Colombia’s richest man and his son first put $107 million into the Latin American oil and gas producer in March.
The investment is aimed at using GeoPark as a vehicle to enter Venezuela’s recovering oil sector.
The move reflects how the Middle East war and wider geopolitical tensions are pushing ultra-wealthy investors toward sectors with conflict-driven valuation swings.
Why are billionaires betting on Venezuela's recovery as Colombia's own oil industry collapses?
Is Venezuela's high-risk oil revival the only answer to the world's deepening energy supply crisis?
Can Venezuela's new laws truly shield billions in investment from its long history of state asset seizure?
Strategic $107M Injection by Jaime Gilinski Elevates GeoPark Ownership to 28%, Unlocking Board Influence
Overview
Between March and April 2026, Jaime Gilinski strategically increased his stake in GeoPark Limited from 20.2% to 28%, becoming the largest shareholder. This ownership level granted him significant governance rights, including the ability to nominate up to three directors and appoint his son, Gabriel Gilinski, to the board. Alongside this, Gilinski's $107 million investment strengthened GeoPark's balance sheet, enabling the company to pursue strategic acquisitions in Colombia, develop key assets in Argentina's Vaca Muerta shale, and position for future opportunities in Venezuela. The investment also included an 18-month lock-up and approval rights, ensuring a long-term, stable partnership focused on disciplined growth and regional energy leadership.