Amerisur Resources Share Discussion Threads

[foiledagain] 16/3/2017 17:24

Some concern still remains over lowly sp, and whether with acquisition there might follow a placing, as front running would be clear but much would need explaining

[doughboy66] 16/3/2017 17:21

Thanks ML , ok back to the waiting game.😁ԅ13;

[moneylender] 16/3/2017 17:09

just for the breadman!! lol

weekly cloud chart. As you can see the lagging line is still beneath the cloud as is the price, both marked orange circle. Until those levels clear the cloud this is still in neg territory. Patience still needed.

[francis55] 16/3/2017 17:01

I told you all do.. lol...

[doughboy66] 16/3/2017 16:35

I hope so but how long have I been telling myself exactly that.😂

[blackdown2] 16/3/2017 16:31

With a positive OBA update, and decent drilling result news, quite a bit higher.

[doughboy66] 16/3/2017 16:28

It's would be nice to have the chart experts amongst us give their opinion on where we could be heading.

[eddie_yates] 16/3/2017 16:21

I doubt it very much trotting but more than happy to be wrong!!

[trotting12] 16/3/2017 14:48

This could double in sharp order ,,,were in great shape and cheap oil !!

[fadilz] 16/3/2017 14:14

1bn barrells, 50k bpd production, $40 profit -> £4

Just a bit of fun, but we can dream, eh?

[eddie_yates] 16/3/2017 13:01

Cheers Dave

[bigwavedave] 16/3/2017 13:00

Eddie - it was in the Petro Dorado deal 2015.

[eddie_yates] 16/3/2017 12:49

Did Amer already have an interest in Tacacho?

Page 2 states they have acquired 50.5% but also states post approval 100% working interest will be held.

Pretty self explanatory but I don't recall hearing of this block before.

[westmoreland lad] 16/3/2017 12:39

From Malcey this am --------->

Amerisur Resources

An acquisition this morning for AMER who have paid Pacific E&P $4.85m plus modest royalties for what looks like another really value adding deal. The vendor appears to be to a certain extent at the whim of its banks and accordingly is taking what to me seems like a knock-down price for the exploration assets whilst keeping the production. This suits AMER as they get really large stakes in prime blocks, mainly adjacent to the OBA pipeline which they can farm-down in due course as they have done before. With a number of these blocks under force-majeure there is little or no capex requirement and they are ‘commitment light’ so AMER can pick the off at their leisure especially the 100% ones. The Put-12 and Platanillo look obvious targets as they are so close to the OBA and would be economically the best as well as the T and U sands in Put-9.

I see this as being analogous to previous deals where John Wardle has ended up with a host of leads and opportunities as well as selling of a small piece which pays for the whole deal. Amerisur has been weak of late as the market gets impatient about the lack of drilling short term but there is much to come including the current one. Even after today’s rally the shares are a compelling buy for significant long term value connoisseurs.

[westmoreland lad] 16/3/2017 11:59

also -----------

Oil prices extended gains on Thursday as an unexpected drop in U.S. crude stockpiles boosted market sentiment.

Brent crude, the global oil benchmark, rose 1.1% to $52.36 a barrel on London's ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 1% at $49.34 a barrel.

[al101uk] 16/3/2017 11:56

Well this is looking exciting again, presentation looks great. I think it's safe to say that of all the things GC can be accused of, a profligate spender is not one of them. With Malcy's clarification on the bottleneck (not an issue effectively) and GC reaching in to the coffers to make another acquisition based on the same strategy I'm feeling mighty re-assured.

Enough to make a top up... nope, I've got far far too many and this last few weeks has made me realise that I'm outside my comfort zone.

[tsmith2] 16/3/2017 11:45

Descending triangle break out on charts

[shanig] 16/3/2017 11:37

Feeling the corner has been turned. Looking forward to a stream of positive news now. Obviously a lot good on behind the scenes. Certainly feeling much more positive.

[juuunx2] 16/3/2017 11:28

Lucy- your not as you are Leicester fan....,

[mintington] 16/3/2017 11:27

Great presentation ....you can really see how these land holdings are coming together.....fast forward 5 years and who knows where the share price could be.....also greatly enhances any future take-out offer

[bigwavedave] 16/3/2017 11:22

Presentation:

[moneylender] 16/3/2017 11:19

Baz "all too late for me" Dont tell me you have sold after all these years?

[bigbas] 16/3/2017 11:16

Lucy - I do think that JW IS that shrewd - and I am hoping that he would have known about the pumping station problems and the squeeze it might have put on others.

In the meantime - thye oil stays in the ground - hopefully accumulating value - until a time that they decide to pump !! Unfortunately , all too late for me

[bigwavedave] 16/3/2017 11:13

Go to new thread:

[dayway123] 16/3/2017 10:57

This is fantastic news and very welcome.