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Amerisur Resources Adds New Acreage To Putumayo Basin Portfolio

Wed, 27th Nov 2019 11:04

(Alliance News) - Takeover target Amerisur Resources PLC has been awarded a new block in Colombia, it announced on Wednesday.

Amerisur said the latest licensing round in Colombia has seen it win Block PUT-36, which covers around 59,902 hectares in the Putumayo basin, where it already has a number of assets.

The work commitments over 36 months at the block include the purchase of 3D seismic data and the drilling of two exploration wells, at a cost of USD26 million.

Chief Executive John Wardle said: "We are pleased to secure acreage that expands our strategic position in the Putumayo Basin, onshore southern Colombia."

Earlier in November, Cardiff-based Amerisur agreed a GBP242 million takeover by Latin America-focused oil and gas producer GeoPark Ltd. GeoPark will be paying 19.21 pence per share for Amerisur.

Amerisur shares were 0.4% lower on Wednesday morning in London at 18.50p. Five years ago, they were worth more than double that.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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30 Jul 2018 09:51

Amerisur Resources To Acquire Putumayo 14 Block In Colombia

LONDON (Alliance News) - Amerisur Resources PLC said Monday it has signed an agreement to acquire a 100% working interest in Putumayo 14 block in Colombia for no cost.The South America oil

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24 Jul 2018 09:51

Amerisur Resources Awaits Platanillo-22 Test Results To Move Forward

LONDON (Alliance News) - South America-focused oil & gas producer Amerisur Resources PLC said it will base its decisions for the Platanillo-22 well on ongoing tests.Amerisur has been in

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15 May 2018 11:04

Amerisur Says Revenue And Profitability Are Ahead Of Internal Budgets

LONDON (Alliance News) - Amerisur Resources PLC Chairman Giles Clarke said the company's revenue, cash generation and profitability are "significantly ahead" of the same period last

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9 May 2018 10:45

Amerisur Resources Makes Progress In Colombia Despite Delays

LONDON (Alliance News) - Amerisur Resources PLC said Wednesday its Colombian operations are making "good progress" despite bad weather conditions and delays.The South producer and

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8 May 2018 16:05

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8 May 2018 09:41

Amerisur Resources Monthly Production Falls Due To Work On Wells

LONDON (Alliance News) - Amerisur Resources PLC on Tuesday reported a drop in production in April from its Colombian assets due to some work carried out on its wells.Total production for of

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18 Apr 2018 16:39

DIRECTOR DEALINGS: Amerisur Resources Non-Exec Director Buys Shares

LONDON (Alliance News) - Amerisur Resources PLC said that Non-Executive Director Dana Coffield purchased shares in the oil and gas company in a transaction on Wednesday.Coffield bought at a

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17 Apr 2018 16:51

DIRECTOR DEALINGS: Amerisur Resources Chief Executive Buys Shares

LONDON (Alliance News) - Amerisur Resources PLC said a company related to Chief Executive John Wardle bought GBP49,909 worth of shares in the company on Tuesday.The oil and gas producer Ltd

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4 Apr 2018 09:19

Amerisur Resources Sees Reduced Platanillo Reserves In 2017

LONDON (Alliance News) - Amerisur Resources PLC said Wednesday that production from its two producing fields increased during the month of March, despite a reduction in the of

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9 Jan 2017 15:29

Amerisur completes latest Colombia well under time and budget

(ShareCast News) - South America-focused oil and gas producer and explorer Amerisur Resources announced an update on the drilling of well Platanillo-24 in Colombia on Monday. The AIM-traded firm said Platanillo 24 was drilled under time and under budget, to a total depth of 8,485ft measured depth, a

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3 Jan 2017 10:54

Tuesday broker round-up

(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d

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23 Dec 2016 07:35

Amerisur Resources Start Drilling On Platanillo-24 Well In Colombia

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20 Dec 2016 08:03

Amerisur Resources buys stakes in Colombia oil sites

(ShareCast News) - AIM-listed oil and gas explorer Amerisur Resources has bought the remaining 50% stake in an oil block and a new working interest in a Colombia site from Talisman Colombia Oil & Gas, for an undisclosed fee. The company is to buy the remaining 50% interest in the Put 30 contract are

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20 Dec 2016 07:41

Amerisur Resources Increases Interests In Two Colombia Licence Areas

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27 Oct 2016 14:22

Amerisur Resources confirms OBA pipeline operational

(ShareCast News) - South America-focused oil and gas producer and explorer Amerisur Resources announced on Thursday that the regulatory agency of Ecuador, ARCH, has issued a decree to Petroamazonas EP for the operation of the OBA system in Ecuador. The AIM-traded firm said that as a result, transpor

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