Amerisur Resources PLC Monthly Production, OBA and Operations Update (1315K)
July 05 2017 - 1:00AM
UK Regulatory
TIDMAMER
RNS Number : 1315K
Amerisur Resources PLC
05 July 2017
5 July 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Monthly Production, OBA Throughput and Operations 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 June 2017 (the "Period").
Production
-- Total production was 137.267 barrels of oil ("BO") during the Period.
-- Average daily production was 4.576 barrels of oil per day ("bopd") during the Period.
-- Peak daily production was 5.109 bopd during the Period.
-- Current production is approximately 6,075 bopd.
OBA Export
-- Total export volume was 125.386 BO during the Period.
-- Average daily throughput was 4.180 bopd during the Period.
-- Peak daily throughput was 4.518 bopd during the Period.
Average production volumes were slightly down over the previous
period, due to some well down time while well treatments and
reconfigurations were executed. These operations were very
successful, leading to current production in excess of 6,000
bopd.
In Platanillo-21, the second well on Pad 2N, a leak in the
primary cement job was detected and that well is currently being
recompleted after a cement squeeze was performed and is expected to
be placed on production in the next week, thus further raising
production levels.
The drilling of Platanillo-25, the third well on Pad 2N will
commence once the recompletion of Platanillo-21 is finalised.
OBA throughput was reduced below contractual levels due to
equipment maintenance activities in the RODA system of Ecuador. It
is expected these will be completed shortly.
Production volumes are in excess of current OBA export capacity;
excess production is currently in storage in field. The Company
holds various options for sale of this crude within Colombia as and
when required.
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 Tel: +44 (0)330
Amerisur Resources 333 8246
Billy Clegg/Georgia Tel: +44 (0)203
Edmonds 757 4980
Camarco
Callum Stewart/Ashton Tel: +44 (0)20
Clanfield 7710 7600
Stifel Nicolaus Europe
Limited
Chris Sim/George Price Tel: +44 (0)207
597 4000
Investec
Darrell Uden/Marcus Tel: +44 (0)207
Jackson 653 4000
RBC Capital Markets
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 6,075 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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