Amerisur Resources Share Discussion Threads

[doughboy66] 26/10/2017 07:18

Production from the u sands expected in 10 days ,all in all not a bad result .
Now bring on the news of long term testing from Mariposa.😊

[seandonohoe] 26/10/2017 07:13

Platanillo-25 Update RNS

[boris cobaka] 25/10/2017 18:27

Soz guys I was referring to the weekly chart. It gives a better indication of where they're heading....

Sector sentiment v important, as is the oil price.
I haven't even started on that yet. Just so's you know the us$ is about to breakout and we'll see a fairly short term counter trend rally. It'll be enough to squish pm's which is already happening and the oil price will likely follow. By around end November/December the US$ will have likely run out of steam and then commodities will rally as the $ rolls over.
Gl.

[davwall] 25/10/2017 16:42

XOP looks 1.5% down to me, as low as it's been since opening..?
God, I'm worried now...

[aceuk] 25/10/2017 16:32

LOL - S&P O&G spider is relevant to AMER - getting a bit desperate!

[boris cobaka] 25/10/2017 16:25

Yep
Where the US heads the rest tend to follow. It gives an indication of short term sentiment sector-wise.

[eddie_yates] 25/10/2017 16:21

Boris is that relevant to Amer?

[paleje] 25/10/2017 14:27

More '1' trades, they were prescient ahead of the director buy RNS. Stand by for tomorrow:)

[eggbaconandbubble] 25/10/2017 13:13

And on top of that FSA - How about oil at 80+ dollars a barrel!!!

PS. Thanks all for your various comments on Rex Harbour

[fsawatcher] 25/10/2017 12:46

mariposa worth today market value

everyfink else is freebies

cpo5 knockin 30k barrles out in 2 years

amer doin 20k production in 2019

100p share at $70pb

rexy not be around then ha ha

[99barracuda] 25/10/2017 12:37

...and the associated reserves upgrade of course

[charlieeee] 25/10/2017 11:29

Quite so, Lucy and Ace.

The original sell down was significant, but the subsequent speed of drip is irrelevant (66k a day on the most recent calculation, which is negligible, even in the context of low volume days).

The back drop here is excellent, with POO controlled by a cartel, who moved prices down by over supply to kill off shale and are now looking for high POO for the Saudi oil asset sale next year.

The OBA completion last year was a significant achievement for AMER.

What has been wholly unsatisfactory in this year is the failure to get cracking with the drilling program as promised.

Summarizing the achievements for 2017 (excluding CPO 5)
Plat 24 spanning 2016/17
Plat 22 last recorded at 800 Bopd
Plat 21 bad cement job dogging ongoing production
Plat 25 waiting for side track news.

No wonder the share price languishes.

What we need is confirmation that Plat 21 is consistently producing, a good result from the Plat 25 side track and Plat 27 (with all the data they have gathered) really needs to hit the sweet spot.

That, and confirmation on CPO 5 flowing, should see the company finally meet its target and the share price head sharply north.

[fsawatcher] 25/10/2017 10:59

it about motive innit

i cud take rexy boyo down pub for a jar and tell him how to get bets buck for his bang

i say to him... stop it rexy jus stop it. Let the price recover boyo

let it rise to 30p

then dump some stock in demand

do it in batches not every xxxxin day

i tell him to call nomad and ask if any deep pocket investor want a wedge off the book

but no, rexy not listen to a word coz he got motive

he must be desperate seller coz he stupid to sell at 16p or 19p when he cud sell at 26p

[boris cobaka] 25/10/2017 10:56

Thanks folks.
I feel reassured. I will buy some soon.

[aceuk] 25/10/2017 09:49

The bottom line is Rex Harbour selling doesn't make any difference to anything apart from when there is lack of demand due to company inaction/failure. Had the OBA been on time with no problems, had the company been upfront about various field issues, etc. the price would never have got so low.

As you people all know the best fund managers like Woodford get it wrong and whether they buy/sell/fart or whatever else does not make any difference. Hedge Funds also get it wrong - they sell millions of shares in a company and the price can still rise.

Harbour is a red-herring and the sooner you people accept the only difference his selling makes is at the margins (pun intended) the better.

[lucyp00p] 25/10/2017 09:48

27/6/16 RNS is the first time the RH fire sale was announced - from 14% down to 8. So in a year+ he's dumped another 2%. Hardly the game changer we make it out to be.

[eddie_yates] 25/10/2017 08:56

No one knows why he's selling egg.
What we do know is that there has been 3 recent director buys, which should calm any concerns you may have.

[davwal] 25/10/2017 08:55

Boris, it would be more accurate to say we are simply fed up with talking about Rex the Elephant Harbour, he having been discussed on an industrial scale over many months. He owns a lot of shares, he’s sold a fair wedge and will probably sell more, but how many is guesswork to the likes of us. As a result the share price could go down, or up whenever the end of his selling is officially notified. We know, boy do we know. Therefore, what’s left to discuss..?

[eggbaconandbubble] 25/10/2017 08:31

Please can someone explain or point me in the right direction as to why Rex Harbour ended up with his shareholding and why he is trying to off load part or all of it.

Thanks in advance

[kaos3] 25/10/2017 06:08

next year this time I Will be a millionaire by selling my amer stock (just part)

[foiledagain] 24/10/2017 21:37

"Uniform in their inaccuracy...."

Ha ha

Anyone told you this is AIM we are talking about!

[oilandgas1] 24/10/2017 21:22

I am confidently calling a bottom here for AMER circa 19p because:

1. Lots of amer news in the pipeline ( pun intended)
2. Production steadily rising every month circa 7kbopd in nov and Dec forecast
3. Commitment by OPEC to get to 5 yr averages in global inventories: reduced the inventories by over 180 million barrels and we still have about 160 million barrels to go (4- 6 months?)
4. Us shale production has stalled and EIA 914 report indicates that the monthlies are lower than the weeklies (9.234m v 9.5m)
5. AMer has FCF and good margins with WTI above 50 ( heading for 55 by Dec/Jan)