Geopark

completed

GeoPark Holdings Limited (GeoPark or the company), is a small South American exploration and production company with producing assets in both Argentina and Chile. The Cerro Dona Juana, Loma Cortaderal and Del Mosquito blocks in Argentina are located in the Neuquen and Austral basins (central and southern Argentina), frespectively, and are fully owned by the company.The Fell block in Chile is located in the Magallanes basin (also knownas the Austral basin) and is 90 percent owned by Geopark, with the remaining interest held by Empresa Nacional de Petroleo (“ENAP”), the Chilean state-owned oil and gas company. Current oil and gas production is about 371 barrel a day (“b/d”) and 165 thousand cubic feet per day (“mcf/d”), respectively, with the majority coming from Del Mosquito.IFC has been requested to provide early-stage financing to the company to strengthen Geopark’s capital base and to help finance a portion of the company’s currently projected capital expenditure program which aims to increase oil and gas production to about 5,000 b/day and 40 million cubic feet per day (“mmcf/d”), respectively, by December 2008. This capital expenditure program is expected to entail the drilling of about 100 primary wells, the completion of approximately 50 work-overs and the installation of production and separation facilities, and product flow lines throughout the company’s properties.The company’s fields are located in the provinces of Santa Cruz and Mendoza in Argentina and in the Magallanes region in Chile. GeoPark is managed from its main office in Buenos Aires, with field offices in Rio Gallegos (Argentina) and Punta Arenas (Chile).