Amerisur completes latest Colombia well under time and budget
9th Jan 2017 15:29
(ShareCast News) - South America-focused oil and gas producer and explorer Amerisur Resources announced an update on the drilling of well Platanillo-24 in Colombia on Monday. The AIM-traded firm said Platanillo 24 was drilled under time and under budget, to a total depth of 8,485ft measured depth, a
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreAmerisur Resources buys stakes in Colombia oil sites
20th Dec 2016 08:03
(ShareCast News) - AIM-listed oil and gas explorer Amerisur Resources has bought the remaining 50% stake in an oil block and a new working interest in a Colombia site from Talisman Colombia Oil & Gas, for an undisclosed fee. The company is to buy the remaining 50% interest in the Put 30 contract are
Read moreAmerisur Resources confirms OBA pipeline operational
27th Oct 2016 14:22
(ShareCast News) - South America-focused oil and gas producer and explorer Amerisur Resources announced on Thursday that the regulatory agency of Ecuador, ARCH, has issued a decree to Petroamazonas EP for the operation of the OBA system in Ecuador. The AIM-traded firm said that as a result, transpor
Read moreAmerisur revenue slips and loss widens in first half
15th Sep 2016 14:29
(ShareCast News) - South America-focused oil and gas producer and explorer Amerisur Resources announced its interim results for the six months to 30 June on Thursday, with revenue of $24.4m down significantly from $40.3m in the first half of the prior year. The AIM-traded firm reported operating cas
Read moreAmerisur modified farmout agreement at Coati
17th Jun 2016 11:35
(ShareCast News) - Oil and gas producer and explorer Amerisur Resources updated the market on its Coati contract area in Colombia on Friday, announcing the signing of a modification of the farmout agreement with Canacol Energy. The AIM-traded firm said the modification increases the farm in particip
Read moreTuesday newspaper round-up: HSBC, Brexit polls, Alliance Trust
31st May 2016 07:05
(ShareCast News) - HSBC's Stuart Gulliver is the European bank chief executive who investors would most like to be replaced, according to a recent poll of large shareholders. When 74 institutional investors were polled by Autonomous Research and asked to each name three banks in Europe "most in need
Read moreAmerisur Resources swings to loss in 2015
7th Apr 2016 15:34
(ShareCast News) - South America-focused oil and gas explorer and producer Amerisur Resources swung to a loss on Thursday, with the company claiming strength as it published its results for the 2015 calendar year. The AIM-traded firm reported revenue of $61m for the year, down from $199m in 2014. It
Read moreAmerisur shares down after quick-fire placing
9th Mar 2016 15:19
(ShareCast News) - Amerisur Resources had a bit more cash in its pocket on Wednesday, having completed a quick-fire placing it had announced first thing. The AIM-traded oil and gas producer said a total of 106 million new ordinary shares of 0.1p each had been placed by Stifel, Investec and RBC at a
Read moreAmerisur makes good progress on Colombia-to-Ecuador oil pipeline
18th Feb 2016 16:19
(ShareCast News) - Amerisur Resources was making good progress on its Colombia-to-Ecuador oil pipeline system on Thursday, as it updated the market on the Oleoducto Binacional Amerisur (OBA). Its aim was to connect the Plantillo (Colombia) and Victor Hugo Ruales (VHR, Ecuador) oilfields. The AIM-tr
Read moreTullow Oil drops as Investec reviews UK oil & gas stocks
15th Jul 2015 11:33
(ShareCast News) - Investec downgraded four UK oil and gas stocks and upgraded one as it took a look at the sector. Investec downgraded Tullow Oil to 'sell' from 'hold' and slashed its price target to 170p from 385p. Put simply, it said you'd have to believe in significantly higher oil prices or M&A
Read moreAmerisur Resources buys Petro Dorado South America
29th Jun 2015 11:52
Amerisur Resources announced the acquisition of Petro Dorado South America SA, a subsidiary of Petro Dorado Energy for a total payment of $6m. The oil and gas exploration and production company said the payments will be made in three instalment, with $3m upon closing, and two further instalment of $
Read moreAmerisur Resources shares surge on oil export deal
12th Jun 2015 08:14
Shares in Amerisur Resources rose almost 10% early on Friday, after oil and gas explorer signed a deal that will link the company's Colombian project to the oil export network. The company said work on the project will be carried out by Petroamazonas, which runs the Amazonas pipeline network, and th
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreAmerisur Resources on the rise after impressive year
22nd Apr 2014 12:50
Revenues soared fourfold in 2013 at Amerisur Resources as production ramped up at its Platanillo field in Colombia. The AIM-listed company enjoyed a 100% success rate as it drilled six commercial wells during the period to bring the total of to ten wells and three successful sidetracks in Platanil
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