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Operations in Paraguay

Posted in Operations

The Company currently holds three prospection licences in the Pirity/Pilar basin complex in the west of Paraguay.

During 2017, a technical programme involving the detailed analysis of well data and samples and the reprocessing and reinterpretation of the seismic dataset from its exploration well, Jaguarete-1, was completed and as a result the Company relinquished its permit in San Pedro.

During 2018, the Company has impaired a further $1.4m of investment in Paraguay and is currently carrying less than $0.5m of investment on the balance sheet.

In line with Amerisur’s stated strategy, only technical review activity will take place in Paraguay in the near term.

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