Amerisur Resources PLC Monthly Production and OBA Throughput Update (7435H)
June 12 2017 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 7435H
Amerisur Resources PLC
12 June 2017
June 12 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production and OBA Throughput 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 May 2017 (the "Period").
Production
-- Total production was 148,544 barrels of oil ("BO") during the Period.
-- Average daily production was 4,792 barrels of oil per day ("bopd") during the Period.
-- Peak daily production was 5,163 bopd during the Period.
OBA Export
-- Total export volume was 132,258 BO during the Period.
-- Average daily throughput was 4,266 bopd during the Period.
-- Peak daily throughput was 5,017 bopd during the Period.
OBA throughput in May was affected by planned and unplanned
maintenance of the RODA system. These works have been largely
completed and the Company expects to return to daily volumes of the
order of 5,000 BOPD throughput in the coming weeks. Platanillo
field production was also affected by planned maintenance of
certain wells. These operations are complete except for the
workover of Platanillo-12, which has commenced.
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/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 5,100 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. A 40% working interest
in contract Put-9, acquired from Talisman Colombia is currently
awaiting approval 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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