Core Viewpoint - GeoPark Limited is a significant entity in the Latin American energy sector, with upcoming quarterly earnings expected to show a slight loss in EPS and moderate revenue [1][5]. Financial Metrics - The company has a price-to-earnings (P/E) ratio of 20.95, indicating a premium valuation by investors [2][5]. - The price-to-sales ratio is 1.12, suggesting that the market values its sales favorably [2][5]. - The enterprise value to sales ratio stands at 2.15, reflecting the overall valuation relative to sales [2][5]. - The enterprise value to operating cash flow ratio is 6.20, indicating how the market values GeoPark's cash-generating ability [3]. - The earnings yield is 4.77%, representing the return on investment for shareholders [3]. - Despite a high debt-to-equity ratio of 2.86, indicating reliance on debt, the company maintains a strong liquidity position with a current ratio of 2.63 [3]. Corporate Governance Developments - Parex Resources Inc. has nominated six director candidates for GeoPark's Board of Directors, following a $9.00 per share offer in September 2025 [4][5]. - These corporate governance activities may influence GeoPark's strategic direction and shareholder interests [4].

Core Viewpoint - Frontera Energy Corporation acknowledges receipt of an unsolicited acquisition proposal from Parex Resources for its Colombian upstream exploration and production assets, which are also under an agreement to be sold to GeoPark Limited [1] Group 1: Acquisition Proposals - Frontera has received an unsolicited proposal from Parex Resources to acquire its upstream Colombian exploration and production business [1] - The assets in question are the same that Frontera has agreed to sell to GeoPark Limited under a previously announced arrangement agreement dated January 29, 2026 [1] - The Frontera Board of Directors is reviewing the Parex proposal while continuing to recommend the GeoPark transaction to its shareholders [1] Group 2: Company Overview - Frontera Energy Corporation is a Canadian public company engaged in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America [1] - The company has a diversified portfolio with interests in 18 exploration and production blocks in Colombia and Guyana, along with pipeline and port facilities in Colombia [1] - Frontera is committed to conducting its business in a socially, environmentally, and ethically responsible manner [1]

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Frontera's Colombian portfolio comprises 17 exploration and production blocks, including the Quifa and Cubiro fields. The company reported average annual production of 38,934 barrels of oil equivalent per day at the end of the third quarter last year. Reporting by Nelson Bocanegra and Marianna Parraga; Editing by Hugh Lawson Our Standards: The Thomson Reuters Trust Principles., opens new tab C ...

CALGARY, Alberta, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT), announced today that it has submitted an acquisition proposal (the “Proposal”) to the Board of Directors (the “Frontera Board”) of Frontera Energy Corporation (TSX: FEC) to acquire all of Frontera’s Colombian upstream business in an all-cash offer for consideration of US$500 million, plus the assumption of debt, in addition to a contingent payment of US$25 million with terms that are substantially ...

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited ("GeoPark†or the "Company†) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, today issued the following statement regarding Parex Resources Inc.'s ("Parex†) announcement that it has nominated six director candidates to stand for election to the Company's Board of Directors at GeoPark's 2026 Annual General Meeting of Shareholders: On September 4, 2025 Parex submitted a $9.00 pe. ...

CALGARY, Alberta, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT), which has an approximate 11.8% ownership position in GeoPark Limited (“GeoPark”) (NYSE: GPRK), announced today that it has nominated six highly qualified director candidates for election to GeoPark’s Board of Directors (the “GeoPark Board”) at its upcoming 2026 Annual Meeting of Shareholders (the “Annual Meeting”). Each of the nominees is independent of both GeoPark and Parex under applicable secu ...

Core Viewpoint - Parex Resources Inc. has nominated six independent director candidates for election to GeoPark Limited's Board of Directors, aiming to maximize shareholder value ahead of the 2026 Annual Meeting of Shareholders [1][2]. Group 1: Nominations and Objectives - Parex, holding an approximate 11.8% stake in GeoPark, believes that nominating independent directors will ensure that all options for maximizing shareholder value are evaluated [1][2]. - The nominations are in accordance with GeoPark's advance notice bylaw and follow Parex's previous proposal to acquire GeoPark in late 2025 [2]. Group 2: Director Nominees - The nominated candidates include: - Jim Davidson, former co-founder and CEO of FirstEnergy Capital Corp [5][7]. - David French, former Partner at McKinsey & Company and former CEO of Obsidian Energy and Bankers Petroleum [6][7]. - Matthew Rees, former CEO of Vesta Energy [10][15]. - Michael Stewart, former Director at TC Energy and Bonterra Energy [11][15]. - Walter Vrataric, current VP at Woodcote Oil & Gas and former CEO of Chinook Energy [12][15]. - Ian Weatherdon, former CFO of Gulf Keystone Petroleum [13][15]. Group 3: Experience and Qualifications of Nominees - Jim Davidson has over 30 years of experience in the energy sector and has been recognized with multiple awards, including a Lifetime Achievement Award by the Oil & Gas Council [8]. - David French has over 30 years of experience in oil & gas and advisory sectors, holding an MBA from Harvard Business School [6][9]. - Matthew Rees has over 25 years of experience in the energy sector, with significant roles in Latin America [15]. - Michael Stewart has over 50 years of experience serving on boards of public companies [15]. - Walter Vrataric has more than 30 years of experience in the energy sector, currently serving as VP at Woodcote Oil & Gas [15]. - Ian Weatherdon has over 35 years of international oil & gas experience, including roles in CFO positions [15]. Group 4: Advisory and Legal Support - Parex has engaged Scotiabank as its financial advisor and several law firms for legal counsel, including Paul, Weiss, Rifkind, Wharton & Garrison LLP and Norton Rose Fulbright Canada LLP [4].

Core Viewpoint - Parex Resources Inc. has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid to repurchase up to 9,407,490 common shares, which represents 10% of the public float as of January 9, 2026 [1][2][3]. Group 1: Bid Details - The issuer bid will commence on January 22, 2026, and will terminate on January 21, 2027, unless completed or terminated earlier by the company [2]. - The daily maximum number of shares that can be purchased is 146,890, which is 25% of the average daily trading volume of 587,563 from July 1, 2025, to December 31, 2025 [3]. - Shares will be purchased at the prevailing market price on the TSX and will be cancelled upon acquisition [3]. Group 2: Rationale for the Bid - The company believes that its common shares are trading below their intrinsic value relative to current operations and growth prospects, and that repurchasing shares will benefit remaining shareholders by increasing their proportional interest [5]. - As of January 9, 2026, Parex had 95,974,136 common shares issued and outstanding, with a public float of 94,074,906 common shares [5]. Group 3: Previous Issuer Bid - Under a previous normal course issuer bid, Parex was approved to purchase 8,621,348 common shares from January 22, 2025, to January 21, 2026, and had purchased 2,310,000 shares at a weighted-average price of C$15.371 per share during that period [6].

Core Insights - Parex Resources Inc. has published its 2026 guidance, indicating a strategic focus on reducing sustaining capital while investing in projects with growth potential for shareholders [1][3] 2026 Guidance - The company anticipates a Brent crude oil average price of $60 per barrel and average production between 45,000 to 49,000 barrels of oil equivalent per day (boe/d) [5] - Funds flow provided by operations is projected to be between $385 million and $420 million, with a netback of $23 to $24 per boe [5] - Capital expenditures are estimated to be between $280 million and $320 million, with a midpoint free funds flow of $105 million [5] Capital Expenditure Breakdown - Of the planned $300 million in capital expenditures, approximately $190 million will support base development and near-field exploration, while $65 million is allocated for acquisition capital related to farm-in agreements [6][8] - The company aims for an average production of 47,000 boe/d in FY 2026, reflecting a 5% growth compared to FY 2025 [6] Planned Activities - Significant activities include drilling multiple wells in various blocks, optimizing existing production, and investing in waterflood and polymer programs [8] - The company plans to drill three independent prospects and execute a 10-well exploration program, with a total estimated cost of around $20 million [8] Leadership Transition - Wayne Foo will retire as Board Chair and Director effective May 12, 2026, with Glenn McNamara set to assume the role [1][12] - The transition is part of a succession plan, ensuring continuity in leadership and strategic direction [12][14] Short-Term Outlook - The company has five operated rigs and one non-operated rig currently in operation, reflecting strong performance from Q4 2025 into 2026 [9] - Elevated capital expenditures are expected in the first half of 2026, with more moderate spending anticipated for the latter half [10]

Core Viewpoint - Parex Resources Inc. has provided a production update for Q4 2025 and announced the abandonment of the Guapo-1 exploration well due to non-commercial hydrocarbon production [1][4]. Production Update - Average production for Q4 2025 was 48,606 barrels of oil equivalent per day (boe/d), representing an 11% increase from Q3 2025 [6]. - Production breakdown for the three months ended December 31, 2025: - Block LLA-34: 19,719 boe/d - Southern Llanos: 22,470 boe/d - Northern Llanos: 2,848 boe/d - Magdalena Basin: 2,065 boe/d - Natural Gas Production: 1,504 mcf/d [2]. Monthly Production Breakdown - Monthly average production figures: - October 2025: 49,300 boe/d - November 2025: 50,100 boe/d - December 2025: 46,500 boe/d [3]. Guapo-1 Exploration Well - The Guapo-1 exploration well was spudded in October 2025 and reached a target depth of approximately 15,000 feet. The well was abandoned after determining that hydrocarbon production was not commercial, with drilling costs around $12 million [4]. Company Overview - Parex Resources Inc. is one of the largest independent oil and gas companies in Colombia, focusing on sustainable and conventional production. The company is headquartered in Calgary, Canada, with an operating office in Bogotá, Colombia [5].