Amerisur has released its 2018 results, reporting production of 5.4mbbl/d and end 2018 net cash of US$44.1m in line with our forecasts, though EBITDA of US$34.0m was behind due to slightly higher costs. We adjust our forecasts for this, but also for a redistribution of expected drilling CAPEX, detailed below. After a number of years of building its portfolio, Amerisur is now moving forward into a period of increasing drilling activity. This should initially comprise appraisal and exploration
09 Apr 2019
2018 results
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2018 results
Amerisur has released its 2018 results, reporting production of 5.4mbbl/d and end 2018 net cash of US$44.1m in line with our forecasts, though EBITDA of US$34.0m was behind due to slightly higher costs. We adjust our forecasts for this, but also for a redistribution of expected drilling CAPEX, detailed below. After a number of years of building its portfolio, Amerisur is now moving forward into a period of increasing drilling activity. This should initially comprise appraisal and exploration