Amerisur Resources PLC Platanillo-24 Update (6306T)
09 January 2017 - 6:24PM
UK Regulatory
TIDMAMER
RNS Number : 6306T
Amerisur Resources PLC
09 January 2017
09 January 2017
Amerisur Resources Plc ("Amerisur" or the "Company")
Platanillo-24 Update
Amerisur Resources Plc, the oil and gas producer and explorer
focused on South America, is pleased to announce an update on the
drilling of well Platanillo-24 in Colombia. Platanillo 24 has been
drilled under time and under budget, to a total depth (TD) of
8,485ft measured depth (MD), achieving an offset of 1,275 ft to the
east of Platform 3N.
This well was designed as an infill well on the most northern
developed lobe of the Platanillo field, located between wells
Platanillo 7 and 17. The reservoir section was logged and initial
log analysis indicated the presence of 67.5ft gross, 38ft net oil
column in the U sand formation. The analysis of T sand indicates a
14ft gross and 8ft net oil column. The N sand was not well
developed at this location, in line with the Company's seismic
attributes model. The well is currently being completed for
commercial production from the U sand and it is expected to produce
into the Pad 3N facilities.
Subject to resolution of local social protests, the Company
plans to mobilise the Serinco Rig D-10 to Pad 2N, in order to drill
Platanillo 22, the first appraisal well from Pad 2N, the furthest
north Pad on the Platanillo block.
John Wardle, Chief Executive Officer of Amerisur, commented:
"Platanillo 24 is a good result, the second of our planned
infill wells. The well was drilled to TD in just over 15 days at a
cost of under US$2M. I look forward to successfully initiating
production from the U sand."
In accordance with the AIM Rules - Note for Mining and Oil &
Gas Companies - June 2009, the technical information in this
announcement has been reviewed by John Wardle Ph.D., the Company's
Chief Executive. John Wardle has 31 years' experience in the
industry, having worked for BP, Britoil, Emerald Energy and
Pebercan, and is a trained drilling engineer.
ENDS
Enquiries:
John Wardle/Nick Harrison Tel: +44 (0) 203
Amerisur Resources 757 4980 c/o Billy
Clegg
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
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
producing field. 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-9, Put-12
and Coati. 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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