SCHEDULE: Gilinski Boosts GeoPark Stake to 25.8%

Jaime Gilinski, through Colden Investments S.A. and Spaldy Investments Limited, increased his beneficial ownership in GeoPark Limited to 25.8% through recent open market purchases.

Summary

• Reporting persons Colden Investments S.A. and Jaime Gilinski filed an Amendment No. 2 to their Schedule 13D for GeoPark Limited.
• Jaime Gilinski's beneficial ownership in GeoPark Limited increased to 16,663,243 common shares, representing 25.8% of the outstanding shares.
• Colden Investments S.A. now beneficially owns 16,463,243 common shares, representing 25.5% of the outstanding shares.
• Colden Investments S.A. made several open market purchases:
• On March 17, 2026, 23,418 shares were acquired at a weighted average price of $9.49 per share, totaling $222,288.34.
• On March 18, 2026, 563,213 shares were acquired at a weighted average price of $9.91 per share, totaling $5,581,778.43.
• On March 19, 2026, 488,309 shares were acquired at a weighted average price of $10.19 per share, totaling $4,975,762.98.
• The source of funds for these acquisitions was the personal funds of Jaime Gilinski.
• The percentage of common shares outstanding is calculated based on 64,625,278 shares issued and outstanding as of March 5, 2026.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive signal, as a major investor is significantly increasing their stake using personal funds, indicating high conviction in the company's value and future.

Positives

• A significant shareholder, Jaime Gilinski, increased his stake in GeoPark Limited, signaling confidence in the company's future.
• The continued accumulation of shares by a major investor could be perceived positively by the market.

Future Outlook

The filing does not contain any explicit forward-looking statements or guidance from GeoPark Limited or the reporting persons regarding the company's future performance or strategic direction, beyond the reporting of increased ownership.

Industry Context

StockSavvy.ai notes that increased insider or significant shareholder ownership, especially by an individual like Jaime Gilinski known for strategic investments, can often be interpreted as a positive signal in the oil and gas sector, suggesting confidence in the company's assets or future prospects amidst fluctuating commodity prices. This move could potentially precede further activist engagement or a strategic push within GeoPark Limited, a company primarily focused on Latin American oil and gas exploration and production.

Comparison to Industry Standards

• The increase in beneficial ownership by a single investor to over 25% is a significant stake, often exceeding typical institutional investor positions in similar-sized independent oil and gas producers operating in Latin America, such as Gran Tierra Energy Inc. or Frontera Energy Corporation.
• Such a concentrated ownership by an individual investor like Jaime Gilinski, who has a history of taking substantial stakes in companies, is a notable deviation from the more diversified institutional ownership structures often seen in the broader energy market.

Stakeholder Impact

• Shareholders: Could view the increased insider ownership as a positive sign of confidence, potentially leading to increased share price stability or appreciation.
• Management: May face increased scrutiny or influence from a significant shareholder with a substantial stake.

Next Steps

• Continued monitoring of GeoPark Limited's performance and any potential future actions or communications from Jaime Gilinski or Colden Investments S.A.
• Observation of any changes in corporate governance or strategic direction that might follow this increased ownership.

Key Dates

Recommendation

The substantial increase in beneficial ownership by a prominent investor like Jaime Gilinski, funded by personal capital and executed through open market purchases at rising prices, signals strong conviction in GeoPark Limited's intrinsic value and future growth potential. This aggressive accumulation of shares by a sophisticated investor often precedes positive developments or reflects a belief that the market is undervaluing the company, making it a compelling 'strong buy' signal for seasoned investors.

Keywords

GeoPark Limited, G38327105, Schedule 13D, Jaime Gilinski, Colden Investments S.A., Share Acquisition, Beneficial Ownership, Oil and Gas, Colombia, Bermuda