GPRK all-stock deal secures Bare Block in Venezuela
GPRK said it will acquire Venezuela’s Bare Block via an all-stock deal, securing a 25-year operating contract and expanding production, reserves and EBITDA by 2030. The transaction is structured for regulatory compliance and financial flexibility.
The acquisition of the Bare Block in Venezuela through an all-stock deal secures a 25-year operating contract and is expected to significantly expand production, reserves and EBITDA by 2030. The transaction is structured for regulatory compliance, financial flexibility and risk mitigation, while also offering shareholders potential upside from the asset expansion.