Market Impact: Slightly positive. Amerisur has agreed to acquire Petro Dorado South America, a subsidiary of Petro Dorado Energy (PDQ - TSX-V). Amerisur is acquiring a 30% WI in the CPO-5 Block and a 49.5% WI in the Tacacho Block. The potential tax benefit of US$20 mm from the acquisition more than offsets the acquisition cost of US$6 mm. Amerisur also has a near-term exploration catalyst with the Loto-2 well that is expected to commence drilling in July 2015e.
29 Jun 2015