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Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity |
Schedule of Share Capital | ​
​ | ​ | ​ | ​ | ​
Issued share capital | ​ | 2022 | ​ | 2021
Common stock (amounts in US$ ‘000) | ​ | 58 | ​ | 60
The share capital is distributed as follows: | ​ |  | ​ |
Common shares, of nominal US$ 0.001 | ​ | 57,621,998 | ​ | 60,238,026
Total common shares in issue | ​ | 57,621,998 | ​ | 60,238,026
​ | ​ |  | ​ |
Authorized share capital | ​ |  | ​ |
US$ per share | ​ | 0.001 | ​ | 0.001
​ | ​ |  | ​ |
Number of common shares (US$ 0.001 each) | ​ | 5,171,949,000 | ​ | 5,171,949,000
Amount in US$ | ​ | 5,171,949 | ​ | 5,171,949
​
Schedule of Outstanding Common Shares | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Shares | ​ | Shares | ​ | ​
​ | ​ | ​ | ​ | issued | ​ | closing | ​ | US$(`000)
GeoPark common shares history | ​ | Month | ​ | (millions) | ​ | (millions) | ​ | Closing
Shares outstanding at the end of 2020 | ​ | ​ | ​ |  | ​ | 61.0 | ​ | 61
Stock awards | ​ | May 2021 | ​ | 0.2 | ​ | 61.2 | ​ | 61
Buyback program | ​ | Jun 2021 | ​ | (0.1) | ​ | 61.1 | ​ | 61
Buyback program | ​ | Sep 2021 | ​ | (0.4) | ​ | 60.7 | ​ | 61
Buyback program | ​ | Dec 2021 | ​ | (0.5) | ​ | 60.2 | ​ | 60
Shares outstanding at the end of 2021 | ​ | ​ | ​ |  | ​ | 60.2 | ​ | 60
Buyback program | ​ | Mar 2022 | ​ | (0.2) | ​ | 60.0 | ​ | 60
Buyback program | ​ | Jun 2022 | ​ | (0.5) | ​ | 59.5 | ​ | 60
Stock awards | ​ | Jul 2022 | ​ | 0.1 | ​ | 59.6 | ​ | 60
Buyback program | ​ | Sep 2022 | ​ | (1.1) | ​ | 58.5 | ​ | 59
Buyback program | ​ | Dec 2022 | ​ | (0.9) | ​ | 57.6 | ​ | 58
Shares outstanding at the end of 2022 | ​ |  | ​ |  | ​ | 57.6 | ​ | 58
​
Schedule of Cash distributions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Total amount
Date of declaration | ​ | Date of distribution | ​ | US$ per share | ​ | in US$ ‘000
March 4, 2020 (a) | ​ | April 8, 2020 | ​ | 0.0413 | ​ | 2,343
November 4, 2020 (a) | ​ | December 9, 2020 | ​ | 0.0206 | ​ | 1,258
November 4, 2020 (a) | ​ | December 9, 2020 | ​ | 0.0206 | ​ | 1,258
Cash distributions for the year ended December 31, 2020 | ​ | 4,859
March 10, 2021 | ​ | April 13, 2021 | ​ | 0.0205 | ​ | 1,133
May 5, 2021 | ​ | May 28, 2021 | ​ | 0.0205 | ​ | 1,220
August 4, 2021 | ​ | August 31, 2021 | ​ | 0.0410 | ​ | 2,442
November 10, 2021 | ​ | December 7, 2021 | ​ | 0.0410 | ​ | 2,429
Cash distributions for the year ended December 31, 2021 | ​ | 7,224
March 9, 2022 | ​ | March 31, 2022 | ​ | 0.0820 | ​ | 4,847
May 11, 2022 | ​ | June 10, 2022 | ​ | 0.0820 | ​ | 4,809
August 10, 2022 | ​ | September 8, 2022 | ​ | 0.1270 | ​ | 7,345
November 9, 2022 | ​ | December 7, 2022 | ​ | 0.1270 | ​ | 7,281
Cash distributions for the year ended December 31, 2022 | ​ | 24,282
(a) | The quarterly cash distributions were temporary suspended in April 2020 as part of the revised work program for 2020 due to the COVID-19 pandemic and the oil price crisis. On November 4, 2020, the Company’s board of directors declared an extraordinary cash distribution and also resumed the quarterly cash distributions.

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