GPRK all-stock acquisition in Venezuela targets higher output and EBITDA by 2030
GPRK plans an all-stock acquisition of the Bare Block in Venezuela, using existing infrastructure and phased investment to triple production and quadruple EBITDA by 2030.
The acquisition of the Bare Block in Venezuela is described as a transformational, long-term growth platform that will use existing infrastructure and phased investment to triple production and quadruple EBITDA by 2030. The all-stock transaction is said to preserve financial flexibility and offer shareholders a premium.