Amerisur Resources Plc ('Amerisur'), the oil and gas explorer and developer focused on South America, is pleased to announce that Platanillo-1 has been spudded.
Platanillo-1 is located in the Putumayo Basin and drilling operations for the consecutive two wells within this area remain on schedule. The Platanillo-1 well will be drilled to a total measured depth of approximately 8,413 feet, over a period of 30 days. This well is located 2,200m from the existing discovery well, Alea-1 and will penetrate the 'P50' contour of the structure map generated from seismic data. Platanillo-1 is classed as an A2b (Lahee classification) exploration well, and as such the objective is to ascertain the presence of reserves at a position structurally deeper than Alea-1. Should the well encounter hydrocarbons, initial testing is planned to last for 10 to 15 days.
The drilling rig will subsequently drill the next well, Platanillo-2, of which the location depends upon the results observed in Platanillo-1.
The re-entry programme for Alea-1 is on schedule as previously announced.
Amerisur Resources Plc holds a 25% working interest in this block under the Platanillo E&P Contract with the Colombian National Hydrocarbons Agency (ANH). Repsol YPF holds 35% and Ecopetrol S.A.(40%)is the operator.
Dr John Wardle, Amerisur's Chief Executive Officer commented:
'This spudding marks the start of the programme to investigate and subsequently exploit the Platanillo contract area. We look forward to results from these wells.'
