Amerisur Resources provides the following update on the Fenix contract in Colombia.

The rig Latco-02 has been contracted by the Company and is currently rigging up over the well Iguasa-1. It is expected to commence testing operations during the next few days. The programme is designed to test up to 9 discrete sandstone intervals in the lower section of the well and is expected to take approximately 28 days.

Subsequent to the testing of Iguasa-1, additional equipment will be installed at the rig site to allow the Latco-02 to drill and test the well Isabel-1, which is designed to explore the upper prospect encountered during the drilling of Iguasa-1. Isabel-1, which has been designed to optimally explore the potential of the upper sheet, is expected to take approximately 27 days to drill and test.

John Wardle, CEO, said,"Following the encouraging early signs during drilling and from the short test we performed, we are now in a position to fully test Iguasa-1. We look forward to updating shareholders as to progress."

Tags: Amerisur Resources Plc