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

Amerisur suffers technical problems
13 Aug 2012

Amerisur suffers technical problems

Amerisur Resources, the oil and gas producer and explorer focused on South America, said tests on a Colombian well had been interrupted by equipment f...

Synergy CEO stocks up as Q1 growth limited by currency
27 Jul 2012

Synergy CEO stocks up as Q1 growth limited by currency

Dr Richard Steeves, the Chief Executive Officer of Synergy Health, a provider of outsourced sterilisation services, bought himself a round of shares o...

Resources round-up: Thor, Patagonia Gold, Amerisur ...
30 May 2012

Resources round-up: Thor, Patagonia Gold, Amerisur ...

Oil and gas producer Amerisur Resources has logged, cased and cemented the Platanillo-3 well in Colombia, the first of a six-well drill programme. Tes...

Resources round-up: Amerisur, Ormonde, ATH...
28 Mar 2012

Resources round-up: Amerisur, Ormonde, ATH...

Ormonde Mining has reported further positive gold assay results at its Zamora Gold Project. Drilling of the nine-hole programme, which is being funded...

Amerisur gets rig for Colombian project
12 Mar 2012

Amerisur gets rig for Colombian project

South America-focused oil and gas group Amerisur Resources has signed a contract for a drilling rig for its Platanillo project in Colombia. The Serri...

Small caps round-up: Amerisur, Orchid, Herencia...
13 Feb 2012

Small caps round-up: Amerisur, Orchid, Herencia...

Amerisur Resources, an oil and gas producer and explorer, has mobilised the work rig D-6 to the Platanillo Field, Colombia. Once the unit is rigged up...

Amerisur Resource granted modification to licence
23 Nov 2011

Amerisur Resource granted modification to licence

Amerisur Resources, an oil and gas producer and explorer focused on South America, has been granted a modification to its Global Environmental Licence...

Profits up 94% at Amerisur Resources
26 Sep 2011

Profits up 94% at Amerisur Resources

Operating profits soared 94% at South America-based oil and gas explorer and producer Amerisur Resources in the first half of the year. Revenue for ...