Amerisur Resources Share Discussion Threads

[jotoha2] 08/6/2018 10:44

Lovely share to trade , back in , and looking for 22p for a nice turn , 25p is still going to be pivotal , probably two more bites of the cherry .

[fsawatcher] 08/6/2018 10:40

this still valued at £220m

for wot?

two hundred million

they not made profits for years nows

this shud be £130m

10p comin

TRIN doin 4k soon and £65m cap innit

[thegreatgeraldo] 08/6/2018 10:23

moneylender, As I've also said previously, if it works for you, fine.

[lucyp00p] 08/6/2018 10:20

just buy morewhy does this kind of announcement bother anybody. It's a bloody rainforest not a desert.

[sleveen] 08/6/2018 10:17

I suspect the share price will break below 13.5p level reach in April. Sadly.

[tsmith2] 08/6/2018 10:15

sorry. 14p

[moneylender] 08/6/2018 10:14

Two words only and they work, if you chose to ignore them thats ok.

Support and Resistance.

[dodge city] 08/6/2018 10:09

You experts should have put your money in TRP.

lololololol

[moneylender] 08/6/2018 10:04

TGG, Charts show you support and resistance points where the price poss will change direction. I did warn you 20p was a resistance, did you sell? You can buy back now and make 20% if you did!

Ignore things at your cost, not mine!

QED

[knokke1] 08/6/2018 10:04

Yeah, trying to get my thoughts into line.

I don't have any problem with JW, he does the oil stuff, it's risky, prone to delays, uncertain, that's easy to accept. I think we are all here for the higher risk/reward.

I don't see what the board and various PR/communications people are doing - where is their value added. Converting the operational info from the update to metrics to evaluate the sp, well, I'm not seeing anything to help

And stating his/their experience (10 m barrels, etc.) is a subtle message, I know my part, you guys, step up to the plate.

[enkeltje28] 08/6/2018 10:00

Knokke1 Start to mobilise is not the same as spud. Mobilisation can take weeks depending how far away the rig is stored. Then, when it arrives on location it can take a couple of weeks to rig up and be inspected before it is ready to spud, I.e. Put the bit in the ground and start rotating it!

[thegreatgeraldo] 08/6/2018 09:59

mad foetus
5 Jun '18 - 12:01 - 10138 of 10305
0 0 0
Chart looking exceptional, just needs a little push imo.
mad foetus
5 Jun '18 - 12:12 - 10139 of 10305
0 0 0
Just to flesh it out, of the 26 indicators on the trading view 1 day setting, 10 are neutral and 16 are buys. Rare to get such an unequivocal position.

mad foetus
6 Jun '18 - 14:08 - 10190 of 10305
0 1 0
Chartmill tweeting AMER as a buy on technical grounds.

As I've said previously, I'm not convinced charts are much use for smallcap, news-driven stocks.

[d1nga] 08/6/2018 09:58

thats why charts are of NO USE to individual stocks , news driven plain and simple

can be of use to trading indices but small cap stocks forget the mumbo jumbo of charts

cos its bollix

[itsriskythat] 08/6/2018 09:52

Knokke1, I guess this release of contradictory statements suggests that shareholders are treated as mugs. Suggest Rex Harbour had enough of this kind of treatment.

[sleveen] 08/6/2018 09:50

and now negative

[thegreatgeraldo] 08/6/2018 09:48

& the charts were looking so positive a few days ago....

[knackers] 08/6/2018 09:17

Talkman - amen to that.

The pogramme lined up for the next 12-18 months will change the game. Happy to add on this weakness.

[knokke1] 08/6/2018 09:16

3

ONGC are delayed - no problem - are these statements compatible, is it a delay from June to Q3 (I interpret as July-Sept)?


9 May: The Operator (ONGC Videsh Ltd, 70%) has informed the Company that the preparations for the spudding of the well Indico-1 continue to advance despite adverse weather conditions in the area. The rig is now expected to mobilise in the latter part of June 2018.

8 June: In the CPO-5 block in the Llanos basin, severe weather conditions continue, however progress continues to be made and the well Indico-1 is also expected to spud in Q3 2018 as previously guided.

[moneylender] 08/6/2018 09:14

knokke they contradict themselves with the timing and guidance. Think they are running around in ever decreasing circles!

[sleveen] 08/6/2018 09:13

The Chiritza project may be a month early and have the CAPACITY to transport 9k bopd BUT will there be enough PRODUCTION.

The decline in production says no.

[rollthedice] 08/6/2018 09:09

If free cash from Platanillo is dropping off with increased costs of maintaining wells combined with field depletion AMER need to get some new production from other field pronto or my earlier flippant comment about a 'mates rate' placing may be on the money. $41m in the cash won't last long with this lot at the trough.

[knokke1] 08/6/2018 09:09

2nd

Can someone who understands oil better than I do tell me if these two RNS statements are compatible? To me it sounds like 0 May they said Vetra would start to spud in June, whereas 8 June they say q3 'as previously guided', now a delay, fine, I've been to the region long time ago (not oil), delays are inevitable, but 'previously guided' I don't think so.

9 May: Amerisur has been informed by the Operator of block Put-8, Vetra Exploration and Production (50%), that the drilling contractor has been slightly delayed in the completion of their previous contract and the spudding of Miraparriba-1 is now planned to begin in June 2018. Miraparriba-1 will be drilled as a directional well to the Miraparriba structure within the Put-8 block.

8 June: In the PUT-8 block, the operator Vetra informs that the well Miraparriba-1 is expected to spud in Q3 2018 as previously guided.

[talkman2] 08/6/2018 09:06

Spdding next month . People should relax