Parex nominates six directors to GeoPark board amid acquisition push

Parex Resources Inc. announced it has nominated six director candidates for election to GeoPark Limited's (NYSE: GPRK) board at the company's 2026 annual shareholder meeting. Parex holds an 11.8% ownership position in GeoPark.

The nominations follow Parex's proposal to acquire GeoPark in late 2025. The company stated the action aims to ensure all options to maximize shareholder value are independently evaluated.

The six nominees are Jim Davidson, former co-founder and CEO of FirstEnergy Capital Corp; David French, former partner at McKinsey & Company and former president and CEO of Obsidian Energy and Bankers Petroleum; Matthew Rees, former CEO of Vesta Energy; Michael Stewart, former director at TC Energy, Bonterra Energy, C&C Energia, and Pengrowth Energy; Walter Vrataric, current VP of Business Development & Land at Woodcote Oil & Gas and former CEO of Chinook Energy; and Ian Weatherdon, former CFO of Gulf Keystone Petroleum Limited.

Parex described the nominees as independent of both GeoPark and Parex under applicable securities laws and stock exchange rules. The company characterized them as current and former senior executives and directors with industry expertise.

The nominations were made in accordance with GeoPark's advance notice bylaw. Parex has retained Scotiabank as its financial advisor, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Norton Rose Fulbright Canada LLP, and Appleby (Bermuda) Limited LLP as legal counsel, and Innisfree as its proxy solicitor.

Parex operates as an independent oil and gas company in Colombia with headquarters in Calgary, Canada, and an operating office in Bogotá, Colombia.

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