Summary. Last week Amerisur announced the acquisition of two assets from PetroDorado. These are onshore Colombia and include the Loto discovery which is to have a second well drilled on it this month and possibly a further two on success. This drilling could result in first oil from Loto in 2015 facilitated by its Llanos basin location where several offtake options are available. Acquisition price is US$6m which can be satisfied in cash or shares at Amerisur’s option, cash carry on US$1
09 Jul 2015
PetroDorado Acquisition Diversifies Catalysts
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PetroDorado Acquisition Diversifies Catalysts
Summary. Last week Amerisur announced the acquisition of two assets from PetroDorado. These are onshore Colombia and include the Loto discovery which is to have a second well drilled on it this month and possibly a further two on success. This drilling could result in first oil from Loto in 2015 facilitated by its Llanos basin location where several offtake options are available. Acquisition price is US$6m which can be satisfied in cash or shares at Amerisur’s option, cash carry on US$1