Amerisur Resources PLC Monthly Production and OBA Throughput Update (6628P)
September 04 2017 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 6628P
Amerisur Resources PLC
04 September 2017
04 September 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production and OBA Throughput Update
Millionth barrel exported through OBA during the month
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 August 2017 (the "Period").
Production
-- Total production was 180,843 barrels of oil ("BO") during the Period.
-- Average daily production was 5,834 barrels of oil per day ("bopd") during the Period.
-- Peak daily production was 6,460 bopd during the Period.
OBA Export
-- Total export volume was 182,529 BO during the Period.
-- Average daily throughput was 5,888 bopd during the Period.
-- Peak daily throughput was 10,127 bopd during the Period.
-- 1 millionth barrel exported through OBA during the Period.
Negotiations with Petroamazonas EP in Ecuador to increase export
volumes via the OBA are progressing well, which, together with
systems optimisations, enabled the Company to achieve average daily
OBA throughput during the month of in excess of 5,000bopd, peaking
at over 10,000 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.
John Wardle, Chief Executive Officer commented: "I am pleased
with the increases through OBA we have achieved this month and look
to further significant increases in both production and OBA
throughput in the near future. Additionally, I am pleased to report
that on August 22 the Company transported the 1 millionth barrel of
Platanillo crude via the OBA system. Given the historic visit of
Pope Francisco to Colombia from 5 September onwards it is possible
that certain logistical constraints may occur. However, the Company
has taken a series of measures to minimise the impact of these
events."
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 6,300 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, 50.5% of
Tacacho and 100% of Terecay acquired from Pacific are 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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