following the Results Announcement for the Fourth Quarter ended December 31, 2022. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
If you do not have a copy of the press release, it 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 with 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 Reform Act of 1995. These risks include a variety of factors, including competitive developments and Risk Factors listed from time to time in 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 US dollars unless otherwise noted. Reserves figures correspond to PRMS standards.
On the call today from GeoPark is Andres 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'll turn the call over to Mr. Andres Ocampo. Mr. Ocampo, you may begin.
Andres Ocampo
Good morning and thank you for joining our call. We are connecting with our team from Houston, Texas, to report on our fourth quarter and full year 2022 financial results. During 2022, GeoPark completed its Work Program with 50 wells drilled for a total CapEx of nearly $170 million, mainly targeted to grow production in its most profitable assets, 2% production growth in Llanos 34 and 50% growth in CPO-5. Tigana, Jacana and now Indico ranked within the top 10 largest oil-producing fields in Colombia today.