Inactive Instrument

Amerisur Resources plc

Equities

GB0032087826

Amerisur Resources Announces Unaudited Consolidated Earnings and Production Results for the Six Months Ended June 30, 2017; Provides Production Guidance for the Full Year 2017

September 25, 2017 at 02:00 am EDT

Amerisur Resources announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period the company announced revenue of USD 38,155,000 compared to USD 24,410,000 a year ago. Operating loss was USD 846,000 compared to USD 7,172,000 a year ago. Loss before tax was USD 1,561,000 compared to USD 6,755,000 a year ago. Loss after capital taxes was USD 1,830,000 compared to USD 7,451,000 a year ago. Loss for the period attributable to the equity holders of the parent was USD 2,291,000 compared to USD 7,691,000 a year ago. Basic and diluted loss per share was 0.19 cents compared to 0.69 cents a year ago. Net cash used in operating activities was USD 7,761,000 compared to USD 2,965,000 a year ago. Payments for property, plant and equipment was USD 12,455,000 compared with USD 8,112,000 a year ago. Expenditure on exploration and evaluation assets was USD 3,547,000 compared with USD 18,296,000 a year ago. Adjusted EBITDA was USD 7.6 million, up 986% from USD 0.7 million a year ago.

The company reported average daily production of 4,475 BOPD, representing a 69% increase on the same period in 2016 and 46% increase over Fiscal Year 2016. Peak daily production in the six-month period was 5,280 barrels.

The company announced that average production guidance for the full year revised to approximately 5,000 BOPD, as a result of social issues in the Putumayo region which have now largely been resolved.

Latest news about Amerisur Resources plc

GeoPark Colombia S.A. completed the acquisition of Amerisur Resources plc from Michinoko Limited, Canaccord Genuity Limited, Amerisur Directors and others.	20-01-15	CI
Canada's Parex, Ecopetrol among winners in Colombia oil round	19-12-05	RE
Amerisur Resources plc cancelled the acquisition of 85% stake in the Mecaya Block from Petex Offshore, Inc. and Mecaya Oil and Gas Ltd.	19-11-20	CI
GeoPark Colombia S.A. entered into an agreement to acquire Amerisur Resources plc from Michinoko Limited, Canaccord Genuity Limited, Amerisur Directors and others for approximately £230 million.	19-11-14	CI
Amerisur Resources plc Reports Production Results for the Half Year Ended June 30, 2019; Provides Production Guidance for Financial Year 2019	19-09-12	CI
Amerisur Resources plc Reports Earnings Results for the Half Year Ended June 30, 2019	19-09-12	CI
Amerisur Resources Is In Talks With Potential Buyers To Participate In Formal Sale Process	19-08-09	CI
Amerisur Resources : Oil company Amerisur snubs bid overture from French rival Maurel & Prom	19-07-22	RE
Etablissements Maurel & Prom S.A. cancelled the acquisition of Amerisur Resources plc for approximately $200 million.	19-07-21	CI
Occidental Petroleum : Amerisur Resources explores sale, gets non-binding proposal	19-07-19	RE
Amerisur Resources Considers Strategic Alternatives	19-07-19	CI
Occidental Andina, LLC acquired 50% interest in the Put-8 exploration licence in the Putumayo region of Colombia from Amerisur Resources plc for $19.1 million.	19-06-16	CI
Colombia's National Hydrocarbons Agency Approves Farmout Agreement Between Amerisur Resources and Occidental Andina	19-06-11	CI
Amerisur Resources : Occidental enters four oil blocks in southern Colombia - ANH	19-06-11	RE
Amerisur Resources plc Announces Demise of Dana Coffield, Non-Executive Director	19-04-23	CI
Amerisur Resources plc Reports Earnings Results for the Full Year Ended December 31, 2018	19-04-09	CI
Amerisur Resources plc completed the acquisition of the remaining 50% working interest in Put-8 Block from Vetra Exploración y Producción Colombia S.A.	19-04-03	CI
Amerisur Resources plc agreed to acquire the remaining 50% working interest in Put-8 Block from Vetra Exploración y Producción Colombia S.A. for $19.1 million.	19-03-19	CI
Amerisur Resources plc Announces the Spudding of Calao-1X, an Exploration Well on the CPO-5 Block Using Rig E-2029	19-02-04	CI
Amerisur Resources Plc Provides Reserves, Operational and Production Update, for Its Two Core Regions of Colombia	19-01-22	CI
Amerisur Resources Plc, Provides an Operational Update Regarding the Initial Short Term Testing at the Indico-1 Well on the CPO-5 Block and Upcoming CPO-5 Drilling Program	19-01-02	CI
Amerisur Resources Plc Confirms Retirement of Douglas Ellenor as Non-Executive Director	18-12-31	CI
Amerisur Resources plc Announces Board Changes	18-12-27	CI
Amerisur Resources plc Announces Oil Discovery at Indico-1	18-12-10	CI
Amerisur Resources Signs USD 93.25 Million Farm-Out Agreement with Occidental Andina	18-11-23	CI

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Company Profile

Amerisur Resources plc is an independent full-cycle oil and gas company. The Company's principal activity is investing in oil and gas exploration and development in South America, principally in Paraguay and Colombia. It operates through oil exploration and development segment. It operates in Colombia, Paraguay and the United Kingdom. In Colombia, it is an operator and has interest in the Platanillo block, which includes the Platanillo field, an approximately 11,341-hectare block located in the Putumayo Basin. It has interests in block Put-12, which is adjacent to Platanillo. It also has interest in Put-30, an approximately 38,514-hectare block. In addition, the Company has an interest in the CPO-5 contract, located in the Llanos basin and a working interest in the Tacacho contract, located in the Caguan-Putumayo basin. In Paraguay, it owns over 5.2 million hectares covering approximately five oil and gas permits in the Paraguayan part of the Chaco and Parana Basins.

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