Amerisur Resources Share Discussion Threads

[currypasty] 14/2/2017 09:40

they had $56m at end of interims period, why would they need a placing ?

[rollthedice] 14/2/2017 09:30

Shame they didn't give a rough idea of cash held end Dec as proposed capex will use most of end Jun16 cash. What did operations add to cash H2? Could another placing be on the cards? Production only 4400bopd with 3200bopd now going via OBA.

[al101uk] 14/2/2017 09:29

So it all kicks off imminently then... only a few months to go ;-)

Why did they not update their slides to reflect the fact that we are not in Q3 2016 anymore (page 27). Does that mean the commentary is equally from the perspective of Q3 2016?

I assume so :-/

If I were giving a presentation and hit a slide that was over six months out of date, I'd be embarrassed.

Looks like a ramp up to 5K is on the cards before work on pump stations?

Outage of 1 intermediate pumping station
• Production uplift short term
• Pumping station to be rehabilitated
• 1 further new pumping station to be constructed (Chiritza)


I'd like to know the words around this part. Is that the order of events? What does short term mean?

[sleveen] 14/2/2017 09:06

FSAW

If you put a capital H in the web address it will provide a direct link:

[fsawatcher] 14/2/2017 09:05

hxxp://www.amerisurresources.com/images/rns-pdfs/Amerisur-Investor-Presentation-Feb-2017.pdf

[francis55] 14/2/2017 08:23

Nice work OilandGas. It all reads well but can someone elae calculate what we are worth per share if we total assets v liabilities as i make it based on positive oil price of $50pb gives us a buy price close to 44p per share if we are to be sold?

[oilandgas1] 13/2/2017 16:54

But also got into aminex 😄

[oilandgas1] 13/2/2017 16:53

And yes I bought more 😬

[oilandgas1] 13/2/2017 16:53

Yes looks great value at 23.75, only been this low rarely, and we are making more money with OBA, if we could only get more production through it and push in with well drilling.. still looking for positive news in the next 7 -8 weeks by 07apr

1) moving to 7.2kbopd production in 2017 h1
Now apr17 more likely!
2) OBA throughout increase - 3.1kbopd now
(OBA roda debottlenecking underway and fix Ecuadorian reception facilities that are limiting the flow rates & Libelula-1 technical issues)
3) 4 well drills in the next 4 months with a schedule & drill / flow results 1 out of 4 (13feb)
Platanillo 22/24 results 17feb - Mar17
Serinco Rig D-10 to Pad 2N local protests
Plat-20 720bopd? & Pad-8 news
4) 31Mar17: Pad5 to pad9 interconnection
Roda upgrade one pumping station & new pumping station?
5) CPR: increase both reserves & production
6) Engaged in talks for oil into OBA in q2.
7) total prod at 4218 increase when to 8k? Apr17??
8) Anytime: buyout offer at 32p+ 😄

[valentine] 13/2/2017 16:28

Any late dly'd trades I wonder? Nothing much for last 45 mins. This is Amer ffs. Big day tomorrow, he expressed optimistically. Or book an early ticket for St Mellon's hotel?

[valentine] 13/2/2017 15:29

And the offer slips to 23.5. Wtf? GC lost all credit or what?

[alfieduncan] 13/2/2017 15:02

Yes no need to panic. My only fear is to be out of them when the ducks are finally lined up...

[valentine] 13/2/2017 14:45

Strange they are being snaffled up but no movement. Be nice if GC could see his way towards a +ve RNS tomorrow. He crossed me off his birthday card list a long while ago though.

[francis55] 13/2/2017 13:52

The MM'S clearly sitting on loads of shares. In last two hours 50k shares sold and 1.4m bought with a price increase of 0.2p. I think i will start my own MM Company - any investors?Reads positive in support for Amer.. get in now folk as the ride is about to commence.

[acv74] 13/2/2017 13:03

No reason for the recent retrace, I'm still adding.

[francis55] 13/2/2017 10:33

24p has been support level for ever so under this price lets you see who's sitting on the sidelines waiting on less for a bargain buy. This would be a true indicator of the popularity of Amer unless the short division get wind????

[valentine] 13/2/2017 10:24

So much for solid 24p then. Where to from here?
At this price surely the potential takeover candidates should be filling up..?

[rollthedice] 13/2/2017 09:37

Hola ¿hay alguien aquí?

[bigwavedave] 13/2/2017 09:27

Can't find the switch. Gone dark. :-(

[lucyp00p] 13/2/2017 08:46

Exodus. Last one to leave turn out the lights please

[charlieeee] 12/2/2017 20:13

That is a somewhat facile take on the interview, SS, missing the obvious. GC has no interest whatsoever in the "village idiots" and would sooner think of "appealing" to an amoeba, by all accounts.

The piece was clearly narcissistic, all about the wonderful GC and re-writing the "snout in trough" saga: a shining example of that current buzz phrase, post truth reality.

He likes the persona "serial entrepreneur" and AMER looks to be next on the list: that was addressed to his peer group and not any lower form of life, such as you (or yours truly). You might just see it as "mine's bigger than yours" willy waving, but I pay more attention, because of his previous form: he is undeniably a doer, not a talker and he sees an opportunity here, at this moment in time.

If we are to deal in "farct" it needs to be acknowledged that the peace deal HAS been signed and sealed. What has emerged, kind courtesy of the many links put up by other posters, is just how much the FARC forces had already dwindled in number and that bodes well. From the RNS, it looked to be more the issue of settling down the farmers who are now having their illegal "cash crops" destroyed, rather than FARC engagement.

[squiresquire] 12/2/2017 14:02

Get real, Clarke saw a journalist, chucked out the word takeover to appeal to the village idiots around. When there is peace, signed sealed and most importantly delivered, it may be remotely possible. Farct.

[charlieeee] 11/2/2017 14:40

Tyler

For those who have followed the Colombian story,they know that targets set in September will have been impacted by the delay in the implementation of the peace process: everyone expected a "yes" at the beginning of October and that got delayed some two months.

What has emerged from the post October RNSs and many of the links put up here by others such as Val, is that this was one of the remaining Farc strongholds and it will therefore be most affected by the immediate post peace events, such as illegal crop destruction.

So let us analyse your complaint.

Should they have set the target in September 2016?

You might disagree, but I would say firstly that on the facts at that point in time, "yes" was the more likely outcome of the vote and secondly, targets which stretch a company are always better than something which is readily achievable without any effort.

Having set the target, should they have felt obligated to roll out their program, even though circumstances had changed?

Again, it would seem from what you are saying, that you believe that they should have pressed ahead, regardless of consequences, even though the peace process timetable and the company timetable were now out of sync.

Unlike you, I see the delay as an intelligent management decision, showing sensitivity to the changed circumstances and likely to pay off in spades shortly.

One of the reasons why I am prepared to cut them some slack is the history. Looking back, you can see that the team is immensely capable and will, once they get a clear run at it, go back to rolling out wells as easily as shelling peas.

As for continually sniveling on about the options, in the same position, how many of the great and good AIM chiefs would have turned them down? The answer, in this age of greed is probably few and possibly none: by all means try and find some examples, but you might have to do quite extensive research.

Just as an aside, GC does sound a thoroughly objectionable character, but hired for his business acumen, rather than punter appeal, if he can roll out another successful disposal, I will join the queue to say thanks for the arm chair ride.