The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAMER.L Regulatory News (AMER)

  • There is currently no data for AMER

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Reserves Update

28 Mar 2012 07:00

RNS Number : 2170A
Amerisur Resources PLC
28 March 2012
 



 

28 March 2012

 

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

 

Reserves Update

 

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to report an update to the certified reserves for the Platanillo Field, Colombia.

Following receipt of an independent reserves report as at 31 December 2011 undertaken by Petrotech Engineering Ltd using the standards set by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers, certified 2P (Proven and Probable) reserves have increased by 114% to 7.7 MMBO. These 2P reserves have been evaluated by Petrotech as representing a Net Present Value ("NPV") of US$401m undiscounted and a 10% discounted NPV of $204m. Petrotech also calculated 3P (Proven, Probable and Possible) reserves at 10.6 MMBO. In addition, the report certifies a further 3 (best case) to 5.2 (high case) MMBO from the Lower U and N formations as unrisked prospective resources.

John Wardle, CEO said:

 

"We continue our strategy of de-risking the asset base at Platanillo and are very pleased to announce this significant reserve upgrade. We are on track to deliver upon our six well 2012 drilling programme in Platanillo."

 

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.

- Ends -

 

ENQUIRIES:

 

Billy Clegg/Caroline Stewart,

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
 
 
MSCSEAESWFESEFD
Date   Source Headline
1st Oct 20192:17 pmPRNForm 8.3 - Amerisur Resources Plc
1st Oct 20191:23 pmGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
1st Oct 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
30th Sep 201911:05 amRNSForm 8.3 - Amerisur Resources Plc
27th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
27th Sep 20199:50 amPRNForm 8.3 - Amerisur Resources Plc
26th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
26th Sep 20198:47 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
25th Sep 20192:09 pmRNSForm 8.3 - Amerisur Resources Plc
25th Sep 201912:10 pmRNSForm 8.5 (EPT/NON-RI)
25th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
25th Sep 20199:47 amRNSForm 8.5 (EPT/NON-RI)
25th Sep 20199:21 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
24th Sep 20193:20 pmRNSForm 8.3 - Amerisur Resources PLC
24th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
24th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
24th Sep 201910:07 amGNWForm 8.5 (EPT/RI)
24th Sep 20199:46 amRNSAmendment Form 8.5 (EPT/NON-RI)
23rd Sep 20191:21 pmRNSAmendment Form 8.5 (EPT/NON-RI)
23rd Sep 201912:13 pmRNSForm 8.5 (EPT/NON-RI)
23rd Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
23rd Sep 201910:04 amRNSForm 8.5 (EPT/NON-RI)
23rd Sep 20198:59 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
20th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
20th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
20th Sep 20198:31 amGNWAmerisur Resources Plc
20th Sep 20197:00 amRNSReserves Update
19th Sep 201912:35 pmRNSForm 8.5 (EPT/NON-RI)
19th Sep 20198:59 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
18th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
18th Sep 20199:22 amGNWForm 8.5 (EPT/RI) - Amerisur Resources Plc
17th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
17th Sep 201910:12 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
17th Sep 20199:57 amRNSForm 8.5 (EPT/NON-RI)
16th Sep 20192:46 pmBUSForm 8.3 - Amerisur Resources Plc
16th Sep 201910:44 amRNSForm 8.5 (EPT/NON-RI)
16th Sep 20199:11 amGNWForm 8.5 (EPT/RI)
13th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
13th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
13th Sep 201910:10 amRNSForm 8.5 (EPT/NON-RI)
12th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
12th Sep 201910:16 amRNSForm 8.3 - Amerisur Resources PLC
12th Sep 20197:00 amRNSInterim Results
11th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
11th Sep 201911:55 amRNSForm 8.5 (EPT/NON-RI)
10th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc
9th Sep 20199:07 amGNWForm 8.5 (EPT/RI) - Amerisur Resources plc
6th Sep 201912:44 pmBUSForm 8.3 - Amerisur Resources Plc
6th Sep 201912:07 pmRNSForm 8.5 (EPT/NON-RI)
6th Sep 201912:00 pmRNSForm 8.5 (EPT/RI) - Amerisur Resources plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.