If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMER.L Share News (AMER)

  • There is currently no data for AMER

Amerisur issues update on Colombian projects

Fri, 07th Sep 2018 08:33
(Sharecast News) - Amerisur Resources has spudded its Pintadillo-1 well in Colombia and has begun seismic acquisition at the Coendu prospect.The South America-focused oil and gas firm new well is targeting the N Sands anomaly to the north of the Platanillo field, with drilling running ahead of schedule at 5,000 feet measured depth.Elsewhere, Amerisur's 2D seismic acquisition at the Coendu prospect, where it has initiated the processes required for the preparation of the Drilling Environmental Licence, has been slated to wrap before the end of the month and will be followed by data processing and interpretation.Amerisur's chief executive John Wardle said: "After some delays, we look forward to a busy period of seismic and exploration drilling activity in the weeks and months ahead, with a focus on the OBA cluster acreage we have built up at low cost in the oil downturn."The AIM-listed firm told investors on Friday that it had completed the construction and installation works at the Chiritza Re-Pumping Station in Ecuador, which, when operational, will have a minimum throughput capacity of 9,000 barrels of oil per day.Amerisur turned in an unaudited production of 152,721 barrels of oil from its Platanillo and the Mariposa-1 operations in August. Average daily production stood at 4,927 bopd and peak daily production came in at 5,295 bopd."Current production has stabilised and at the right time we may increase production rates at Platanillo-22 whilst preserving the long-term integrity of the well," said Wardle.As of 1045 BST, Amerisur shares had jumped 4.93% to 14.90p.

Related News

Colombian Court Defers Amerisur Resources Case Until After Takeover
10 Jan 2020

Colombian Court Defers Amerisur Resources Case Until After Takeover

Colombian Court Defers Amerisur Resources Case Until After Takeover

Colombian Claimants Try Last-Ditch Attempt To Block Amerisur Takeover
8 Jan 2020

Colombian Claimants Try Last-Ditch Attempt To Block Amerisur Takeover

Colombian Claimants Try Last-Ditch Attempt To Block Amerisur Takeover

Amerisur Posts Sharp Rise In Profit; GeoPark To Issue Notes For Buyout
7 Jan 2020

Amerisur Posts Sharp Rise In Profit; GeoPark To Issue Notes For Buyout

Amerisur Posts Sharp Rise In Profit; GeoPark To Issue Notes For Buyout

AMER.L News

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Cuts ITV To Hold From Buy
13 Nov 2019

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Cuts ITV To Hold From Buy

UK BROKER RATINGS SUMMARY: Kepler Cheuvreux Cuts ITV To Hold From Buy

Amerisur in sale talks with 'multiple' parties
11 Oct 2019

Amerisur in sale talks with 'multiple' parties

(Sharecast News) - South America-focussed oil and gas producer and explorer Amerisur Resources updated the market on the strategic review and formal s...

Amerisur Resources To Conclude Sale Process In Final Quarter Of 2019
11 Oct 2019

Amerisur Resources To Conclude Sale Process In Final Quarter Of 2019

Amerisur Resources To Conclude Sale Process In Final Quarter Of 2019

Amerisur Resources Sees Platanillo Reserve Decline; CPO-5 Rises
20 Sep 2019

Amerisur Resources Sees Platanillo Reserve Decline; CPO-5 Rises

(Alliance News) - Amerisur Resources PLC on Friday posted a reserves update for its Colombian projects which showed an increase at its Indico and Mari...

Amerisur Resources Could Top Output Guidance As It Meets With Suitors
12 Sep 2019

Amerisur Resources Could Top Output Guidance As It Meets With Suitors

(Alliance News) - Takeover target Amerisur Resources PLC on Thursday said "multiple" parties are interested in the firm ahead of meetings in the comin...

UK Earnings, Trading Statements Calendar - Next 7 Days
5 Sep 2019

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 6 September SIGHalf Year ResultsAshmore GroupFull Year Public Year Horizon Year 9

WINNERS & LOSERS SUMMARY: WPP Shares Surge As It Beats Forecasts
9 Aug 2019

WINNERS & LOSERS SUMMARY: WPP Shares Surge As It Beats Forecasts

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS-------...

Amerisur Resources Considers Takeover Offers From Several Firms
9 Aug 2019

Amerisur Resources Considers Takeover Offers From Several Firms

(Alliance News) - Amerisur Resources PLC said on Friday that multiple companies have expressed an interest in acquiring the firm during its formal sal...