Print   

Friday 29 May, 2009

Amerisur Resources

Paraguay - Operational Update

RNS Number : 9885S
Amerisur Resources PLC
29 May 2009
 



29th May 2009 


Amerisur Resources Plc ('the Company')


Paraguay - Operational Update



Amerisur Resources Plc, the oil and gas explorer and developer focused on South America, is pleased to give the following updaton technical work performed in its Paraguayan properties.


The surface geochemical sampling programme in the San Pedro contract has been successfully completed on time and within budget. The samples are currently being analysed at the laboratory of the specialist consultant in Bogota.


The samples were acquired in the form of two separate grids located over distinct leads identified through reprocessed and re-interpreted 2D seismic data. The northern grid measured two by 19 km and the southern, five by 19 km. All samples were acquired at the points required by the grid, and the condition of the samples was described as excellent by the acquisition contractor, who considers them suitable for analysis.


Initial results will be available during early June and final analysis will be completed during July 2009.



Giles Clarke, Chairman commented:


'I am pleased that we have completed this programme within our timeframe and budget. As we have mentioned before, our Paraguay blocks are very large and hold considerable potential. We look forward to the results of this study, which we feel will further enhance the prospectivity and value of our blocks. We continue discussions with potential partners regarding farm outs in both our Paraguayan blocks and I look forward to updating shareholders as progress continues.'


Ends


Competent person: Technical information in this announcement has been reviewed by John Wardle Ph.D., the Company's Chief Executive. John Wardle has 24 years experience in the industry, having worked for BP, Britoil, Emerald Energy and Pebercan, and is a trained drilling engineer.


ENQUIRIES:


Billy Clegg/Caroline Stewart

Financial Dynamics


Tel: +44 (0)207 831 3113


Jerry Keen/Andrew Raca,

Blue Oar Securities Plc

Tel: +44 (0)20 7448 4400



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCMGGZKNRLGLZM

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.