Amerisur oil find goes commercial
Amerisur Resources, an oil and gas producer and explorer focused on South America, hit a new high on news that the oil found at its Platinillo-5 well has been placed in commercial production.
Amerisur Resources, an oil and gas producer and explorer focused on South America, hit a new high on news that the oil found at its Platinillo-5 well has been placed in commercial production.
It is envisaged to produce at a controlled rate of approximately 1,500 barrels of oil per day (BOPD) initially, taking the company's total controlled rate production up to approximately 3,500 BOPD.
Moreover, the company has stated that it is "confident of achieving a year end production rate of 5,000 BOPD."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It is well on the way to meeting market expectations and house broker RBC Capital Markets has a price target of 60p.
CM
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry