Amerisur reported year-end 2017 results. The company reported 2H17 production that was 2% better than expected at 5,233 bbl/d, while cash flow of US$12 mm lagged our estimates. Year-end 2017 1P reserves decreased 8% to approximately 14 mmbbl, 2P reserves decreased 15% to approximately 21 mmbbl, and 3P reserves decreased 28% to approximately 22 mmbbl. The reserve decrease had a negative impact on our core NAV estimate. We have reduced our 2018e and 2019e production forecast. Production in 1Q18
19 Apr 2018
Year-end 2017 results and reduced outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Year-end 2017 results and reduced outlook
Amerisur reported year-end 2017 results. The company reported 2H17 production that was 2% better than expected at 5,233 bbl/d, while cash flow of US$12 mm lagged our estimates. Year-end 2017 1P reserves decreased 8% to approximately 14 mmbbl, 2P reserves decreased 15% to approximately 21 mmbbl, and 3P reserves decreased 28% to approximately 22 mmbbl. The reserve decrease had a negative impact on our core NAV estimate. We have reduced our 2018e and 2019e production forecast. Production in 1Q18