Amerisur Resources plc reports unaudited consolidated earnings and production results for the half year ended June 30, 2018. For the period, revenue was $67.9 million against $35.1 million a year ago. Operating profit was $12.8 million against loss of $0.8 million a year ago. Profit before tax was $12.5 million against loss of $1.6 million a year ago. Profit attributable to equity holders of the parent was $10.81 million against loss of $2.29 million a year ago. Diluted EPS was 0.88 cents against loss of 0.19 cents per basic and diluted share a year ago. Adjusted EBITDA was $24.3 million against $7.6 million a year ago. Net cash from operating activities was $12.5 million against $7.8 million a year ago. Expenditure on property, plant and equipment was $3.66 million against $12.455 million a year ago. Expenditure on exploration and evaluation assets was $0.984 million against $8.597 million a year ago.

First half 2018 average production increased 33% to 5,959 BOPD, with an average realised price per barrel of $64.2 (compared to $47.2 in first half of 2017). First half 2018 OBA throughput average was 4,987 BOPD

The Company expects exploration and development expenditure on these wells to be around $61 million in 2018 and 2019, split $29 million in 2018 and $32 million up to the end of third quarter of 2019.