Amerisur Resources Share Discussion Threads

[runner2018] 10/7/2018 09:34

Ken did you just 100k ?

[ken chung] 09/7/2018 23:39

Wells depleting fast and managers not delivered anything to even help offset the declines let alone increase production, but did manage to grant themselves plenty of cheap share options and get out if the AGM without sticking around to answer questions.

[acv74] 09/7/2018 22:39

Just been looking back at recent operations updates and timescales keep extending away. Early May, then June, now it's "Q3" which ends on 30/9 so who bloody knows when we are going to see action.Am a bit sick and tired of waiting for something to happen FFS.What a waste of 2018 thus far. 30% down on production and no drills for almost a year.It's ok though, the salaries and free shares keep flowing for the boys.

[boris cobaka] 09/7/2018 15:56

xop performing strongly in the US. Sector getting close to earlier high.

[runner2018] 09/7/2018 15:07

what type of algo have they set running here? is it accumulation by miniature trades?

[responsible investor] 09/7/2018 14:49

5,000 brls per day X 330 days X $45 per brl contribution(i.e. after all-in-costs inc full OBA transport) = $75 million pa or a pe of 3.2X on a market cap of £180 million.

+ SHOULD BE OBA through put of 10,000 brls per day at $10 per brls for crude transferred from third parties and SHOULD BE own production up to ?10,000 brls pd at $45 per brl contribution assuming Brent at $75 per brl (but expecting Brent to increase from current level to perhaps $100 over next 18-24 months.)

+ NEW BOARD =

increased share price/takeover bid at 30-45p per share.

[retirementfund] 09/7/2018 14:44

Great entry point cant stay down here

[investorgirl] 09/7/2018 10:33

When I last looked in here was hoping this could hold the 19p level and the chart would turn positive, unfortunately wasn't to be. Will continue to monitor but stock could spend a while more range trading

[responsible investor] 09/7/2018 10:04

Currently 5,000 brls of production per day X 330 days X $45 per brl (after all-in-cost including OBA and other transport) = $75 million pa compared with market cap of £180 million or pe of 3.2X.

+ OBA throughput should be AT LEAST 10,000 brls per day ($10 per barrel contribution if third party crude) and own production SHOULD BE ?10,000 brls per day. Brent price at $75 per brl = $45 per brl all in cost. Increase/decrease in oil price goes directly through to bottom line.

+ NEW BOARD

= increase in share price or take over bid at 30-45p per share!

[bryet] 09/7/2018 09:34

Don't we all love thinking of that jam tomorrow.

[runner2018] 09/7/2018 09:20

i guess this could gap up on the morning we get spud rns

[shakin not stirred] 08/7/2018 17:05

Happily topping up as anything sub 16p should pay back 25% profit come late October at latest. Better than sitting in a bank atless than 2 % per annum. It is like buying money. Better than the horses

[runner2018] 08/7/2018 13:28

Ken is now on ignore

[foiledagain] 08/7/2018 13:27

So how fast are they depleting because you haven't got a clue how fast or slow?

Production doesn't necessarily indicate depletion or a decline rates?

Waxing, and after major flooding of course production is affected, but waxing is not depletion?

Now if you want shocking, just go to shales

For your information an oilfield depletes from the second it produces, and that applies in the Middle East, USA, Colombia and everywhere else.

You take a barrel from any field, then there is a barrel less and that's outside of other factors that may affect production.

[ken chung] 08/7/2018 13:08

It's shocking how fast the wells are depleting.

[3roach] 08/7/2018 11:59

Thank you Foiled, someone on here at least understands irony!

[underhill2] 08/7/2018 11:47

Go away. Dont waste your time ramping another stock here. No one is interested

[tewkesbury] 08/7/2018 10:46

Petro Matad (MATD)

Fully funded six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Placing in Jun 2018 provides final tranche of funding for six wells above.

Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[3roach] 08/7/2018 10:44

Lauders.. what?!?

[alamaison5] 08/7/2018 10:07

Amer has taken a much more conservative approach writing RNS.
Have they finally realised that been over optimistic (like missing deadlines) is damaging?
I understand fully that the BOD is very exited about this new turn of the operation. But the city wants accurate facts&data. Not just random drilling schedule that can be affected by so many factors. AMER is definitely on the right tract. For every successful drilling phase I am execting a good 10% rise each time. AMER have had some rough time but the boat has now turned and is moving in he right direction.

[davwal] 08/7/2018 09:26

Ken the Bot shorter is more 3/3 pathetic than 2/3 prophetic...

[lauders] 08/7/2018 01:47

Good thing it was tongue in cheek 3roach or you would be on the filter list like Ken Chung. I believe many people have highlighted the reasons (whether right or wrong is another matter) for the low share price here and with no debt, oil increasing in value, the pipeline coming into its own, weather improving (?), spudding about to commence, and sentiment low, we have the potential for happier times and a better share price in the not too distant future. Just needs some good news on the drilling front and some patience IMO.