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Amerisur swings to 2017 profit on oil rally

“Oil-and-gas company Amerisur Resources PLC (AMER.LN) said Monday that it swung to a profit in 2017 after almost doubling its revenue on the back of rising production and oil prices” writes Adam Clark for marketwatch.com. The company’s average production rose 58% to 4,857 barrels of oil a day, while its average realized price climbed to $50 a barrel from $38.Amerisur said it made a pretax profit of $600,000 compared with a $29.3 million loss in 2016.
 
Source: marketwatch.com



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