You are on page 1of 4

5/20/2016 ProjectsOGPTracker>

CPO5BlockLlanosBasinColombia,SouthAmerica

Loto2suspendedinColumbia

ProjectProfile
Value:Undisclosed
Location:EastoftheEasternCordillera(Andes),inLlanosbasin,CentralColombia
Production:120300barrelsperday(ontesting)
Reserves:Unknown
StartupYear:

TheCPO5blockislocatedonlandinLlanosbasinofCentralColombiaandispresentlyunderPhase1ofexploration.Ithascommittedtodrilltwoexploratorywellsinthis
phase.OVLdrilledthefirstofthetwocommitmentwellsKamal1XonOctober29,2012anddrilleduptothetargetdepthof10,500feet.Thecompanyisgearingupfor
spuddingthesecondwellintheblockthismonth.OilandNaturalGasCorporationVideshLimited(OVL)struckoilintheveryfirstwellitdrilledontheblock.

OVL'sfirstwellontheBlockCPO5struckoilattwoplacesandproduced120300barrelsperdayontesting.TheoilisheavyinnaturewithanAPIgravityofabout14.To
assessthepotentialandcommercialityoftheoilfind,extendedproductiontestingwouldbetakenupinduecourse,thestatementadded.OVListheoperatorofexploration
blockCPO5inColombia,witha70%stake,withPetrodoradoEnergyholdingtheremaining30%equity.

Operators:

OilandNaturalGasCorporationVideshLimited(OVL):Operatorwith70%interest

PetrodoradoEnergy(acquiredbyAmerisurResourcesonJuly2015):30%interest

ProjectInformation

Nov11,2015

Well Loto2 has been drilled to a total depth of 10,320 ft MD, and a liner run and cemented. Two zones within the Mirador formation, L1 and L3 were tested,
where electric log analysis indicated the existence of 54ft net pay. L1 tested water and oil with water cut (BS&W) of 96% and 16API oil and L3 tested
water and oil with BS&W of 97% and 10API oil. Loto2 has been temporarily suspended pending further analysis of these results.

The well was drilled for a total cost of US$3.98MM, US$1.19MM net toAmerisur/PDSA and testing costs are currently estimated at US$0.69MM net to
Amerisur. The operations were completed on time and under budget, at 69% of the planned expenditure, due to excellent operational planning and execution.
The Tuscany 109 will now be demobilised while the partners review the well testing data together with the 3D seismic model.A decision on further wells on
the Loto structure will be taken in the next few weeks. The Company and OVL are currently reviewing a number of exciting drilling opportunities within CPO
5 and expect to formalise the future drilling plans before year end.

Oct19,2015

Amerisur Resources Plc progressed with the planned operations at the Loto2 well, CPO5 Block, Colombia.The Loto2 well has been successfully
directionally drilled to a total depth of 10,320ft and has been logged and 7\" production liner set and cemented.Amerisur log analysis indicates 54ft of net
pay thickness in the Mirador formation. Petro Dorado SA, a 100% owned subsidiary ofAmerisur, (30% Working Interest) and ONGC Videsh Ltd (70%
Working Interest and Operator) are currently designing the programme to test the Mirador reservoir. Results from that operation are expected in the next 14
days.

Sep09,2015

The 408km2 3D seismic acquisition programme within the northeastern sector of the block has been completed and data is currently being processed. Petro
Dorado SA (PDSA a 100% owned subsidiary ofAmerisur) and ONGC Videsh Ltd (Operator) have elected to perform a review of all geophysical data within
the contract area, and as such have contracted a specialist group to integrate, interpret and review the entire block. This review is estimated to take up to 4

http://app.projectsogp.com/viewcomplete.php?id=4499 1/4
5/20/2016 ProjectsOGPTracker>

Projectclassification

STATUS: CATEGORY: ON/OFFSHORE:

UPSTREAM APPRAISAL EXPLORATION DRILLING ONSHORE

Projectoperators

AmerisurResourcesPlc(UnitedKingdom)
Lakeside, Fountain Ln.
St. Mellons
Cardiff CF3 OFB
United Kingdom

CONTACT

Telephone:++44(0)2920500880
Fax:++44(0)2920500701
Web:http://www.amerisurresources.com
Email:info@amerisurresources.com

OilandNaturalGasCorporationVideshLimited(OVL)
1376, Calle 100
Bogota
Colombia

CONTACT

Telephone:++5714858762
Web:http://www.ongcvidesh.com
Email:s_sur@ongcvidesh.in

http://app.projectsogp.com/viewcomplete.php?id=4499 2/4
5/20/2016 ProjectsOGPTracker>

Projectmaincontractors
Nomaincontractorslisted

Projectsubcontractors
Nosubcontractorslisted

http://app.projectsogp.com/viewcomplete.php?id=4499 3/4
5/20/2016 ProjectsOGPTracker>

Projectnotes

http://app.projectsogp.com/viewcomplete.php?id=4499 4/4