Page 14 - LatAmOil Week 37 2022

LatAmOil NEWS IN BRIEF LatAmOil

INVESTMENT
GeoPark announces

intent to fully redeem

senior notes due 2024

GeoPark, a leading independent Latin American
oil and gas explorer, operator and consolidator,
today announced its intent to fully redeem the
aggregate principal amount of its 6.500% senior
notes due 2024, which will equal $67.124mn as
of the anticipated redemption date.
A notice of redemption will be sent to the
holders of the Notes in accordance with the
requirements of the indenture governing the
Notes. Pursuant to the terms of the Indenture,
the Notes will be redeemed at a redemption Field, where some minor surface tie-in lines have objective of siting and drilling a first horizontal
price equal to 101.625% of the principal amount been cleaned by removing internal paraffins and well within the VEA.
of the Notes redeemed, plus accrued and unpaid asphaltenes. In the Llanos area, Vikingo produc- On the CPO-11 Block, outside of the VEA,
interest and additional amounts (if any) to, but tion flows remained stable following its natural Hupecol Meta has targeted drilling, by year-end,
excluding, the redemption date. depletion rate. The exploration campaign in the Caonabo well with the participation of Parex
The anticipated redemption date is Septem- Altair and LLA-47 blocks remains on hold and Resources.
ber 21, 2022. pending approval from local authorities. Con- Houston American owns an 11% interest in
GeoPark, September 7 2022 versations with the ANH concerning the formal each of the wells in the Venus Exploration Area
approval process are ongoing. and will own a 5.5% interest in each of the wells
Interoil Exploration and Production ASA is on the balance of the CPO-11 Block.
PERFORMANCE a Norwegian based exploration and production John Terwilliger, CEO of Houston Ameri-
company, listed on the Oslo Stock Exchange with can, stated: “We are pleased to have commenced
Interoil issues production a focus on Latin America. The Company is oper- operations on the CPO-11 Block and the pro-
ator and license holder of several production and gress to date and look forward to further devel-
report for August 2022 exploration assets in Colombia and Argentina opment of the Venus Exploration Area and
larger block.”
with headquarters in Oslo.
Colombia, operated: August 2022 (966 boepd, Interoil, September 12 2022 About Houston American Energy Corp.:
615 bpd of oil); July 2022 (951 boepd, 610 bpd Based in Houston, Texas, Houston American
of oil). Houston American Energy Energy Corp. is a publicly-traded independent
Argentina, operated by Salva Maria Oil on energy company with interests in oil and natural
behalf of IOX until local authorities approve provides update on gas wells, minerals and prospects. The Compa-
operator’s licence: August 2022 (2,161 boepd, ny’s business strategy includes a property mix
368 bpd of oil); July 2022 (2,224 boepd, 423 bpd operations in Colombia of producing and non-producing assets with
of oil). a focus on the Delaware Basin in Texas and
Comments: In August 2022, the average daily Houston American Energy Corp. today pro- Colombia.
operated production from fields in Argentina vided an update with respect to 2022 opera- Houston American Energy Corp., August 30 2022
and Colombia combined decreased by 48 boepd tions and near-term plans on the CPO-11 Block
representing a decline of less than 2% compared in Colombia. Houston American’s interest in Enauta says Atlanta field
with July. This is explained by some operational the CPO-11 Block, and wells thereon, is held
changes in Argentina, especially in the Santa through our ownership interest in Hupecol Meta has resumed production
Cruz operation. LLC.
In Argentina, a slight decrease in production Year-to-date, two wells have been drilled on Enauta Participações informs its shareholders
rate was recorded in the Santa Cruz fields, where the CPO-11 Block, both located in the Venus and the market in general that, following the
the Oceano Field accounted for most of it. This is Exploration Area (VEA). The Bugalo #1 well was material fact released on August 26, 2022, the
due to an ongoing gas compressor enhancement drilled and is awaiting testing. The Saturno #1 Atlanta Field resumed its production through
project which involves replacing its gas fuelled well was drilled, plugged back and side-tracked well 7-ATL-2HP-RJS. The second well should
engine with an electrical one, and which means resulting in the Saturno #1ST well. The Saturno start operating next and, by the end of Septem-
that Interoil will benefit from connecting to a #1ST well is expected to begin production in the ber, the resumption of production from the third
new power generation unit already working in very near future. A formerly shut-in well in the well in the Field is expected. During this month,
the Oceano Field. This field work is expected to VEA, the Venus 2A, is planned to be returned to the commissioning of the new water treatment
last to the last week of September. production shortly. unit with increased capacity will be carried out
In Colombia, Puli C production increased Hupecol is planning to acquire a 3D seismic and the stabilisation of production in Atlanta
from the previous month, especially in the Mana grid covering a portion of the VEA with the will take place.

P14 www. NEWSBASE .com Week 37 14•September•2022