Amerisur Resources Share Discussion Threads

[tsmith2] 08/6/2018 09:06

Support around 15p

[kerri28] 08/6/2018 09:05

Oh just relax everyone, so the weather, a bit of flooding and well maintenance has hampered the sp, I'm sure this will start to creep up again as the future still looks positive. Probably be even by the end of day!

[knokke1] 08/6/2018 09:05

First of three:

This one seems OK, understanding road/road delay

N Sand – pintadillo-1

9 May The construction is expected to be completed in June

8 June: It is expected to install the 13.3/8" conductor pipe in each of the three well cellars currently under construction at the end of the week commencing 11 June 2018, followed by rig mobilisation. Spudding of Pintadillo-1 is expected in July 2018.

[bayboy] 08/6/2018 09:02

It maybe slightly out of context rollthedice, but it does hint at well damage and a 25% drop in production in a few months.

Did RH see this coming 12 months ago?

[underhill2] 08/6/2018 08:58

A badly run company is a large understatement. Incompetent Management who promise a lot without delivering. All we get is promises and then continual dissappointment.

[moneylender] 08/6/2018 08:57

Don't forget how they have rewarded themselves!!!

[pembury] 08/6/2018 08:57

yes fastly deteriorating assets

[kipper62] 08/6/2018 08:56

The only way of realising any 'shareholders value' with this team is from a dead cat's bounce following whatever their latest inevitable short fall in production or schedule happens to be. Someone said 'Still making a shed load of cash with the current price of oil' WHO IS????

[rollthedice] 08/6/2018 08:54

To be fair Bayboy that comment is taken a bit out of context, it was intended to demonstrate that with 11yrs experience & 10millions barrels extracted they have the experience of this field to get results from it.

[bayboy] 08/6/2018 08:50

Think JW hints that these wells are failing.

" will give us success in this process, which is to be expected given the growing age of the well stock and the volumes produced to 31 May -"

Have they damaged the wells with all this remedial work I ask myself, where did
all this water come from. Even Marriposa is not looking so good now.
The only positive I see is the pumping station is on track for 9000 barrels but we only produce half that figure, so guess we might take other company production on a short time basis.

[jumpenjim] 08/6/2018 08:43

If you canny stand the heat get oot the kitchen otherwise give a rest ffs

[rollthedice] 08/6/2018 08:43

What odds they now decide to do a 'mates rate' placing to accelerate drilling programme given Platanillo drop-off?

[jumpenjim] 08/6/2018 08:42

ffs the management canny help the weather conditions and they havnae got a crystal ball give them a break it,s still a good company and will come good eventually
the,ve still got money in bank and there no coming back to us for more
and your right Ml every cloud does have a silver lining

[moneylender] 08/6/2018 08:35

Every cloud has a silver lining, at least the free LTIP options are
under water this morning.

[mad foetus] 08/6/2018 08:32

Well, today's price and volume will tell us a lot. I don't think there are many minded to sell at this level and if any are minded to buy before drilling results the last 30 mins probably saw their best opportunity.

[oilforex] 08/6/2018 08:32

The saving grace here is that the increased oil price is helping offset the drop off in production for now. They need the drill bit to succeed and had better hope the field isn't in a spiral of decline.

[city chappy] 08/6/2018 08:30

Bought a few. Production will increase later in the year.

[runner2018] 08/6/2018 08:28

will be nice when we have a +15% day...

[talkman2] 08/6/2018 08:25

Short term blip , drilling coming up . Still making a shed load of cash with the current poo. No debt , net cash position. Over reaction.

[moneylender] 08/6/2018 08:23

moneylender6 Jun '18 - 11:39 - 10186 of 10266 Edit
0 0 0
This month as in May or June?
I now expect things to start to move in July


Revise that to YEAR end.

What a shambles.

another buying opp????

;-)