Amerisur Resources Share Discussion Threads

[9barracuda] 14/2/2017 13:04

Hehe nor can I!

[9barracuda] 14/2/2017 13:03

FSA you can even write/speak coherently so I doubt you're a clever investor either

[bigwavedave] 14/2/2017 12:55

The best place to raise questions is the AGM, obs. But only a few of us ever attend.

Giles Clarke will not resign. He will sell up but he will not resign. Get used to it.

[oilandgas1] 14/2/2017 12:49

Similarly, they never reply to emails!!

Maybe one of the INstitutional investors would have more luck! ( blackrock, l&g, etc)

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

[currypasty] 14/2/2017 12:35

"get a personality transplant "

well that made me laugh at least.. must admit they have never replied to my emails

[al101uk] 14/2/2017 12:25

Currypasty,

Have you ever tried to contact Amerisur, it's virtually impossible to get anywhere as people involved in the Shareholder petition some years ago will no doubt testify.

In any case, what would I say, stop the delays, get a personality transplant and start communicating with the private investor community.

[ladeside] 14/2/2017 12:10

While most of us here are in profit and have all in all done pretty well from Amer, let's face it, you'd be pretty scunnered if you only bought the story at the 50p + levels......

[currypasty] 14/2/2017 12:08

perhaps you should ask the company for clarification/ comment on your points

[al101uk] 14/2/2017 11:43

The good:

Changed partnering for OBA (3rd party oil) from "discussions ongoing" to "– plans being agreed with PetroAmazonas

What does this mean?

The bad...

Delayed, delayed, delayed and delayed.

Not sure if doing things like removing exist rate projections is good (no false promises) or bad (not expected to hit what was promised).

[al101uk] 14/2/2017 11:42

OK, Nov vs Feb side by side, rough notes:

Timescale changed from 15-18 months to 12-18 months
Updated the bopd for Colmbia from 2015 to 2016 figure
Added PUT9 (subject to approval)
Increased PLAT production to rate to date from 6.98 to 7.68 million barrells, 700Kbopd produced since Nov then!?!
Reduced current production from 4500bopd to 4400 bopd
Removed targetted exit rate for 2016 and replaced with "2016 exit production rate impacted by social issues, but solution expected soon"
Added "OBA transport increased from 1500 to 3200 bopd, expected 5k in Q2"
Fleshed out appraisal progress on Plat N Sands
Increased from 1 to 2 infill wells completed
Increased from 2 to 3 drills for Northern Plat
10 KBO Tank completed
Delayed contstruction of PAD5-PAD9 connector by 9 months
Increased PLAT20 rate from 720bopd to 810bopd
Changed ramp up of OBA from "in weeks" to "as de-bottlenecking advances"
Changed partnering for OBA (3rd party oil) from "discussions ongoing" to "– plans being agreed with PetroAmazonas
"
Tweaked cost vs price, price up considerably, cost up a little.
Added PUT9 resource at 53.9 MMBO (P50 gross)
CPO-5 delayed from May to June 2017
Removed Anaquies slides
Drill P-22 - Delayed from Q4 2016 to Q2 2017
Drill P-21 Delayed from Q1 to Q3
Drill P-IF 1 delayed from Q2 to Q4
EIA N Sand Alysis added, Seismic removed (completed)
Consultation on Coati stretched to Q3 2017 from originally to finish Q1
LTT Coati 1 delayed from Q1 to Q3
Put12 delyed Stage 1 2d from Q3 2016 to Q2 2017
Deleyed stage 2 Seismic from Q2 to Q3
EIA for PUT12 added.
CPO5 drills delayed from Q4 2016 to Q2 2017
Changed 2017 exit rate from 9kbopd to "rising production through 2017"
Reduced "Value created by management team"from £278 milion to £213 million.

I hope that's not how we put up the for sale sign.

[fsawatcher] 14/2/2017 11:23

oilandgas1

they aint goin to do 7200 in 2017

read the presentation

where the new oil production comin from?

heads gotta roll

can't blame land disputes

no investment or acquisitions gonna hapen in colombia until land disputes issues go away

[fsawatcher] 14/2/2017 11:21

currypasty

since i wrote that, amer not hit one target

i dont stay invested in company that fails to deliver

I make money work in other stock with promise

amer management not goin to survive agm

i buy back when new management team arrive

[oilandgas1] 14/2/2017 11:10

Revenue generation estimate:

Debt = 0 (35m raised in mar16)
Cash at 30jun = $52m

Assuming 4400bopd and 3200bopd via ObA:

Q3 avg poo $45: revenue of 6.9m (no OBA)
Q4 average poo $55: revenue of 13m OBA from 27oct)

2016 revenue h2 estimate: 19.9m
2017 h1 revenue forecast poo at $55: 28.6m
2017 57.2m with NPT = 0 ( no outages)


Cost reduced opex $27 to $15 via OBA
Capex 2016 $62m 18m relates to the completion of the OBA (double planned!?)
Capex 2017: $52.2m

On top of all the other delays with OBA, the lack of forward planning, and another 3 months delay, if the new directors cannot fix ( plans, delivery, communicatiins with the market, new II , etc) with GC and JW then GC/ JW must go in may17.

[valentine] 14/2/2017 11:00

Not a bad Valentine's day missive. Be nice to see some effect soon.

[trotting12] 14/2/2017 10:41

Fsa,, your sounding a little rattled ,, just up your buy order and get back in before this starts to motor !!

[sleveen] 14/2/2017 10:00

I expect an uplift to reserves following POO increase of late compared to last year's POO and the OBA in operation.

[fsawatcher] 14/2/2017 10:00

this is how this management communicates

they just slip bad news into an old rehashed presentation and hope peeps dont notice

news on wells bein moved to end of year from H1 deserve rns

wot the point of puttin in old cash balance from nov presentation?

why they not udate that?

Coz they sneeky little xxxckers

[fsawatcher] 14/2/2017 09:56

"fsa, have you sold up by any chance?"

I sold up at 31p and 32p last year coz Giles and management lost backin of large II coz they miss so many deadlines

company in trouble now and agm comin soon

nuffin happenin here until q4

[fsawatcher] 14/2/2017 09:54

they could have given you updated cash position as of Jan 2017 but they dont want to

you know why

they put all wells back to end of year

Gilesy boy and JW look like they preparin for a battle to keep their jobs

lots of turmoil comin in next 8 weeks

management failed on massive scale

who's payin for the pumpin station..... you guessed it... more equity placin needed ? but II's want blood so gonna be deeply discounted i reckons

[currypasty] 14/2/2017 09:52

fsa, have you sold up by any chance?

[fsawatcher] 14/2/2017 09:50

they got big problems

they pushing wells back into H2 when they were doin them in H1.

This company just keep delayin stuff all time

they not goin to be doin 7200 any time soon

big turmoil comin at agm as rex not happy and bod's now missin well spud targets

this company become a shambles

18p comin coz there nothin happen here until Oct and that prob wont happen

[trotting12] 14/2/2017 09:49

Guys the bod are trying to get the word out ,,, this will soon be reflected in the share price ,,, 44p bid price ? I think we'll get a lot more than that !