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Amerisur shares down after quick-fire placing

Wed, 09th Mar 2016 15:19

(ShareCast News) - Amerisur Resources had a bit more cash in its pocket on Wednesday, having completed a quick-fire placing it had announced first thing.The AIM-traded oil and gas producer said a total of 106 million new ordinary shares of 0.1p each had been placed by Stifel, Investec and RBC at a price of 25p per placing share, raising net proceeds of around $35m (£24.6m).Simultaneously to the placing, the joint bookrunners placed around 9.4 million existing Amerisur shares to institutional investors on behalf of Petrodorado Energy.The placing shares represented around 9.6% of the company's existing ordinary share capital, and were to be credited as fully paid and rank pari passu once issued. Admission was expected to take place on 11 March at 0800 GMT."I would like to thank existing and new shareholders for their support. We have the firepower to accelerate activity across our portfolio such that we can leverage the OBA pipeline, which will be operational shortly, and which reduces OPEX per barrel significantly," said Amerisur CEO John Wardle."We now have an active drilling programme at significantly lower costs due to the oil price climate and plan to increase reserves and production whilst maintaining our capital discipline," he added.The company's board confirmed that Stifel, Investec and RBC were acting as joing bookrunners in respect of the placing. Its enlarged issued share capital was now 1,206,452,484.Amerisur shares were facing choppy trading through the day, and at 1509 GMT were down 13.6% at 27p.

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29 Apr 2014 09:15

UK BROKER RATINGS: HSBC Cuts Antofagasta To Neutral And Target 13%

LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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FTSE 100
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BERENBERG INITIATES CARNIVAL PLC WITH 'BUY' - TARGET 3,000 PENCE
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29 Apr 2014 07:33

UK MORNING BRIEFING: St James's Place Reports Strong Net Inflows

LONDON (Alliance News) - Shares have opened higher Tuesday following positive leads from US and Asian markets and amid a slew of FTSE 100 and FTSE 250 company trading updates.

St. James's Place has reported a surge in funds under management in the first quarter and

25 Apr 2014 10:28

Amerisur Resources Says 2014 Drilling Programme On Track

LONDON (Alliance News) - Amerisur Resources PLC Friday said its drilling programme for the year is progressing to plan. The Latin America-focused oil and gas producer said that following the completion of drilling at Platanillo-15 well at its Platanillo field in Colombia, the Serinco D-10 r

22 Apr 2014 12:50

Amerisur Resources on the rise after impressive year

Revenues soared fourfold in 2013 at Amerisur Resources as production ramped up at its Platanillo field in Colombia. The AIM-listed company enjoyed a 100% success rate as it drilled six commercial wells during the period to bring the total of to ten wells and three successful sidetracks in Platanil

22 Apr 2014 10:11

Amerisur Resources Profit Jumps On Higher Platanillo Production

LONDON (Alliance News) - Amerisur Resources PLC Tuesday said its pretax profit jumped in 2013 as revenues were boosted by higher production rates at its Platanillo field in Colombia. The South American oil and gas producer said its pretax profit saw a more than threefold increase to USD75.3

31 Mar 2014 11:47

Amerisur Resources Increases Reserves In Colombia And Paraguay

LONDON (Alliance News) - Amerisur Resources PLC Monday said it has increased its certified reserves and resources for its exploration and production assets in Colombia and Paraguay. The oil and gas producer said the independent report provided by Petrotech Engineering Ltd showed that its pr

24 Mar 2014 10:47

Amerisur Resources Adds Commercial Oil Production From Platanillo-17

LONDON (Alliance News) - Amerisur Resources PLC Monday said that its twelfth new well in the Platanillo field in Colombia has added commercial oil production to the company's operations. The oil and gas producer said Platanillo-17 was drilled on time and under budget to a total depth of 8,7

13 Feb 2014 12:12

Amerisur Resources Puts Platanillo-16 Well Into Commercial Production

LONDON (Alliance News) - Amerisur Resources PLC Thursday said it has placed the Platanillo-16 well in Colombia on commercial production after it achieved good flow rates in tests. The oil and gas producer said Platanillo-16 has become its 11th successful well in the current Colombian campai

13 Feb 2014 08:24

UK MORNING BRIEFING: Lloyds To Set Out New Strategy By End Of 2014

LONDON (Alliance News) - The market is dissecting the Lloyds Banking Group earnings statement early Thursday. The state-controlled bank said it swung to profit in 2013, while confirming its intentions to restart paying a dividend and to sell off more of the UK government's sha

3 Feb 2014 12:15

Amerisur Resources Says Ave-1 Well In Colombia Fails To Find Oil

LONDON (Alliance News) - Amerisur Resources Monday said its Ave-1 well in the Fenix Block, Colombia, failed to find prospective sands in the Mugrosa formation. The oil and gas producer said the well was drilled to a maximum depth of 3,300 feet with a maximum inclination of 44.7 degrees, and

30 Jan 2014 14:47

Amerisur Initiates Seismic Testing At San Pedro Block

LONDON (Alliance News) - Amerisur Resources PLC Thursday said a seismic acquisition programme has been initiated on its San Pedro block in Paraguay. The oil and gas producer said the study will acquire roughly 416 kilometres of new, high quality 2D seismic data over five key areas. Th

14 Jan 2014 08:02

Tuesday broker round-up

AMEC: Nomura ups target price from 1230p to 1280p and retains a buy recommendation. Amerisur Resources: Investec shifts target price from 73p to 75p and keeps a buy recommendation. AVEVA: Investec increases target price from 2500p to 2900p upgrading from hold to buy. BHP Billiton: JP Morgan raise

31 Dec 2013 07:47

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AMER.L Share News (AMER)

Amerisur shares down after quick-fire placing

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar - Week Ahead

UK BROKER RATINGS: HSBC Cuts Antofagasta To Neutral And Target 13%

UK MORNING BRIEFING: St James's Place Reports Strong Net Inflows

Amerisur Resources Says 2014 Drilling Programme On Track

Amerisur Resources on the rise after impressive year

Amerisur Resources Profit Jumps On Higher Platanillo Production

Amerisur Resources Increases Reserves In Colombia And Paraguay

Amerisur Resources Adds Commercial Oil Production From Platanillo-17

Amerisur Resources Puts Platanillo-16 Well Into Commercial Production

UK MORNING BRIEFING: Lloyds To Set Out New Strategy By End Of 2014

Amerisur Resources Says Ave-1 Well In Colombia Fails To Find Oil

Amerisur Initiates Seismic Testing At San Pedro Block

Tuesday broker round-up

AIM IN BRIEF: 600 Group Says Talks With D&D Now Are For Asset Sale

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