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Platanillo-4 Update

26 Jul 2012 07:00

RNS Number : 5152I
Amerisur Resources PLC
26 July 2012
 



26 July 2012

 

Amerisur Resources Plc ("Amerisur" or the "Company")

 

Platanillo-4 Update

 

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce an update on the well Platanillo-4 in the Platanillo Field, Colombia, the second of a planned eight well drilling campaign.

The well has successfully reached total depth at 8,675ft measured depth, at a distance of 1,740ft from the bottom hole location of well Platanillo-3 and has been logged. The well is currently being cased and cemented in preparation for Drill Stem Testing.

The reservoir formations were encountered in line with the 3D seismic model, with the U sand package being slightly higher than prognosis. Initial analysis of the U sand interval indicates a 75ft gross oil column and 51ft net potential pay.

Additionally, logs indicate the presence of a high quality development of the N sand at this position, in line with the attribute model developed to determine the N sand distribution through the field. The reservoir sections encountered in the well are currently being studied to determine which zones will be tested, with log indications of significant oil saturations in at least 3 separate formations.

The Company expects to perform flow and pressure tests during the next two weeks, and will announce results once they have been analysed.

Following testing, completion and placing on production of Platanillo-4 the Serinco Rig D-10 will be skidded to the third drilling cellar, to drill the third well (Platanillo-5) of our current programme from the same location (Platform 9), deviating the well to an offset of approximately 1,400ft north from the bottom hole location of Platanillo-3. As previously reported, given the positive results of the wells, the Company intends to drill a total of 4 wells from Platform 9 instead of the 3 wells planned previously. The additional well, denominated Platanillo-9 (due to the order in which wells were permitted with the Ministry of Mines and Energy) will be directionally drilled to a location approximately 1,600ft west of Platanillo-3.

ENDS

Competent person: Technical information in this announcement has been reviewed by John Wardle Ph.D., the Company's Chief Executive. John Wardle has 27 years' experience in the industry, having worked for BP, Britoil, Emerald Energy and Pebercan, and is a trained drilling engineer.

 

 

ENQUIRIES:

 

 Billy Clegg/Latika Shah,

 FTI Consulting

Tel: +44 (0)207 831 3113

 

 

Martin Eales/Pierre Schreuder

RBC Capital Markets

 

Tel: +44 (0)207 653 4000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCZMGZNKKLGZZM
Date   Source Headline
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30th Jul 20191:20 pmRNSForm 8.5 (EPT/NON-RI) - Amendment
30th Jul 201911:12 amRNSForm 8.5 (EPT/NON-RI)
30th Jul 20199:41 amRNSForm 8.3 - Amerisur Resources plc
30th Jul 20199:24 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
29th Jul 20191:22 pmGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc **Amendment**
29th Jul 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
29th Jul 201911:53 amGNWForm 8.3 - [Amerisur Resources plc]
29th Jul 201910:40 amRNSForm 8.5 (EPT/NON-RI) - Amendment
29th Jul 20199:40 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
29th Jul 20197:00 amRNSOperations Update
26th Jul 201911:55 amRNSForm 8.5 (EPT/NON-RI)
26th Jul 201911:51 amGNWForm 8.3 - [Amerisur Resources plc]
26th Jul 201911:30 amPRNForm 8.3 - Amerisur Resources plc
26th Jul 201911:02 amRNSForm 8.5 (EPT/NON-RI)
26th Jul 20197:09 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
25th Jul 201912:08 pmGNWForm 8.3 - [Amerisur Resources plc]
25th Jul 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
25th Jul 201911:55 amRNSForm 8.5 (EPT/NON-RI)
25th Jul 201910:09 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
24th Jul 20194:35 pmEQSForm 8.3 - Chelverton UK Dividend Trust plc: Amerisur Resources Plc
24th Jul 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
24th Jul 201911:55 amRNSForm 8.5 (EPT/NON-RI)
24th Jul 201911:44 amRNSForm 8.3 - Amerisur Resources plc
24th Jul 201911:40 amRNSForm 8.5 (EPT/NON-RI) - Amendment
24th Jul 201911:25 amGNWForm 8.3 - [Amerisur Resources plc]
24th Jul 201910:58 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
24th Jul 201910:43 amPRNCorrection : Form 8.3 - Amerisur Resources Plc
24th Jul 201910:41 amPRNForm 8.3 - Amerisur Resources plc
24th Jul 201910:22 amRNSForm 8.5 (EPT/NON-RI)
23rd Jul 20193:28 pmRNSForm 8.5 (EPT/RI) - Amerisur REPLACEMENT
23rd Jul 20193:02 pmRNSForm 8.3 - Amerisur Resources
23rd Jul 20193:00 pmRNSForm 8.3 - Amerisur Resources Plc

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