Our History

Posted in About

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



• Increase in 1P reserves (+27.8%) to 17.82 MMBO and 2P reserves (+23.6%) to 25.59 MMBO due to drilling success at CPO-5

• 50% WI in PUT-8 acquired for USD$19.1m, taking total WI to 100%

• Optimisation of production across Platanillo, including the Lower U Sand perforated at Platanillo-8

• The Mariposa structure declared a commercial discovery by the ANH



• Oil discovered at Indico-1X prospect on CPO-5 in the Llanos basin

• $93.25m farm-out signed with Occidental Andina, across Putumayo-9, Terecay, Tacacho and Mecaya* which accelerates the Company’s work programme and significantly reduces its future capex requirements

∘ For a 50% interest in each block, Occidental Andina will fund a $93.25m exploration and appraisal program between 2019-2021

∘ Occidental Andina will fund 85% of the total planned 2D seismic cost expenditure of US$65,000,000 and 100% of the US$38,000,000 planned drilling program

∘ There will be a dedicated transport capacity in the OBA for the transport of oil from the Farm-out Blocks, with a commercial tariff charged for Occidental Andina's share

• Acquisition of outstanding interest in Mecaya, bringing the Company to 100% working interest holder and Operator from 58% effective economic interest

• Chiritza pumping station commissioned on time and budget in November, increasing our minimum OBA throughput to 9,000 bopd

• Pintadillo-1 well spudded in August - N Sands dry, but potentially commercial hydrocarbon bearing reservoir confirmed in the T and U sands. Flow testing of the T and U sands to commence shortly as of September

• Acquired a 100% working interest* in the Putumayo block from Gulfsands Petroleum in July

• In March, the Company made its first complete tanker loading from Esmeraldas, in Ecuador, loading 350,000 BO, which was sold to Shell for $20.9m

• Entered into a $35m working capital facility with Shell Western Supply and Trading Limited

• Two million barrels of oil transported through the OBA, generating savings of $20m in 15 months of operation

*Subject to ANH approval



• Successfully delivered exit rate target in excess of 7,000 bopd

• Platanillo-27 successfully drilled to 9,600ft in December

• Mariposa-1 discovery on CPO-5 successfully drilled and commenced production in November

• Platanillo-25 successfully side tracked to 8,620ft in October

• Platanillo-21 placed on commercial production in September

• 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



• 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



• 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



• 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



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

• Successfully drilled Platanillo 10, 11, 12, 14



• 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



• 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



• Successfully drilled Isabel-1 in the Fenix block

• Extended the Platanillo exploration area

• Successfully completed a placing of £13.7 million



• 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



• Appointed Operator of the Platanillo block

• Drilled Platanillo 1 and 2



• 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



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

Full Reviw on best bokmaker - Ladbrokes Ladbrokes full information

Amerisur Resources PLC   © 2018

Downlaod Premium Themes