Amerisur Resources Plc provides a 2015 update to shareholders in the context of the WTI oil price, currently at approximately $48.
•Given the prevailing oil price and a conservative oil price assumption for 2015, and whilst the Company waits for the commissioning, construction and operation of the Ecuador interconnector, the Board has decided to optimise production from the Company's low lifting and transportation cost platforms in the Platanillo field
•4,500 bopd to be produced in the interim from Pads 5 and 9, which can be lifted at a cost of approximately $12 per barrel and transported and commercialised through Orito and the OTA system at approximately $12 per barrel
•Production from more expensive pads to be temporarily suspended and transportation to Rio Loro at a cost of $23 per barrel to be reduced to a nominal daily volume, so preserving this delivery option
•Production is expected to be increased to a 2015 exit rate of 8,200 bopd once the pipeline to Ecuador is operational and delivering transportation costs of under $5 per barrel. This is expected by the start of H2 2015