Amerisur Resources PLC Monthly Production, OBA and Operational Update (9114A)
January 04 2018 - 2:00AM
UK Regulatory
TIDMAMER
RNS Number : 9114A
Amerisur Resources PLC
04 January 2018
4 January 2018
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production, OBA Throughput and Operational Update
Successfully delivered 2017 exit rate in excess of 7,000
bopd
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to provide unaudited
production from the Company's two producing fields, the Platanillo
Field and the Mariposa-1 Long Term Test (LTT), and provide OBA
throughput data for the month of December 2017 (the "Period").
Production
-- Total production was 215,481 barrels of oil ("BO") during the Period.
-- Average daily production was 6,971 barrels of oil per
calendar day ("bopd") during the Period.
-- Peak daily production was 7061 bopd during the Period.
-- 2017 year-end exit rate production is in excess of 7,000 bopd.
-- Average daily production in 2017 on a calendar day basis was
4,862 bopd, broadly in line with guidance of 5,000 bopd.
OBA Export
-- Total export volume was 184,555 BO during the Period.
-- Average daily throughput was 6,152 BO during the Period.
-- Peak daily throughput was 7,045 BO during the Period.
Platanillo
Production at Platanillo-25, the third well on Pad 2N, the
northern extension of the Platanillo field has improved during the
period as a result of careful management and is currently producing
218 bopd at low water cut. Platanillo-27, the fourth well on Pad 2N
produced 115 bopd on test from a 12 feet section of net pay in the
U Sand and has now been placed on production. Observed water cut on
Platanillo-27 is higher than expected, and analysis of the produced
water and cementation logs is underway.
CPO-5
Downhole pressure data from the ongoing Long Term Test of
Mariposa-1 were retrieved during the last few days and analysis of
that data has begun. The Operator and the Company will then decide
on the parameters for the future development of the test, which may
include a higher flow rate from this well. The LTT has continued to
progress well, with a stable production over the last 30 days in
excess of 3,000 bopd in natural flow over a 28/64" choke with 565
psi wellhead pressure and approximately 0.13% water cut.
These 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. The 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/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 two fields in 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
producing field in the Putumayo basin, and holds a 30% non-operated
working interest in the CPO-5 block containing the Mariposa-1
producing field in the Llanos basin. Amerisur is currently
producing in excess of 7,000 bopd.
Amerisur has a strong position in the Putumayo basin and has a
cluster of near term activity assets around the OBA export
line.
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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