GeoPark (GPRK) said Monday it will divest certain assets and implement cost reduction initiatives.
The energy company said it will divest the non-operated Llanos 32 block in Colombia and Manati gas field in Brazil for about $20 million. GeoPark also said it is evaluating strategic options for its assets in Ecuador.
The company said it will implement cost reduction measures including workforce reductions that it expects will deliver $5 million to $7 million in annual savings.
Shares were 0.1% lower in recent premarket activity.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。