Parex Resources Offers to Buy GeoPark

Dow Jones

Oct 30, 2025

By Josh Beckerman

Parex Resources said it submitted a proposal to buy GeoPark for $9 a share.

On Wednesday, GeoPark shares closed at $6.60, down 3.2%. Shares have lost 29% since the start of the year.

Parex criticized GeoPark's board for "a lack of constructive engagement" but said it "remains ready and willing to engage with GeoPark."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

By Josh Beckerman

Parex Resources, a Calgary-based company that produces oil and gas in Colombia, submitted a proposal to buy GeoPark for $9 a share, or nearly $462 million, compared with a Wednesday closing price of $6.60.

GeoPark shares were up 16% to $7.68 after hours. As of the market close, shares had declined 29% since the start of the year.

Parex criticized GeoPark's board for "a lack of constructive engagement" but said it "remains ready and willing to engage with GeoPark."

Colombia-based GeoPark has oil and gas operations in Colombia, Argentina, Ecuador and Brazil.

Parex said it has acquired an 11.8% ownership stake in GeoPark, which allows it to call a GeoPark special shareholder meeting.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 29, 2025 17:11 ET (21:11 GMT)

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Shares have lost 29% since the start of the year. \n</p>\n<p>\n   Parex criticized GeoPark's board for \"a lack of constructive engagement\" but said it \"remains ready and willing to engage with GeoPark.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Parex Resources, a Calgary-based company that produces oil and gas in Colombia, submitted a proposal to buy GeoPark for $9 a share, or nearly $462 million, compared with a Wednesday closing price of $6.60. \n</p>\n<p>\n  GeoPark shares were up 16% to $7.68 after hours. 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Shares have lost 29% since the start of the year. \n</p>\n<p>\n   Parex criticized GeoPark's board for \"a lack of constructive engagement\" but said it \"remains ready and willing to engage with GeoPark.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Parex Resources, a Calgary-based company that produces oil and gas in Colombia, submitted a proposal to buy GeoPark for $9 a share, or nearly $462 million, compared with a Wednesday closing price of $6.60. \n</p>\n<p>\n  GeoPark shares were up 16% to $7.68 after hours. As of the market close, shares had declined 29% since the start of the year. \n</p>\n<p>\n  Parex criticized GeoPark's board for \"a lack of constructive engagement\" but said it \"remains ready and willing to engage with GeoPark.\" \n</p>\n<p>\n  Colombia-based GeoPark has oil and gas operations in Colombia, Argentina, Ecuador and Brazil. \n</p>\n<p>\n  Parex said it has acquired an 11.8% ownership stake in GeoPark, which allows it to call a GeoPark special shareholder meeting. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2025 17:11 ET (21:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GPRK","symbol_name":"GeoPark Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579139092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579139092","pubTimestamp":1761770820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Parex Resources said it submitted a proposal to buy GeoPark for $9 a share.On Wednesday, GeoPark shares closed at $6.60, down 3.2%. Shares have lost 29% since the start of the year.Parex criticized GeoPark's board for \"a lack of constructive engagement\" but said it \"remains ready and willing to engage with GeoPark.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GPRK":"GeoPark Ltd","BK4213":"石油与天然气的勘探与生产"},"translate_title":"Parex Resources提出收购地质公园","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GPRK":1.5},"content_text":"By Josh Beckerman \n\n\n \n\n\n   Parex Resources said it submitted a proposal to buy GeoPark for $9 a share. \n\n\n   On Wednesday, GeoPark shares closed at $6.60, down 3.2%. Shares have lost 29% since the start of the year. \n\n\n   Parex criticized GeoPark's board for \"a lack of constructive engagement\" but said it \"remains ready and willing to engage with GeoPark.\" \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n\n \n\n\n  By Josh Beckerman \n\n\n \n\n\n  Parex Resources, a Calgary-based company that produces oil and gas in Colombia, submitted a proposal to buy GeoPark for $9 a share, or nearly $462 million, compared with a Wednesday closing price of $6.60. \n\n\n  GeoPark shares were up 16% to $7.68 after hours. As of the market close, shares had declined 29% since the start of the year. \n\n\n  Parex criticized GeoPark's board for \"a lack of constructive engagement\" but said it \"remains ready and willing to engage with GeoPark.\" \n\n\n  Colombia-based GeoPark has oil and gas operations in Colombia, Argentina, Ecuador and Brazil. \n\n\n  Parex said it has acquired an 11.8% ownership stake in GeoPark, which allows it to call a GeoPark special shareholder meeting. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2025 17:11 ET (21:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}