Press Corporation Limited (PCL.mw) listed on the Malawi Stock Exchange under the Industrial holding sector has released it’s 2018 interim results for the half year.For more information about Press Corporation Limited (PCL.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the Press Corporation Limited (PCL.mw) company page on AfricanFinancials.Document: Press Corporation Limited (PCL.mw) 2018 interim results for the half year.Company ProfilePress Corporation Limited is the largest holding company in Malawi; with vested interests in real estate, energy, food and beverages, consumer goods, financial services and telecommunications. The highly diversified company has stakes in 13 companies in Malawi made up of 8 subsidiaries, 4 joint ventures and one associate. Well-known brands in its portfolio include: National Bank of Malawi in the financial services sector, Malawi Telecommunications Limited and Telekom Networks Limited in the telecommunication sector, Ethanol Company Limited and Presscane Limited in the energy sector, People’s Trading Centre Limited in the consumer goods sector, Press Properties Limited and Manzini Limited in the property investment and development sector, and The Foods Company in the food manufacturing sector. Press Corporation Limited is listed on the Malawi Stock Exchange
Image source: Getty Images Enter Your Email Address Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” In the current low-interest-rate environment, the hunt for higher yield is on. Even with the central bank rate being at 0.75%, your current account is probably paying you nowhere near that. A savings account may get you towards 0.5%, but if you move to a Cash ISA with easy access to your funds, you can get in the range of 1% to 1.3%. Still, if I am putting in £1,000 into my Cash ISA, that means I am only going to be getting back £10 to £13 a year. It is tax-free, but on that kind of return, it does not make much of a difference.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Therefore, an alternative a lot of investors like myself prefer is to invest the funds I would put in a Cash ISA into a stock that pays out a dividend. When you divide the dividend per share you receive by the share price you paid for the stock, you generate a number that can be used to compare against other potential investment options.Can I find attractive dividend yield options?One attractive dividend yield I want to focus on is BT (LSE: BT-A). It may be a household name, but the business has been struggling over the past few years, largely due to an increase in competition, along with regulators making it more difficult for the firm to operate.Before we dig into whether the share price itself is worthy of buying on a fundamental basis, let’s review the dividend yield. It currently sits at just under 10%, meaning you can get roughly a 10 times increase versus a Cash ISA. The £1,000 investment I mentioned above would provide you close to £100 a year from the dividends received, which sounds a lot more appealing!But one of the reasons the dividend yield for BT has risen is due to the share price falling. Using the equation we looked at earlier, if the share price is low and the dividend stays the same, it gives you a higher yield. For the moment, BT has kept a dividend of around 15p per share consistent, so this gives me some confidence in buying into the share now to lock-in this yield.You can make the argument that the dividend may be lowered or cut completely after chairman Jan Du Plessis commented last summer that a reduction may be needed. However, dividends have been paid since then with no change, so we wait and see.The earnings figures BT released in October showed revenue falling by 1%, but profit holding at £1.3m, the same as the year before. The trading update said that the business was on track to meet the full-year outlook, something which was backed up in the latest update given last month.For me, the performance is steady, if unspectacular. But really, when the share price is trading at multi-year lows and has a cheap P/E ratio below 10 (the FTSE 100 average is 17), performance does not need to be amazing. A stable financial position that offers a stable share price allows dividend investors to benefit from the income without suffering a large capital loss on the investment. This makes BT a buy for me. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Jonathan Smith and The Motley Fool UK have no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Forget a Cash ISA! I’d prefer to buy the BT share price with a 9.85% dividend yield Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Jonathan Smith | Monday, 24th February, 2020 | More on: BT-A I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Jonathan Smith
Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address 1 UK share I would buy and 1 I would avoid One FTSE “Snowball Stock” With Runaway Revenues Grab your free report – while it’s online. Looking for new share ideas?Grab this FREE report now.Inside, you discover one FTSE company with a runaway snowball of profits.From 2015-2019…Revenues increased 38.6%.Its net income went up 19.7 times!Since 2012, revenues from regular users have almost DOUBLEDThe opportunity here really is astounding.In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer?You could have the full details on this company right now. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Manika Premsingh | Monday, 14th June, 2021 | More on: SAGA STEM I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images See all posts by Manika Premsingh As stock markets inch up, there has been a broad-based increase in UK share prices. But not all stocks have equally good prospects. Here are two examples of stocks whose share prices have risen over the past few months. But I would buy one and avoid the other. SThree: robust performanceRecruiting company SThree (LSE: STEM) is trading near all-time highs today after it released a robust trading update. Net fees charged by it grew by 22% in the second quarter of 2021 compared to last year. Even compared to 2019, the science, technology, engineering, and mathematics (STEM) focused company has seen an 8% increase. This tells me that the company has put the pandemic’s impact behind it. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Supported by diversificationI reckon that its diversification has helped here. Almost half of the company’s business comes from technology, followed by life sciences and engineering. Banking and finance accounts for less than 10% of it. The past year has been poor for financials, as the sector is closely linked to economic performance. On the other hand, a look at FTSE 100 technology related companies from software providers to e-tailers shows that they have had a positive year. Some smaller life sciences companies have also benefited from research on Covid-19 drugs, tests, and vaccine development. SThree is also geographically diversified. Germany is its biggest source of revenues, followed by the US and Netherlands. The UK is only its fourth largest market. All its top three markets have grown in the first-half of 2021, with the US having shown the most notable increase of 24%. Although the company has held back from any forward looking statements this time, it does mention an upgrade in its profit expectations for the year made earlier this month.I think all looks well for SThree, but it is at a high. And some patience may be required before it shows big returns from here. That said, it looks like a good long-term stock for me to buy. Saga: lack of clarityBy contrast, cruise operator and insurance provider Saga (LSE: SAGA) appears less like a sure thing to me. Before the pandemic, cruises brought in more than half its revenues, followed by a big share from insurance. However, cruise revenues have dwindled as travel remains under lockdown. With strong cruise bookings, I would typically be less concerned about the current weakness in the segment. However, these bookings will materialise only if government restrictions are lifted. With a rise in Covid-19 infections, there is much media speculation on whether the final phase of the lockdown will indeed be lifted in time. Moreover, its insurance sales are also behind last year. My takeaway for the UK sharesSaga could be a good share to buy if I am convinced about the prospects for the travel industry. At this point, however, I am not. I would like to wait and see how the situation develops and make a decision accordingly. On the other hand, SThree looks like a good UK share for me to buy today, whether or not the markets rise.
Manufacturers: Schotten & Wood, Contratas Sasur, DekoventSave this picture!© Diego OpazoRecommended ProductsDoorsSaliceSliding Door System – Slider S20WindowsKalwall®Facades – Window ReplacementsWindowsSolarluxSliding Window – CeroEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornText description provided by the architects. The Cs House is placed on a plot in 2 levels, long but narrow, which is accessed by its north side.Save this picture!© Diego OpazoAs a condition of the project we had, on the north side, at a height of 3 meters above the ground level, the views of the “Sierra Calderona” mountain, while the East and West sides were occupied by other plots, leaving the south view free of obstacles. Save this picture!SectionThe idea is to “occupy” the plot with a series of volumes, colonizing the plot in its longitudinal axis, being placed in such a way that all the spaces have double ventilation. This double glazing makes possible the viewing of the whole plot from the access to its final limit, where the outdoor pool is located.Save this picture!© Diego OpazoThis are the spaces of the house:Basement: Garage, living room, bedroom with bathroom, indoor swimming pool and technical room.Save this picture!BasementGround floor: Guest room, bathroom, kitchen, laundry room and living room.Save this picture!Ground Floor planFirst floor: 2 bedrooms with bathroom and master bedroom with “in suite” bathroom and dressing room.Save this picture!First Floor PlanThe intention is to relate all spaces with each other, both externally and internally, including the basement level.Save this picture!© Diego OpazoThat’s the reason why the volumes are distributed around a “patio” that lets the garden to enter the house, seeming to be infinite thanks to its visual relationship.Save this picture!© Diego OpazoThe materials used in the building are glass, limestone, and corten steel, both of them visually related by the use of a similar cutting pattern.Save this picture!© Diego OpazoProject gallerySee allShow lessHerzog & de Meuron’s AstraZeneca R&D Headquarters Tops Out in CambridgeArchitecture NewsSmall Projects, Wide Reach: Hilary Sample on the Benefits of Maintaining a Purposefu…Architecture News Share Projects ArchDaily CopyAbout this officeAntonio Altarriba ComesOfficeFollowProductsGlassSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBorrianaSpainPublished on May 17, 2017Cite: “Cs House / Antonio Altarriba Comes” 17 May 2017. ArchDaily. Accessed 11 Jun 2021.
Year: Photographs Houses CopyAbout this officeMauricio Gallegos ArquitectosOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMeridaMexicoPublished on July 30, 2017Cite: “Mauito and Pato’s Residence / Mauricio Gallegos Arquitectos” [Casa de Mauito y Pato / Mauricio Gallegos Arquitectos] 30 Jul 2017. ArchDaily. Accessed 11 Jun 2021.
Flu activity remains high in Texas Linkedin Previous articleSizzle Reel special editionNext articleKaVontae Turpin wins third Big 12 Special Teams Player of the Week Grace Amiss RELATED ARTICLESMORE FROM AUTHOR Twitter World Oceans Day shines spotlight on marine plastic pollution Linkedin + posts Grace Amiss Grace Amisshttps://www.tcu360.com/author/grace-amiss/ ReddIt TCU cancels offer to trade tickets for canned food Grace Amiss is a senior journalism major and managing editor for TCU360. When she is not reporting she is most likely raving about her golden retriever or taking a spin class. Grace is currently writing about student life at TCU, so feel free to drop her a line if you come across a story you feel is worth sharing! Grace Amisshttps://www.tcu360.com/author/grace-amiss/ Facebook printMr. and Ms. TCU were named durning half time of the TCU vs. Kansas game on Saturday night. Michael Drake, Morris Herman, Logan Lucas, David Murtaugh and Brandon Victorian were all finalist for Mr. TCU and Brandon Victorian come out with the crown.On the other side Courtney Favaloro, Janie Fuller, MJ Jones, Maddie Madill and Kennedy Wilson were among the finalists for Ms. TCU and Maddie Madill ended up winning. Grace Amisshttps://www.tcu360.com/author/grace-amiss/ Grace Amisshttps://www.tcu360.com/author/grace-amiss/ ReddIt Facebook TCU places second in the National Student Advertising Competition, the highest in school history The winners of Mr. and Ms. TCU.Photo credit: TCU Alphas Language barriers remain in TCU’s alert system Revamped enrollment process confuses some students Twitter William Konig contributed to this story. Welcome TCU Class of 2025
Previous articleTCU expands campus testing sites for spring semesterNext articleStrong first half not enough for TCU against No. 2 Baylor Colin Post RELATED ARTICLESMORE FROM AUTHOR ReddIt Twitter Colin Posthttps://www.tcu360.com/author/colin-post/ ReddIt TCU baseball finds their biggest fan just by saying hello Colin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Linkedin Despite series loss, TCU proved they belong against No. 8 Texas Tech Colin Post Facebook printIn 2018, Trevon Moehrig arrived at TCU as a four-star recruit and the fourth-ranked cornerback in all of Texas. None of that mattered to head coach Gary Patterson, though, so the talented freshman had to wait his turn behind defensive backs who had already earned their playing time.Two years later, Moehrig has established himself as one of the greatest defensive backs in TCU history, and the icing on the cake came on Thursday night. The safety was awarded the prestigious Paycom Jim Thorpe Award as the nation’s top defensive back in 2020.“I want to thank all of my coaches and teammates. I did it all for them,” Moehrig told ESPN’s Holly Rowe. “It just means the world to me.”Best In The Nation!Congratulations to @TheReal_Tre7 on winning the @jimthorpeaward. #GoFrogs pic.twitter.com/3C2DgPrLhJ— TCU Football (@TCUFootball) January 8, 2021Moehrig is the first player in school history to ever win the award and the first from the Big 12 conference since 2006. He is also just the seventh Horned Frog to earn a national award, with the most recent being former quarterback Trevone Boykin, recipient of the 2014 Earl Campbell Tyler Rose Award.Following the 2020 season, Moehrig was named to the First Team All-Big 12 for the second-straight year. The junior tallied 47 tackles (30 of them solo) and 11 passes defended, which ranked second in the country behind fellow Horned Frog Tre’Vius Hodges-Tomlinson (13).Just last month, the touted defensive back produced one of the most memorable moments of TCU’s season, grabbing a one-handed interception in the back of the end zone against No. 15 Oklahoma State to seal a Horned Frog win. The pick was one of two on the season for Moehrig.As a freshman, Moehrig’s time on the field was primarily special teams, as upperclassmen Niko Small, Ridwan Issahaku and Innis Gaines filled out TCU’s already-established safety rotation.That didn’t mean the new kid on the block could not impress, though. Moehrig’s effort, determination and speed quickly made him a regular topic of praise from Patterson in his weekly press conferences. At the end of the year, the freshman was named TCU’s Special Teams Most Valuable Player.A new year meant new opportunities for Moehrig, as he moved into a starting safety role in 2019. He was nothing short of dominant, grabbing four interceptions and 11 total pass breakups en route to the third-most valuable season by a safety in the PFF College era.His junior year saw Moehrig named to seven All-America teams and reaching new heights as a player, teammate and leader, ultimately leading to his decision to declare for the NFL draft. pic.twitter.com/MGLlEUPCVE— Tre’von Moehrig (@TheReal_Tre7) January 2, 2021Moehrig is ranked as the No. 1 safety prospect in the 2021 NFL Draft by ESPN’s Mel Kiper. The draft is scheduled to begin on April 29. Another series win lands TCU Baseball in the top 5, earns Sikes conference award First TCU spring game since 2018 gets fans primed for a highly-anticipated fall Colin Posthttps://www.tcu360.com/author/colin-post/ Colin Posthttps://www.tcu360.com/author/colin-post/ + posts Taylor’s monster slam highlights big weekend for TCU Athletics FILE – In this Oct. 26, 2019, file photo, TCU safety Trevon Moehrig (7) celebrates his interception with teammates Ross Blacklock (90) and Ochaun Mathis (32) in the second half of an NCAA college football game, in Fort Worth, Texas. Moehrig was selected to The Associated Press All-Big 12 Conference team, Friday, Dec. 13, 2019. (AP Photo/Louis DeLuca, File) TCU rowing program strengthens after facing COVID-19 setbacks Colin Posthttps://www.tcu360.com/author/colin-post/ Linkedin Twitter Facebook Another series win lands TCU Baseball in the top 5, earns Sikes conference award
Economy Forecast Freddie Mac GDP Home Construction Home Prices Home Sales Labor Market mortgage origination Sam Khater 2019-03-05 Radhika Ojha March 5, 2019 2,699 Views The decline in mortgage rates, that fell at the start of 2019 after peaking last fall, is likely to provide some welcome relief to the housing market, according to Freddie Mac’s latest monthly forecast.The forecast projected a slight deceleration in the overall economic growth predicting the U.S. GDP growth at 2.5 percent in 2019 and 1.8 percent in 2020. Despite uncertainties in other areas of the economy, the forecast said that the labor market would hold strong. It expected unemployment to drop slightly to 3.6 percent by the end of 2019, “before returning to a more sustainable long-term rate of 3.9 percent in 2020.”The forecast also revised its projections for mortgage originations as well as the refinance share of originations in 2019. “We expect single-family mortgage originations to increase 2.6 percent to $1.69 trillion in 2019 and remain around that level in 2020,” said Sam Khater, Chief Economist, Freddie Mac. “With mortgage rates easing up since the end of 2018, we revised up our forecast of the refinance share of originations to 27 percent and 24 percent in 2019 and 2020, respectively.”The forecast predicted the 30-year fixed-rate mortgage rate to remain unchanged from 2018 averaging 4.6 percent in 2019 before increasing to 4.9 percent in 2020. The low mortgage rates and increase in originations are also expected to drive home sales, Freddie Mac said in its forecast. It projected sales to “slowly regain momentum” and increase to 6.10 million by the end of 2019 and 6.12 million in 2020. The growth will be mostly driven by existing home sales, while new home sales are expected to remain at their current levels, Freddie Mac said.However, total housing starts are expected to remain below the long-run demand, increasing to 1.29 million units in 2019 and 1.36 million units in 2020, the forecast predicted. Freddie Mac said that this was due to a lack of labor and other factors that will keep the recovery in housing construction constrained. Home price growth is also expected to decelerate with prices expected to increase 4.1 percent in 2019 before decelerating further to 2.8 percent growth in 2020, the forecast said. Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Home / Daily Dose / Freddie Mac: How Will the Housing Market Perform? in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Tagged with: Economy Forecast Freddie Mac GDP Home Construction Home Prices Home Sales Labor Market mortgage origination Sam Khater Freddie Mac: How Will the Housing Market Perform? The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Previous: A New Angle to Tackle Affordable Housing Next: The Ups and Downs of Home Prices Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Print This Post Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago
Management of the mackerel icefish (Champsocephalus gunnari) at South Georgia is complicated by the likelihood of substantial periodic variations in natural mortality rates. These may be associated with increased consumption of C. gunnari by Antarctic fur seals in years of poor krill availability. Thus natural ortality of C. gunnari may, in some years, increase by a large factor (assumed here to be 4), declining to normal levels again when krill return. This paper outlines a scheme which would use information from studies on krill and predators undertaken as part of the CCAMLR Ecosystem Monitoring Program (CEMP) to interpret or modify information from commercial fisheries and research surveys leading to estimates of stock biomass. An extension of this scheme would use predictions of coming periods of krill scarcity as early warnings of increased natural mortality of C. gunnari. Full implementation of such a scheme would require greater knowledge of quantitative aspects of food web dynamics within the South Georgia ecosystem than we possess at present. There is therefore a need for an interim approach to the setting of precautionary catch limits for this fishery. An approach based on the CCAMLR generalised yield model (GYM), with periodically varying natural mortality, provides a realistic description of perceived icefish dynamics. However, the model generates a significant probability that C. gunnari populations will be depleted even in the absence of fishing, which, given the existing CCAMLR decision rules, would preclude the fishery’s ever opening. Several possible modifications to the decision rules are discussed. It is concluded that while the GYM can be used to estimate a temporary, conservative long-term yield, a new approach and set of decision rules will ultimately be required for C. gunnari.
GeoPark will acquire the stake in Llanos 94 block exchange for funding Parex’s 50% pro-rata share of existing commitments Image: Geopark announces new strategic block acquisitions in Colombia. Photo: courtesy of GeoPark Limited. Oil and gas exploration company GeoPark has signed an agreement with Parex Resources to acquire a 50% working interest in the Llanos 94 block in Colombia.Under the terms of the farm-in agreement, GeoPark will acquire the stake in exchange for funding Parex’s 50% pro-rata share of existing commitments.The Llanos 94 block, which is operated by Parex, is located on trend with GeoPark’s Llanos 34 block. It is situated adjacent to the CPO-5 block, which is operated by ONGC Videsh with 70% stake and Amerisur with 30% interest.GeoPark and Hocol awarded the Llanos 123 and Llanos 124 blocksAdditionally, GeoPark has been awarded the Llanos 123 and Llanos 124 blocks in partnership with Ecopetrol’s subsidiary Hocol as part of the second round of permanent process for the assignment of areas (PPAA) in Colombia.The bidding round was launched by Colombia’s hydrocarbon regulatory authority, Agencia Nacional de Hidrocarburos (ANH). The final contracts are planned to be signed in December 2019 or early 2020.GeoPark said that the acquired blocks represent low-risk, high potential exploration acreage in the Llanos basin near its Llanos 34 block. The blocks are surrounded by multiple producing oil and gas fields and existing infrastructure.GeoPark will operate the two blocks with 50% stake while Hocol will own the remaining 50% interest. The Llanos 123 and Llanos 124 blocks are also located adjacent to GeoPark’s Llanos 34 block.With multiple oil prospects and leads already identified at the blocks, GeoPark and its partners are currently undertaking geoscience evaluation with field operations scheduled to commence in 2020.Additionally, Amerisur Resources, which is due to be acquired by GeoPark as part of a deal signed in November 2019, has also been awarded the PUT-36 block as part of the PPAA.The transaction is scheduled to be completed in January 2020, subject to the approval of Amerisur shareholders and customary regulatory approvals.GeoPark CEO James Park said: “Congratulations and thanks to our partners, Hocol (a 100% subsidiary of Ecopetrol) and Parex, and to our Colombian team for successfully acquiring these highly attractive, low-cost blocks – which further strengthen GeoPark’s leading acreage position in the Llanos basin – specifically surrounding our prolific Llanos 34 block.“Subject to the closing of the Amerisur acquisition, the new Putumayo block helps leapfrog GeoPark into one of the leading land holdings in the high potential underexplored and underdeveloped Putumayo basin.”