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Amerisur Resources Awarded Block PUT-36 in Colombia

Source: www.gulfoilandgas.com 11/27/2019, Location: South America

Amerisur Resources Plc (Amerisur), the oil and gas producer and explorer focused onshore Colombia (AMER), announces a portfolio update.

The ANH announced that as part of the Proceso Permanente de Asignacion de Areas 2019 round Amerisur Resources was awarded Block PUT-36. The company holds a 100% working interest in the block that covers approximately 59,902 hectares and lies within the Putumayo basin, immediately north of the 50% owned Mecaya Block. The work commitments in the first phase (over 36 months) include acquisition of 3D seismic and two exploration wells with a minimum spend of $26m.

John Wardle, CEO of Amerisur Resources said:

"We are pleased to secure acreage that expands our strategic position in the Putumayo Basin, onshore southern Colombia".

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Technical information in this announcement has been reviewed by John Wardle Ph.D., the Company's Chief Executive. John Wardle has 33 years' experience in the industry, having worked for BP, Britoil, Emerald Energy and Pebercan, and is a trained drilling engineer.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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