Share Name Share Symbol Market Type Share ISIN Share Description
Amerisur 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
  -0.75p -2.61% 28.00p 27.50p 28.00p 29.00p 27.00p 29.00p 5,949,331.00 16:28:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 41.5 -17.1 -1.7 - 338.26

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DateSubject
03/12/2016
08:20
Amerisur Daily Update: Amerisur is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AMER. The last closing price for Amerisur was 28.75p.
Amerisur has a 4 week average price of 27.84p and a 12 week average price of 26.65p.
The 1 year high share price is 33.50p while the 1 year low share price is currently 16.75p.
There are currently 1,208,072,964 shares in issue and the average daily traded volume is 3,081,031 shares. The market capitalisation of Amerisur is £338,260,429.92.
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"
23/5/2016
17:19
responsible investor: I understand that the company recruited a tame “independent” remuneration consultant (no doubt recruited after the shareholders objections to the Directors remuneration awards last year), selected to endorse the requirements of the Board, paid for by shareholders, to advise the Board on LTIP awards to be granted in 2016 to the part time chairman, part time CFO and to the CEO. These of course exclude the cash bonuses which are presumably the domain of the “independent” Remuneration Committee. As a reminder of the remuneration which was paid to the part time Chairman and the part time CFO in 2015 - $344,000 and $447,000 respectively. In addition, as at 20 May 2016, they have each been granted 5.8 million shares fully paid and options on 3 million shares. The CEO had remuneration of $1,700,000 in 2015 and has in the past been awarded 17.14 million shares fully paid and options over an additional 3 million shares. It was proposed by the Remuneration Committee that fully paid performance shares should be issued with a value of 200% of salary for the CEO, 150% of annual fee for chairman, 150% of salary for CFO in 2016. Over the past year crude production has halved, exploration activities have been drastically cut back, the company has had a significant share placement for cash, exploration activities have been drastically cut back and cash balances are a fraction of what they were a year ago. The shares have understandably thus fallen over the past 12 months. Now the Board has the effrontery to issue and in due course vest more fully paid shares in these part time Directors. The timing of the awards announced today (which should have been dealt with at the recent AGM but was carefully arranged to avoid any shareholder debate and objection) was clearly set to occur when the share price is probably at an unrealistically low price - based upon the expected announcement that the pipeline will shortly be commissioned - so long promised - and just prior to an announcement on the initial results from the Paraguay drilling. For the record the Board has granted an additional 1.1 million and 1.0 million fully paid shares (not “options”; as described in the announcement) to the two part time directors worth £302,000 and £275,000 respectively and another 4.2 million fully paid shares worth £1.15 million to the CEO. Rewards for misinformation, failure and lower share price issued conveniently just before expectation of a share price increase.pipeline operations. Are the shareholders of this company asleep that the Chairman was allowed to announce that all resolutions were “overwhelmingly” passed? These egregious awards have occurred in each of the past four years.
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%).
26/1/2016
17:41
fatgreek: Amerisur Acquires Platino Energy To Strengthen Colombia Assets (ALLISS)LONDON (Alliance News) – South America-focused oil and gas producer Amerisur Resources PLC on Tuesday said it has struck a deal to acquire Platino Energy (Barbados) Ltd from COG Energy for USD7.0 million in shares.Amerisur will issue 22.7 million shares to COG to cover the initial USD7.0 million consideration, with a further USD500,000 to be paid, also in shares, once the deal is finalised. No pricing details on the shares were given, but the initial consideration would indicate a share price of 30.83 US cents, or around 21.7 pence.Amerisur shares were trading down 1.7% to 19.66p on Tuesday morning.Amerisur said it will pay COG a 2.0% net royalty per block for the PUT-8 block in Platanillo, the Coati project and the Andquies Block, all in Colombia. All the assets will have access to Amerisur's Ecuador-Colombia interconnector pipeline, which will cut transportation and commercialisation cost for the projects."This acquisition represents a significant new opportunity for Amerisur and is in line with our strategy to expand the company's asset base using the low oil price environment to buy assets with significant resource potential at attractive valuations, while expanding our portfolio of opportunities, thus creating greater flexibility and diversity in our production base and forward planning," said John Wardle, Amerisur's chief executive.
16/10/2015
10:55
kj kelley: With the current oil price situation, one of the first things I look for is the cost of production. For example, I like the look of 88 Energy's upcoming well in Alaska. But with an estimated breakeven price of $52 I am not interested. Oil flowing at 1000bopd at an all in cost of say $40 is not great in the short term. In the long term its a different matter. My initial research relating to Amerisur's current well indicates we might expect a total cost from around $30 a barrel including production and transpotation costs. It is difficult to get precise figures from other companies' information but that is the best I could get. Because of this I am adding a $10 margin for error. While I think the longer term oil price may find a level around $75, I am not confident about the short term oil price holding at current levels. Some experts think it will fall to $30. In other words I find the current well does not have sufficient short term value to encourage me to buy Amerisur at the current share price - I am not emotionally tied to Amerisur. It might be a different matter at a share price of 15p. The latest Amerisur presentation on their website is a good marketing document - as usual I think we all take the timescales with a good tablespoon full of salt. However I could see no reference to the cost of production and transportation for any Lot-2 oil. I expected to see this information but was disappointed. Unless someone asked the question at the recent City presentations, I assume II's were disappointed as well. I just don't understand why Amersiur are not open and upfront about the breakeven price for Lot-2 when a small company like 88 Energy are so completely open and upfront about the breakeven price. Overall I think Lot-2 may be seen as a damp squid in its effect on the share price in the short term, especially given the current volatility in the oil price and the hard hat situation that aceuk was referring to.
01/3/2015
16:43
kj kelley: To All, Do you mind if I go back to the award of share options to directors? As many commented the award seems at best unfair and at worst greedy. Unfair why? Directors are paid a salary for running the company and it seems to me that project managing the pipeline is a normal part of directors and management duties. In any case it is a role for the MD ant not the non-executive chairman and FD. So the pipeline should be excluded from the package. A second reason for it being unfair is that shareholders suffer a massive 3% dilution because of the scale of this award. The directors tried an excessive award in the past and institutional shareholders prevented it from being implemented. A third reason for it being unfair. If the oil price were to recover to $100+ over the next 3 years the award would be triggered by the accompanying increase in the share price alone. So the share price used to trigger an award should be index-linked to the oil price - hardly rocket science! A fourth reason for it being unfair is being based on the current share price. Many USA fracking companies sold oil forward last year at prices in excess of $100, which is why they have been able to maintain profits for so long this year. If Amerisur’s directors had shown the same foresight and sold production forward, the share price would probably be much higher than it is now. So what could be a fair basis for options to be granted? Very simply, exclusion of the pipeline element. That reduces the options award to a 1.5% equivalent instead of 3%. Then for such a high award the options should be triggered by a link to the share price reaching 10 times the share price in three years time. Is ten times excessive? It's demanding but the potential is there. But if its excessive then reduce it to 5 times to the share price indexed by movements in the WTI oil price. However, perhaps a better solution would be to reduce the scale of options granted to a tenth (0.15% of shares in issue) and make an award annually over the next ten years. Is the award greedy? Well, perhaps. If I understand the announcement correctly, the options are exercised at par value 0.1p per share. Does this mean that directors pay only 0.1p per share for them? If so this is not greedy, its unbelievable daylight robbery and grossly unfair. Any excercise price, IMO, should be the base price for share price growth of 37.22p indexed for movement in the WTI oil price. One last point! Stephen Foss, in the RNS said "The Remuneration Committee has set very specific and challenging targets which, if met, will align management with shareholder interests.” How can this align their interests with shareholders interests, if they can suffer no loss, do not have to put up money to buy shares and do not suffer dilution of their investment money? So what’s the point of writing this post? It's to motivate all shareholders to vote against the appointment of Stephen Foss as an independent director. He has shown a level of ignorance of The UK Corporate Governance Code (2010) and its interpretation, e.g. (FT.com/lexion summary): "the Remuneration in many sectors, especially banking, was unfair and irresponsible as indicated in the UK House of Lords, raising the importance of remuneration committees in overseeing the fairness of such compensations." In my opinion, the work of the remuneration committee under chairmanship of Stephen Foss has been incompetent and unfairly generous to directors/management and unfairly punitive to shareholders. If anything additional can be done to reverse this award .... . I'm sure many shareholders would like to hear it.
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