StockMarketWire.com - Amerisur Resources, the oil and gas producer and explorer focused on South America, has announced the approval from the Agencia Nacional de Hidrocarburos (ANH) to the assignment of 100% Operated working interest in the Putumayo 14 (Put-14) block in Colombia, in favour of its affiliate Amerisur Exploracion Colombia Limitada.

The ANH approval to the assignment has enabled the closing and completion of the farm in agreement executed with Gulfsands Petroleum.

John Wardle, CEO of Amerisur commented: 'We are very pleased to have closed this attractive deal for the company, further consolidating our strategic position in the Putumayo and adding additional prospective acreage to our Terecay-Tacacho play fairway, where we and our partner Oxy Andina see significant potential in multi-layered reservoirs, proven in our existing operations, in legacy wells and within Ecuador.

'The block has further strategic importance in that it extends south towards the Putumayo river and Ecuadorian border. This brings benefits in terms of accessibility for operations and eventual evacuation of produced crude by providing a pathway to access the pipeline systems of Ecuador, in a similar way to the existing OBA system in our Platanillo field.'




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