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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Amerisur Resources plc    AMER   GB0032087826

AMERISUR RESOURCES PLC

(AMER)
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Delayed Quote. Delayed London Stock Exchange - 06/14 11:35:08 am
12.18 GBp   +1.33%
06/11AMERISUR RESOURCES : Occidental enters four oil blocks in southern Colombia - ANH
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Amerisur Resources : Occidental enters four oil blocks in southern Colombia - ANH

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06/11/2019 | 03:57pm EDT
The Occidental Petroleum Corp headquarters in Los Angeles

BOGOTA (Reuters) - U.S.-based oil company Occidental Petroleum Corp has partnered with Amerisur Resources Plc on four exploration and production blocks in southern Colombia, near the border with Ecuador, the National Hydrocarbons Agency (ANH) said on Tuesday.

The Tacacho, Terecay, PUT-9 and Mecaya blocks are in the jungle region of Putumayo, one of the provinces with the greatest potential for oil discovery.    

Amerisur, which will continue as operator of the blocks, ceded 50% of its participation in the blocks to Occidental, the ANH said.    

"These are four very important blocks in Putumayo, a very prospective area of ​​the country that's developing in leaps and bounds," ANH President Luis Miguel Morelli said in a statement.    

The extension of the four blocks exceeds 554,000 hectares, the statement said.    

Colombia has proven reserves of almost 2 billion barrels, equivalent to 6.2 years of consumption, with a current average production of 865,000 barrels per day.    

The South American country is seeking to increase reserves to at least 10 years of consumption by offering areas for exploration, allowing companies to apply to explore in blocks of interest and making contracts more flexible.

(Reporting by Luis Jaime Acosta; Writing by Helen Murphy; Editing by Richard Chang)

Stocks mentioned in the article
ChangeLast1st jan.
AMERISUR RESOURCES PLC 1.33% 12.18 Delayed Quote.-20.70%
OCCIDENTAL PETROLEUM CORPORATION -0.84% 49.31 Delayed Quote.-19.66%
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Financials ($)
Sales 2019 114 M
EBIT 2019 21,7 M
Net income 2019 29,7 M
Finance 2019 24,8 M
Yield 2019 -
P/E ratio 2019 21,43
P/E ratio 2020 12,20
EV / Sales 2019 1,38x
EV / Sales 2020 1,03x
Capitalization 182 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 0,30 $
Spread / Average Target 98%
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Managers
NameTitle
John Wardle Chief Executive Officer & Executive Director
Charles Giles Clarke Chairman
John Nicholas Harrison Finance Director
Christopher Jenkins Independent Non-Executive Director
Dana Coffield Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
AMERISUR RESOURCES PLC-20.70%192
CNOOC LTD1.48%72 416
CONOCOPHILLIPS-5.66%67 155
EOG RESOURCES INC.-2.34%48 138
OCCIDENTAL PETROLEUM CORPORATION-18.98%36 885
ANADARKO PETROLEUM59.28%35 163