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GeoPark discover new gas field in Chile

LONDON (Bloomberg) - GeoPark Holdings Ltd., the Bermuda-based oil and natural-gas explorer with operations in South America, found a new gas field after testing its Cerro Sutlej 1 well in Chile.

The well is producing about 4.3 million cubic feet of gas and 100 barrels of oil condensate a day from a depth of about three kilometres (1.9 miles), the Hamilton-based company said yesterday in a statement distributed by the Regulatory News Service.