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 shares
Tracarta Ltd, a company in which Wardle has an interest, acquired 8.1 million ordinary shares at 12.30 pence per share. Following the purchase, Tracarta holds 30.0 million shares, representing a total of 2.5% of Amerisur's issued share capital.
Shares in Amerisur were trading 9.2% higher at 13.10p per share in morning trade.
Last Friday, Amerisur signed a USD93.3 million farm-out agreement with an affiliate of US-listed oil explorer Occidental Petroleum Corp for exploration blocks located in the Putumayo region of Colombia.
The UK listed company signed a farm-out pact with Occidental Andina LLC for exploration blocks: Putumayo-9, Terecay, Tacacho and Mecaya. In consideration of the acquisition of a 50% interest in each block, Occidental Andina will fund a USD93.3 million exploration and appraisal program between 2019-2021.
