Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last 33.50 GBp
Change Today -0.25 / -0.74%
Volume 5.0M
AMER On Other Exchanges
Symbol
Exchange
London
OTC US
Frankfurt
As of 11:35 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

amerisur resources plc (AMER) Snapshot

Open
33.75 GBp
Previous Close
33.75 GBp
Day High
34.00 GBp
Day Low
32.25 GBp
52 Week High
08/26/14 - 67.25 GBp
52 Week Low
04/2/15 - 19.50 GBp
Market Cap
355.8M
Average Volume 10 Days
4.2M
EPS TTM
0.03 GBp
Shares Outstanding
1.1B
EX-Date
--
P/E TM
19.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERISUR RESOURCES PLC (AMER)

Related News

No related news articles were found.

amerisur resources plc (AMER) Related Businessweek News

No Related Businessweek News Found

amerisur resources plc (AMER) Details

Amerisur Resources plc, an independent oil and gas company, explores and develops oil and gas properties in South America, principally in Paraguay and Colombia. The company holds a 100% working interest in the Platanillo block covering an area of approximately 11,048 hectares in the Putumayo Basin, in the south of Colombia; 60% working interest in the Putumayo-12 block covering an area of 54,444 hectares adjacent to the Platanillo block; 50% working interest in Put-30 block covering an area of approximately 38,514 hectares located in the Putumayo basin; and a 100% working interest in the Fenix block covering an area of 24,117 hectares in the Middle Magdalena Basin of Colombia. It also owns a 100% interest in five blocks, including two exploration and production, and three prospecting permits covering an area of approximately 6.2 million hectares in Paraguay. The company was incorporated in 2000 and is headquartered in Cardiff, the United Kingdom.

83 Employees
Last Reported Date: 04/10/15
Founded in 2000

amerisur resources plc (AMER) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: --
Finance Director and Director
Total Annual Compensation: $380.0K
Regional Director of South America and Execut...
Total Annual Compensation: $149.0K
Compensation as of Fiscal Year 2014.

amerisur resources plc (AMER) Key Developments

Amerisur Resources Plc Announces Board Changes

Amerisur Resources Plc announced that George Woodcock has been appointed Executive Director of Exploration at Amerisur on a part time basis with immediate effect, ahead of taking on the role on a full time basis at the end of the year. George Woodcock, previously Non- Executive Director of the company, has spent his entire career in the oil and gas industry since joining BP Exploration in 1968. On leaving BP, George was responsible for the running of the Rubiales field in Colombia from 1990 to 1992 in his role at Tuskar Petroleum and has co-founded and managed various private exploration companies in Colombia. Nigel Luson has been appointed a member of the Remuneration Committee with immediate effect, replacing George Woodcock who has stepped down.

Amerisur Resources PLC Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Amerisur Resources PLC announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of $199,464,000 compared to $169,200,000 a year ago. Operating profit was $68,795,000 compared to $74,292,000 a year ago. Profit before tax was $47,494,000 compared to $75,338,000 a year ago. Profit attributable to equity holders of the parent company was $27,388,000 or 2.55 cents per diluted share compared to $46,811,000 or 4.40 cents per diluted share a year ago. Net cash generated by operating activities was $63,172,000 compared to $101,121,000 a year ago. Payments for property, plant and equipment were $42,339,000 compared to $65,453,000 a year ago. Payments for exploration and evaluation assets were $8,120,000 compared to $3,137,000 a year ago.

Amerisur Resources plc Announces Update to Certified Reserves and Resources for its Exploration and Production Assets in Colombia and Paraguay

Amerisur Resources Plc announced an update to the certified reserves and resources for its exploration and production assets in Colombia and Paraguay. Following receipt of an independent reserves report for the Platanillo field as at December 31, 2014 undertaken by Petrotech Engineering Ltd, using the standards set by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers, certified 1P (Proven) gross field reserves were 16.2 million barrels of oil (‘MMBO’) (2013: 19.8 MMBO) after production of 2.278 MMBO during 2014 and 2P (Proven and Probable) gross field reserves were 24.55 MMBO (2013: 32.8 MMBO). Production during 2014 was 2.278 MMBO; hence current 1P reserves represent an effective 6% reduction from year end 2013. This technical reduction of the Expected Ultimate Recovery ("EUR") (a forward looking model which assumes a decline factor and projects the volume of oil which will ultimately be recovered) for current producing wells and for all future planned wells is a conservative view based upon several factors, including the relatively poor initial production result of wells Platanillo-15 and Platanillo-16, which served to reset the future average expected initial production rates. Additionally, the shut-ins of producing wells due to social and export issues during the year resulted in lower average production rates which also caused an increase in the future projected decline rate, resulting in lower overall volumes being recovered in the model through time. Reserves have also been impacted by the Board's responsible decision to reduce drilling activity in order to ensure capex at Amerisur is matched by cash flows in the current lower oil price environment, since some planned wells will not be delivered within the previous timeframe. Additionally there have been no significant reserves additions for either the T sand or the N sand since currently there are no development operations planned for those horizons over the next 12 months, even though the N sand has now been successfully tested in wells Platanillo-2 and Platanillo-18 and the T sand is under successful Long Term Test in well Platanillo-20. The technical reduction this year is owed to certain factors which, once full production can be re-established and stabilised with the entry of the export flow line later this year, can be recovered within the reserves model. It is important to note that the encouraging porosity and permeability data indicated by the initial core analysis of Platanillo-20, which are likely to have a positive impact on overall field recovery rates, have not been fully incorporated in this 2014 reserves evaluation since the detailed analysis of the several reservoir horizons is still ongoing. The results of this Special Core Analysis (‘SCAL’) will be available in June of this year and is expected to have a positive impact on future EUR evaluations through an increase in oil originally in place and the estimated recovery factor. This analysis will be refined and validated with the static and dynamic reservoir models currently under construction using field production data and the core results from Platanillo-20. In summary, the volumetric parameters of the several reservoirs in the Platanillo field have not changed; in fact the Company believes that recoverable volumes will in fact be higher than those previously certified, due to the improved reservoir properties seen in the Platanillo-20 cores. In terms of Prospective Resources in the Platanillo field, currently estimated at 44.7 MMBO, the Company has taken a conservative view of potential recoveries while including a component relating to the structures seen in the far north of the block on existing 2D seismic. That model will naturally be refined and incorporated into the larger 3D cube once the northern 3D data is processed in the next months. The company continues to advance with the Ecuador interconnector project. Following the signing of the Letter of Intent with PetroAmazonas on 2nd February, the definitive agreement for the construction and operation of the flow line and transport of Amerisur production is under review by PetroAmazonas. Additionally, the structures of agreements with PetroEcuador for onward transport of Amerisur crude from Lago Agrio to Esmeraldas are advancing satisfactorily. The crisis of the oil price fall has been felt in all producing nations and Ecuador has not been immune to its effects, and a fundamental review of all aspects of the industry economics in Ecuador is underway at Government and National Oil Company levels, with the objective of maximising efficient production. The Company is convinced that the Amerisur interconnector project adds significant value to that objective and as such will benefit from the review process. Taking into account the current situation the Company expects to start construction upon completion of the Ecuadorian government review, presently anticipated later this year. In the Fenix field, given the lack of a planned development programme in the next 12 months, the reserves have been reassigned to the Contingent Resources category. In Putumayo 12, the gross P50 Prospective Resources estimated by the Company remain the same, at 305 MMBO. Having completed the required social consultations with Indigenous groups within the block they expect to commence the infill 2D seismic programme in the next few weeks, once the acquisition of the Platanillo 3D North programme is completed in the first days of April. The Environmental Impact Study for drilling in Putumayo 12 is well advanced and they expect to be drilling the first prospect there at the end of the year. In Paraguay there is no change to the previous analysis, with P50 gross Prospective Resources of 620 MMBO. The Company is currently negotiating an extension to the exploration period in order to drill well Jaguarete-1 in 2016 or once oil sales prices reach a level of $85. Technical information in this announcement has been reviewed by John Wardle Ph.D., the Company's Chief Executive. John Wardle has 28 years' experience in the industry, having worked for BP, Britoil, Emerald Energy and Pebercan, and is a trained drilling engineer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AMER:LN 33.50 GBp -0.25

AMER Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Exillon Energy PLC 110.50 GBp +0.375
Faroe Petroleum PLC 87.50 GBp -1.25
Gulf Keystone Petroleum Ltd 40.25 GBp +1.25
Indus Gas Ltd 149.50 GBp -1.00
Petroceltic International PLC €1.70 EUR 0.00
View Industry Companies
 

Industry Analysis

AMER

Industry Average

Valuation AMER Industry Range
Price/Earnings 20.0x
Price/Sales 2.7x
Price/Book 2.6x
Price/Cash Flow 10.0x
TEV/Sales 2.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AMERISUR RESOURCES PLC, please visit www.amerisurresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.