- Amerisur Resources Plc, the oil and gas producer and explorer focused onshore Colombia, has provided the following reserves update for its production assets in Colombia as at 31 July 2019 covering the Company's Indico and Mariposa fields (together CPO-5) and Platanillo field.

The independent reserves report was completed by McDaniel and Associates Consultants Ltd which was undertaken as part of the ongoing Formal Sales Process.

Total Company reserves estimated to be 15.04 MMBO 1P, 21.80 MMBO 2P and 31.13 MMBO 3P (as at 31 July 2019), with 1.2 mmboe produced in 2019 to end July, and CPO-5 2P reserves were estimated to be 9.5 MMBO (as at 31 July 2019).

Platanillo 2P reserves estimated to be 12.3 MMBO (as at 31 July 2019).

The Formal Sale Process was also updated, with multiple parties participating in the FSP following the signing of confidentiality agreements. Management are currently running presentations with interested parties in Bogota.

John Wardle, CEO of Amerisur Resources said:

'We are pleased to complete the update to our reserves and transition the review of our full portfolio to McDaniel and Associates. We have had feedback from participants in the FSP that they value the new independent assessment from McDaniel. The report highlights the near-term value of the Company's CPO-5 asset.'

At 8:02am: [LON:AMER] Amerisur Resources PLC share price was -0.02p at 17.08p

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