Share Name Share Symbol Market Type Share ISIN Share Description
Amerisur Resources LSE:AMER London Ordinary Share GB0032087826 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +2.17% 23.50p 23.50p 23.75p 24.00p 22.75p 22.75p 1,680,600.00 14:57:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 41.5 -17.1 -1.7 - 285.10

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Trade Time Trade Price Trade Size Trade Value Trade Type
16:04:0223.501,001235.24AT
16:00:0723.6812,6482,995.05O
15:59:0123.6812,6482,995.05O
15:58:5423.50628147.58AT
15:58:5323.502,361554.84AT
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Amerisur (AMER) Top Chat Posts

DateSubject
23/2/2017
08:20
Amerisur Daily Update: Amerisur Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AMER. The last closing price for Amerisur was 23p.
Amerisur Resources has a 4 week average price of 24.45p and a 12 week average price of 26.28p.
The 1 year high share price is 33.50p while the 1 year low share price is currently 22.25p.
There are currently 1,213,205,768 shares in issue and the average daily traded volume is 2,568,649 shares. The market capitalisation of Amerisur Resources is £285,103,355.48.
04/1/2017
11:59
somnus101: from The Times 4 Jan AMERISUR DIRECTORS SHARE PAIN AFTER INVESTORS ...ATTACK Disgruntled investors in Amerisur Resources have crossed swords with the board over growing concerns about the oil and gas explorer’s corporate governance. Last week the AIM-listed Amerisur, which operates in Colombia and Paraguay, had to slash director share option packages — which were first announced in February — in the wake of shareholder discontent. Giles Clarke, the chairman of Amerisur, who is best known for his role as chairman of the England and Wales Cricket Board and for founding Majestic Wine, has had his long-term incentive plan award reduced from 7.28 million shares to 1.5 million. Nick Harrison, the chief financial officer, has been awarded 1.5 million shares, down from his previous grant of 5.46 million, and John Wardle, the chief executive, has had his LTIP award reduced from 12.74 million shares to 10.14 million. One top ten shareholder said the main concern was that, initially, the share awards had been linked to an oil pipeline project that would allow Amerisur to transfer oil to the coast at a much lower cost but which had fallen behind schedule. “I didn’t like the LTIP at all and I am very glad to see that they have made a significant alternation,” he said. “The share options on the pipeline project were almost bordering on outrageous. Management have promised that this pipeline would ready for the past year and they have not even been able to start it yet. They have been overly optimistic on timing. “It also didn’t help that this has all coincided with a fall in the oil price and Amerisur’s share price, which hasn’t put people in a good mood.” Another investor said: “This is not a badly run company. John Wardle is running a very good shop, but there is some concern about the influence of the non-executives. Stephen Foss only joined in January and his first course of action was to award a very generous share option scheme, which the company has now had to row back from.” Several retail investors have also expressed unease about the remuneration packages for the non-executives, such as Mr Clarke, who was paid $357,000 last year. Amerisur also paid Westleigh Investments Holdings, a company in which Mr Clarke and Mr Harrison have an interest, $159,348 for rent for the group’s head office in Cardiff and accountancy and other services. Mr Foss, the senior independent director, has embarked on a charm offensive to meet investors. He said that the company was well run with low overheads. “Amerisur has grown rapidly and delivered significant returns since 2007, when it was a small, loss-making company called Chaco Resources,” he said. “On the recent LTIP share award, I have consulted shareholders representing over 50 per cent of the share register and we have listened and acted. The continuing direction of travel on corporate governance at Amerisur is positive and the board looks to the future with confidence.” In the past few years, Amerisur’s fortunes have improved from its “penny dreadful” day as Chaco Resources. The present management team, led by Mr Clarke, Mr Wardle and Mr Harrison, has been in place since 2007. Last year Amerisur turned over $199.5 million, made a pre-tax profit of $47.5 million and ended the year with net cash of $95.6 million. The pipeline project is under way but, because it crosses several countries, it is a politically delicate situation to navigate, which has led to delays. Shareholders in Amerisur include Rex Harbour & Associates, Investec Wealth & Investment, Axa Investment Managers, JP Morgan Asset Management and Hargreave Hale. Shares in Amerisur rose 3p to 28p.
21/12/2016
13:13
fadilz: Price goes up and everyone is happy. Price goes down and the directors are all shysters. This is a human reaction but wrongheaded, and I broadly agree with bigbas. What really matters to share price is - Profit per barrel: ie price of oil, and costs - How much we can pump: ie capacity of wells, transport, etc - How long we can pump it for: Reserves Increase any one of those and you increase share price. All of the above are taken into account in the NPV model, and it really does work in predicting the movement in AMER share price. On this I completely agree with al101uk. The optimal pumping rate is one where reserves last 10-20 years. Added reserves count for little in the NPV calculation, if the effect is to increase life to much more than 20 years. Added pumping rate counts for little if the effect is to reduce life below 10 years. AMER now have to increase reserves. Hence the importance of drilling. With current reserves, there is not much point in pumping above about 7k barrels a day. The reason they have quoted this figure a lot is no accident. The reason they want the pipeline is to do justice to increased reserves, and to increase profit per barrel. Simple, when you view it through NPV.
19/12/2016
13:50
al101uk: The last two casualties of my AMER holding: PTSG (didn't have the funds available at 75p-ish), GSK had to top slice another stock to take an initial position half of what I wanted at £14.72. The sale was LGEN which is also up a little on the 237 selling price I achieved. Meanwhile back in Amerisur-land, I missed the update on Friday, but having read it I'm less than impressed. I picked up the KENV results this morning via an RNS alert I still have set up and my initial thoughts are same old story, drifting timescales presented as "as expected". I question the bait and switch of the much hyped Lithium potential. I've suspected the same tactic here from time to time. Checked in on IRON for old times sake and saw pretty much nothing. I assume we'd have to gather over 16 million shares to have have any sway in the running of the company? My holding would be a rain drop in the ocean, throw it in the pot if you like, someone here has my email address. On RNS frequency and whether the board have neglected their duty as regards news I cobbled this together from a couple of sites: ----------------------------- A similar obligation is imposed on AIM companies. They must announce to the market any new developments that are not public knowledge and that, if made public, would be likely to lead to a significant movement in the price of the company's securities. The information needs to be specific to the company and there needs to be some certainty to it. Imprecise information, and news that is generally applicable, is not announceable; nor are conclusions or facts that can be gleaned from research or analysis, because any investor (in theory) has access to the same material. Price sensitivity is crucial to the definition of inside information. A company must ask: would a hypothetical ‘reasonable investor’, out to maximise their own economic self-interest, be likely to use the information in making their investment decision? Information that will usually be considered relevant to a reasonable investor’s decisions includes that affecting: the company’s assets and liabilities; the performance of the company’s business, or expectations as to that performance; the company’s financial condition; the course of the company’s business; major new developments in the company’s business; information that has previously been disclosed to the market. A commonly used rule of thumb is to say that a price movement of 10 per cent either way is ‘significant’ and so information that is unlikely to move the share price that much is not disclosable. But the FSA is very clear that there is no ‘10 per cent rule’ and that price movements below that threshold can still be significant in particular cases. ------------------------------- That raises more questions than it answers, because the argument would go that if Val can find it, it's not RNS'able. Val can find anything and others here are equally adept at gathering information from various sources. Is it reasonable to expect all investors to scour foreign language sites for information? From the RNS: "However the daily volume transported by OBA is controlled by the performance of the overall system, for example averaging approximately 2,200BOPD over the last 4 days. Detailed engineering and costing work is underway with respect to the construction of the Chiritza pumping station within the RODA system, which will serve to increase system efficiency and Amerisur's transport quota under the agreement currently being negotiated with Petroamazonas. Throughput above current levels is dependent upon the optimisation of the system and the Company's production. Production at the year-end is expected to be similar to current levels given the delays in activity as detailed below. The Company expects a production rate of 7,200 BOPD to be achieved during Q1 2017" Don't we have a contract with the owners of "the system" for 5K BOPD minimum? If so it appears to have been worth absolutely nothing and it's not clear to me who is costing and implementing the construction of the Chiritza pumping station? Nor why the local dispute affects the throughput? I can make guesses and assumptions, but where are the specifics in this update? What are the risks that all of this could turn out to be a very expensive white elephant. As far as I can see the company has sunk copious amounts of money, time and energy in to a project that was announced as complete to great fanfare not so long ago when in fact it is far, far from a done deal. Along side this they refer to "production constraints" intimating that 7200bopd is where we are at following the drilling so far. I'm pretty sure we were well above this figure before we hit the oil price collapse and that it was transportation and pumping station capacity that was the issue. In any case all of this just means I'm beefing up the management risk discount on my valuation and hence reducing the level at which I will be happy to sell. If you look beyond Amerisur there is plenty of evidence of AIM-like behaviour from GC and co and it's abundantly clear why they like this market as opposed to a full listing. Long post, but I have a lot on my mind ;-)
10/12/2016
09:20
fsawatcher: too many peeps watchin the share price and missin wot really goin on if you use share price action as indicator to how well company is doin then you stupid go learn how it done , spend sometime researchin company that been bought out you best start with sky shareholders patience tested to the limit with slow death fall on share price , it jus goin no where every day , it get pushed to bottom prices where margin holders feel pain and exit then other holders fed up exit lodda peeps exitin then come the offer Amer are in Carlyle and GT's sights, they gonna get taken out coz management are greedy and have lotta options to benefit froms
28/10/2016
13:54
whites123: No blatant ramping but sharing a stock that has a buyer who is buying all stock to hit the market and has a mandated buyer who is looking to spend close on to £5,500,000 more on stock. DYOR but whatever glasses you wear it will come back as a Screaming BUY. The stock is MAYA (Mayair) MAYA : Mayair. 2 trades of 5000 shares go through (These are not destined for share buyback) and the result is, NMS tightens up and increase of 8% showing. Folk... DYOR etc, but it really is a coiled spring waiting to pop. The company has an approved mandate to buy back 10% of stock at an average price of £1.42. (£5,500,000) all stock bought below means the top price payable goes up. MAYA : Mayair. Very limited PI interest showing in MAYA (Mayair) still, but with just 2 small PI trades showing of £3,700 total the share price has risen some 8%. The company has an approved mandate to spend over £5,500,000 on share buy back program. Its a squeeze of epic proportions. Do some research people... Im like an over excited kid as I have not seen this situation for many a year. MAYA : Mayair Close to £5,500.000 still to spend on share buy back program. Averaged out that equates to over £1.40 per share, but all those bought lower means the upper price to pay can well exceed that marker. Tripling of the share price is easy once stock is in demand. Its a squeeze of epic proportions in the waiting. And yet another RNS from MAYA showing a further share buy back. Each and every time the rns comes out the price increases. Yesterday just 2 purchases. 1 from a PI buying 2,500 shares and the other purchase was a share buy back by the company. They have the mandate to buy approx a further 4 MILLION shares back. The share price will explode... Anyone else here excited about MAYA? (Mayair) They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750 They have already bought back 340,000 shares for £205,611 So they still have to buy back 3,907,500 shares with £5,550,139 They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up. The objective of the buy back seems to be to get the share price up. This could triple from here. 19th Oct -2016 RNS today showing they bought back more shares.. In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more. Where will the share price be by then? Many many multiples of todays price is my best guess.
24/9/2016
14:51
charlieeee: Val Again, the facts tell a different story. The 2015 awards as initially announced in Feb, were halved for directors, after consultation, so it looked like Rex's protest did not fall on deaf ears. The base from which they are to be calculated is quite interesting. Extract from the RNS "As a reminder, the LTIP awards in the Share Price Growth column in the table are five year awards with a three year vesting period. The base price for the share price growth is 37.22p, a 55% increase from yesterday's closing price of 24.0p. They will vest when certain performance criteria have been met - 50% when a 33% growth from the base price share price has been achieved (a 106% increase from yesterday's closing price) within three years (10% per annum compound), a further 25% on a 52% increase from the base price (a 136% increase from yesterday's closing price), (15% per annum compound) over three years and the final 25% on a 73% increase from the base price (an 168% increase from yesterday's closing price), (20% per annum compound) over three years. The share price target must also be held for 30 calendar days. The LTIP awards in the Pipeline column in the table are five year LTIP awards with a three year vesting period and relate to the successful installation of the pipeline and commencement of operations. The vesting of the pipeline LTIP awards will be determined by the Remuneration Committee's assessment of the results of the commissioning and operations of the pipeline." As far as Paraguay is concerned, Rex had largely sold by March, well before that was parked up. Focus on getting OBA/OBA cluster really pumping and some decent cash in the bank has to be the priority and I cannot see Rex criticizing the BOD for that: it is so obviously the right strategy. C
10/6/2016
15:03
paleje: I know current gloom mood overrides logic but an article in IC today on oversold shares picks AMER from the O&G sector:- "A word on oil and gas. A frontier oil and gas explorer/producer whose share price pulled back 28.7 per cent and 46.7 per cent respectively over the past two calendar years is Amerisur Resources (AMER). The shares have long been a favoured speculative option with the IC – and from what we’ve heard – with many of our readers. But now there’s real value on offer. The driller’s operations are centred on Latin America, with the jewel in the crown in the form of the 14,341 hectare Platanillo field, located in the Putumayo Basin, in the south of Colombia. It contains something in the region of 23.7m barrels of light, sweet crude, with low levels of contaminants, thereby resulting in low refining costs and a high price premium. Earlier this year, Amerisur received the final approval required to complete its interconnector pipeline with Ecuador, which will result in a substantial reduction in operating costs, while diversifying routes through to market. The pipeline represents a sea change for the company as it will enable Amerisur to target near-term exploration drilling at the Platanillo and Put-12 sites and open up partnership tariff agreements. According to analysts at Investec, Amerisur’s pipeline could become “strategically significant from a regional perspective”. Naturally, the driller’s share price was hit hard by the prolonged slump in crude prices. But Amerisur’s management took a wise decision to pare back production until either the pipeline was operational or the oil price retraced. As our colleague Alex Newman put it on release of the group’s full-year figures in April “the balance sheet and reserves base were put ahead of thinner short-term cash flows”. The group is net cash positive, has strong production rates at its disposal, low production costs (and getting lower), together with highly prospective drilling campaign. Trading at less then half its estimated net present value, Amerisur is as good a play as any for anyone looking to benefit from the gradual recovery in energy markets. MR"
06/5/2016
18:18
responsible investor: The company has out grown the competence of its Board - as quidnunc says the company needs serious independent oil people. The Chairman and Finance Director need replacing. Concluding the lesson on hedging, shareholders might like to consider where the AMER share price would be today under the following four scenarios: (i) the price of oil had stayed at $100 brl and the company had sold forward all 2015 production and for the first six months of 2016 at $100 brl (ii) the price of oil sank to $40 brl but the company had sold forward 2015 and the first half of 2016 production at $100 brl (iii) the price of oil had risen to $120 brl and no forward sales had been made (iv) the price of oil had risen to $120 brl and the company had sold forward the 18 months of production at $100 brl I think shareholders would have to admit that the price of the shares would, under each scenario, all be significantly higher than today’s share price with obviously (iii) being the best. QED!
02/3/2016
12:44
borisdog2: could anyone point me in the direction of where I could get historical daily share prices ? I need the amer share price on 26th Jan 2015 Thanks in advance.
29/2/2016
16:20
dukedosh: This note from RBC earlier today. Amerisur Resources (AMER.L): Pipeline Underpins Value Outperform Speculative Risk LSE: AMER; GBp 28.00 Price Target GBp 45.00 Medium term, the OBA pipeline could provide an opportunity to ship third party volumes from an area beset by transport challenges. Our preliminary valuation of this provides a strong underpinning of the current share price. We believe, the strategic significance of the OBA makes also Amerisur a potential take out target. Amerisur has secured all the required approvals to complete construction of the 14km Oleoducto Binacional Amerisur (OBA) pipeline. The OBA will connect their production in southern Colombian to the underutilized Ecuadorian pipeline network. This has three material impacts 1) Reduced transportation costs (at least $5-6/bbl lower) 2) Increased/more consistent production levels and 3) potential to ship third party volumes in a region beset by transportation challenges. The operation to drill the under river crossing is already underway and the line should be completed/commissioned in March with initial volumes into Ecuador expected by April. Based on our initial analysis of long term third party access to the pipeline, it could be worth between 20-30p/share, underpinning the current share price. In addition, we believe, the strategic nature of the asset makes Amerisur an attractive target. We continue to view Amerisur a preferred way to play small cap oil given strong management, a debt free balance sheet (around $40m cash YE15), low cost operating environment (around $10/bbl opex) and a short cycle time exploration portfolio onshore southern Colombia. The company can survive the current low oil price environment and thrive with a limited oil price recovery (above $40/bbl) to generate cash flow to reinvest (drilling costs are <$5m/well) and rapidly grow production and reserves. Amerisur built out its acreage position across Colombia; most recently, the acquisition of Platino Energy added three blocks in the Putumayo Basin, PUT-8, Coati and Andaquies. These add existing discoveries and drill ready prospects that Amerisur could use to fill the OBA pipeline. Through 2016 drilling could include the West Platanillo prospect on PUT-8 (AMER 50%) adjacent to Platanillo field along with long-term tests (Temblon discovery) in the Coati Evaluation Area (AMER 100%).
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