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Amerisur Resources (AMER)

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Friday 02 March, 2018

Amerisur Resources

Monthly Production, OBA and Operational Update

RNS Number : 4700G
Amerisur Resources PLC
02 March 2018
 

02 March 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 February 2018 (the "Period").  

Production 

·     Total production was 188,984 barrels of oil ("BO") during the Period.

·     Average daily production was 6,749 barrels of oil per day ("bopd") during the Period.

·     Peak daily production was 6,960 bopd during the Period.

 

 

OBA Export

 

·     Total export volume was 151,863 during the Period.

·     Average daily throughput was 5,424 BO during the Period.

·     Peak daily throughput was 5,939 BO during the Period

 

Platanillo

A workover is currently being performed on Platanillo-6 to change the completion of the well, leading to a production deferment of approximately 300 bopd during the last 3 weeks of February. The well is expected to return to production in the second week of March.

Chiritza Re-Pumping Station Project

The project continues on programme for delivery in October 2018.

These data will vary month on month as development, appraisal and exploration operations continue, and also due to the factors involved in operating in the Putumayo region of Colombia.  These factors include inclement weather, social issues with drilling and oil transportation and planned and unplanned shut downs for technical works undertaken among others.  The 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

Amerisur Resources

 

Tel: +44 (0)330 333 8246

Billy Clegg/Georgia Edmonds

Tel: +44 (0)203 757 4980

Camarco

 


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

 


 

 

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 approximately 7,000 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 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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