Jaime Gilinski and affiliated entities filed Amendment No. 6 to their Schedule 13D on November 3, 2026, disclosing that his group's beneficial ownership of GeoPark Limited common shares rose to 56.3% following the closing of a share-acquisition transaction on November 2, 2026.

Key Highlights

  • New reporting person added: Panamerican Energy Holdings S.A. (PEH), a Panama corporation affiliated with Grupo Gilinski, is added as a reporting person for the first time in this amendment.
  • PEH share acquisition: On November 2, 2026, PEH acquired 42,135,872 GeoPark common shares from the issuer as consideration for transferring 95% of the total issued share capital of EAI to GeoPark USA, LLC - no cash consideration was paid.
  • Gilinski aggregate stake: Jaime Gilinski now beneficially owns 60,251,663 common shares, representing 56.3% of the class, based on 107,032,249 shares outstanding after the closing of the Miranda Transaction.
  • Colden Investments position: Colden Investments S.A. holds 17,915,791 common shares, representing 16.7% of the class.
  • PEH position: PEH holds 42,135,872 common shares, representing 39.4% of the class.
  • No cash outlay: According to the filing, no cash consideration was paid by PEH or the Reporting Persons to acquire the common shares received in the transaction.

GeoPark Ownership Restructured as Gilinski Group Absorbs Miranda Transaction Shares

The Schedule 13D Amendment No. 6 was filed by three reporting persons: Colden Investments S.A., Panamerican Energy Holdings S.A., and Jaime Gilinski, an individual citizen of Panama. The filing amends and supplements a Schedule 13D originally filed on March 12, 2026, with five prior amendments. This sixth amendment introduces PEH as a reporting person for the first time, reflecting its direct acquisition of a large block of GeoPark common shares.

According to the filing, on November 2, 2026, PEH acquired 42,135,872 common shares of GeoPark Limited directly from the issuer under a share purchase agreement (referred to as the "SPA"). The shares were received as consideration for PEH's transfer to GeoPark USA, LLC of 95% of the total issued share capital of a company referred to as EAI. The filing states that no cash consideration was paid by PEH or the other Reporting Persons in connection with this acquisition. The transaction is described in the filing as the "Miranda Transaction."

Following the closing of the Miranda Transaction, the total number of GeoPark common shares outstanding is reported as 107,032,249. Jaime Gilinski, as sole shareholder and ultimate beneficial owner of both Colden and PEH, as well as of Spaldy Investments Limited (which holds 200,000 common shares), is attributed aggregate beneficial ownership of 60,251,663 shares, or 56.3% of the class. All beneficial ownership for each entity is reported as shared voting power and shared dispositive power, with zero sole voting or dispositive power. The principal business address for the Reporting Persons is listed as MMG Tower, Piso 26, Ave. Paseo del Mar, Costa del Este Panama, Panama City, Panama.

What Was Disclosed

This Schedule 13D amendment discloses that Jaime Gilinski's affiliated entities acquired 42,135,872 GeoPark common shares through a non-cash asset exchange, bringing his aggregate beneficial ownership to 56.3% of GeoPark's outstanding common shares as of November 2, 2026.