Amerisur Resources Share Discussion Threads

[astorcourt] 31/8/2018 08:01

the share price will be static, wait for news duster, then crash to 11p

[ken chung] 31/8/2018 07:57

Any drilling success will only now help offset the decline elsewhere rather than improve the failing share price. Just a Lifestyle company now for the well paid management.

[moneylender] 31/8/2018 07:54

Not sure this morning news will do much, if anything for the share price. Too much damage has been done by lack of information and delays along with RH affect, whatever that is.

[ammu12] 31/8/2018 07:39

Expect this to drift down to 12p

[kaos3] 31/8/2018 07:27

why then they just did not say - drilling timing starts makes sense when OBA is ready ???

lol

that would be a simple and clean instead of all what we were fed

[laptop15] 31/8/2018 07:24

HERE WE GO....SPUD...EXPECT HEABY BUYING!!!PLAT 22 MUST BE SUCESSFUL SOBEXPECT GOOD PRODUCTION UPDATE VERY SOON

[lucyp00p] 31/8/2018 07:11

wow, Where have I heard that before? Oh yeah, from me, all the bloody time.

[doughboy66] 31/8/2018 07:09

Pinch me I must be dreaming 😂

[ianguerin] 31/8/2018 06:25

Double post

[ianguerin] 31/8/2018 06:25

Interesting post by Lauders, to which I would add why pump oil which the pipeline can't currently handle? Doing so would reduce the netback by what, £75,000-$100,000 per day?
I am no fan of the BOD's lack of communication to PI's, but maybe, just maybe, the BOD & the privileged II's know exactly what they are doing?

[lauders] 31/8/2018 02:43

I rarely visit the LSE BB but did just now and thought this post from "BigBiteNow" was pretty sensible and worth sharing:

I am aware that there is long standing discontent with the BOD here, so i will tread carefully. Having been invested here before, I am aware of much of the history if not all.

What I simply wanted to say was that from where I am sitting there is much to like about the progress here, even if the drill has yet to show itself.

The 2018 interims will be released next month and they will likely be compared to the same stage last year.

As it stands, despite the drops in production in May and June, the 6 monthly average is 5,894 bopd. That is a 31.7% improvement on 2017’s 4,475 bopd.

Furthermore, taking a comparison of the average price for Brent in 2017 $54,25 and the price achieved by Amerisur $50, we see that the discount was around 7.8%. Whilst such a calculation isn’t without flaws, it is worthy of employing to determine an outcome for H1 2018.
The average price of Brent for H1 this year was around $68, meaning Amerisur likely has achieved around $63 per barrel, compared to a H1 2017 average price of $47.30.

That again is an improvement of circa 33%. These two combined are going to demonstrate that Amerisur has made significant strides on it 2017 performance. At $18.60 costs, we are talking about over $47m in cash netbacks for H1 2018. That is a whopping 102% increase on H1 2017’s $23.95m.Whilst the focus on the drilling campaign is relevant and the increase to reserves a critical step, the actual figures as they stand are compelling, despite the focus on management trust and the drill bit.

The drilling campaign will start, perhaps later than wished for but it will happen. So the reserves are highly likely going to rise at some point because the oil is there. In the meantime we have a greatly undervalued, unloved but successful business, which in my view makes it an excellent buying opportunity, despite the history.

I think, like others, that patience is the "game" here. Trouble is I am inpatient and want to move on given the performance of the BOD re: communication. Yet I know that if I move on it will probably be a mistake. We just need news of the first spud in 2018 to hopefully turn things round. Seems unbelievable to say that when on slide 7 of the presentation in mid-May (see link below) the BOD stated:

2

Deliver significant reserves growth through the drill bit

2018

* Drilling of up to 14 fully funded E&A wells
* Spudding of Pintadillo-1, Miraparriba-1 and Indico-1 to commence in Q2 targeting 22.2 MMBO of net prospective resources



We are now nearly at the end of Q3 and none of that has come to be reality!

[dodge meister] 30/8/2018 22:37

Why would u sell before half year report, if we are as cash generating as hoped, the market will recognise eventually and when a stock starts to move there will be the hot money

[dalailama] 30/8/2018 19:52

Bought first lot at 15.5p and have waited over a year now. Bored and concerned about the opportunity cost so will probably abandon some time soon. With oil price and market both higher I can't imagine how long term shareholders feel!

[fadilz] 30/8/2018 19:50

Aug production next week should be 5200+. Hopeful at least one well spud at same time. Iran and Syria tension likely to keep oil high. If we don't rise after that, we can always blame Rex.

[kaos3] 30/8/2018 19:01

why are some protective on BOD when misinformation and operational underperformance and disregard for the shareholders are on plate is beyond me. some things are axioms in life despite all the telling signs for some people. like political conviction or religion.

despite my av share price is 17p amer is my biggest London mistake this year

[knackers] 30/8/2018 14:12

Indeed it would roll - one can only empathise with sentiment on the board and doubly frustrating given the price of Brent, which IMHO it's only going higher! If ever there were a time for action it would be now!

[rollthedice] 30/8/2018 13:42

It'd be nice to have some news on Q3 drilling... can't blame investors losing interest when production down on last year and drilling campaign has yet to get started to replace reserves & reverse downtrend.

[mintington] 29/8/2018 23:14

Dayway.. couldn't agree more...Amer used to be a solid listed company that was assessed on its profits, production and future potential/ aspirations...a proper company.....for the last 18 months it has been turned into a manipulated share with no reference to the basic fundamentals....generally I have been supportive of the BOD having been here for over 10 years... but their lack of clarity and delivery has been truelly dreadful for us as PI's....they recently appointed a Non-exec Director who as I recall was ex-investec and should have been able to have brought his City of London contacts to clear and minimise the issue of RH's vindictive selling.....what is he doing to justify his salary?...hopefully we revert to the good old Thursday RNS tomorrow with some reasonably good update news....because this is still totally undervalued

[dayway123] 29/8/2018 21:12

The Bod have presided over this company whose share price in 2014 was 64p.
We are now at 14.6p “ It hardly inspires confidence” with nothing but a series of missed targets and lack of sentiment on any positive news. I hope the larger investors make some moves to remove these clowns. Has ken Chung a point?

[dayway123] 29/8/2018 19:48

Blatantly obvious the share is being manipulated after hours trading. The drop is quite dramatic considering the amount of trades.

[bigwavedave] 29/8/2018 13:00

acv74 - sometime this millennium may be a little optimistic!