Market Impact: Positive. The Ecuadorian Ministry of the Environment has awarded the environmental license for the completion of the construction and operation of the pipeline that will move Amerisur's production through Ecuador to a new sales point. The Company has begun to drill and install the pipeline under the river, which is expected to take 35 days. Commissioning is expected by late March 2016e, with first transport shortly thereafter.
18 Feb 2016
AMERISUR RESOURCES (AMER LN) PROVIDES POSITIVE UPDATE ON ECUADOR-COLOMBIA PIPELINE
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AMERISUR RESOURCES (AMER LN) PROVIDES POSITIVE UPDATE ON ECUADOR-COLOMBIA PIPELINE
Market Impact: Positive. The Ecuadorian Ministry of the Environment has awarded the environmental license for the completion of the construction and operation of the pipeline that will move Amerisur's production through Ecuador to a new sales point. The Company has begun to drill and install the pipeline under the river, which is expected to take 35 days. Commissioning is expected by late March 2016e, with first transport shortly thereafter.