Amerisur Resources Maintains 2019 Production Guidance

Date : 06/11/2019 @ 10:06AM
Source : Dow Jones News
Stock : Occidental Petroleum Corp. (OXY)
Quote : 51.63  -0.09 (-0.17%) @ 12:43AM

Amerisur Resources Maintains 2019 Production Guidance

Amerisur Resources (LSE:AMER)
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2 Months : From May 2019 to Jul 2019

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By Anthony O. Goriainoff

 

Amerisur Resources PLC (AMER.LN) said Tuesday that year-to-date production to the end of May averaged 5,300 barrels of oil a day and that it maintains its full-year production guidance.

The South America-focused oil-and-gas company said that guidance of 5,000 barrels of oil a day to 6,000 barrels of oil a day doesn't include any contribution from exploration drilling.

The company added that following the successful infill well at Platanillo, its current working interest production is over 6,800 barrels of oil a day.

Amerisur added that it has been granted exploration approval on the Putumayo region farm-out agreement with Occidental Andina LLC, an affiliate of Occidental Petroleum Corp. (OXY), by Colombia's Agencia Nacional de Hidrocarburos.

Shares at 0815 were up 0.32 pence, or 2.7%, at 12.18 pence.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

June 11, 2019 04:51 ET (08:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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