Amerisur Resources PLC Monthly Production and OBA Throughput Update (7435H)

TIDMAMER

RNS Number : 7435H

Amerisur Resources PLC

12 June 2017

June 12 2017

Amerisur Resources Plc ("Amerisur" or the "Company")

Monthly Production and OBA Throughput 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 May 2017 (the "Period").

Production

   --     Total production was 148,544 barrels of oil ("BO") during the Period. 
   --     Average daily production was 4,792 barrels of oil per day ("bopd") during the Period. 
   --     Peak daily production was 5,163 bopd during the Period. 

OBA Export

   --     Total export volume was 132,258 BO during the Period. 
   --     Average daily throughput was 4,266 bopd during the Period. 
   --     Peak daily throughput was 5,017 bopd during the Period. 

OBA throughput in May was affected by planned and unplanned maintenance of the RODA system. These works have been largely completed and the Company expects to return to daily volumes of the order of 5,000 BOPD throughput in the coming weeks. Platanillo field production was also affected by planned maintenance of certain wells. These operations are complete except for the workover of Platanillo-12, which has commenced.

This 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. 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 5,100 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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June 12, 2017 02:00 ET (06:00 GMT)