Amerisur Resources PLC CPO-5 Update (8820U)
October 27 2017 - 9:51AM
UK Regulatory
TIDMAMER
RNS Number : 8820U
Amerisur Resources PLC
27 October 2017
27 October 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
CPO-5 Update
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to provide an update on CPO-5,
in which the Company has a 30% (non-operated) working interest.
The operator of the Mariposa discovery in the CPO-5 block has
informed the Company that the equipment to initiate the Long Term
Test (LTT) of the Mariposa-1 well is now on location and the
function testing is 95% complete. The LTT will commence after the
inspection visit by the National Hydrocarbons Agency (ANH) to
approve the facilities, which is currently scheduled for 12
November 2017. The LTT is expected to commence shortly after
approval has been received.
ENDS
Enquiries:
Nick Harrison, CFO Tel: +44 (0)330
Amerisur Resources 333 8246
Billy Clegg/Georgia Edmonds Tel: +44 (0)203
757 4980
Camarco
Callum Stewart/Nicholas Tel: +44 (0)20
Rhodes/Ashton Clanfield 7710 7600
Stifel Nicolaus Europe
Limited
Chris Sim/George Price Tel: +44 (0)207
597 4000
Investec
Darrell Uden/Marcus Jackson Tel: +44 (0)207
RBC Capital Markets 653 4000
Inside Information
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.
Important notice
Forward looking statements and dates referenced in this
announcement, in relation to Amerisur's production, development and
exploration assets, are estimates and subject to change. Oil and
gas operations are subject to varying inputs that may impact
timing, including, inter alia, permitting; environmental
regulation; changes to regulators and regulation; third party
manufacturers and service providers, social issues and the weather.
The Company's estimates of timing for forward looking operations
are based on the best information it has to hand at the time,
however these timings may change with little or no notice to the
Company. The Company will update the market as and when it becomes
aware of a material change to any of the operations or timings
referenced in this announcement.
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 6,400 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. Additionally, the
Company holds a 100% working interest in contract Put-9, 100% of
Tacacho and 100% of Terecay acquired from Talisman and Pacific.
These acquisitions have now been approved by ANH. It has a diverse
portfolio of longer term exploration assets.
www.amerisurresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMRBITMBATBMR
(END) Dow Jones Newswires
October 27, 2017 10:51 ET (14:51 GMT)
Amerisur Resources (LSE:AMER)
Historical Stock Chart
From Apr 2024 to May 2024
Amerisur Resources (LSE:AMER)
Historical Stock Chart
From May 2023 to May 2024