Amerisur Resources Share Discussion Threads

[currypasty] 06/1/2017 10:34

got another 40k, hope your right trotts

[trotting12] 06/1/2017 10:20

Bit of price action, amer has some making up to do considering the strength in oilers

[lucyp00p] 06/1/2017 09:58

Surely shome mishtake there Tony. Nobody is that cynical

[tonyrelaxes] 06/1/2017 09:40

Usually -
- a crummy hotel outside Cardiff that cannot even provide eggs at breakfast, despite a Tesco opposite their Staff entrance.
- early May.
- early morning, 9.30ish, because the 'city non-execs' (with no oil experience, now the majority of the BoD) want to get off for lunch and London to meet far more important people than PIs who had travelled many miles to attend.

[dayway123] 06/1/2017 09:11

Does anyone have any information on the AGM. Where its being held, date and times?

[android2] 06/1/2017 08:11

While looking for drilling in Paraguay i came across this that may be of interest here for Colombia

hxxp://www.elespectador.com/noticias/nacional/los-guardianes-del-yage-acosados-una-petrolera-articulo-673366

think it concludes that despite local objections things will go ahead (although i think some yage may need to be taken to understand any google translation)

[lordyjordy1] 05/1/2017 17:57

How do you know they had a huge xmas bonus?? did I miss something

[francis55] 05/1/2017 17:39

I think a ruffeling of the feathers is on the csrds at the AGM.

[currypasty] 05/1/2017 16:20

someone will want to snap us up before everything is up and running, and our price increases

[bigwavedave] 05/1/2017 16:17

That's a bit like an alcoholic saying he doesn't want a drink tonight.

[valentine] 05/1/2017 16:06

If the acquisitive chairman can emphaticatically say he will neither receive nor be granted options in the future you wonder how and why he is so certain. May is four months away.

[foiledagain] 05/1/2017 15:50

In my opinion it might be the last AGM?

Heard some time ago that Amerisur was likely to be sold.

I think the divesting of option shares at silly money might not have been their choice.

The next current well result might shed light on that

[lucyp00p] 05/1/2017 15:04

I'm not sure I will go this year. In the past I have been a suckered for over promises and subsequent under deliveries. JW talks a good game but one can't help but feel that he is a glass 80% full superoptimist where a dash of reality down side would be welcome.

[mutantpoodle] 05/1/2017 15:02

qq expect some over delivery soon !
uq

and not a moment to soon!! LONG overdue

[francis55] 05/1/2017 14:38

Who is going to AGM?

[oilandgas1] 05/1/2017 13:47

Giles is now also in borrowed time, amer need to deliver a number of things (listed in previous recent posts) in q1 2017.

[3roach] 05/1/2017 13:37

Bloody hope so!

[trotting12] 05/1/2017 13:33

Like him or loath him Giles will want to reaffirm his reputation ,as the man that delivers ,,expect some over delivery soon !

[lucyp00p] 05/1/2017 13:23

Sod the RNS just fix the bloody pumphouse

[currypasty] 05/1/2017 12:21

the best way forward for the BoD to pacify shareholders after our anger of the huge Xmas bonus they had for failure... is to give us a decent RNS, and soon!

[charlieeee] 05/1/2017 11:19

FA

I am not in disagreement with your sentiments at all, but I have shifted my focus from the revolting greed (now laid out in public, probably kind courtesy of our disgruntled major shareholder making good on a promise) to the delivery of targets.

What the BOD need to feel is that failure to make the 7200 BOPD in Q1 or sort out the OBA problems so that at least the 5000 BOPD originally agreed goes that route (and that, after all, is what they were prematurely paid for)is a new public hanging offence.

[dayway123] 05/1/2017 11:10

Totally agree foiled.

[foiledagain] 05/1/2017 09:57

charlie

The investors didn't seem to want to move on this time and good job too.

This is not a one off, the lack of information to holders has been a systemic problem.

I agree the greater profit per barrel is almost more important, and in my opinion it is more important for longer term profits.

But we can't gloss over the furore and disgustingly lax option awards for projects not even completed and still not completed by moving on or forgetting history

Those that do not learn from history are doomed to repeat it

The BoD should not be allowed to forget history lest they repeat it

[blackdown2] 05/1/2017 08:27

Well said. However, they do need to keep everyone informed when things go wrong - as they did before Christmas when the expected pipeline usage increase failed to materialise.

[charlieeee] 04/1/2017 19:21

Graham

Well, I can start the ball rolling with SLP.

Feb. 2016 options issued to directors and management (out of buy shares ex COMPANY PROFITS) and tax liabilities only settled for "certain employees" and that again effectively out of company profits, in a small sum, with zero dumping of shares on the market: an intelligent scheme out of and rewarding bottom line achievement.

Whilst I have thoroughly enjoyed the rotten egg throwing at those who set themselves in the stocks by their own unbridled greed, it is time to move on and focus on current delivery as promised (unless we are to have a second round of public humiliation for continually failing to deliver).

As I said earlier, sorting the OBA to achieve greater profit per barrel is almost more important than the 7200 BOPD target (both, of course, would be most acceptable). They need to start updating with actuals, so that investors can make properly informed decisions: a little honesty does help offset a lot of the greed.