Amerisur Resources Share Discussion Threads

[davwal] 25/9/2017 08:22

Meanwhile, the big boys yawn and another tumbleweed rolls across the Amerisur desert...

[tsmith2] 25/9/2017 08:21

Just do the maths......serious dosh

[foiledagain] 25/9/2017 08:15

"Daily throughput is currently 6,500 BOPD and as a result of OBA use average cash opex/bl including transportation has reduced from $27.2 in 2016 to $17.7 in H1 2017 and will reduce to below $15 once its throughput reaches 7,000 BOPD."

7,000 is that raising the previously quoted 5,000 to achieve same result?

[rollthedice] 25/9/2017 08:13

Operating costs have shrunk by $9.5pb as well as netback improving with higher price pb realised.

[mrx001] 25/9/2017 07:56

Well looked good to me, making $$'s growing production. I'm optimistic for an increase in the share price today. Let's see.

[fadilz] 25/9/2017 07:48

Not finished reading yet, but
- Exciting: end 2018 could see reserves at 100-200m! (CPO-5 figures at last)
- Niggling: further production 'downtime' in September, but social issues now 'largely resolved': hm... I am prepared to believe this is temporary, but they are not open enough.

A lot of new information in this release, and to my mind genuinely exciting.

Should double by year end and at least re-double by end of 2018. I will put the numbers through my model tonight

[foiledagain] 25/9/2017 07:47

The criticism is because Amerisur is capable of so much more and it still gives the impression they are holding back.

Its still head and shoulders above most of its peers, price wise and potential wise, but yet to reach that potential.

[foiledagain] 25/9/2017 07:42

it still gives the impression of not trying to impress as if there is still a seller, but as ever shareholders given no information

[tsmith2] 25/9/2017 07:41

in excess of 7000BOPD.

[foiledagain] 25/9/2017 07:40

Still an underperformance and over administered based on bolstered BoD. So any increase is distributed amongst those who are directly responsible for day to day, month to month, year to year running of the company and who have presided over a catastrophic share price drop.

[dave19w] 25/9/2017 07:27

Looks pretty good to me! It's not all about BPD, amazing margins, increased profit and currently 6,000 BPD. Many companies would kill to have that.

[blackdown2] 25/9/2017 07:20

Pretty much as expected. As ever, patience required.

[9barracuda] 25/9/2017 07:16

Hmmmm, still looking for exit of 7000 bopd

[seball] 25/9/2017 07:16

Excellent now generating $$$. Money going in the bank. Guidance revised down to 5000 bopd average but all issues now resolved and producing in excess of 6000 bopd. Still keeping 7000 bopd target for end of year and plenty of drills to come. Overall solid of results

[retailronnie] 25/9/2017 07:14

Looks good to me.

"Through system optimisations and other factors in Ecuador, throughput in August averaged 5,888 BO per operational day, with a peak of 10,127 BO in a 24-hour period.

The Company's focus is to further increase the export of its crude through the OBA and progress further commercialisation options. The technical capacity of the transfer line is approximately 50,000 BOPD and the system has a currently installed export pump capacity of 19,200 BOPD. A third pump will shortly be installed at Pad 9S, raising export capacity to 28,800 BOPD. Negotiations continue with Petroamazonas regarding increasing throughput via focussed investments in Ecuadorian infrastructure.

Daily throughput is currently 6,500 BOPD and as a result of OBA use average cash opex/bl including transportation has reduced from $27.2 in 2016 to $17.7 in H1 2017 and will reduce to below $15 once its throughput reaches 7,000 BOPD. The Company is confident of obtaining capacity to transport further increased production levels via OBA in due course, however the Company holds additional export and sale options should production exceed transport capacity on a day to day basis."

[3roach] 24/9/2017 22:13

Optimistic about tomorrow else wouldn't still be here after more than a decade! As for transformational, train leaving the station, imminent, £1 by Xmas etc etc...sack of salt rather than a pinch. Been here to long...
It would be nice if, just for once we did actually get a decent update and sentiment turned, good luck all long termers. :)

[davwal] 24/9/2017 21:29

I'm not holding my breath. So-called good news has for months been treated with disdain by MMs,and it's hard to see how that will change with a few upbeat words tomorrow from the MD. I'd not even be surprised by another drop in the already pathetic share price We'll find out soon enough...

[mrx001] 24/9/2017 20:19

All quiet here, lets hope for some good results tomorrow! :0)

[foiledagain] 22/9/2017 18:22

If, and it is IF there is a seller and if it is RH then the BoD might not want anything to assist a higher share price as it was ages before Amerisur even bothered to get the Company Registrar to confirm RH was indeed selling and where as others mention there has been no RNS from RH which may suggest the transaction to sell shares is not finished. We need a bit of transparency given to shareholders as to what is the status of RH's holding rather than the I see no ships philosophy when it comes to informing shareholders.

[blackdown2] 22/9/2017 17:43

Monday's results are about the period 1/1/17 to 30/6/17. Should be significant progress since then re pipeline capacity, production and reserves. Then there is CPO5 testing. Hopefully the presentation will be bullish (and pragmatic).

[laptop15] 22/9/2017 17:32

Mondays interim results are all about the financials, throughput and production figs..... i expect AMER to be profitable and the OBA to show its worth in the cost savings to the bottom line :)) i have messaged malcy some questions to ask in our AMER shareholder group on twitter. If anyone would like to join the group please follow me on Twitter chris brown and message me and i will invite you. We have a few places left.

[westmoreland lad] 22/9/2017 16:33

So have I kilgallp -- only 100k just now @ 16p. The market is saying Monday's
presentations will be a none event, however someone once said buy when all others are fearful. I believe there is nothing wrong at AMER but also accept we have to be rid of this constant seller / manipulator in order to move forward.
I can wait.

GL ALL !!

[kilgallp] 22/9/2017 16:25

Added a few, hoping the price recovery starts Monday.