Amerisur Resources PLC Platanillo 24 Update (8998U)
January 24 2017 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 8998U
Amerisur Resources PLC
24 January 2017
24 January 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Platanillo 24 Update
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to announce an update on
operations in the Platanillo field in Colombia.
Platanillo 24 has been tested and placed on commercial
production at a rate of approximately 420 barrels of oil per day
("BOPD") in natural flow. An interval of 7ft was perforated in the
Lower U sand only. Water cut is currently 0.1% with 80psi wellhead
pressure through a 28/64" choke.
OBA volumes continue to increase, with current average daily
throughput of 3,100 BOPD.
Subject to resolution of local social protests, the Company
plans to mobilise the Serinco Rig D-10 to Pad 2N in order to drill
the first appraisal well from that Pad, Platanillo 22.
John Wardle, Chief Executive Officer of Amerisur, commented:
"We are pleased with the result of Platanillo 24 and to have
placed it onto commercial production and look forward to spudding
Platanillo 22.
ENDS
Enquiries:
Billy Clegg/Georgia Tel: +44 (0)203
Edmonds 757 4980
Camarco
Callum Stewart/Ashton Tel: +44 (0)20
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 4,200 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. 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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