Amerisur to Drill Second Platanillo Well after Promising Results

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announced an update on the well Platanillo-3 in the Platanillo Field, Colombia, the first of a planned six well drilling campaign.

The well has successfully reached total depth at 8,250 feet and has been logged, cased and cemented.

Drill Stem Testing equipment has been mobilized and is being rigged up to perform production tests. The surface equipment on location has also been constructed and commissioned.

The reservoir sections encountered in the well are currently being studied to determine which zones will be tested. Encouragingly, the Lower "U" formation was encountered 33 feet higher than the next highest well in the field, in line with the 3D seismic model, indicating the potential for an increased oil column.

The Company expects to perform flow tests within the next week, and will announce results once they have been analyzed.

Given the promising indications from Platanillo-3 the Company plans to skid the Serinco Rig D-10 and drill the second well of the current program from the same location (Platform 9), deviating the well to an offset of approximately 2,297 feet (700 meters) from Platanillo-3.


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