13 Feb 2012 07:00

13 February 2012
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Amerisur Resources Plc
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("Amerisur" or the "Company")
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Platanillo Update
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announces that it has mobilised the work over rig D-6, owned and operated by Serinco Drilling SA to the Platanillo-2 location in the Platanillo Field, Colombia.
Once the unit is rigged up and tested, the Platanillo-2 well will be re-entered and worked over. The work over programme is intended to optimise the configuration of the well and will include a remedial cementation and a Drill Stem Test (DST) of the previously untested N sand formation. The N sand is an established producer in the Victor Hugo Ruales field in Ecuador, and has also been shown to be productive in recent exploratory wells in the Caguan-Putumayo basin.
Other zones may also potentially be tested under the programme. The N sand DST and recompletion programme is expected to begin in the next few days and take up to 14 days to complete. It is expected that Alea-1R will continue in normal production during these operations.
The southern access road to Drilling Platform 9 has been completed and work is well advanced on the drilling location.
John Wardle commented: "The work over of Platanillo-2 is an important opportunity for the Company to physically test the N sand and so correlate the petrophysical model to ensure that we are able to efficiently interpret the log responses in the new wells of our upcoming drilling campaign."
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A presentation updated in February 2012 can be viewed on the Company website, www.amerisurresources.com
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ENQUIRIES:
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Billy Clegg/Caroline Stewart FTI Consulting | Tel: +44 (0)207 831 3113 Â Â |
Martin Eales/Pierre Schreuder RBC Capital Markets | Tel: +44 (0)207 653 4000 |
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