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GeoPark Rejects Undervalued Bid as Strategic Deals Cement Top Independent Position in Colombia
GeoPark (GPRK) rejected a $9 per share takeover bid from Parex Resources, which it deemed undervalued. Following strategic acquisitions in Argentina’s Vaca Muerta and Colombia’s Frontera Energy assets, GeoPark has fortified its portfolio, boosting its share price by 33% since the initial bid and positioning itself as Colombia’s largest independent oil producer. Parex is now nominating six director candidates for GeoPark’s 2026 annual meeting.