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Amerisur Resources PLC  -  AMER   

Monthly Production and OBA Throughput Update

Released 07:00 09-Mar-2017

RNS Number : 9249Y
Amerisur Resources PLC
09 March 2017

March 9 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 February 2017 (the "Period").


·     Total production was 119,334 barrels of oil ("BO") during the Period.

·     Average daily production was 4,262 barrels of oil per day ("bopd") during the Period.

·     Peak daily production was 4,337 bopd during the Period.


OBA Export


·     Total export volume was 99,503 BO during the Period.

·     Average daily throughput was 3,554 bopd during the Period.

·     Peak daily throughput was 4,011 bopd during the Period.


Since 1 March OBA export volumes have averaged 4,113 BOPD, reflecting growing efficiency within the transport system. The Company continues with the negotiation of the construction of the re-pumping station Chiritza with Petroamazonas EP and the engineering studies of the Victor Hugo Ruales export system and other downstream opportunities, aimed at enhancing throughput capacity.

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.




Nick Harrison, CFO

Amerisur Resources


Tel: +44 (0)330 333 8246

Billy Clegg/Georgia Edmonds

Tel: +44 (0)203 757 4980



Callum Stewart/Ashton Clanfield

Stifel Nicolaus Europe Limited

Tel: +44 (0)20 7710 7600

Chris Sim/George Price

Tel: +44 (0)207 597 4000


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 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 4,200 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. 



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Monthly Production and OBA Throughput Update - RNS