(Energy Analytics Institute, 22.Oct.2024) — GeoPark Limited’s wholly owned subsidiary GeoPark Argentina S.A. received approval from the Argentinian securities regulator (Comisión Nacional de Valores or “CNV” by its Spanish acronym) to issue up to $500mn in debt securities over the next five years.
Additionally, GeoPark Argentina has obtained an “AA+(arg)” credit rating from Fitch Ratings’ local Argentine affiliate, FIX.
Following the acquisition earlier this year of four unconventional blocks in Vaca Muerta (1), the key factors contributing to the strong rating assigned to GeoPark Argentina by FIX include its existing reserves, production and cash flow generation, alongside a robust production plan in the Mata Mora Norte Block, GeoPark announced 22 Oct. 2024 in an official statement.
Additional competitive advantages include low operational costs, conservative leverage, and strong backing from GeoPark.
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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.
