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Our History

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Key events in Amerisur Resources’ journey to becoming a cash generative producer are summarised below.

 

2017

• Mariposa-1 discovery on CPO-5 successfully drilled and flowed at a stabilised rate of 4,601 BOPD

• Asset acquisitions made in Caguan-Putumayo Basin (additional 60% Put-9, 58% Mecaya, 100% Terecay, additional 50.5% Tacacho)

• Platanillo-22 drilled from Pad 2N. Management estimate the structure being drilled from Pad 2N is capable of delivering up to 7.82MMBO of recoverable reserves

• Platanillo 24 successfully drilled and placed on commercial production at a rate of approximately 420 BOPD

• Dana Coffield appointed as an Independent Non-Executive Director

• Alex Snow appointed as Senior Independent Non-Executive Director

 

2016

• As at 31st December 2016, certified 1P gross field reserves were 15.11MMBO after production of 1.13MMBO during the period. 2P gross field reserves were 24.47MMBO

• Chris Jenkins appointed to the Board as a Non-Executive Director

• Successfully drilled Jaguarete-1 well in Paraguay and the infill well at Platanillo 8

• Successfully acquired Platino Energy (Barbados) Ltd from COG Energy for a total consideration of US$7 million

• Successful placing of new ordinary shares of 0.1 pence each in the Company to raise net proceeds of approximately US$35 million

• Drilling commenced on well Platanillo 24

 

2015

• Successfully acquired Petro Dorado South America SA Assets, which include a 30% working interest in the CPO-5 (ONGC Videsh Ltd holds a 70% working interest) and a 49.5% working interest in the Tacacho contract (Pacific Stratus Energy holds 50.5%)

• Loto-2 was drilled to a total depth of 10,320 ft MD, and a liner run and cemented. Two zones within the Mirador formation, L1 and L3 were tested, where electric log analysis indicated the existence of 54ft net pay

• Stephen Foss appointed to the Board as a Senior Independent Non-Executive Director

 

2014

• Successfully drilled Platanillo 7,17,16,15,18 and 20

• Platanillo-20 produced light oil from the T sand, confirming it as a separate oil reservoir and demonstrating future upside at Platanillo

• Joint venture agreement signed with Talisman Colombia, 50% each for Put-30

 

2013

• Successfully re-entered and side-tracked Platanillo 1, 2 and Alea-1

• Successfully drilled Platanillo 10, 11, 12, 14

 

2012

• Successfully drilled Platanillo 3, 4, 5, 9 and 6

• Successfully completed a placing of £26.5million

• Acquired a 60% working interest  and Operatorship of Put-12

 

2011

• Acquired two new licences within the Piriti and Pilar sedimentary basins in Paraguay

• Commercial agreement reached with Reto Petroleum Limited Columbian Branch to develop the Fenix Block together

 

2010

• Successfully drilled Isabel-1 in the Fenix block

• Extended the Platanillo exploration area

• Successfully completed a placing of £13.7 million

 

2009

• Acquired 100% interest in Platanillo block, in line with strategy of gaining controlling interest in prospects

• Commerciality declared in Platanillo with Alea 1 and Platanillo 2 in production- 24 year term with option to extend

• Successfully drilled Iguasa-1 in the Fenix block

• Acquired 100% interest in two Paraguayan blocks – San Pedro and Curupayty

 

2008

• Appointed Operator of the Platanillo block

• Drilled Platanillo 1 and 2

 

2007

• Amerisur Resources was created in 2007 out of a shell listed Company on the London Stock Exchange

• Board strengthened with the appointment of Giles Clarke as Chairman, John Wardle as Chief Executive Officer and Nick Harrison as Finance Director

• Company name changed to Amerisur Resources to reflect its area of interest

 

2005

• Company enters Colombia through a farm-in agreement with Repsol to appraise & develop the Alea discovery in the Putumayo Basin

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