Amerisur recently released its 2017 results. These reported production of 4.9mbbl/d, which drove EBITDA of US$21.2m and operating cash flow of US$30.0m. After CAPEX of US$30.8m (principally production drilling on Platanillo, along with some acquisitions and OBA spending), this left net cash only a little lower than end 2016, moving to US$41.3m, from US$42.3m a year earlier. Production updates are plentiful from Amerisur, so the 2017 production number was in line with what we had expected. EBI
01 May 2018
2017 results follow up
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2017 results follow up
Amerisur recently released its 2017 results. These reported production of 4.9mbbl/d, which drove EBITDA of US$21.2m and operating cash flow of US$30.0m. After CAPEX of US$30.8m (principally production drilling on Platanillo, along with some acquisitions and OBA spending), this left net cash only a little lower than end 2016, moving to US$41.3m, from US$42.3m a year earlier. Production updates are plentiful from Amerisur, so the 2017 production number was in line with what we had expected. EBI