Geopark Seeks AIM Listing

Buenos Aires-based oil and gas exploration company Geopark is to seek a listing on London’s Alternative Investment Market (AIM). The company, which has assets in Argentina and Chile, hopes to raise around $50 million from the IPO. The funds will be used to expand its exploration and development program in those two countries. Geopark has 27 million barrels of oil equivalent in proven and probable reserves, of which almost two-thirds is in gas and one-third oil.