4 Apr 2018 07:00
4 April 2018
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production, OBA Throughput and Operational Update
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide unaudited production from the Company's two producing fields, the Platanillo Field and the Mariposa-1 Long Term Test (LTT), and provide OBA throughput data for the month of March 2018 (the "Period").
Production
· Total production was 200,772.4 barrels of oil ("BO") during the Period.
· Average daily production was 6,476.5 barrels of oil ("bopd") during the Period.
· Peak daily production was 6,647.5 bopd during the Period.
OBA Export
· Total export volume was 171,888.6 during the Period.
· Average daily throughput was 5,544.8 BO during the Period.
· Peak daily throughput was 5,809.2 BO during the Period
John Wardle, CEO of Amerisur said:
"Platanillo production was reduced somewhat this last month due to the ongoing workover and cleaning treatments we are applying to selected wells in the field. These works are programmed to complete during April. Mariposa-1 continues to produce at a stable rate."
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/Nicholas Rhodes/Ashton Clanfield Stifel Nicolaus Europe Limited | Tel: +44 (0)20 7710 7600 | |
Chris Sim/George Price | Tel: +44 (0)207 597 4000 | |
Investec | ||
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 two fields in 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 producing field in the Putumayo basin, and holds a 30% non-operated working interest in the CPO-5 block containing the Mariposa-1 producing field in the Llanos basin. Amerisur is currently producing 6,500 bopd.
Amerisur has a strong position in the Putumayo basin and has a cluster of near term activity assets around the OBA export line.
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
AMER.L (AMER)