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Amerisur uncovers 22.7m barrels of oil at Indico-1X site

Tue, 22nd Jan 2019 12:18

(Sharecast News) - South America focussed oil and gas producer Amerisur Resources has uncovered around 22.7m barrels of oil at its producing Indico-1X well.Amerisur's well, which is located within the firm's 30% owned CPO-5 project, has been producing roughly 5,120 barrels of oil per day as part of its recent test programme.An independent report also located some 2.9m barrels of reserves at the Mariposa project, where a development plan was being prepared by the well's operator.The AIM-listed firm saw group production top 4,602 bopd in the fourth quarter - with a "peak" daily rate of 5,405 bopd.Chief executive John Wardle said: "We are extremely encouraged by the progress made across our portfolio during 2018.""The activity we plan in CPO-5 and in our acreage in the Putumayo basin during 2019 has the potential to transform Amerisur - I have never been more excited by, or optimistic about the company's future."As of 1220 GMT, Amerisur shares had picked up 1.32% to 18.60p.
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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

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15 Sep 2016 06:59

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

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12 Jul 2016 07:02

Amerisur Resources Makes Progress At Operations In Colombia

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23 Jun 2016 13:43

Amerisur Resources Says Drilling Underway At Platanillo Field

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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

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17 Jun 2016 07:03

Amerisur Says Paraguay Oil System Not "Commercially Extractable"

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3 Jun 2016 06:34

Amerisur Resources Reports "Strong Progress" Across Operations

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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

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4 May 2016 09:38

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

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27 Apr 2016 15:09

AGM, EGM Calendar - Week Ahead

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22 Apr 2016 06:32

Amerisur Resources Spuds Jaguarete-1 Well In Paraguay

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18 Apr 2016 08:37

SolGold Says Cascabel Project Not Affected By Ecuador Earthquake

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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

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7 Apr 2016 07:31

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

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31 Mar 2016 08:34

BROKER RATINGS SUMMARY: Credit Suisse Prefers Hammerson Over Intu

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