Paraguay

Amerisur Resources PLC, Cardiff, UK, said it may shoot seismic on the 8,000-sq km San Pedro block in the Parana basin in Paraguay in 2010 subject to service company availability.

July 1, 2010

By OGJ editors
HOUSTON, July 1 – Amerisur Resources PLC, Cardiff, UK, said it may shoot seismic on the 8,000-sq km San Pedro block in the Parana basin in Paraguay in 2010 subject to service company availability.

The company said it is reviewing the design of a 180-line km program designed to further de-risk principal closures.

Amerisur, which holds 100% interest in the block, has conducted two separate but conjoined geochemical surveys, the results of which were encouraging and confirmed hydrocarbon anomalies, strengthening the possibility of hydrocarbon generation and migration. Reinterpretation of seismic data indicated large potential structures that are overlain by geochemical anomalies.

Meanwhile, the company’s 100% owned Curupayty block remains under technical review, and further activity there will probably be driven by results at San Pedro.