Amerisur Resources Share Discussion Threads

[tsmith2] 13/9/2018 07:48

Happy to hold

[moneylender] 13/9/2018 07:48

Will be at the top of the risers today

[broncowarrior] 13/9/2018 07:41

Way undervalued. Full year should be well over 20mm net income and growing.

[costax1654x] 13/9/2018 07:41

Chung is a buffoon Spamming all forums

[talkman2] 13/9/2018 07:25

Cheap as chips .

[spudders] 13/9/2018 07:24

👍🏻🚀

[fsawatcher] 13/9/2018 07:20

this company cheapa than a sheep with worms

but thre aint no worms ere jus rexyboyo on his wormhole void to another world where hes suspenede in ribeena with lawn mower hooked into brain to keep active

i buyin amer like it ribeye steak before ration day startin

sun risin on amer be warned it gonna be 45p next years

[acv74] 13/9/2018 07:18

The financial results look good

[moneylender] 13/9/2018 07:01

13 September 2018


Amerisur Resources Plc ("Amerisur", "the Company" or "the Group")



Interim Results



Strong revenue growth, cash generation and profitability



Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce its interim results for the six months ended 30 June 2018 (the "Period").



Highlights:


Financial

· Strong revenue growth of 93% to $67.9m (H1 2017: $35.1m)

· Generated profit after tax of $10.8m (H1 2017: loss of $2.3m)

· Adjusted EBITDA of $24.3m (H1 2017: $7.6m)

· Increase in net cash from operating activities to $12.5m (H1 2017: $7.8m)

· Robust cash position of $49.3m (H1 2017: $29.0m)



Production and OBA

· H1 2018 average production increased 33% to 5,959 BOPD, with an average realised price per barrel of $64.2 (compared to $47.2 in H1 2017)

· H1 2018 OBA throughput average of 4,987 BOPD

· Concluded negotiations with Petroamazonas bringing Amerisur's guaranteed minimum carrying capacity through the OBA to 9,000 BOPD

· Post-period end, completed construction of Chiritza (re-pumping) station, with commissioning expected shortly

· Continuing focus on strong HSE practices, with no reported lost time incidents



Exploration and Appraisal

· Strong progress made performing preparatory works and civil works across Platanillo, Put-8 and CPO-5

· Post period end, the spudding of Pintadillo-1 occurred

· Completion of civil works at Indico-1 well in the CPO-5 block

· Signed value-accretive low-cost acquisition of 100% working interest in Put-14 post period end



Outlook

· Advancing near term exploration activities, with Indico-1 expected to spud in October

· Drilling plan continues, targeting prospective resources of 131.53 MMBO net. The eventual split between exploration and appraisal/development wells will depend upon success and choices made during the programme. A range of between 8 to 12 exploration wells and 2 to 6 appraisal wells are planned to be drilled between now and Q3 2019.





Giles Clarke, Chairman of Amerisur, said:
"The first half of 2018 has been a period of significant revenue growth for Amerisur, with our low-cost production and excellent netbacks delivering strong cash generation and profitability. As the owner and operator of the strategic OBA pipeline, we continue to deliver highly competitive operating margins and during the period, we were able to secure an increase in guaranteed minimum carrying capacity through the pipeline. We have now spudded the Pintadillo-1 well in the Platanillo block, the first of three fully-funded wells targeting the N Sand A anomaly, estimated to hold P50 resources of 11.44 MMBO.



"For the remainder of the year and into 2019, we remain focused on growing production levels from existing reserves and executing our drilling plan, which is targeting resources of 131.53 MMBO net."




CHAIRMAN'S AND CHIEF EXECUTIVE'S STATEMENT


Introduction
We are pleased to announce Amerisur's 2018 half-year financial results, a period of strong revenue growth, cash generation and profitability from our low-cost production with excellent cash netbacks which have capitalised on the higher oil price compared to the prior period.



We achieved a number of important milestones during the period and are currently drilling the first of three near term exploration wells, the first being Pintadillo-1, which is targeting total P50 resources of 11.44 MMBO (net). With the commencement of our drilling programme, the ability to have additional pipeline capacity in Ecuador has been one of our strategic priorities. In this regard, we brought negotiations with Petroamazonas earlier in the year to a successful conclusion with the signing of an agreement to bring Amerisur's guaranteed minimum carrying capacity through the OBA to a total of 9,000 BOPD. The Chiritza station construction was completed post period end and commissioning is expected to begin in September followed by full operation. Our delivery of this important project, on budget and ahead of schedule, is a timely milestone for Amerisur. We also transported our two millionth barrel through the OBA system, with the pipeline paying for itself in just 15 months of operation in February 2018.

[kaos3] 13/9/2018 06:23

most will be happy but will not consider what was missed.

major mistakes in life are done by not doing lol

[sji] 13/9/2018 06:21

Other important updates:-

* Sales reached €68m

* For H2 2018

• To increase production through exploration success

• Production from a minimum of three fields - So, there is a new well that will soon start producing!

• Drilling of Pintadillo-1 ongoing (Pintadillo-1 spudded in Aug 2018 and 9.5/8" casing set at 5,486 ft, drilling ahead)

• Spudding of Indico-1, October (Drilling of Indico-1, targeting an updip section of the Mariposa play on the Lower Sands, to spud in October • Followed by the drilling of two further wells Aguila and Sol targeting 0.8MMBO and 1.2MMBO net, respectively)

• Drilling of up to seven wells before YE

[lauders] 13/9/2018 02:53

An ideal RNS list this morning will include a positive drilling result in one RNS and some stellar figures + positive outlook from the AMER BOD in another. Then we should hopefully see a turn in the share price performance. Good luck fellow AMER investors!

PS. The link above in a form that makes it easier to connect to:

[ken chung] 13/9/2018 01:45

All an oil discovery will do now is help offset the production decline elsewhere rather than adding additional value.Basically it's a lifeste company now on a gradual decline path.Lemmings only.

[moneylender] 13/9/2018 00:45

I am curious to know why no holding RNS for any of the institution increases only the RH decrease RNS was issued. How far will they go to keep the share price down?

[boatman123] 12/9/2018 19:26

Interesting post put up by docisacoc on lse a little earlier - http://www.amerisurresources.com/images/aimrule26-documents/AIM-Securities-Information_31-Aug-18.pdfRiver & Mercantile increased by 7mHargreave Hale increased by 13mHL increased by 13mInteractive increased by 6mRex and invesco below 3%

[alamaison5] 12/9/2018 18:52

In case you missed it:
The N sand formation was tested and a total of five feet of the 12 feet net oil play was perforated, with 340 barrels of oil per day (BOPD) of 18.0 API (American Petroleum Institute scale) subsequently flowing in the test.

“The test of the N sand was very positive, and since this test is located at some 3.4 km from the only other N sand test in Platanillo-2ST1, it gives further support to our view of an important resource existing within that unit which we will continue to define and develop over the next few years,” said John Wardle, chief executive officer of Amerisur.

[alamaison5] 12/9/2018 18:51

I called my dog REX. Very appropriate...

[tyler durden1] 12/9/2018 17:08

or call the next dog Amerisur. He might be a good dog. Hope the dog is an share price retriever.

[lucyp00p] 12/9/2018 16:49

perhaps we should stop looking at Rex as a problem, and realise that, unless you have bills to pay, his petulance has presented us all with a once in a lifetime opportunity to extend our positions here, as I most certainly have. I think I'll name my next dog after him.

[wskill] 12/9/2018 16:37

Tried for a top up of 100k shares with AJ Bell not possible best I could get was 25k at 14.98p not much of an overhang.