Amerisur Resources PLC Spudding of Platanillo 24 (6722S)
December 23 2016 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 6722S
Amerisur Resources PLC
23 December 2016
23 December 2016
Amerisur Resources Plc
Spudding of Platanillo 24
Amerisur Resources Plc ("Amerisur" or the "Company"), the oil
and gas producer and explorer focused on South America, is pleased
to announce that it has commenced drilling operations on well
Platanillo 24 on Pad 3N in the Platanillo field in the Putumayo
basin of Colombia. Platanillo 24 is the second of a minimum of two
infill wells planned and will take approximately 30 days to drill
and test.
The infill well is being drilled using the Serinco D-10 rig and
it is planned to penetrate the N, U and T sands. The drilling and
testing of the infill well is expected to cost approximately
$4m.
John Wardle, CEO of Amerisur commented:
"Following the excellent results to date from our work over
programme, I am delighted that drilling has commenced on Platanillo
24. I look forward to updating shareholders on our progress in due
course."
Ends
Enquiries:
Billy Clegg/Georgia Tel: +44 (0)203
Edmonds 757 4980
Camarco
Callum Stewart/Ashton Tel: +44 (0)20
Clanfield/Nicholas Rhodes 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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