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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Amerisur Resources Plc | LSE:AMER | London | Ordinary Share | GB0032087826 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.18 | 19.18 | 19.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON--Amerisur Resources PLC (AMER.LN) said Thursday it has acquired certain assets in the Caguan-Putumayo basin, Colombia, from Meta Petroleum Corporation and Pacific Stratus Energy Colombia Corporation for $4.9 million.
The oil and gas producer and explorer focused on South America, said the working interests acquired are 60% in the Put-9 contract area, 58% in the Mecaya contract area, 100% in the Terecay contract area and 50.5% in the Tacacho contract area.
The consideration for the acquisitions was paid in cash from existing resources, Amerisur said. Additionally a 2% overriding royalty interest will be payable to Pacific Exploration and Production in respect to Amerisur net production from the Terecay block and a 1.2% overriding royalty interest on net production from the Put-9 block, it said.
Meta Petroleum Corporation and Pacific Stratus Energy Colombia Corporation are owned by Pacific Exploration and Production.
The acquisition is subject to Agencia Nacional de Hidrocarburos approval.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
March 16, 2017 04:13 ET (08:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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