Amerisur Resources PLC Monthly Production, OBA and Operational Update (5913V)
November 06 2017 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 5913V
Amerisur Resources PLC
06 November 2017
6 November 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production, OBA Throughput and Operational Update
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to provide unaudited
production from the Platanillo Field and OBA throughput data for
the month of October 2017 (the "Period").
Production
-- Total production was 191,342 barrels of oil ("BO") during the Period.
-- Average production per calendar day was 6,172 barrels of oil
per day ("bopd") during the Period.
-- Average production per operational day was 6,172 bopd during the Period.
-- Peak daily production was 7,398 bopd during the Period.
-- Current production is approximately 6,023 bopd.
OBA Export
-- Total export volume was 189,172 BO during the Period.
-- Average throughput per calendar day was 6,102 BO during the Period.
-- Average throughput per operational day was 6,102 BO.
-- Peak daily throughput was 8,001 BO during the Period.
The 3(rd) export pump at the Platanillo export facility has now
been fully installed and is undergoing testing. It is expected to
be available for service in November. Well service works continue
with the objective of supporting the Company's exit rate target of
7,000+ bopd.
This data will vary month on month as development, appraisal and
exploration operations continue, and also due to the factors
involved in operating in the Putumayo region of Colombia. These
factors include inclement weather, social issues with drilling and
oil transportation and planned and unplanned shut downs for
technical works undertaken among others. This data has not yet been
approved by the Colombian Agencia Nacional de Hidrocarburos (ANH)
or national customs and tax authorities DIAN and may be subject to
revision.
ENDS
Enquiries:
Nick Harrison, CFO Tel: +44 (0)330
Amerisur Resources 333 8246
Billy Clegg/Georgia Tel: +44 (0)203
Edmonds 757 4980
Camarco
Callum Stewart/Nicholas Tel: +44 (0)20
Rhodes/Ashton Clanfield 7710 7600
Stifel Nicolaus Europe
Limited
Chris Sim/George Price Tel: +44 (0)207
597 4000
Investec
Darrell Uden/Marcus Tel: +44 (0)207
Jackson 653 4000
RBC Capital Markets
Notes to editors
Amerisur Resources is an independent full-cycle oil and gas
company focused on South America, with assets in Colombia and
Paraguay and production from the Platanillo field in southern
Colombia. In 2016 Amerisur successfully built and is 100% owner of
the strategic OBA oil transfer line into Ecuador.
In Colombia, the Company is operator and has a 100% working
interest in the Platanillo block which includes the Platanillo
field, which is currently producing circa 6,000 BOPD. The Company
has a strong position in the Putumayo basin and has a cluster of
near term activity assets around the OBA export line including the
Platanillo block, Put-8, Put-12 and Coati. Additionally, the
Company holds a 100% working interest in contract Put-9, 100% of
Tacacho and 100% of Terecay acquired from Talisman and Pacific.
These acquisitions have now been approved by ANH. It has a diverse
portfolio of longer term exploration assets.
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
www.amerisurresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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