XML 67 R41.htm IDEA: XBRL DOCUMENT v3.22.1
Related parties
12 Months Ended
Dec. 31, 2021
Disclosure Of Related Parties [Abstract]  
Disclosure of related party [text block]

Note 34      Related parties

Controlling interest

The main shareholders of GeoPark Limited, a company registered in Bermuda, as of December 31, 2021, are:

    

Common

    

Percentage of outstanding

 

Shareholder

 shares

 common shares

 

James F. Park (a)

 

8,414,255

 

13.97

%

Compass Group LLC (b)

 

6,102,239

 

10.13

%

Gerald E. O’Shaughnessy (c)

 

6,043,163

 

10.03

%

Renaissance Technologies LLC (d)

 

3,538,931

 

5.87

%

Other shareholders

 

36,139,438

 

59.99

%

 

60,238,026

 

100.00

%

(a)Held by James F. Park directly and indirectly through GoodRock LLC, which is controlled by Mr. Park. The information set forth above and listed in the table is based solely on the disclosure set forth in Mr. Park’s most recent Schedule 13G filed with the SEC on February 14, 2022. 602,400 of Mr. Park’s shares have been pledged pursuant to lending arrangements.
(b)The information set forth above and listed in the table is based solely on the disclosure set forth in Compass Group LLC’s most recent Schedule 13G filed with the SEC on February 14, 2022.
(c)Held by Mr. O’Shaughnessy directly and indirectly through GP Investments LLP, GPK Holdings LLC, The Globe Resources Group, Inc., and other investment vehicles.
(d)The information set forth above and listed in the table is based solely on the disclosure set forth in Renaissance’s most recent Schedule 13G filed with the SEC on February 11, 2022.

Balances outstanding and transactions with related parties

Balances

Transaction 

 at year

Account (Amounts in US$ ´000)

    

in the year

    

 end

    

Related Party

    

Relationship

2021

To be recovered from co-venturers

4,680

Joint Operations

Joint Operations

To be paid to co-venturers

(953)

Joint Operations

Joint Operations

Geological and geophysical expenses

160

Carlos Gulisano

Non-Executive Director (a)

Administrative expenses

656

Pedro E. Aylwin

Executive Director (b)

2020

  

  

  

  

To be recovered from co-venturers

2,236

Joint Operations

Joint Operations

To be paid to co-venturers

(5,760)

Joint Operations

Joint Operations

Geological and geophysical expenses

130

Carlos Gulisano

Non-Executive Director (a)

Administrative expenses

561

Pedro E. Aylwin

Executive Director (b)

2019

  

  

  

  

To be recovered from co-venturers

1,035

Joint Operations

Joint Operations

To be paid to co-venturers

(4,803)

Joint Operations

Joint Operations

Geological and geophysical expenses

160

Carlos Gulisano

Non-Executive Director (a)

Administrative expenses

581

Pedro E. Aylwin

Executive Director (b)

(a)Corresponding to consultancy services.
(b)Corresponding to wages and salaries for US$ 392,000 (US$ 336,000 in 2020 and US$ 390,000 in 2019) and bonus for US$ 230,000 (US$ 225,000 in 2020 and US$ 191,000 in 2019). During 2021, Aylwin, Mendoza, Luksic & Valencia Law firm, where Pedro Aylwin is a partner and has a participation through Asesorías e Inversiones A&P Ltda, received US$ 34,000 for general legal services to all the Chilean entities, in Chilean corporate, labor, environmental, regulatory, and commercial laws.

There have been no other transactions with the Board of Directors, Executive officers, significant shareholders or other related parties during the year besides the intercompany transactions which have been eliminated in the Consolidated Financial Statements, the normal remuneration of Board of Directors and other benefits informed in Note 11.