Amerisur suffers technical problems
Amerisur Resources, the oil and gas producer and explorer focused on South America, said tests on a Colombian well had been interrupted by equipment failure.
Amerisur Resources, the oil and gas producer and explorer focused on South America, said tests on a Colombian well had been interrupted by equipment failure.
The problems have come at the Platanillo-4 well n the Platanillo Field, Colombia, the second of a planned eight well drilling campaign.
"A 30ft section of the logged 75ft gross oil column was perforated in the U formation in order to perform flow and pressure tests," the firm said.
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
"A number of tool failures prevented the test from continuing and the company has had to source alternative equipment and reconfigure the well."
The firm now expects to perform the tests over the next seven days and results will be announced once they have been analysed.
Amerisur's shares were off 1.3% following the announcement.
Sign up for MoneyWeek's newsletters
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.
-
Which investment trusts could benefit from lower interest rates?
As vehicles for long-term investments, many investment trusts were hit when interest rates rose in 2022. With interest rates expected to fall by the end of the year, could now be the time to invest in one of these unloved sectors?
-
How to protect your personal and financial data from cyber attacks
M&S and the Co-op are the latest retailers to suffer from cyber hacks but consumers also need to be vigilant