Geopark Ltd · NYSE:GPRK
Geopark — Merger or Acquisition (September 2026)
15 slides from Geopark's merger presentation, Sep 8, 2026
Slide 1: Strategic Entry into Venezuela and World Class Asset
Ft. GEOPARK | eee, Strategic Entry into = Venezuela anda World Class Asset CONFERENCE CALL SEPTEMBER 8, 2026
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by GeoPark solely for informational purposes. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein and nothing shall be relied
Slide 3: Transformational Entry into Venezuela: Giant-Scale Brownfield Acquisition
M A N A G E ME N T P R E S E N T A T I O N Transformational Entry into Venezuela: UNIQUE PLATFORM ACROSS THREE WORLD-CLASS BASINS Giant-Scale Brownfield Acquisition LLANOS VACA ORINOCO MUERTA BELT BARE IS A UNIQUE OPPORTUNITY… 25-Years ~400 MM BBL Larger, More Cash-Generative GeoPark Production Part
Slide 4: Strategic Entry into One of the World's Largest Hydrocarbon Resource Basins
M A N A G E ME N T P R E S E N T A T I O N Strategic Entry into One of the World's Largest Hydrocarbon Resource Basins Caracas Orinoco Heavy- Oil Belt Bare Block BARE BLOCK KEY FIGURES 15.7 BN BBL + 700 MM BBL + 100 KBOPD ~4 - 5% ~ 1,100 ~11,000 BOPD 8° – 10° Original Oil in Cumulative Historical Pe
Slide 5: Bare: Phased Redevelopment to Balance Growth and Capital Discipline
M A N A G E ME N T P R E S E N T A T I O N Bare: Phased Redevelopment to Balance Growth and Capital Discipline PHASE 1 - RESTART PHASE 2 - BUILD PHASE 3 - MAINTAIN PHASE 4 - RECOVER 180 (2026–2030) (2031–2038) (2039–2045) (2045+) Production Reactivation New Drilling & Workovers Thermal Recovery Infr
Slide 6: A Larger, More Diversified and Cash-Generative GeoPark
M A N A G E ME N T P R E S E N T A T I O N A Larger, More Diversified and Cash-Generative GeoPark Colombia Argentina Venezuela PRO-FORMA NET PRODUCTION (KBOEPD) PRO-FORMA EBITDA(1) ($MM) COLOMBIA: Llanos 90.0 1,400 Cash-Flow Engine 80.0 Conventional, Low Break-Even Production 1,200 70.0 Core Operati
Slide 7: A Clear Path Towards Greater Scale and Operational Efficiency
M A N A G E ME N T P R E S E N T A T I O N A Clear Path Towards Greater Scale and Operational Efficiency Bare represents a unique opportunity to materially enhance GeoPark's scale and cash flow generation profile PROFORMA FIGURES 2P RESERVES (MMBOE) NET PRODUCTION (KBOEPD) ~2x 240 - 260 ~3x ~ 75 - 8
Slide 8: Scaling Into a New League of Junior E&P Players
M A N A G E ME N T P R E S E N T A T I O N Scaling Into a New League of Junior E&P Players PRODUCTION 2025A COMPANY COUNTRY EBITDA 2025A ($MM) 2025 1P RESERVES (MMBOE) (KBOEPD) 757 PLAYER A 1,596 115 588 459 PLAYER B 1,349 106 296 2025 A + Bare 2026E(1 ) 143 110 - 130 113 2025A ~1,200 75 - 85 69 203
Slide 9: Overview of the Transaction Structure
M A N A G E ME N T P R E S E N T A T I O N Overview of the Transaction Structure SIMPLIFIED TRANSACTION STRUCTURE 5% STAKE IN SIGNING VEHICLE ✓ GeoPark indirectly acquired 5% of the Signing Vehicle as a result of GeoPark’s participation in the technical evaluation and negotiation efforts with PDVSA
Slide 10: Immediate Value Accretion While Preserving Financial Strength
M A N A G E ME N T P R E S E N T A T I O N Immediate Value Accretion While Preserving Financial Strength ALL-STOCK TRANSACTION STRUCTURE ~$570 MM(1) $0 MM 42.1 MM Shares ADDITIONAL SHAREHOLDER LIQUIDITY OPTION Independently Validated Value Cash Consideration Issued at a Premium Acquired at ~5% disco
Slide 11: Accretive Valuation Metrics for GeoPark
M A N A G E ME N T P R E S E N T A T I O N Accretive Valuation Metrics for GeoPark IMPLIED EXCHANGE PRICE PER SHARE ABOVE L3Y HIGH ($ / SHARE) IMPLIED MULTIPLES (1) 13.0 Price Exchange Price Per Share Share Price at Exchange @$12.22/Sh. (2 ) GeoPark Trading @$9.8/Sh. Colombian Peers Avg.(3 )(4 ) 12.
Slide 12: Path to Closing
M A N A G E ME N T P R E S E N T A T I O N Path to Closing Specific Milestone CLOSING – CPP EFFECTIVENESS INTERIM PERIOD – MAX 120 CALENDAR DAYS TENDER OFFER – 90 DAYS SIGNING OF CPP $100 MM Tender Offer ▪ Business Plan Approval(1) 1. Operational Take-over $12.22 per share 2. Share Issuance: 42.1 MM
Slide 13: Relevant Risks & Mitigants
M A N A G E ME N T P R E S E N T A T I O N Relevant Risks & Mitigants RISKS MITIGATING FACTORS ✓ Development begins with reactivations, workovers and stabilization; larger facilities expansion Operational Execution and thermal recovery only after operational validation, helping stage execution risk
Slide 14: In Summary: The Value Proposition
M A N A G E ME N T P R E S E N T A T I O N In Summary: The Value Proposition Unique platform across three world-class basins, spanning conventional and unconventional resources across light, heavy and extra-heavy crude Transformational Scale and Long-term Sustainability ✓ Strategic early positioning
Slide 15: Slide 15