Amerisur Resources PLC Pipeline Update (5693M)

TIDMAMER

RNS Number : 5693M

Amerisur Resources PLC

08 May 2015

08 May 2015

Amerisur Resources Plc

("Amerisur" or the "Company")

Pipeline Update

Amerisur Resources Plc the oil and gas producer and explorer focused on South America, is pleased to announce the approval of the modification to the Platanillo field global exploitation licence for the construction and operation of the Ecuador interconnector oil pipeline. This modification has been approved by the Autoridad Nacional de Licenciamiento Ambiental ("ANLA"), a Division of the Ministry of Environment and Sustainable Development of the Republic of Colombia.

Additionally the ANLA approved the Company's application for the operation of up to two water disposal wells per production Pad. Each well is permitted to dispose of up to 20,000 barrels of water per day into the Tertiary Pepino formation.

Giles Clarke, Chairman of Amerisur commented:

"This approval from the ANLA completes all required Colombian permits for our Ecuador interconnector project and we look forward to completing all arrangements for the Ecuadorian element of the project which are well in hand. I am very grateful for the constructive approach adopted by the authorities in relation to this important bi-national project."

ENDS

ENQUIRIES:

 
Billy Clegg/Georgia Mann        Tel: [phone] 
Camarco 
Jeremy Low/Daniel Conti         Tel: [phone] 
RBC Capital Markets 
Chris Sim                       Tel: [phone] 
Investec 
 

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