Amerisur Resources Share Discussion Threads

[tsmith2] 07/9/2018 08:43

a planned total measured depth of 8,448 feetat 5000 already, v impressive drill rate?

[moneylender] 07/9/2018 08:39

Over 1 million buys already, market sentiment has turned.

[foiledagain] 07/9/2018 08:34

Ken. Production now also below 9,000bopd. OH doom is upon us....lets forget production is actually up and pumping station ahead of schedule?

Think you are on the wrong end of a spread at the wrong time

[dayway123] 07/9/2018 08:31

Good RNS, much more informative and progress seems to have begun.

[doughboy66] 07/9/2018 08:27

Had a little top up and all the sixes for me 66666 😂

[fozzie] 07/9/2018 08:23

alamaison5 (Filtered)

[fozzie] 07/9/2018 08:22

Ken Chung (Filtered)

[ken chung] 07/9/2018 08:20

Awful results.Average production below 5000 bopd.They need a new discovery just to stand still now. Share price target 10p even if they find more oil.

[alamaison5] 07/9/2018 08:14

DEMAND IS HIGHER THAN ASK, LOL

[tyler durden1] 07/9/2018 08:02

Shale viability

Dr Mamdouh G Salameh

No amount of spending could overcome the productivity problems in the Permian. These problems are symptoms of bigger problems in the whole US shale oil industry. It is an industry which will probably never become profitable and is currently facing diminishing returns. It is also a reflection of the fact that shale drillers have exhausted the rich spots and are now being forced to move into less productive locations.

The US shale oil industry suffers from two crucial aspects. The first is the high depletion rate ranging from 70%-90% in the first year of production. This necessitates the continuous drilling of new wells to prevent production falling. It is estimated that the US shale oil industry needs to drill up to 10,000 wells annually at a cost of some $50 bn.

The other aspect is that the US shale oil industry finds itself in a vicious circle. It can keep its costs in check if it reduces production. But in so doing it will not attract the investment funds it needs to keep afloat and pay part of the growing debts. In other words, the shale industry will continue “to rob peter to pay Paul” for the foreseeable future, perhaps even for ever. This means that in the long-term, many shale drillers will drop out and only companies with financial clout like ExxonMobil and Chevron could stay in the business.

The projected increase in spending has more to do with rising costs of drilling and far much less with lifting production of oil and gas. While spending is revised up by about 8%, production is projected to rise only by 1.4%.

The US Energy Information Administration (EIA) expects well production per rig in the Permian to fall by 10,000 barrels a day (b/d). With 480 rigs currently operating in the Permian, it means that overall daily production in the Permian is projected to fall by 2.4 mbd. This contradicts claims by the EIA and the International Energy Agency (IEA) that US shale oil production will reach 11 mbd by the end of this year and that the US will overtake Russia and Saudi Arabia by the end of the year or early 2019 to become the world’s largest oil producer.

No amount of hype by the EIA and the IEA will make the US shale oil profitable now or in the future.

Dr Mamdouh G Salameh
International Oil Economist
Visiting Professor of Energy Economics at ESCP Europe Business School, London

[foiledagain] 07/9/2018 07:26

I wonder, is today THE day we turn that corner? With an RNS on holdings yesterday there was no reason not to give the operational update.

This may at last be the turning point.

with just over £5m in RH shares left its a drop in the ocean for any institution or fund and no one will want to be the last out of any short or derivative trading with the spectre that even if there are £5m of shares they could be spirited away, or bought back in one fell swoop and that assumes RH isn't keeping hold of any.

[trotting12] 07/9/2018 07:14

When amer decide Rex’s selling is no longer a major problem ,the news flow will have a little more optomism in it ,,today sounded a little better !!

[rollthedice] 07/9/2018 07:12

Decent update, drill making good progress and production slightly up again.

[lauders] 07/9/2018 07:08

So am I. Are things about to turn here? Certainly hope that the drill bit is succcessful next week if we are lucky! Might just be perfect timing with those profits from the higher oil price showing in the results too ;-)

[moneylender] 07/9/2018 07:07

Better RNS today, intrims out 13 sept and various licences obtained. News flow has changed.

[lucyp00p] 07/9/2018 07:06

that's ok, I'm happy with the latest news.

[juuunx2] 06/9/2018 22:42

To be fair I hadn't thought of it from that angle before and I think you have a valid point, in fact it's cheered me up. :-)

[fsawatcher] 06/9/2018 21:57

rexy booya might be sellin his holdin to Gran tierra or ONGC

you find out soon thoughs dont ya

it ain no faiy liquid job though coz amer not make it easy

gilesy and jono ave halved production and delay drillin for months nows jus so rexy gets nuffin much for his shares

when rexy exit or down to last 2% i bet ya alls that gilesy announce pipeline deal offtak agreement worth millions and exploration hit jackpots

then who sees has last laugh

i fink rexy wudda been smarta to jus hang onto last 3% coz it miht be worth same as avin 6% in fe wmonth

now I off coz I have a gutter to climb up

yeahhh rat fans

[dayway123] 06/9/2018 18:30

Nice work Rex. Just gives everyone a chance of buying lots more of your shares, even cheaper. If you want to give them away, I’ll take them for free.

[tonyrelaxes] 06/9/2018 18:22

Doubtful I will be around for either date. Possibly w/c 15th, but I'll contact directly if that firms up.

[quidnunc] 06/9/2018 17:53

OK Westy et al; Ruby on the 4th Oct then,in the Euston area.
I'll try to book the Great Nep for around 1830.

Please let me know if you are coming.

The Bree closed 27th January last so unless anyone knows of a good substitute nearby, it would be best to meet at the Gt Nep.

There will of course be Haku Choyala and a bottle of house red in memory of Brian
Q.

[jumpenjim] 06/9/2018 16:49

This time next week Rodney