2 Apr 2015 15:07
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Don't have an account? Click here to register.Amerisur Resources buys Petro Dorado South America
Mon, 29th Jun 2015 11:52
Amerisur Resources announced the acquisition of Petro Dorado South America SA, a subsidiary of Petro Dorado Energy for a total payment of $6m.The oil and gas exploration and production company said the payments will be made in three instalment, with $3m upon closing, and two further instalment of $1.5m at three-monthly intervals.The consideration may be paid in cash or in Amerisur stock, based on the 5-day volume-weighted average price preceding the due date for each instalment, at the election of Amerisur.Amerisur will acquire a 30% working interest in the CPO-5 contract, located in the Llanos basin and a 49.5% working interest in the Tacacho contract, located in the Caguan-Putumayo basin.Chief executive officer John Wardle said: "Through this transaction we have accessed prime Llanos acreage in the form of the CPO-5 block, with near-term drilling on a proven discovery at the Loto structure, and considerable further upside for light and medium oil within the block, which is on trend with the most important recent discoveries in the basin."At 1157 BST, shares were down 2.6% at 35.80p.
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2 Apr 2015 05:22
1 Apr 2015 14:56
1 Apr 2015 07:36
BUZZ-Amerisur Resources: Fall in reserves hurt
** Oil and gas producer down as much as 26.6 pct to 22 pence, lowest in 2-1/2 years, after announcing a fall in proven and probable reserves ** Stock is biggest drag on FTSE AIM Oil and Gas Index ** Company says after accounting for production, proven gross field reserves at end 2014
Read more25 Feb 2015 09:42
2 Feb 2015 09:09
UPDATE 1-Amerisur Resources cuts capex citing oil price slump
(Adds analyst comment, details, share movement) Feb 2 (Reuters) - Oil and gas company Amerisur Resources Plc more than halved its 2015 capital spending plan and temporarily suspended production from high-cost areas in its asset in Colombia, in response to the depressed crude oil prices.Read more
2 Feb 2015 08:01
Amerisur Resources cuts capex citing oil price slump
Feb 2 (Reuters) - Oil and gas company Amerisur Resources Plc cut its 2015 capital spending plan by 53 percent and temporarily suspended production from high-cost areas in its asset in Colombia, in response to the depressed crude oil prices. The company now expects capital expenditure for t
Read more20 Jan 2015 09:41
5 Jan 2015 00:01
Oil slump threatens outlook for AIM listings after bumper 2014 -UHY
* Money raised via AIM IPOs doubles in 2014, highest in 7 years * New energy company listings under threat - accountancy firm LONDON, Jan 5 (Reuters) - Slumping oil prices could curb new equity listings on Britain's Alternative Investment Market , where many small oil and gas explorer
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