To acquire remaining 40% WI in Platanillo contract in Putumayo Basin, Colombia.
Amerisur Resources Plc, (London: AMER) via Colombian subsidiary Amerisur Exploracion Colombia Ltd. plans to acquire the remaining 40% interest of Ecopetrol SA in the Platanillo contract. Platanillo Field is in the Putumayo Basin in the south of Colombia. The company now holds a 100% working interest in the contract. Dr. John Wardle, Amerisur chief executive, says, "Holding 100% of this block will bring immediate economic value and also gives the company access to expanded options for the future appraisal of the field. Weâ€¦expect to begin commercial production before the end of this year."