GeoPark Announces Venezuelan Bare Block Entry and Grupo Gilinski Control Deal

The primary Reuters wire explicitly reports that GeoPark is entering Venezuela through the Bare Block heavy-oil asset and that Grupo Gilinski is expected to become GeoPark’s controlling shareholder. The same wire states that the exchange terms represent $160 million and that Grupo Gilinski is expected to hold 56.3% of GeoPark after completion. This is a new, forward-looking corporate transaction that can materially change GPRK’s asset base, ownership structure and future cash-flow expectations, so it is approved. Indirect service, tanker, refining, insurance and other stakeholder impacts are not approved because no event-specific contract, role or realized production change is disclosed. The supporting context dates the announcement to September 2, 2026 but does not provide an exact occurrence time; therefore, the timestamp is a date-level UTC estimate rather than the wire’s publication timestamp.