At long last, exploration group Amerisur Resources (AMER) has received approval from Ecuador's government to complete the construction of a pipeline leading to the Platanillo field in Colombia. The pipeline, which should be built by the end of March, is expected to bring down operating costs for Platanillo oil from $27 to $16 per barrel, as well as providing Amerisur with a strategically important asset.
IC TIP:
Buy
at
27.75p
Arden Partners expects a pre-tax loss of $17.4m and a 2¢ loss per share for 2015, climbing to a profit of $37m and EPS of 1.7¢ this calendar year.
