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Amerisur awaits Platanillo approvals

While Latin American oil producer Amerisur Resources reported strong profit growth at the half-year stage, the company's assets remain in early-stage development pending drilling approvals
September 26, 2011

Amerisur has turned in positive half-year returns on the back of strong oil prices, which fed through into a 48 per cent rise in revenues to $6.64m (£4.28m), together with a near-doubling in operating profits to $1.8m. The priority for Amerisur remains the attainment of government approval to commence an expanded drilling programme within its highly prospective Platanillo Block.

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