13th Feb 2014 12:12
LONDON (Alliance News) - Amerisur Resources PLC Thursday said it has placed the Platanillo-16 well in Colombia on commercial production after it achieved good flow rates in tests.
The oil and gas producer said Platanillo-16 has become its 11th successful well in the current Colombian campaign, having shown good test flow rates at 320 barrels of oil per day, strengthening the company's field model.
Amerisur also said that the Platanillo-17 well at the site, which will be drilled to 2,178 feet, has been put onto test production.
The company also said it has made good progress on its Ecuador pipeline project in environmental, technical and commercial terms, while the San Pedro 2D seismic acquisition programme in Paraguay is proceeding.
Amerisur shares were down 1.3% to 57.25 pence Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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