Amerisur Resources Share Discussion Threads

[foiledagain] 16/10/2017 08:03

Big Oil HAVE to acquire profitable smaller operations, as Big Oil are in real trouble with both resource and costs in terms of their exposure to shale losses.

The debt is killing them, so expect predatory moves for many smaller oil companies that are profitable. its the only way Big Oil can rebuild inventory and remove itself from the mess created by shale mindless Ponzi economics

[jailbird] 16/10/2017 06:30

https://www.google.co.uk/amp/s/www.bloomberg.com/amp/view/articles/2017-10-13/higher-oil-prices-may-not-be-so-temporary

[bigwavedave] 16/10/2017 00:50

As if there hadn't been enough. Will it affect POO?

[squiresquire] 15/10/2017 16:38

Good on you Hugo. Once you fall in love with South America, nothing else will do.

[99barracuda] 14/10/2017 18:21

Welcome launders, let's hope we 25 bag from here!!

[blackdown2] 14/10/2017 14:35

Og1

I think you will find that the March acquisitions have been approved. They were referred to in the interims.

[lauders] 14/10/2017 05:18

Certainly a newbie here and not with a very large holding either but I agree with Martin re: it being a very nice post from Dave. Great story and I am happy to see a happy story like that. It is something we all wish for ourselves and family of course. Perhaps Dave will repeat the story and those with larger holdings will be onboard this time. Might be tempted to add more myself if progress looks to be gaining momentum.

HugoMaracuya13 Oct '17 - 17:17 - 4595 of 4598 7 0>

[oilandgas1] 13/10/2017 22:16

News coming Oct/Nov17
1. P25 spudded and drill results in Oct17
2. CPO5 M1 tests, Mariposa-1 interpretation of the short term test data in Oct17 with oil prod by Nov17/Dec17?
3. RODA upgrades and equipment maintenance in Ecuador which should be completed by now Oct17
4. Production going from 7k to 7.5k with new production from plantillo. Dec17
5. Pad 5 to pad9 interconnection should be complete by Sep17 now Oct17?
6. Go ahead from the Colombian authorities in respect of the acquisitions RNSd in March. They said it could take 120 days to get approval. Oct17
7. Reserves Reserves Reserves to uplift mmboa d Share price oct17- Dec17
8. ONGC maybe buyout of Amer ?? ( Oil and Natural Gas Corp, plans to invest $150 million in exploration this fiscal year to drill more wells in Colombia, where it just made a commercial discovery, as well as in Kazakhstan and Bangladesh).

[bigwavedave] 13/10/2017 21:22

Good on you, Hugo. You did the right thing, for sure. Me? Er...

[marnewton] 13/10/2017 18:02

What a lovely post, Hugo.

Jackpot for you, in more ways than one.

All the best,

Martin

[hugomaracuya] 13/10/2017 17:17

Hola Dave. I just took a back seat on the boards for the last 4 years. But I'm still here, and look in from time to time. As you probably remember, I sold up around the 47 pence to 50 pence mark, took all my money off the table, and moved to Colombia. I did buy some back when they dropped again, but not a serious quantity. (Just for old times'sake). I have to confess that when I look in on the forum, there are often a thousand posts to read, so I never really get to read them all.

But good to know that you and all the guys from the early days are still here. I heard about Val, albeit a bit late, and my thoughts were with him. But its been a long time since those days when we changed from Gold Mines of bloody Sardinia to Chaco, when I first joined you all. Its been a hellova journey, from below 2 pence, all the way up, and back down to where we are now. But after 25 bagging, I feel I did the right thing, and wouldn't change a thing. Now I don't ever need to work again, I'm in the place I want to be, and I'm happier than I have ever been in my life.

I will never forget you guys, for we all gave each other encouragement when we were worried, caution when we were getting over confident, exchanged information, and although I never got to the Bree or the Great Nep, regard you guys as friends. I only wish that the "newbies" would take some lessons from those who have been here since those first days, and realise that we are all on the same side. No need for some of the nastiness that has crept in during the last couple of years.

Anyway, take care, and hope to see the share price back up where it belongs. In fact I'm sure it will before too long, so good luck Dave, and to all.

[bigwavedave] 13/10/2017 16:18

Amerisur attending/presenting/supporting next week. Maybe nothing.

[boris cobaka] 13/10/2017 14:36

well those two 6 fig trades 546k and 375k I seem to remember commenting on a day or so ago. A bit odd.

[tsmith2] 13/10/2017 13:53

Expecting news next week

[charlieeee] 13/10/2017 13:15

Well, this is a case of being careful what you wish for.

To all intents and purposes, the Registrar is simply the outsourcing of the company's own share register and of course, it remains the company's responsibility for its oversight.

For a long time, this (and all the companies in which RH invests)have overlooked the notification requirements: when selling down, in some respects, that suits everyone, since the negativity is not broadcast.

Obviously, in this case, the board have been "put on notice" re RH's selling by angry PIs and so we now have notification as per regulations (going through each 1% threshold): in March 2017 it went below 7% and now we are notified that it has gone under 6%. It is a victory for PIs: some might say a Pyrrhic victory.

What becomes evident is that RH is exiting slowly and only at a rate that the market can absorb: since June, less than 60k a day, which is hardly major selling, even in this low volume market.

I wholly agree with those posters who point to performance: we really do need a couple of months of back to back consistently good monthly performance, plus a bit of "jam" today such as the Mariposa LTT kicking off.

The POO backdrop is likely to be good and improving, so the timing could be perfect and LTHs finally see some rewards.

[foiledagain] 13/10/2017 12:59

Quid

That makes no sense as on that basis they would not have used company registrar to notify at all. Amerisur have access to who is buying or selling and they knew he was selling and indeed their actions confirm they could get that information but appear to choose not to notify shareholders, but they may have reasons, it may have prevented a massive drop.

There's no excuse in to using the registrar if they wanted, as they themselves prove they could ascertain selling by notifying via company registrar rather than rh

[bigwavedave] 13/10/2017 12:29

Hugo, hola! It's been a while. I thought you'd sold up a while back...

[meneither2] 13/10/2017 11:28

The company needs to show it is making progress with reserves and it's ability to move the oil efficiently and in a fegular fashion. This will generate the interest in the company as an investment which will ultimately 'overpower ' his selling.

[quidnunc] 13/10/2017 10:20

FA,
Since he did not/has not advised them, they cannot second guess his actions.
To do so would leave them more open to claims.

I did hear at the time that he had been approached by brokers offering to conduct the disposal in a more open and orderly way but it was rejected.

Corporate governance is, to a degree, a matter of judgement about what is considered to be material and factual.

It is something I have focused on at many AGM's and, by and large, the company ticks the boxes.
I have been more than willing on occasion to express my concerns but on this topic, I can see that they and everyone else cannot be expected to read his mind or second guess his intentions. If he won't communicate with them then there's little they can do.

I reiterate, his selling is and was common knowledge.

Further, and perhaps more importantly going forwards, I don't think its finished yet.
That will exert a continuing downwards pressure on the share price that will diminish as his residual holding does and as the drilling news-flow going into 2018 emerges.
Regards


Q.

[al101uk] 13/10/2017 09:09

Average production per operational day was 6,033 bopd during the Period.

Social issues and Papal visit.

[oilandgas1] 13/10/2017 08:56

Maybe I missed something’s but monthly production dropped 60k!

For aug

Total production was 180,843 barrels of oil ("BO") during the Period.
-- Average daily production was 5,834 barrels of oil per day ("bopd") during the Period.
-- Peak daily production was 6,460 bopd during the Period.

For sep Production

-- Total production was 120,662 barrels of oil ("BO") during the Period.

-- Average production per calendar day was 4,022 barrels of oil per day ("bopd") during the Period.


-- Average production per operational day was 6,033 bopd during the Period.
-- Peak daily production was 7,397 bopd during the Period.
-- Current production is approximately 7,400 bopd.

OBA Export


-- Total export volume was 122,352 BO during the Period.
-- Average throughput per calendar day was 4,078 BO during the Period.
-- Average throughput per operational day was 6,117 BO.
-- Peak daily throughput was 7,137 BO during the Period.

what happened??

[boris cobaka] 13/10/2017 08:23

Hmmm on the current volume it's more a case of 'phut phut.....'

[tsmith2] 13/10/2017 08:18

Friday whoosh?