Amerisur Resources Share Discussion Threads

[tonyrelaxes] 23/3/2017 12:44

My understanding is the Independent Reserves Estimates is an annual requirement of the Colombian E&P Licences. Calculated as at 31 Dec and to be delivered to the Ministry by 31 March.

Interesting and unusual is that the BoD has decided to release this over a week before they need. Part of the ongoing Big Girls' squabble?

[jonnycash1] 23/3/2017 12:20

hxxp:// investors.morningstar.com/ownership/shareholders-major.html?t=AMER

Looks like various major shareholders have been decreasing their stakes recently. Could be Trump effect, depressed oil prices or specific to their own respective strategies. Whatever the reasons may be, looks like a long haul from here.

[bryet] 23/3/2017 12:08

Everything is looking good it would help if we get good news with the drill but the fact is this could be a good time to buy with the share price so low.

[dayway123] 23/3/2017 11:18

Good RNS, reserves up platanillo 22 being drilled and the share price is still sliding. It would appear the seller at present has a grip of iron around this company.

[bigwavedave] 23/3/2017 10:14

RNS = up 6%, then down 3%. Go figure.

[al101uk] 23/3/2017 09:35

sleveen,


Yeah, my mistake, I thought the rationale was to keep shareholders informed, but your reason makes more sense ;-)

[marnewton] 23/3/2017 09:29

The safe trading strategy is clear...buy on two closes above 23.25p (a confirmed reversal).

The more gung-ho may want to buy on two closes above the 8 day exponentially smoothed average.

Stop-loss 19.50p.

M

[blackdown2] 23/3/2017 09:26

He's seeking to pressurise the BoD into a disposal, as he did in early 2016.

[sleveen] 23/3/2017 09:26

al

AMER are obliged to produce an annual reserves update.

[eddie_yates] 23/3/2017 09:16

I agree with Kaos that we are under attack

[trotting12] 23/3/2017 09:16

Looks like Rex is making a point to the bod !! Who will give first ?

[kaos3] 23/3/2017 09:11

I am following amer for a long time. It looks like an attack going on- And defense taken by BODs. Holding RNS and resource update.

It takes few days for (if) someone to start buying big time. Now Will be perfect opp to buy in beloow 20p. I am still waiting as it Will heat up but still some time left. all imho

[al101uk] 23/3/2017 09:10

Audited: Tacacho
Non Audited: Platanillo (N Sand)

"...takes account of the successful infill wells and optimisation work undertaken during the year, together with the cost savings generated by the operation of the OBA transfer system. During the period there were no reserve additions from the drilling of new wells outside the current established limits of the Platanillo field."

So what exactly was the point of producing this report then, it seems constructed to be the same as last year.

[blackdown2] 23/3/2017 09:05

Predictably, the consistent selling continues. No prizes for guessing who it is.

[aceuk] 23/3/2017 09:02

Saudi's have been doing that for years ;-)

[lucyp00p] 23/3/2017 09:00

Figures are meaningless but encouraging nonetheless. EUR only calculates reserves extrapolated from existing production volumes which are currently restrained pending OBA resolution so ironically the more oil we pump in future, the more the reserves calculation rises but I guess a flawed methodology is better than using a dipstick.

[moneylender] 23/3/2017 08:35

You post what you want and I post what I want! ;-)

[alamaison5] 23/3/2017 08:33

Money: Next time just post the link, lol.

[francis55] 23/3/2017 08:30

1p & 2p estimated 30mmbo - dies that mean double 2015 figures?

[alamaison5] 23/3/2017 08:27

It really shows how fast it can move hey?

[francis55] 23/3/2017 07:04

Thanks a101.

[al101uk] 22/3/2017 22:52

2015 results were 7th April, AGM 4th May
2014 results were 8th April, AGM 6th May

Expect reserves update late March, results early April and AGM early May with drill results OBA throughput updates etc in between.