Strategic investment
GeoPark announced a strategic investment by Colombia’s Grupo Gilinski through a private equity transaction worth about $107 million. Through the deal, Colden Investments acquired 12,876,053 new shares at $8.31 each. With the transaction, the investor group will control about 20% of the company’s capital, becoming its largest shareholder.
The Colombia-based oil and gas producer said the investment reflects support for its strategy to become a leading independent oil and gas platform in Latin America, based on both organic and inorganic growth. Within that framework, the company sees opportunities in consolidating Colombia’s energy sector, expanding in Argentina — particularly in Vaca Muerta — and pursuing potential future developments in other regional markets.
Bet on Vaca Muerta growth
Felipe Bayón, CEO of GeoPark, said the new shareholder’s entry represents an endorsement of the company’s regional strategy.
“We are pleased to welcome Colden as a strategic, long-term partner of GeoPark. Its investment at market price reflects strong confidence in our assets, our team and our disciplined growth approach,” Bayón said.
He added that Grupo Gilinski “sees GeoPark as a well-positioned regional platform with an established operational footprint in Colombia and a growing presence in Argentina,” and said the partnership “enhances our strategic flexibility and reinforces our ability to execute decisively while preserving financial discipline.”
The capital raised will allow GeoPark to finance organic developments in Colombia and Argentina, evaluate mergers and acquisitions, and strengthen its balance sheet. According to the company, this increased financial flexibility aims to accelerate its growth roadmap and expand the scale of its operations, including advancing its development strategy in Vaca Muerta.
Return to Argentina with a focus on shale
GeoPark’s entry into Vaca Muerta marked its operational return to Argentina after years focused mainly on Colombia. In 2025, the company acquired two unconventional blocks that previously belonged to Pluspetrol, allowing it to become a direct operator in the Neuquén Basin and add assets in one of the world’s most dynamic shale developments.
The company currently operates the Loma Jarillosa Este and Puesto Silva Oeste areas, both located in the oil window of the Vaca Muerta formation. The blocks currently have initial production of about 2,000 barrels of oil equivalent per day and are part of a development plan aimed at scaling output to around 20,000 barrels per day by 2028 through additional drilling and new surface facilities.