GeoPark will not increase bid for Frontera's Colombia assets

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Reported Facts

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•GeoPark announced on March 10, 2026, that it will not increase its bid for Frontera Energy's Colombian assets.
•Frontera Energy signed a definitive $525 million equity deal with Parex on March 11, 2026.
•Frontera agreed to sell its Colombian oil and gas assets to Parex for $750 million as of March 11, 2026.
•Frontera paid a $25 million break fee to GeoPark as part of the deal with Parex.
•The sale involves key oil and gas assets located in Colombia.

▸If the sale to Parex completes successfully Parex will gain control of Frontera's Colombian oil and gas assets, potentially increasing its production capacity and influence in the Colombian energy market.

StocksParex Resources Inc.Upward Pressure

Parex's acquisition of Frontera's assets could increase its production and reserves, potentially boosting its stock value.

This is not investment advice. Market exposure is based on conditional event analysis.

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