Amerisur Resources Share Discussion Threads

[boris cobaka] 12/10/2017 09:26

dav - no volume at all. V quiet considering - expect the first batch of AT trades to hit fairly shortly. That'll correct the share price

[davwall] 12/10/2017 09:21

SP down, yet the market says it's up .75p or 3.95%. Huh..?

[al101uk] 12/10/2017 09:01

"Large trucks typically have capacities ranging from 5,500 to 11,600 US gallons"

42 Gallons = 1 Barrel

130 to 276 barrels per tanker.

Between 1950 to 5520 bopd per day

Doesn't really tell us much ;-)

[davwal] 11/10/2017 22:10

I took a stab at 10,000 US Gal, which is nearer the large end tanker, which equates to 238 barrels. So I think it works back to the previously stated production during the ltt (4600ish bopd?)

[blackdown2] 11/10/2017 22:01

How much oil per tanker load?

[davwal] 11/10/2017 21:42

Below taken from the latest ONGC tender for Mariposa-1. Note the anticipated and possible term of the LTT.

SCOPE OF WORK
Hiring of Water Sprinkling Service

The Long Term Test (LTT) Operation for MARIPOSA-1 Well in CPO-5 Block is planned for 180 days initially and can be further extended for similar 6 months. The produced oil from this well will be transported through the roads under Cabuyaro Municipality. The activity involves approx. 15 - 20 oil tankers moving through these roads for oil loading and dispatching from the site daily. And also the movement of service vehicles for various jobs and for mobilization of Surface equipment etc. to the well site from base as per need of jobs. Due to the movement of these vehicles on un paved or uncompact roads, to avoid the generation of dust, respiratory hazards and Transit Hazards (low visibility) water need to be sprinkled on these roads.

[boris cobaka] 11/10/2017 17:37

cream will rise to the top but eventually goes rancid.

Rumour has it the share price closed below the 8 day ema...

[acv74] 11/10/2017 16:31

Yes a long haul but cream will eventually rise to the top. The numbers will look great in future updates at 7k/10k/15k and ultimately 20k per day.Hopefully they manage to get through the whole of October without any production issue.Also the CPO-5 update "imminent".

[dayway123] 11/10/2017 11:43

Think we all are bryet it’s a long haul.

[fadilz] 11/10/2017 11:17

wait for sustained production at 6k+ - eg production report for Oct. Sep was 4k because of 'social issues'

[bryet] 11/10/2017 11:06

Somebody put a rocket under the share price I'm fed up of treading water.

[davwall] 11/10/2017 10:44

I'd be very surprised if discussions hadn't already taken place between Amerisur and Gulfsands, given the latter's active 'marketing'. Which would mean either AMER are not interested or maybe they are waiting for a deal on their terms.

[al101uk] 11/10/2017 09:29

Good spot Fadilz,

Gulfsands, leveraging up, burning cash and desperate in my opinion. They've barely started to develop their Colombian assets, are looking to exit Morocco if they can't find a partner and their Syrian assets are under force majeure.

Could be an opportunity if the assets are of good enough quality, you do have to wonder who owns PUT13, but both PUT13 & PUT14 have been mentioned by Amerisur in the past.

"Terecay

Amerisur acquired a 100% working interest in Terecay in March 2017 from Pacific Exploration & Production (now Frontera Energy) and will be Operator. The Terecay block lies between Put-12 and Put-9 and Tacacho.

Regional mapping has been completed, but more seismic data is required to determine if the structural trends coming from Put-13 and Put-14 blocks extend northward to Terecay. The regional seismic processing project commissioned by the Company is expected to assist in prospect definition."

[sleveen] 11/10/2017 09:16

Tempting for AMER?

[fadilz] 11/10/2017 09:03

Put-14 open for farm-in. Located south of Terecay, so within reach.

'social issues' affect them too

[tsmith2] 11/10/2017 08:50

In meantime oil heads higher

[blackdown2] 11/10/2017 08:45

Odd trading so far today. Opened at 18.50 and several trades of one share and one of two.

[tsmith2] 10/10/2017 15:35

Lagging behind some dross that are really motoring ahead

[eddie_yates] 10/10/2017 13:19

That'll be March then!!

[the drewster] 10/10/2017 12:29

Meanwhile, AMER need to up the 1P & 2P numbers before we see any real action.

[foiledagain] 10/10/2017 12:24

We know the Saudi's have overstated their reserves, their exports and their production for years. The leaks via Wikileaks showed that

They have supported their traditional ally the U.S. but now seem to be jumping ship so their cooperation in this non existent oil glut is now in doubt.