Amerisur provides positive drilling update
Amerisur Resources, an oil and gas producer and explorer focused on South America, rose following a positive drilling update.
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.
Two further zones within the Villeta may also contain potential pay and are under evaluation.
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
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
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.
-
Reducing cash ISA limit will make lending difficult and expensive, warn providers
An open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
-
Nvidia becomes world's first $4 trillion company
The AI boom has catapulted Nvidia’s share price to astronomic heights, becoming the world’s most valuable company and the first to pass the $4 trillion milestone