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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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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

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

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

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

8 May 2018 16:05

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 9 MayStandard CharteredVirgin MoneyRentokil InitialPatagonia & (re 10

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

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

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

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

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

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

23 Dec 2016 07:35

Amerisur Resources Start Drilling On Platanillo-24 Well In Colombia

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

20 Dec 2016 07:41

Amerisur Resources Increases Interests In Two Colombia Licence Areas

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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