Amerisur Resources Share Discussion Threads

[bad gateway] 20/7/2017 12:18

Couldn't keep it at the lows though, see what happens if we're gifted $50 oil.

[dayway123] 20/7/2017 12:10

The seller still has control of the share price.

[juuunx2] 20/7/2017 11:11

And so the selling starts again

[trotting12] 19/7/2017 20:05

Foiled again ,,your memory is good ,,doesn't the anh meet once a month ,,once they have rubber stamped cpo5 as a commercial discovery we should get a rns regarding flow rates during testing ,and what the flow rates are lightly to be once put on production

[davwall] 19/7/2017 16:59

At least POO is on the up.

[davwall] 19/7/2017 16:51

One can only assume the short-term test result data is now known, given they are proceeding with three contract tenders relating to LTT - presumably with official blessing. The AMER update regarding the STT results must be forthcoming, along with news of the LTT programme.

[foiledagain] 19/7/2017 16:20

Everything goes through the ANH first, if its lodged as a new discovery

[westmoreland lad] 19/7/2017 16:15

or perhaps ONGC Videsh do not wish to announce the results at this stage ?

[lucyp00p] 19/7/2017 15:46

Perhaps they have been asked to wait until the test results are published.

[davwall] 19/7/2017 15:08

The fact ONGC Videsh are tendering for plant construction to support long term testing seems worthy of an official update from AMER to my mind. This in itself has to be considered a significant event capable of moving the sp, Shirley...?

[trotting12] 19/7/2017 13:36

I believe jw described it as the cleanest sands he'd ever seen ,,,booooom!!

[foiledagain] 19/7/2017 12:59

I believe they know they have a really decent find on CP0-5 and finding light oil sends out good signals that it could be a substantial new find.

Don't expect massive production during testing, as it will often be restricted production and periods the well may not produce to establish the data required, but establishing the resource should prove very useful to ONGC and Amerisur given the acreage.

But it has all the hallmarks of a very decent find.

[bigwavedave] 19/7/2017 12:15

Also,
"In order to maintain smooth operations in the CPO-5 block, social management is a critical activity in order to establish relationships with the relevant stakeholders established in the area of operation of CPO-5 Block.
This activity is not only a license requirement but also a strategic activity that must be executed aiming to the long-term exploration activities and the sustainability of business. It is also necessary to establish a communication channel with the local community and authorities in the area of CPO-5 block."

Key words here: "Long term exploration."

[meneither2] 19/7/2017 12:13

The agm is not imminent so updates may be limited ......

[lucyp00p] 19/7/2017 12:08

An update? How long have you been posting here? Update - ha!

[trotting12] 19/7/2017 11:56

So have theydone the testing on cpo5 ??,, looks like their putting production infrastructure in place ,,, so are we due a update , testing was due to finish on July 10th

[bigwavedave] 19/7/2017 11:51

er...an imminent one...?

[bryet] 19/7/2017 11:33

Which year?.

[bigwavedave] 19/7/2017 10:35

...by Christmas!

[eddie_yates] 19/7/2017 10:03

A 5 bagger from here would do me as I'm not greedy!!

[doughboy66] 19/7/2017 09:37

Well I could get used to this, a third positive day in a row, well so far anyway.
Hopefully news that they have spud Plat 25 anyday now.😊

[foiledagain] 19/7/2017 08:52

Interesting leaks in NY Times. In the main its about shale gas, but it shows how hype overtakes reality.



includes some interesting comments on shale oil.

March 17, 2011 at 10:49
Subject: RE: Recent Paper on Overbooking

"Unfortunately CHK is not letting me view this article here at work."
1 You are completely correct about questioning the life of these wells. Our engineers here project these wells out to 20-30 years of production and in my mind that has yet to be proven as viable. In fact I'm quite skeptical of it myself when you see the % decline in the first year of production. In some of the wells they are great wells and will provide significantly for that length of time, but some of these wells die off rapidly. So while I'm sure you will be producing these small wells in 20 years, I dont necessarily count 40-50bbls a day as real production.

[laptop15] 19/7/2017 08:41

Up she goes again!!!

[33mick] 18/7/2017 20:58

....making news in HongKong

[broncowarrior] 18/7/2017 18:27

Back to the 20s in short order I reckon.