Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Amerisur Resources Makes Progress At Operations In Colombia

Tue, 12th Jul 2016 07:02

LONDON (Alliance News) - Oil & gas producer Amerisur Resources PLC on Tuesday reported progress made at its operations in Colombia and said the results from its work programme should provide a platform for future growth.

Amerisur said in the infill well at Platanillo-8 in the Putumayo basin has been drilled to a total depth of 8,719 feet on Pad 5S and a 7-inch casing has been run and successfully cemented. Schlumberger electric logs indicate the well encountered oil columns in the upper U, lower U and T sands, with "excellent reservoir quality", although the N sand was not well developed at this position, as predicted.

In the U sand, total net pay of 27 feet is estimated, with an oil water contact in the lower part of the lower U sand, Amerisur said. The T sand reservoir exhibits 14 feet of net pay within "excellent quality" reservoir with no OWC shown on the logs, for a total of 41 feet of net pay.

Amerisur said it intends to test the T sand followed by a long-term test of that interval, to further enhance the understanding of the reservoir.

The well was drilled ahead of schedule, reaching total depth in 15 days compared to the planned 21 days due to operational enhancements and "excellent operational performance", Amerisur said.

Once the Serinco D-10 drilling rig is released from Pad 5S, it will be mobilised to Pad-2N to drill the first of up to two step out wells in the north of the Platanillo field. The workover rig Serinco D-6 will also be mobilised to perform the workover of Platanillo-20.

Meanwhile, at the Llanos basin, the electrical submersible pump initially installed in the well Loto-1 has now been function tested and was found to be in good operating condition, Amerisur said. Consequently, a workover to replace the ESP will not be necessary. Surface facilities are currently being installed to perform the 30 day test of the Mirador L4 interval of the well.

Amerisur and its partner, ONGC Videsh Ltd have defined the location for two exploratory wells within the North West 3D seismic data grid in this block. Both wells are planned to be drilled back to back in the latter part of the year into 2017.

"I am pleased to report the successful drilling of Platanillo-8, after a hiatus of almost 18 months of drilling activities. Operational performance has been outstanding, with important enhancements that we can apply going forward. We expect to drill, complete and test the well for a total of USD3.5 million, a significant saving over previous wells," Chief Executive John Wardle said in a statement.

"Strong progress continues to be made across the rest of the portfolio and we have an active work programme in place in the second half of the year which includes the acquisition of 2D seismic at Put-12, the workover of Platanillo-20, the first of up to two step out wells in the north of the Platanillo field and the commencement of drilling operations for two exploratory wells at CPO-5," he added.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
2 Jan 2019 14:56

DIRECTOR DEALINGS: Amerisur Director Buys GBP35,000 In Shares

LONDON (Alliance News) - Amerisur Resources PLC said that Independent Non-Executive Director Stephen Foss bought GBP35,000 worth of shares in the oil and gas company on Wednesday.The South

Read more
2 Jan 2019 10:44

WINNERS & LOSERS SUMMARY: Ophir Energy Spikes 33% On Indonesian Offer

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - LOSERS----------Anglo as

Read more
2 Jan 2019 09:08

Amerisur Says Well Testing At Colombian CPO-5 Block "Very Encouraging"

LONDON (Alliance News) - Amerisur Resources PLC on Wednesday said short-term testing of the CPO-5 block in Colombia had encouraging initial flow rates with no indication of oil-water in Amerisur a

Read more
10 Dec 2018 09:14

Amerisur Hits Lower Sands Oil Formation At Indico Well In Colombia

LONDON (Alliance News) - Amerisur Resources PLC on Monday confirmed that Indico-1 well in Colombia reached target depth of 10,604 feet and encountered the Lower Sands of the Une in Amerisur were

Read more
29 Nov 2018 16:44

DIRECTOR DEALINGS: Amerisur Resources CEO Buys Shares Via Tracarta

LONDON (Alliance News) - Amerisur Resources PLC on Thursday said Tracarta Ltd purchased shares in the oil & gas company in a transaction on Wednesday.Amerisur Resources Chief Executive

Read more
29 Nov 2018 16:39

Director dealings: Amerisur CEO ups stake for second time this week

(Sharecast News) - Amerisur Resources chief executive John Wardle purchased 687,000 ordinary shares in the full-cycle oil and gas company.

Read more
26 Nov 2018 19:02

DIRECTOR DEALINGS SUMMARY: Amerisur Resources CEO Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Monday---------South America focused oil and gas producer Amerisur Resources said a

Read more
26 Nov 2018 15:56

Director dealings: Amerisur CEO ups stake

(Sharecast News) - Amerisur Resources chief executive John Wardle purchased 8.12m ordinary shares in the full-cycle oil and gas company.

Read more
26 Nov 2018 08:37

DIRECTOR DEALINGS: Amerisur Resources CEO Buys GBP1 Million In Shares

LONDON (Alliance News) - South America focused oil and gas producer Amerisur Resources PLC said a company related to Chief Executive John Wardle bought GBP999,966 worth of sharesTracarta a

Read more
23 Nov 2018 10:49

Amerisur enters farm-out agreement at Putumayo

(Sharecast News) - Oil and gas producer and explorer Amerisur Resources has entered into a farm-out agreement with Occidental Andina - an affiliate of international oil and gas exploration and production company Occidental Petroleum Corporation - it announced on Friday.

Read more
23 Nov 2018 09:22

Amerisur Inks USD93 Million Farm Out Pact For Colombian Blocks

LONDON (Alliance News) - Amerisur Resources PLC said Friday that it has signed a USD93.3 million farm-out agreement with an affiliate of US-listed oil explorer Occidental Petroleum Corp for in of

Read more
21 Nov 2018 09:31

Amerisur Resources Takes 100% Of Mecaya, Completes Chiritza Facility

LONDON (Alliance News) - Amerisur Resources PLC on Wednesday said its Chiritza pumping station has been commissioned on time and on budget, while it has also announced an acquisition.Now in

Read more
21 Nov 2018 08:44

Amerisur secures 100% interest in Mecaya asset

(Sharecast News) - Oil and gas outfit Amerisur Resources has taken full ownership of the Mecaya block in Colombia under new "attractive" terms that will see it pay some cash now and royalties later.

Read more
31 Oct 2018 13:22

Amerisur Resources Reports Progress On Indico-1 Well Spudding

LONDON (Alliance News) - Amerisur Resources PLC said Wednesday that the rig mast has been raised at the Indico-1 well on the CPO-5 block in Colombia ahead of its spudding, which is expected oil on

Read more
17 Oct 2018 09:38

Amerisur Resources Exploration Going Well, Output Dips Marginally

LONDON (Alliance News) - Amerisur Resources PLC on Wednesday reported a small drop in oil output for September, while good progress is being made in its exploration work.Production for from

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.