12 Jun 2017 07:00
June 12 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production and OBA Throughput Update
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide unaudited production from the Platanillo Field and OBA throughput data for the month of May 2017 (the "Period").
Production
· Total production was 148,544 barrels of oil ("BO") during the Period.
· Average daily production was 4,792 barrels of oil per day ("bopd") during the Period.
· Peak daily production was 5,163 bopd during the Period.
OBA Export
· Total export volume was 132,258 BO during the Period.
· Average daily throughput was 4,266 bopd during the Period.
· Peak daily throughput was 5,017 bopd during the Period.
OBA throughput in May was affected by planned and unplanned maintenance of the RODA system. These works have been largely completed and the Company expects to return to daily volumes of the order of 5,000 BOPD throughput in the coming weeks. Platanillo field production was also affected by planned maintenance of certain wells. These operations are complete except for the workover of Platanillo-12, which has commenced.
This data will vary month on month as development, appraisal and exploration operations continue, and also due to the factors involved in operating in the Putumayo region of Colombia. These factors include inclement weather, social issues with drilling and oil transportation and planned and unplanned shut downs for technical works undertaken among others. This data has not yet been approved by the Colombian Agencia Nacional de Hidrocarburos (ANH) or national customs and tax authorities DIAN and may be subject to revision.
ENDS
Enquiries:
Nick Harrison, CFO Amerisur Resources
| Tel: +44 (0)330 333 8246 | |
Billy Clegg/Georgia Edmonds | Tel: +44 (0)203 757 4980 | |
Camarco
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Callum Stewart/Ashton Clanfield Stifel Nicolaus Europe Limited | Tel: +44 (0)20 7710 7600 | |
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Chris Sim/George Price | Tel: +44 (0)207 597 4000 | |
Investec |
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Darrell Uden/Marcus Jackson RBC Capital Markets
| Tel: +44 (0)207 653 4000
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Notes to editors
Amerisur Resources is an independent full-cycle oil and gas company focused on South America, with assets in Colombia and Paraguay and production from the Platanillo field in southern Colombia. In 2016 Amerisur successfully built and is 100% owner of the strategic OBA oil transfer line into Ecuador.
In Colombia, the Company is operator and has a 100% working interest in the Platanillo block which includes the Platanillo field, which is currently producing circa 5,100 BOPD. The Company has a strong position in the Putumayo basin and has a cluster of near term activity assets around the OBA export line including the Platanillo block, Put-8, Put-12 and Coati. A 40% working interest in contract Put-9, acquired from Talisman Colombia is currently awaiting approval by ANH. It has a diverse portfolio of longer term exploration assets.
This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.
www.amerisurresources.com