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

Oil cos. round-up: Petro Matad, Faroe, Amerisur
21 Sep 2010

Oil cos. round-up: Petro Matad, Faroe, Amerisur

Mongolia-focused oil explorer Petro Matad ran into mechanical problems with the drilling of its Davsan Tolgoi-2 well but said operations are now progr...

Small caps round-up: Forbidden Technologies, Statpro, PetroLatina...
4 Aug 2010

Small caps round-up: Forbidden Technologies, Statpro, PetroLatina...

Shares in Forbidden Technologies rallied after the internet video streaming firm announced that Renegade Pictures is using its video platform FORscene...

Small caps: Charles Taylor, 888,  Amerisur...
1 Jul 2010

Small caps: Charles Taylor, 888, Amerisur...

Insurance specialist Charles Taylor reports trading in May and June has met expectations with continued good performances from its insurance, run-off ...

Amerisur Resources FY Pretax Loss GBP1.23M Vs Profit GBP49,000
1 Jul 2010

Amerisur Resources FY Pretax Loss GBP1.23M Vs Profit GBP49,000

LONDON (Dow Jones)--Amerisur Resources PLC (AMER.LN), an oil and gas explorer and developer focused on South America said Thursday that it made pretax...

Small caps round-up: Altitude, Amerisur Resources, Rugby Estates...........
30 Apr 2010

Small caps round-up: Altitude, Amerisur Resources, Rugby Estates...........

Promotional merchandise company Altitude lost £624,000 last year, much more than the £33,000 deficit recorded in 2008 as revenue tumbled 15%. Revenue...

Small caps round-up: Ocean Wilsons, Fortune Oil, Freshwater...
16 Nov 2009

Small caps round-up: Ocean Wilsons, Fortune Oil, Freshwater...

PR and marketing group Freshwater's profits fell sharply last year, but the fourth quarter saw an improvement that has continued into the current year...

Small caps round-up: Wichford, Baltic Oil, Caffyns...
29 May 2009

Small caps round-up: Wichford, Baltic Oil, Caffyns...

Shares in property investment company Wichford almost halved today after reporting a full-year loss of £76.2m and admitting it is mulling a cash call....