Amerisur Resources Share Discussion Threads

[tsmith2] 20/4/2017 15:17

Wonder if our seller was cleared with those 9.5mn trades?

[tsmith2] 20/4/2017 15:14

At some point these have got to snap up

[eddie_yates] 20/4/2017 14:57

I'm not sure which of the chopper squad is the bigger tool!!!

[charlieeee] 20/4/2017 14:53

From a reserves point of view, it is a superfluous question, since it has already been addressed by the independent consultant, in the reserves report, who, with all relevant information to hand, will have considered economic viability (including the improved profitability resulting from the OBA and recovered oil prices). Any calculations of share price should be based on those figures, plus an uplift for the new potential, of course.

With the OBA restraint, would it make a difference to the share price to increase BOPD significantly (eating into reserves at speed), but with greatly reduced profitability per BOPD, which would show up in the next set of figures?

If this is being groomed for sale, the picture to be presented is maximum profit per barrel, maximum reserves, maximum acreage: in short, maximize appeal from every angle.

Seeing the strategy sometimes makes more sense of the detail.

[francis55] 20/4/2017 14:53

Marnewton just 4 the record 16 years flying some of the most advanced technology known to man, ego is an absolute requirement when logic fails which at SS speed often does. Lucy you are correct in thst i am a chopper freak.

[squiresquire] 20/4/2017 14:21

FA

I give way to your superior tenacity and spare time.

[foiledagain] 20/4/2017 14:11

marnewton. Don't worry I haven't invited you.

Agree to some extent about ego's though. But another thing that gets you killed is rash judgement about someone or something someone does not know anything about.

squire: no I'm not. I contacted Amerisur to qualify that because I wasn't take the word of an unknown poster. The reply was all was well (excuse the pun).

What is important is what effect these wells would have now on Amerisur sp, and why nothing has been said of them and does anyone really thinks that's not a relevant question?

The point is if what I was told is correct and those wells were only taken off line because of low oil price, that has changed as the oil price is higher, but the failure of Amerisur to answer a simple question about their status makes no sense.

If it makes sense to you to keep that information away from shareholders, good luck, but its not an investment strategy I have and judging by a poster listing the wells, its not a judgement by some others.

It will be answered at the AGM, but it would help to clear any doubt now and would reflect very positively if they are able to produce as they did prior to oil price dropping, as it would make that target production so much more achievable.

[valentine] 20/4/2017 13:50

Ditto mar.

Odd some much news in a hurry following the city and RH dyspepsia. Embarrassment of riches eh? And shareholder concern from GC. What's happening in Ecuador with the licences?. We need them to truly derisk by having a second territory. Maybe they can tell us at AGM unless someone gets in first eh?

[sleveen] 20/4/2017 13:49

Let it lie: enjoy

[marnewton] 20/4/2017 13:41

As a former commercial helicopter pilot I wouldn't like to be passenger with either of the two owners here, it's egos that get you killed:¬(

M

[lucyp00p] 20/4/2017 13:26

I was told you already had one

[francis55] 20/4/2017 13:21

I own half of the Mcdonald franchises in EU. I need a huge chopper.

[lucyp00p] 20/4/2017 13:19

I own a drone, 3 motorbikes, 3 cars, a small hotel and 20 properties. It doesn't make me NOT a tool in the eyes of many and I doubt a company chopper would change that.

[squiresquire] 20/4/2017 13:15

FA

The real problem is you are asking us to put the word of an unknown poster, from a long time ago, against the word of the management. If your source is so accurate, why is he or she not asking the question themselves? I suspect you have some kind of agenda here and are being a little, what is the word? er 'disingenuous' ? What makes you think the management want to keep replying to your repeated requests for the same question to be answered? Are you so important?

[foiledagain] 20/4/2017 12:47

500 shares. ROFL

[moneylender] 20/4/2017 12:31

From Malcy

Amerisur Resources
The good news from AMER just keeps on coming and today’s announcement is no exception. The well on Platanillo-22 has flow tested at 613 bopd ‘materially217; in excess of the pre-drill estimates of 300-400 b/d. (it was also slightly better crude at 31.5º API than the main Platanillo field) The crude is already on production and is being trucked the short distance to the OBA pipeline. It gets better, it seems that PAD 2N is a separate closure to the PAD 3N and the greater Platanillo field and the oil/water contact is deeper than the main field.

Accordingly, the PAD 2N recoverable reserves are now calculated at 7.82mmbo up from 1.4m and with the rig now mobilising to drill Platanillo-21 from PAD 2N more good news might be around the corner. The shares are up 7% on the news but at 22.5p are still significantly undervalued.

[big7ime] 20/4/2017 12:24

FA you're probably a really nice bloke but you come across as a bit of a tool. The BOD have a co to run, they aren't there on their iPads like you to answer an obsessed PI with 500 shares repeated question.
They answered you, that's great. Now send your "representative" lol to the AGM and I'm sure they will answer again that these wells can be drawn on when they wish. I.e.at the most profitable for the co.
Now give it a rest and enjoy the fact it was good news today and get out enjoy the sunshine

[aceuk] 20/4/2017 11:48

Gave up on the KENV thread some time ago al101uk - I like enthusiasm and optimism but there are limits ;-)

[foiledagain] 20/4/2017 11:35

What's fake? Your comments about speculation when they were in an Amerisur RNS? Your comments about never being brought up before when these points were brought up on Amerisur bb along with the poster suggesting they could not produce?

Seriously you should be thinking about what the share price could/should be today if we even get confirmation that these other wells are still capable of producing?

Just look at the list.

Just a confirmation of news is all that is required to make this fly? Why would anyone not want confirmation about these wells taken off line through what was suggested to be oil price related reasons, which for the record I supported.

[foiledagain] 20/4/2017 11:30

squire. I was told some considerable time ago.

It was brought up again on this bb by another poster, and after such time I believe it was quite proper to ask again....NO REPLY.

If they are able to be brought back and looking at oilandgas's post, do you realise the positive effect this would have after today's announcement?

Charlie: No you are incorrect. Reserves are proven on a specific basis, and they can go up or down after that event, whether extracted or not and in fact not extracting them can cause the reserve to go down. Sounds crazy I know, but that is how they are worked out.

There's no point in even suggesting otherwise as Amerisur themselves explained this in an RNS.

That's why these other wells could provide 'take off' to the sp, especially after today's good news.

My representative will be at the AGM, so no worries there.

[big7ime] 20/4/2017 11:29

Of course they are still reserves, If he is that bothered perhaps he should go to the AGM and perhaps with his susceptibility to bulletin board rumours and conjecture should reconsider his investment strategy.

[charlieeee] 20/4/2017 11:12

"If you take wells off line, reserves will reduce, Amerisur stated as much previously"

The problem with that, is it can be taken out of context.

Reserves, once proven, are obviously there physically until extracted.

Fluctuations in the price of oil (which may result in closing in wells)can change reserves simply because they cease to be (or become) economically viable. Normally, the viability test is determined on long term forecasts and therefore short term changes do not result in constant fluctuations, but it is hard for any independent consultant to ignore the fact that wells have been shut in for precisely that reason, unless they can be shown sufficient evidence to demonstrate that this is temporary.

Given that reserves did not change by much in 2016 (and 2017), it would seem that wells taken off line (Q1 2015, according to the reserves RNS) are expected to return to production and therefore there has been neither a decrease nor will there be an increase in respect of these "old" reserves. (That information comes from the annual reserves update and I have not trawled through every RNS for a blow by blow account).

Hence my comment that it might be a strategic decision to use OBA capacity for activities that add "new" reserves: a potential addition of 6.42 MMBO is significant in the context of declared 1P reserves of 15.11 MMBO.

[oilandgas1] 20/4/2017 11:09

@foiledagian .. a copy of that post

I think these figures were from April 2014:

Iguasa-1=20
Alea-1R =0
Alea-1R-ST=700
Platinillo-1-ST=530
Platinillo-2=100
Platinillo-3=1500
Platinillo-4=500
Platinillo-5=1500
Platinillo-6=1150
Platinillo-10=1000
Platinillo-11=1500
Platinillo-9=730
Platinillo-2-ST=1000 (on test)
Platinillo-12=1450
Platanillo-14=Testing
Platanillo-7=1300
That's over 10,000 bopd... what happened?

Definitely a question for the board at the AGM!!