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Management

Parex nominates six directors to GeoPark board

By The Northwire Desk — AI Analysis Feb 20, 2026 · 18:39 PXT · 21.64 Parex Resources Inc
PXT · Price

Executive Summary

  • Parex Resources Inc., holding an approximately 11.8% ownership stake in GeoPark Ltd., has nominated six independent director candidates for election to GeoPark’s board at the 2026 annual meeting of shareholders.
  • The nominations follow Parex’s previous attempt to acquire GeoPark in late 2025, with Parex stating the slate aims to ensure all options for maximizing shareholder value are independently evaluated.
  • The nominees include senior executives and directors with extensive experience in the energy sector, investment banking, and corporate governance.

Key Details

  • Nominee Slate: Parex has nominated six independent candidates:
    • Jim Davidson: Former co-founder and CEO of FirstEnergy Capital Corp.; current board member of Topaz Energy and the Fraser Institute.
    • David French: Former partner at McKinsey & Company; former CEO of Obsidian Energy and Bankers Petroleum.
    • Matthew Rees: Former CEO of Vesta Energy; former CEO of Orlen Upstream Canada.
    • Michael Stewart: Former director at TC Energy, Bonterra Energy, C&C Energia, and Pengrowth Energy; former executive at Westcoast Energy.
    • Walter Vrataric: Currently VP of Business Development and Land at Woodcote Oil & Gas; former CEO of Chinook Energy.
    • Ian Weatherdon: Former CFO of Gulf Keystone Petroleum; former CFO of Sino Gas & Energy Holdings.
  • Strategic Context: The nominations precede the 2026 annual meeting and follow a proposal by Parex to acquire GeoPark in late 2025. Parex cites GeoPark's advance notice bylaw as the procedural basis for the nominations.
  • Advisors: Parex has retained Scotiabank as financial adviser, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Norton Rose Fulbright Canada LLP, and Appleby (Bermuda) Limited LLP as legal counsel, and Innisfree as proxy solicitor.
  • Ownership Position: Parex holds approximately 11.8% of GeoPark Ltd.

Notable Quotes

  • "Parex has nominated these director candidates in advance of the annual meeting in accordance with GeoPark's advance notice bylaw. As one of GeoPark's largest shareholders, Parex believes this action will help to ensure that all options to maximize shareholder value are independently evaluated."
Read the original news release →

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