Amerisur Resources Share Discussion Threads

[westmoreland lad] 30/11/2017 17:04

Best advice going imo is on Eddie's post 5531.

I'm ready / funded to pounce for another decent chunk but would like sub 18p.
As Mr Smith says above '' madness '' . Indeed, but in reality half price sale !!!

[filterwest] 30/11/2017 17:02

It seems all oilers stock are recently down. ffs

[davwal] 30/11/2017 17:01

Thing is, CPO-5 must by now be accounted for in the share price ONGC VIdesh have indicated what they expect to produce so unless the actual production figures are significantly better I’m not anticipating much impact based on recent apathy towards good news. The market seems perversely anti small oilers at the moment for some reason and Amer is not alone in getting a kicking.

[foiledagain] 30/11/2017 16:34

Funny really having some think I'm shorting, which is totally off the mark, I'm confident in Amerisur, albeit still have what I consider legitimate concerns over the BoD but where from a historical perspective the BoD play the cards close to their chest with a bigger picture in mind that shareholders do not know about.

Now if the share price was dropping from multiple failures, no oil, massive losses etc., then cause for worry, but there is absolutely no cause for worry that I know about apart from RH offloading, and even then we don't know if he intends to sell out completely and where every share sold is one share less.

As important is that I believe institutions and the City know about these games, and us ordinary folk don't! Whether that is right is another matter.

But on the above basis, the shares that are being bought are being bought in the main by private investors, and that is good news, as even now where its suggested he owns 5%, its not too large a bite for one large institution to take out if they wish or predator, and where knowing its because of a disposal rather than bad news, would give them a very good return.

The fact they haven't suggests they are playing poker with each other, seeing who blinks first, but when that happens it will leave very few shares available for those who leave it too late and the shares will rerate rapidly.

At the moment there is no real incentive for Amerisur to come out with good news although not being operator of CPO-5 that news is outside of Amerisur's control.

Reminds me of the doldrums in the distant past when Repsol, Ecopetrol and Amerisur owned Plat and the concerns of shareholders about perceived inactivity....but behind the scenes Amerisur were gearing up to take over Plat for a song

[boris cobaka] 30/11/2017 16:32

18p! and volume picking up a notch...

[tsmith2] 30/11/2017 16:30

bigwavedave. Agree. Madness

[bigwavedave] 30/11/2017 16:10

Meanwhile, OPEC/Non-OPEC agree to extend cuts through 2018. AMER trading like it was $30/barrel. What to do, eh?

[boris cobaka] 30/11/2017 16:00

We ideally need Rex to become impatient . Like a sticking plaster....

[currypasty] 30/11/2017 15:12

how on earth are we back to 18?

[boris cobaka] 30/11/2017 14:54

Hmmm 18.50 finally broken.
Not sure we'll see the floodgates now open but more of a steady drip drip with volume finally picking up on nearing capitulation.
If we can close 18.5 or above then the breakdown may at least be temporarily postponed...

[charlieeee] 30/11/2017 14:27

Perhaps the acquisitions have not yet been great contributors to profits, but then assets picked up on the cheap are generally WIP and take time to develop.

Look at CPO-5

Acquired in June 2015 and Loto 2 drilled in that year.
Reappraisal of data including re-entry of Loto 1 in 2016
New campaign in 2017, on revised data: drilling in March, LTT now on Mariposa and contributing to profits as we speak.

As for the strength of "serious oil people" on the board, it would be hard to find a better recruit for a Putumayo based oil company than Dana Cofield.

[tonyrelaxes] 30/11/2017 12:47

I would suggest the 'ideas' behind operational decisions, OBA, acquisitions, etc originated solely from JW's knowledge of the business, conditions and other operations in Colombia and not at all from the others of the BoD. The others may know more of constructing a good deal but that is not a unique talent.

[responsible investor] 30/11/2017 10:57

The acquisitions have not been great contributors to profits - and the share price has fallen from over 60p to 20p. The idea of a full listing is good but the Chairman has indicated in the past his reluctance to do this as he does not want full disclosure - presumably supported by the rest of the Board - which is not dominated by serious Oil people - as it should be.

[charlieeee] 30/11/2017 10:42

Lucy

I have been thinking along the same lines, but perhaps TSX, rather than main market: currency must be an issue, given Brexit?

[charlieeee] 30/11/2017 10:35

Credit, where credit is due:

This board over the last couple of years have amassed a substantial portfolio round Platanillo and that CPO-5 deal from Petrodorado could yield a spectacular return in the near future.

The OBA was an excellent plan, somewhat poorly delivered, but now solidly contributing to profit per barrel.

On a daily basis it does feel like watching paint dry, but what exactly, would a new board do, to improve the strategy? Just for fun, why not play "board" for the day and sketch out alternative plans for capex?

Overall, they are quite cautious, but then, ".....where angels fear to tread..........". I am sure one of our literary friends can fill in the blanks or perhaps drag in Aesop's "tortoise and hare" fable, which is still relevant today and particularly true of building businesses.

[lucyp00p] 30/11/2017 10:06

Surely not all the board? Should they all sack themselves? For sure GC is not the right chairman but the company seems on track to hit target. Rather than board changes, the smart move must be to get out of AIM and on to the big board. That way there is greater transparency and accountability and the investor base grows massively. Of course with the insane rise of Bitcoin, there is no compelling reason whatsoever to sink any more money here.

[boris cobaka] 30/11/2017 10:03

call an egm!

[responsible investor] 30/11/2017 09:53

All these blogs are a waste of time - nothing has happened nor will it. We need change. The assets are pretty good but we need to change the management at Board Level. Then there will be a fairer market value attributed to the shares in the company. The institutions have lost faith in the current Board. Forget about the small daily movements in the share price - not indicative of anything. A new Board will take the action which is required within the context of working in Columbia.

[boris cobaka] 30/11/2017 09:48

FA you know exactly what I mean if not well simply 'good luck'

18.50 under pressure....
Rex getting a bit frustrated perhaps.
Let's hope so.

Blackdown to borrow from nigella Lawson 'don't get all steamed up over a mere trifle'

[meneither2] 30/11/2017 09:29

As long as they have been pumping sensibly and the Pope hasn't paid another visit the buying should get going again next week. Investors waiting on the sidelines to see if they have delivered.

[quidnunc] 30/11/2017 09:19

Now in the clouds and the future looks less certain. Still at the upper edge and may yet lift out.
Q.

[foiledagain] 30/11/2017 07:48

I believe your reckoning is about right

I just use WTI for ease