Amerisur Resources PLC Operations Update (2483W)
November 13 2017 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 2483W
Amerisur Resources PLC
13 November 2017
13 November 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Operations Update
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to provide an update on
operations in Colombia.
Platanillo Contract:
Platanillo-27, the 21(st) well of the Platanillo drilling
campaign, has been spudded with rig Serinco D10 on Pad 2N. Drilling
and logging are expected to take approximately 30 days to final
prognosed TD of 9,618 ft. Platanillo-27 is an appraisal well
designed to access the northern part of the accumulation discovered
at Pad 2N by well Platanillo-22.
CPO-5 Contract:
The Operator informed the Company that the inspection visit to
the Mariposa-1 location by Agencia Nacional de Hidrocarburos (ANH)
was completed on 10 November. The long term test of Mariposa-1 is
expected to begin shortly. A further announcement will be made in
due course.
ENDS
Enquiries:
Nick Harrison, CFO Tel: +44 (0)330
Amerisur Resources 333 8246
Billy Clegg/Georgia Edmonds Tel: +44 (0)203
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 Jackson Tel: +44 (0)207
RBC Capital Markets 653 4000
Competent person
Technical information in this announcement has been reviewed by
John Wardle Ph.D., the Company's Chief Executive. John Wardle has
31 years' experience in the industry, having worked for BP,
Britoil, Emerald Energy and Pebercan, and is a trained drilling
engineer.
Inside Information
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.
Important notice
Forward looking statements and dates referenced in this
announcement, in relation to Amerisur's production, development and
exploration assets, are estimates and subject to change. Oil and
gas operations are subject to varying inputs that may impact
timing, including, inter alia, permitting; environmental
regulation; changes to regulators and regulation; third party
manufacturers and service providers, social issues and the weather.
The Company's estimates of timing for forward looking operations
are based on the best information it has to hand at the time,
however these timings may change with little or no notice to the
Company. The Company will update the market as and when it becomes
aware of a material change to any of the operations or timings
referenced in this announcement.
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 6,200 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.
www.amerisurresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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