Amerisur reported 1H15 production of 4,524 bbl/d that was in line with our expectation of 4,500 bbl/d. Funds ow from operations was reported at US$8 mm or US$0.01 per share, versus our outlook of US$11 mm or US$0.01 per share. The difference in cash ow was mostly due to additional port taxes and handling charges imposed by the pipeline operators. These costs are temporary and will not be applicable when the OBA pipeline is operational. Our 2H15e production forecast has modestly improved to 4,
29 Sep 2015
Amerisur Resources Reports 1H15 Results and Slightly Improved 2H15e Production Outlook
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Amerisur Resources Reports 1H15 Results and Slightly Improved 2H15e Production Outlook
Amerisur reported 1H15 production of 4,524 bbl/d that was in line with our expectation of 4,500 bbl/d. Funds ow from operations was reported at US$8 mm or US$0.01 per share, versus our outlook of US$11 mm or US$0.01 per share. The difference in cash ow was mostly due to additional port taxes and handling charges imposed by the pipeline operators. These costs are temporary and will not be applicable when the OBA pipeline is operational. Our 2H15e production forecast has modestly improved to 4,