GeoPark Co-Founder And Former Chairman Gerald O'Shaughnessy Issues Investor Presentation And Announces Highly Qualified Potential Director Candidates For The Board

Gerald O'Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited ("GeoPark" or the "Company") (NYSE: GPRK) today made public an investor presentation detailing the case for voting AGAINST GeoPark incumbent directors...
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Gerald O'Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited ("GeoPark" or the "Company") (GPRK) - Get GeoPark Ltd Report today made public an investor presentation detailing the case for voting AGAINST GeoPark incumbent directors Robert Bedingfield, Constantin Papadimitriou, Pedro Aylwin and James Park at the upcoming Annual Meeting of Shareholders. The presentation can be viewed at: https://www.businesswire.com/news/home/52454062/en.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210701005487/en/

Mr. O'Shaughnessy also announced three additional highly qualified candidates for consideration for the GeoPark Board - each of whom would bring significant relevant experience and valuable independent perspectives to the Company. These potential nominees include:

  • Rick Grafton - Mr. Grafton is an experienced oil and gas industry executive with prior relevant board experience.
    • Co-founder, current CEO and CIO of Grafton Asset Management
    • Former board member of oil and gas companies Gallic Energy Ltd. and Mena Hydrocarbons
    • Co-founder and former managing director of FirstEnergy Capital, a leading independent energy-focused investment bank in Canada
  • Greg Pratt - Mr. Pratt has deep technology, corporate governance and prior board experience.
    • Non-executive chairman and former CEO and president of Carpenter Technology Corp. (CRS) - Get Carpenter Technology Corporation Report
    • Lead director, chairman of the Corporate Governance Committee of Tredegar Corp. (TG) - Get Tredegar Corporation Report, and board member of Anterix, Inc. (ATEX) - Get Anterix Inc. Report
    • Former director and chairman on local chapter board of National Association of Corporate Directors (NACD) and former member of the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB)

These nominees have been identified by Mr. O'Shaughnessy and his team, are totally independent of Mr. O'Shaughnessy and, in the cases of Mr. Grafton and Mr. Pratt, were not personally known to Mr. O'Shaughnessy prior to this effort.

Mr. O'Shaughnessy stated:

"As our presentation highlights, it is time for shareholders to signal to the GeoPark Board that the status quo - characterized by a CEO-dominated strategy and lack of transparency - cannot continue. I urge all shareholders to vote against incumbent directors Bedingfield, Papadimitriou, Aylwin and Park to pave the way for necessary Board refreshment. Each of these individuals has been responsible for perpetuating the deep-seated corporate governance issues at GeoPark and failing to ensure the Company is on the right course.

The three individuals I would put forward as potential directors in addition to myself are all highly accomplished veterans with industry expertise, strategy, shareholder value creation and good corporate governance. Their interest in serving on the GeoPark Board is a testament to the significant opportunities for success they see at the Company. Against the backdrop of a rapidly changing industry, shareholders would benefit greatly from an improved Board that would consider all strategic alternatives and address the challenges facing GeoPark today and moving forward."

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A vote AGAINST four incumbent directors is a vote to send a message that change is needed on the Board at GeoPark that will benefit all of the Company's shareholders. You can vote AGAINST these directors either by voting on GeoPark's proxy card, or by voting on the BLUE proxy card included in these materials.

VOTE AGAINST FOUR GEOPARK DIRECTOR NOMINEES TO SIGNAL THAT YOU DEMAND CHANGE IN ORDER TO PROTECT YOUR INVESTMENT

View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005487/en/