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
15 Sep 2016 14:29

Amerisur revenue slips and loss widens in first half

(ShareCast News) - South America-focused oil and gas producer and explorer Amerisur Resources announced its interim results for the six months to 30 June on Thursday, with revenue of $24.4m down significantly from $40.3m in the first half of the prior year. The AIM-traded firm reported operating cas

Read more
15 Sep 2016 06:59

Amerisur Resources Loss Widens, But Prepares For Production Ramp-Up

Read more
23 Jun 2016 13:43

Amerisur Resources Says Drilling Underway At Platanillo Field

Read more
17 Jun 2016 11:35

Amerisur modified farmout agreement at Coati

(ShareCast News) - Oil and gas producer and explorer Amerisur Resources updated the market on its Coati contract area in Colombia on Friday, announcing the signing of a modification of the farmout agreement with Canacol Energy. The AIM-traded firm said the modification increases the farm in particip

Read more
17 Jun 2016 07:03

Amerisur Says Paraguay Oil System Not "Commercially Extractable"

Read more
3 Jun 2016 06:34

Amerisur Resources Reports "Strong Progress" Across Operations

Read more
31 May 2016 07:05

Tuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust

(ShareCast News) - HSBC's Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe "most in need

Read more
4 May 2016 09:38

Amerisur's All-Important Pipeline On Track, To Re-Enter Loto Well

Read more
27 Apr 2016 15:09

AGM, EGM Calendar - Week Ahead

Read more
22 Apr 2016 06:32

Amerisur Resources Spuds Jaguarete-1 Well In Paraguay

Read more
18 Apr 2016 08:37

SolGold Says Cascabel Project Not Affected By Ecuador Earthquake

Read more
7 Apr 2016 15:34

Amerisur Resources swings to loss in 2015

(ShareCast News) - South America-focused oil and gas explorer and producer Amerisur Resources swung to a loss on Thursday, with the company claiming strength as it published its results for the 2015 calendar year. The AIM-traded firm reported revenue of $61m for the year, down from $199m in 2014. It

Read more
7 Apr 2016 07:31

Amerisur Turns To Substantial Loss In 2015 But Is Upbeat On 2016

Read more
31 Mar 2016 08:34

BROKER RATINGS SUMMARY: Credit Suisse Prefers Hammerson Over Intu

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.