Amerisur recently hosted an Analyst trip to the Platanillo Field and OBA pipeline, while also highlighting an 11 well drilling program over the next 15 months, which is greater than previously anticipated. The Company has released its 2017e production guidance range between 7,500 bbl/d and 8,500 bbl/d. We have increased our 2017e production forecast by 9% to 7,600 bbl/d. We have increased our target price to £0.35 per share, while maintaining our Outperform ranking.
28 Sep 2016
Drilling Inventory and 2017e Production Guidance Greater than Previously Anticipated
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Drilling Inventory and 2017e Production Guidance Greater than Previously Anticipated
Amerisur recently hosted an Analyst trip to the Platanillo Field and OBA pipeline, while also highlighting an 11 well drilling program over the next 15 months, which is greater than previously anticipated. The Company has released its 2017e production guidance range between 7,500 bbl/d and 8,500 bbl/d. We have increased our 2017e production forecast by 9% to 7,600 bbl/d. We have increased our target price to £0.35 per share, while maintaining our Outperform ranking.