Amerisur Resources Share Discussion Threads

[boris cobaka] 14/12/2017 13:15

Jeez wonder if it has to do wiv the price of oil....
Next someone will be saying oil price irrelevant to amer....

Incredible!

Still gl.

[al101uk] 14/12/2017 12:49

JW doesn't have the greatest history in his share buying recently, just check out his Ironveld purchases.

[eddie_yates] 14/12/2017 12:40

Shares now available at the same price CEO bought 200K worth!!!


25 September 2017



Amerisur Resources Plc ("Amerisur" or the "Company")



Director Share Dealing

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announces that on 25 September 2017 Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 1,200,000 ordinary shares of 0.1 pence at a price of 16.5 pence per share, for a total cost of £198,000.

Following this transaction, Tracarta Limited holds 21,172,505 ordinary shares, which represents a total of 1.75% of the Company's issued share capital

[harrisun] 14/12/2017 12:08

US shale oil companies including the big players are all making incredible losses on shale oil.

US Shale Oil Production: While Hurricane Harvey did little actual damage to the Eagle Ford shale oil fields in south Texas, some production has been shut-in by the damage and flooding of oil pipelines, export terminals, and other means of moving the oil to refineries.

Observers are beginning to note that the US shale oil industry, which is being touted as the route to energy independence, is nothing more than a giant Ponzi scheme that consistently loses money no matter the price of oil. US shale oil companies have collectively lost money from 2008 through 2016 no matter what the price of oil was. Production from shale oil wells depleted by approximately 85 percent in three years leaving little behind for multi-million dollar investments. Despite the hype about new efficiencies, the 60 largest shale oil firms collectively have been losing about $9 billion per quarter for the last five years and with the well-head price of shale oil still running about $40 a barrel, it is doubtful the situation will get better in the near term.

The secret of the shale oil revolution that has increased US oil production by millions of barrels per day is that shale oil costs too much to produce. Unless shale oil starts selling for well above $100 a barrel and stays there — a situation that the US economy likely could not stand – the industry is living on borrowed time.

To expect that shale oil will lead to US into a new era in the next decade is wishful thinking given its record of profitability during the last ten years. While there may be some short-term gains in production at the expense of investors, at some point Wall Street will stop pouring billions into what was always a losing proposition.



If it were not for the Fed feeding finance to the shale companies knowing they will never get it back just to affect an illusion of an oil glut, these companies would all b bust now.

Yes they can increase production by selling assets, raising more finance, creating more debt they can never repay, but not for long, and the illusion of the oil surpluses will soon pass.

[foiledagain] 14/12/2017 12:00

Boris

Have you any knowledge of U.S. shale? If you did you wouldn't repost such a silly article.

How many U.S. shale oil companies are making a profit?

[aceuk] 14/12/2017 11:52

boris why is it you cannot understand COT figures are currently irrelevant to Amerisur Resources?

I'm sure harrisun and others can put you right on US shale production ;-)

We appear to have something akin to a playground stand-off with a lot of indifferent bystanders.

[davwall] 14/12/2017 11:31

Not surprising that JW was so pleased back in May to hear of Mariposa-1's very good drilling result (now @ 3100 gross bopd, but due to rise) when Amerisur has had to drill 21 wells to produce about 6000 bopd... (not sure if all wells are still in production)

To me the COP-5 field looks to be our best bet for a decent uplift in 2018. Indico-1X spudding can't be far into the year with Sol to follow at some point.

[boris cobaka] 14/12/2017 11:22

Mornin'



will post updated COT figs shortly.

[aceuk] 14/12/2017 11:20

And Harbour doesn't seem to be too bothered about maximising his profit Tony - all very silly it would seem, both should seek to bury the hatchet.

Mind you, of course our speculation may have no bearing to reality and what's going on is entirely different.

[eddie_yates] 14/12/2017 11:02

Bryet
I feel sorry for you if your investment in Amerisur determines whether you have a happy Christmas or not.
Best of luck next year!!

[mrx001] 14/12/2017 11:00

Agree with Dodge Meister on this, we need some news to prove what we all believe that the company is making loads of $ from their oil fields. The only trouble is I think the next update is not until Monday 9th April, 2018(Estimate)Full Year 2017 Amerisur Resources PLC Earnings Release. :0(

[bryet] 14/12/2017 10:52

No happy Xmas for us just have to stick with it and hope investers like us in 2018.

[dodge meister] 14/12/2017 10:04

Amerisir needs to show the money is flowing in providing opportunities to increase future production and start returning money.

[kipper62] 14/12/2017 09:29

hxxps://oilprice.com/Latest-Energy-News/World-News/Colombia-Boosts-Oil-Gas-Investment.html

[tyler durden1] 14/12/2017 08:39

Focusing on 20000bopd

Takes a lot of focus and hundreds if not thousands of wells to do it with paltry 12feet net pay wells.

[blackdown2] 14/12/2017 08:31

October? What is RBC’s view these days?

[tsmith2] 14/12/2017 08:28

When was the last broker report?

[tsmith2] 14/12/2017 08:02

good additional production...going straight int pipeline, healthy additional cash flow

[chopper harris1] 14/12/2017 07:25

Even without any figures this is yet another apparently decent drilling result which most other small to medium O&G companies would die for. This news may just be the difference to the share price breaking even by close of play!!!!! Crazy and frustrating.

[fsawatcher] 14/12/2017 07:23

i fink they it said 12ft of play innit

you gotta read bro not skim coz full fat better for you

nuther success...

should see 16p hit today

i fink amer must be traded on aussie exchange coz everyfink work upside down with this one dunnit

it makin so much cash nows it toffee apple time