31 Dec 2013 07:00
31 December 2013
Amerisur Resources Plc ("Amerisur" or the "Company")
Ave-1 Update
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce an update on the well Ave-1 in the Fenix Block, Colombia. Ave-1, an exploration well in the Fenix Block has been spudded and is currently drilling ahead. The objective of the well is to evaluate the oil potential in the Mugrosa formation, located below the reservoirs previously discovered in the Esmeraldas formation by the well Isabel-1.
The well will be drilled directionally to a measured depth of 3,183ft, with a maximum inclination of 44 degrees from the vertical. Results from the well are expected in the next month.
ENDS
Competent person: Technical information in this announcement has been reviewed by John Wardle Ph.D., the Company's Chief Executive. John Wardle has 28 years' experience in the industry, having worked for BP, Britoil, Emerald Energy and Pebercan, and is a trained drilling engineer.
ENQUIRIES:
Ben Brewerton/Natalia Erikssen, Tel: +44 (0)207 831 3113 FTI Consulting
Stephen Foss/Daniel Conti Tel: +44 (0)207 653 4000 RBC Capital Markets
Investec Chris Sim / Ben Colegrave Tel: +44 (0)207 597 4000
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