2008 •  Currently constructing facilities at Platanillo in order to commence simultaneous production testing of the wells Alea-1 and Platanillo-2. •  Appointed as Operator of the Platanillo contract, leading to greater operational flexibility and a reduced cost base. •  Dr Douglas Ellenor appointed as Non-Executive Director. 2007 •  Acquired an additional 35% interest in the Fénix block through control of the holding company to gain 100% economic benefit of the Fenix block. •  Acquired and processed 103km2 of new 3D seismic data on the Fénix block. •  Well Alea 1 successfully re-entered and placed on test production. •  Platanillo 1 and 2 drilled on time and within budget. Two new zones tested oil in the Platanillo-2 well. •  Company raised £16.9m and £1.9m through two share placings to enable new management team to implement a new strategy focused on advancing projects that are expected to provide near term value for shareholders. •  Company changed name to Amerisur Resources plc to reflect area of focus. •  Strengthened Board through significant changes. Appointed Giles Clarke as Chairman, Dick van den Broek as Deputy Chairman (now retired), John Wardle as Chief Executive Officer and Nick Harrison as Finance Director. Graeme Stephens became Non-Executive Director (previously Technical Director). Previously •  Company entered Colombia for the first time in October 2005 through a farm-in agreement with Repsol to appraise & develop the Alea discovery in the Putumayo Basin. •  Chaco Resources changed its name from Gold Mines of Sardinia following the sale of its Sardinian Gold Mine interests.