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GeoPark completes acquisition of remaining 95% stake in Venezuela CPP holding company

By Public Technologies
  • GeoPark completed acquisition of Grupo Gilinski's remaining 95% stake in Bare Block's contract holding company for 42,135,872 common shares.
  • The transaction required no cash acquisition payment, making Grupo Gilinski the controlling shareholder with approximately 56.3% ownership.
  • The now-effective 25-year Venezuela production contract gives the operator a 65% net participating interest, with responsibility for funding all capital expenditures.
  • Grupo Gilinski may receive 5,421,589 additional common shares, raising ownership to approximately 58.4%, if milestones are met by December 1, 2026.
  • Grupo Gilinski must launch a tender offer within 90 days of closing at US$ 12.22 per share, totaling up to US$ 100 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Geopark Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20261102845686) on November 02, 2026, and is solely responsible for the information contained therein.

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