Geopark Ltd · NYSE:GPRK
Geopark — Merger or Acquisition (February 2026)
18 slides from Geopark's merger presentation, February 2026
Slide 1: Acquisition of Frontera's E&P Assets in Colombia
baal aa es f GEOPARK = 20 Acquisition of Frontera’s 6 E&P Assets in Colombia February 2026
Slide 2: Protecting What We Have, Returning to Growth
I N VE STO R P R ESE N TA TI O N [] Protecting [ ] Returning Returning What We Have to to Growth Growth 2
Slide 3: A Step-Change in Scale and Cash Flow to Enable Growth
I N VE STO R P R ESE N TA TI O N A Step-Change in Scale and Cash Flow to Enable Growth G eo Par k’ s ac qui si t i on of Fr on te ra` s Col om b ia E&P As set s st r eng th ens t he pl at f or m t oda y whi l e en abl i ng t he ne xt ph ase of gr ow t h GeoPark Combined Figures Large Scale Consolida
Slide 4: Creation of the Largest Private E&P Company in Colombia
I N VE STO R P R ESE N TA TI O N Creation of the Largest Private E&P Company in Colombia Transaction Overview Transaction Highlights Drives Consolidation in Enhanced Capacity to Colombia Fund Growth Frontera`s E&P Assets (Only Colombian) Acquiror Target Leading Regional Doubles Production and 100% o
Slide 5: Frontera's Upstream Portfolio Overview
I N VE STO R P R ESE N TA TI O N Frontera’s Upstream Portfolio Overview Lo w- de cl in e, st ab le pr odu ct i on wi t h gr owi ng ga s ex pos ur e, em b edde d ex pl or at io n up si de, an d he avy - oi l op era t in g ex per t is e, su ppo rt i ng ca sh - f lo w vi s ib il i t y an d l ong - t er
Slide 6: Frontera's Upstream Portfolio Overview
I N VE STO R P R ESE N TA TI O N Frontera’s Upstream Portfolio Overview Fu ll f ie l d de vel op m ent ap pro ach su ppo rt i ng a hi gh er an d m or e su st ai ned l eve l of ac ti v it y Frontera E&P Key Metrics 26E(1) GeoPark’s Operational Expertise and Track Record Consolidated Production 39-41
Slide 7: Stronger and More Relevant Platform
I N VE STO R P R ESE N TA TI O N Stronger and More Relevant Platform 2P RESERVES PRODUCTION MMBOE D&M CERTIFIED KBOEPD 2026F 2.2x 268 2.3x 70 121 30 GeoPark Combined Platform GeoPark Combined Platform EBITDA CASH FLOW BREAKEVEN(1) US$MM 2026F $/BOE (Avg. 2026 – 2030F) 2.0x 510 67 -8 251 59 GeoPark C
Slide 8: Promotion to a New Tier of E&P Players
I N VE STO R P R ESE N TA TI O N Promotion to a New Tier of E&P Players G eo Par k co nso li da te s i ts po si ti on as t he l ar ges t pr i vat e E&P op era t or i n Col om b ia an d on e of t he l ead in g i nde pend ent s i n La ti n Am er i ca 1P RESERVES 2P RESERVES PRODUCTION 3Q25 REVENUES 3Q
Slide 9: Strengthening Capacity to Fund Growth
I N VE STO R P R ESE N TA TI O N Strengthening Capacity to Fund Growth Fr on te ra’ s st ea dy pr odu ct i on su ppo rt s G eo Par k’ s de vel op m ent pl an s i n Ar gen ti na , al l ow i ng f or di sc i pl in ed ex ecu ti on of gr ow t h pr oj ec ts w hi l e en sur i ng op era t io nal an d f in a
Slide 10: Unlocking Additional Value Through Bankable Synergies
I N VE STO R P R ESE N TA TI O N Unlocking Additional Value Through Bankable Synergies Annual Run-Rate Category Description Savings(1) 2027 – 2034F US$MM • The transaction enables tangible G&A synergies across multiple cost categories, with savings ranging from 30% to 100% in areas G&A such as consu
Slide 11: Upside Potential and Opportunities for GeoPark's Portfolio
I N VE STO R P R ESE N TA TI O N Upside Potential and Opportunities for GeoPark’s Portfolio A m or e ba la nce d po rt f ol io , ad di ng ga s pr odu ct i on an d r ese rv es t hat pr ov id e G eo Par k wi t h a na tu ra l he dge ag ai nst cr ud e pr i ce vo la ti l i ty UPSIDES OPPORTUNITIES EXPLOR
Slide 12: Immediately Accretive on Every Valuation Metric
I N VE STO R P R ESE N TA TI O N Immediately Accretive on Every Valuation Metric At t ra ct i ve en tr y va lu at io n wi t h co nsi de ra bl e va lu e un lo cki ng po te nt ia l t hr oug h m ul t ip le r e- r at in g Key Metrics(1) EV/EBITDA EV / FLOWING BARREL x $/BOEPD 3.3x 3.0x 30.2 27.9 F E&P G
Slide 13: Fully Funded Transaction
I N VE STO R P R ESE N TA TI O N Fully Funded Transaction M ul t ip le so ur ces of f in anc in g wi t h ag ree m ent s al r eady i n pl ac e an d cl ea r pa th t o de le ver agi ng SECURED FUNDING US$MM Uses $375 – 400 MM Frontera's Colombian Upstream business $375 – 400 MM Diversified Funding Sour
Slide 14: Overview of the Transaction Structure
I N VE STO R P R ESE N TA TI O N Overview of the Transaction Structure Ac qui si t i on of Fr on te ra Ene rg y’ s Col om b ia n E&P As set s ( 1 ) Transaction Structure Key Conditions Precedent & Closing Certainty ▪ The arrangement agreement will require Frontera to complete a pre- closing reorgani
Slide 15: Path to Closing
I N VE STO R P R ESE N TA TI O N Path to Closing Th e t ra nsa ct i on wi l l be co m pl et ed t hr oug h a co ur t - ap pro ved Pl an of Ar ra nge m ent , pr ov id in g a cl ea r, t ra nsp ar ent an d wel l - es ta bl is hed pa th t o cl os i ng w i t h st r ong de al ce rt ai nt y COMMENCEMENT OF
Slide 16: Summary
I N VE STO R P R ESE N TA TI O N Summary Enhanced Scale, Reserve Base, Cash Flow Generation and Capacity to Fund Disciplined Growth ✓ Pro forma production and EBITDA is expected to exceed 90 KBOEPD and ~US$ 950 MM by 2028 1 ✓ Increased scale and diversification enable enhancement of cash flow genera
Slide 17: Disclaimer
I N VE STO R P R ESE N TA TI O N 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 h
Slide 18: GeoPark
ke GEOPARK CREATING VALUE AND GIVING BACK