Amerisur Resources, an oil and gas producer and explorer focused on South America, rose following a positive drilling update.
Its Platinillo-5 well in Colombia, the third well of a planned eight well drilling campaign, has found oil in the U sands of the Villeta formation.
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
John Wardle, Chief Executive, commented: "I'm very pleased with the well results to date and look forward to updating the shareholders on flow data very shortly."
House broker RBC Capital Markets has Amerisur as a top pick, albeit in the speculative risk category.
CM
-
Charitable giving and inheritance tax: 7 tips to avoid complicationsGiving some of your estate away to charity can save your family thousands in inheritance tax. But common pitfalls could mean your chosen cause loses out and your loved ones are left with a complex nightmare to unravel. We look at how to do donations right.
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
