Amerisur buys Pacific E&P assets
Colombia 
LONDON, March 16, 2017 – Latin America-focused E&P company Amerisur has bought a chunk of Pacific Exploration and Production’s Colombia assets in the Caguan-Putumayo Basin. The sale totalled USD 4.85 million, paid in cash.
Amerisur acquired working interests in the Terecay (100%), Put-9 (60%), Mecaya (58%) and Tacacho (50.5%) contract areas. Added to its existing shares, the deal now leaves Amerisur with 100% working interests in Put-9 and Tacacho areas.
The London-listed company was trading up 9.64% at 22.75 pence a share at 9:36 GMT Thursday. Pacific E&P shares were up 0.12% at 33.04 cents.
Amerisur CEO John Wardle sounded a positive note for the Colombian hydrocarbons industry in the company’s announcement.
“Subject to ANH approval, the Company will be operator in all contracts with the exception of Put-8. The blocks contain a variety of attractive prospects, with analogues to the Platanillo field, other interesting structural traps, including some already proven to contain oil through existing, tested legacy wells,” he said.
“We have also captured the projected stratigraphic pinch out areas of our proven T and U sand reservoirs, which offer the potential for large accumulations of high quality crude oil. Additionally, the large blocks Terecay and Tacacho, with baseline government royalties, encompass significant opportunity for heavier oil discoveries, in line with the models proven in adjoining fields in Ecuador.”
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