哥伦比亚的采收率最大化、评估结果积极以及在普图马约瓦卡穆
埃尔塔钻探的第一口勘探井取得强劲的生产业绩

GeoPark Limited（“eoPark”或“公司”）是一家领先的独立能源公司，在拉丁美洲拥有 20 多年的成功运营经验，现宣布其截至 2024 年 12 月 31 日的三个月（“4Q2024”）的运营更新。

石油和天然气生产与运营

2024 年第四季度综合平均石油和天然气产量为 31,489 桶油当量/天，1 比 2024 年第三季度低 5%，原因是封锁影响了哥伦比亚 Llanos 34（地质公园运营，45% WI）和 CPO-5（地质公园未运营，30% WI）区块的运营
年平均石油和天然气产量为 33,937 桶油当量/天
1 2024 年底有 10 个钻机投入运营（4 个钻井和 6 个修井），其中包括一个位于 Vaca Muerta 的钻井平台
2024 年钻探了 43 口井（包括 Vaca Muerta 的 7 口井）
2024 年第四季度地质公园运营的资产中没有发生任何可记录事故

Llanos 34 区块：通过注水作业提高采收率

2024 年第四季度平均净产量为 19,342 桶油当量/天（总产量为 42,981 桶油当量/天），比 2024 年第三季度低 5%。修井和钻井作业的良好表现部分抵消了产量下降，这主要是由于 Curucucu 4 号井的产量（目前总产量为 800 桶油当量/天）
注水项目在 2024 年第四季度继续取得强劲业绩（总产量为 5,500 桶油当量/天），占该区块总产量的 13%。 10 月和 12 月，三口新的注入井开始运营
钻探活动中增加了两口开发井（Tigui 26 和 Curucucu 2）

CPO-5 区块：生产受到封锁的影响

2024 年第四季度平均净产量为 6,402 桶油当量/天（总产量 21,342 桶油当量/天），比 2024 年第三季度下降 17%，受到 Indico 油田封锁的影响
Cante Flamenco 2：评估井于 2024 年 9 月达到总深度 (TD)，在下 Mirador 地层发现 14 英尺净产层，在 Ubaque 地层发现 15 英尺净产层，目前正在进行测试和评估
3D 地震：从 232 平方公里的新 3D 地震中发现了新的潜在机会，并将在接下来的几个月内进行评估

Vaca Muerta：强劲的表现增加了预计产量和储量

2024 年第四季度平均产量为 15,052 桶油当量/天（2024 年 11 月达到创纪录的 16,060 桶油当量/天），比 2024 年第三季度高 19%，这得益于 Mata Mora Norte 区块（GeoPark 未运营，45% WI）的稳步增长以及 Confluencia Norte 区块（GeoPark 未运营，50% WI）的第一个勘探平台的投入产量
Confluencia Norte：第一个平台投入生产，峰值达到 4,700 桶油当量/天，代表了 Rio Negro 省的首个 Vaca Muerta 产量。该平台有三口井（每口水平段长度为 3000 米），单口井数量与 Mata Mora Norte 平台上的四口井相当。Mata
Mora Norte：DeGolyer & MacNaughton (D&M) 编制了一份截至 2024 年 6 月 30 日的中期储量报告 2，报告显示：
- 净 1P 储量为 3910 万桶油当量 (mmboe)
- 净 2P 储量为 7520 万桶油当量
- 净 3P 储量为 14280 万桶油当量

GeoPark 将于 2 月发布完整的 DeGolyer & MacNaughton 2024 报告，并预计 Vaca Muerta 储量的增加将有助于弥补哥伦比亚储量的潜在下降。Llanos

Exploration：钻井成功使产量提高了 13%

2024 年第四季度平均净产量为 1,792 桶油当量/天（总产量 3,584 桶油当量/天），比 2024 年第三季度高 13%，主要得益于 Llanos 123 区块（GeoPark 运营，50% WI）的评估结果：
- Toritos Sur-2 评估井于 2024 年 11 月达到 TD，目前正在等待测试
- Saltador-2 评估井于 2024 年 11 月钻探。生产力低，作为处置井完成
- Bisbita Oeste-1 评估井于 2024 年 12 月下旬达到 TD，并将于 2025 年 1 月进行测试

Llanos 86 和 Llanos 104 区块（GeoPark 运营，50% WI）：
- 环境许可证已获批准，允许在两个区块启动勘探和开发活动
- 3D 地震：最终处理已完成，确定未来几个月的新钻探机会

Putumayo：正在进行勘探活动

Platanillo 区块（GeoPark 运营，100% WI）：由于其成本结构，该油田被关闭

PUT-8 区块（GeoPark 运营，50% WI）：
- Bienparado Norte-1 勘探井于 2024 年 12 月开钻，并于 1 月第一周达到 TD。计划于 2025 年一季度完工
- Bienparado Sur-1 勘探井许可证于 2024 年 12 月的最后一周获得批准，预计于 2025 年一季度钻探该井

即将到来的催化剂 2025 年一季度

2025 年一季度在哥伦比亚钻探 3-6 口总井，在阿根廷钻探 4 口总井，针对常规、非常规、评估和勘探项目
关键项目包括：
- Llanos 34 区块：在 Tigui 地区钻探 1 口加密井，在 Curucucu 油田钻探 1 口井
- CPO-5 区块：在 Indico 油田安装人工举升的修井活动
- Mata Mora Norte 区块：PAD-9 投入生产（3 口井），PAD-12 完成钻探（4 口井）
- Llanos 123 区块：钻探 1-2 口评估井
- PUT-8 区块：钻探 1 口勘探井

2024 年第四季度业绩发布、电话会议和网络直播报告日期
GeoPark 将于 2025 年 3 月 5 日星期三收盘后报告其 2024 年第四季度和 2024 年全年财务业绩

。GeoPark 管理层将于 2025 年 3 月 6 日上午 10:00（东部标准时间）召开电话会议，讨论 2024 年第四季度和 2024 年全年财务业绩。

如需收听电话会议，参与者可访问公司网站 www.geo-park.com 的“与我们一起投资”版块中的网络直播，或点击以下链接： https:

//events.q4inc.com/attendee/244911827

有意者可拨打以下号码参加电话会议

美国参与者：+1 404-975-4839

全球拨入号码： https:

//www.netroadshow.com/events/global-numbers?

confId=72342 密码：595176

请在电话会议开始前预留一些时间，以便访问网站并下载收听网络直播所需的流媒体软件。

电话会议结束后，公司网站 www.geo-park.com 的“与我们一起投资”版块将提供网络直播重播的存档。

MAXIMIZING RECOVERY IN COLOMBIA, POSITIVE APPRAISAL RESULTS AND FIRST EXPLORATION WELL DRILLED IN PUTUMAYO
VACA MUERTA DELIVERS STRONG PRODUCTION RESULTS

GeoPark Limited (“GeoPark” or the “Company”), 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, 2024 (“4Q2024”).

Oil and Gas Production and Operations

4Q2024 consolidated average oil and gas production of 31,489 boepd,1 5% lower than 3Q2024 due to blockades affecting operations in the Llanos 34 (GeoPark operated, 45% WI) and CPO-5 (GeoPark non-operated, 30% WI) blocks in Colombia
Annual average oil and gas production of 33,937 boepd 1
10 rigs in operation (4 drilling and 6 workover) at end-2024, including one drilling rig in Vaca Muerta
43 wells drilled in 2024 (including 7 wells in Vaca Muerta)
Zero recordable incidents in 4Q2024 in GeoPark-operated assets

Llanos 34 Block: Enhanced Recovery Through Waterflooding Campaign

4Q2024 average production of 19,342 boepd net (42,981 boepd gross), 5% lower than 3Q2024. The decline was partially compensated by the good performance of workover and drilling campaigns, mainly due to production put on at the Curucucu 4 well (currently producing 800 boepd gross)
Waterflooding projects continued to deliver strong results in 4Q2024 (5,500 gross boepd), 13% of total production in the block. Three new injector wells started operations in October and December
Two development wells have been added to the drilling campaign (Tigui 26 and Curucucu 2)

CPO-5 Block: Production Impacted by Blockades

4Q2024 average production of 6,402 boepd net (21,342 boepd gross), 17% lower than 3Q2024, impacted by blockades in the Indico field
Cante Flamenco 2: Appraisal well reached total depth (TD) in September 2024, finding 14 ft of net pay in the Lower Mirador Formation and 15 ft of net pay in the Ubaque Formation, and is currently in testing and evaluation
3D Seismic: New prospective opportunities were identified from 232 sq km of new 3D seismic and will be evaluated in the following months

Vaca Muerta: Strong Performance Adds Pro forma Production and Reserves

4Q2024 average production of 15,052 boepd gross (reaching a record of 16,060 boepd gross during November 2024), 19% higher than 3Q2024, driven by steady growth in the Mata Mora Norte Block (GeoPark non-operated, 45% WI) and put-on production from the first exploration pad in the Confluencia Norte Block (GeoPark non-operated, 50% WI)
Confluencia Norte: The first pad was put on production, peaking at 4,700 boepd gross and representing the first Vaca Muerta production in Rio Negro province. The pad has three wells (3000m lateral length each), and on a per-well basis is comparable to the pads on Mata Mora Norte, which have four wells.
Mata Mora Norte: DeGolyer & MacNaughton (D&M) has prepared an Interim Reserves Report as of June 30, 20242 showing:
- Net 1P reserves of 39.1 million barrels of oil equivalent (mmboe)
- Net 2P reserves of 75.2 mmboe
- Net 3P reserves of 142.8 mmboe

GeoPark will issue a release on the full DeGolyer & MacNaughton 2024 report in February and expects that increased reserves in Vaca Muerta will help compensate potential declines in reserves in Colombia.

Llanos Exploration: Drilling Success Increases Production by 13%

4Q2024 average production of 1,792 boepd net (3,584 boepd gross), 13% higher than 3Q2024 mainly driven by appraisal results from the Llanos 123 Block (GeoPark operated, 50% WI):
- The Toritos Sur-2 appraisal well reached TD in November 2024 and is currently awaiting testing
- The Saltador-2 appraisal well was drilled in November 2024. Productivity was low, and it was completed as a disposal well
- The Bisbita Oeste-1 appraisal well reached TD in late December 2024, and will be tested in January 2025

Llanos 86 and Llanos 104 Blocks (GeoPark operated, 50% WI):
- Environmental licenses were approved, permitting the initiation of exploratory and development activities in both blocks
- 3D seismic: Final processing has been completed, identifying new opportunities to be drilled in the following months

Putumayo: Exploration Campaign Underway

Platanillo Block (GeoPark operated, 100% WI): The field had been shut in due to its cost structure

PUT-8 Block (GeoPark operated, 50% WI):
- The Bienparado Norte-1 exploration well spudded in December 2024 and reached TD in the first week of January. Completion is planned during 1Q2025
- The Bienparado Sur-1 exploration well license was approved in the final week of December 2024, and the well is expected to be drilled in 1Q2025

Upcoming Catalysts 1Q2025

Drilling 3-6 gross wells in 1Q2025 in Colombia and 4 gross wells in Argentina, targeting conventional, unconventional, appraisal and exploration projects
Key projects include:
- Llanos 34 Block: Drilling 1 infill well in the Tigui area and 1 well in the Curucucu field
- CPO-5 Block: Workover campaign to install artificial lift in the Indico field
- Mata Mora Norte Block: Putting on production at PAD-9 (3 wells) and finishing drilling PAD-12 (4 wells)
- Llanos 123 Block: Drilling 1-2 appraisal wells
- PUT-8 Block: Drilling 1 exploration well

Reporting Date for 4Q2024 Results Release, Conference Call and Webcast
GeoPark will report its 4Q2024 and full-year 2024 financial results on Wednesday, March 5, 2025, after market close.

GeoPark management will host a conference call on March 6, 2025, at 10:00 am (Eastern Standard Time) to discuss the 4Q2024 and full-year 2024 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/244911827

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

United States Participants: +1 404-975-4839

Global Dial-In Numbers:

https://www.netroadshow.com/events/global-numbers?confId=72342

Passcode: 595176

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.