Amerisur Resources Share Discussion Threads

[deanroberthunt] 20/9/2018 12:11

12142 was your post...are you well? mentally

[lucyp00p] 20/9/2018 12:06

your post 12142 just cracked me up. You mean you were serious about that comment? That's even funnier, thanks for adding some comedy to my day.

[deanroberthunt] 20/9/2018 11:58

makes sense to me

[moneylender] 20/9/2018 11:48

Lucyp00p have you been on the sauce again as your last post makes no sense?

[laptop15] 20/9/2018 11:42

LEVEL 2 looking strong today 2.5 to 1 in favour of buys lined up :))

[lucyp00p] 20/9/2018 11:31

ha ha ha ha ha, you kill me. Should do stand up.

[moneylender] 20/9/2018 11:11

Our regular seller has been missing for a couple of days now, maybe he will keep the rest to give him a huge profit over the next 6 months!

[laptop15] 20/9/2018 09:54

https://twitter.com/laptop1515/status/1042697870418300929?s=19

[aceuk] 20/9/2018 09:41

Not much fun going on!

[moneylender] 20/9/2018 08:45

TGG you are correct, usually someone gets it quickly but this time it seems to be under stricter security.

[thegreatgeraldo] 20/9/2018 08:20

moneylender - that's the summary of last week's Cantor note?

[moneylender] 19/9/2018 21:38

Fun day tomorrow

Thanks to Samroy on LSE

Amerisur Resources I 14 September 2018

Production

improved in the period to 5,959bopd (1H17 4,475bopd), despite a drop-
off in 02 as a result of maintenance and workovers at Platanillo. The Platanillo-22 well
was disappointing, although is now producing over 515bopd following cement repair
and remedial work. Current production is around 5.000bopd. and is anticipated to rise
further given upcoming wells and completion of workovers. Exports through the OBA
continue to rise, (4.987bopd vs 1H17 3,936bopd). although opex rose slightly to
$20.5/bbl (from $18.5/bbl) as a consequence of higher fixed costs incurred for the
higher level of production in 2017, which in turn saw production drop as a
consequence of the wider workover/maintenance programme in recent months.
However, we would expect that this will return to prior levels as production grows
Chiritza offers step-change in export capacity
The upgrade of the pumping station at Chiritza in Ecuador. will see the increase in
OBA capacity to 9,000bopd (from 5,000bopd). The project has been completed on
budget and ahead of schedule. Whilst the increased ullage is welcome. it is not
providing an immediate reduction in costs at the current time given production levels.
It will however give Amerisur the capability to export any new production from the
adjacent blocks to Platanillo. We believe that any new discoveries could be tied back
to the OBA both quickly and at low cost. giving a steeper runway to production
growth.
CPO-5 Results encouraging
The LTT of the Mariposa-l well continues, with flow rates in excess of 3,000b0pd.
Pressure Build Up analysis of the well has suggested that additional perforations may
further improve the flow characteristics of the well. The JV is currently considering
whether to undertake further work to assess the impact of this. In the near term, the
Indico-l well, targeting the same play as that at Mariposa-l is expected to spud in the
next month, followed by the drilling of two further wells (Aguila and Sol).
Drilling programme unlocks new acreage
Amerisur detailed the expanded drilling programme through 2019. This will comprise
(at least) 14 wells and erI see a vast increase in activity outside the core Platanillo
field for the first time. The programme is targeting over 130mmbbls with a total capex
cost of c$61m. This is fully funded from existing cash reserves and revenue.


Under our conservative assumptions, we estimate the value of the Platanillo field is 14p/sh thus underpinning the current price. When corporate effects and
plus CPO-5 (Mariposa) are included, we derive a tangible NAV of 23p/sh from which we
derive our target price. We have downgraded our production forecast for 2018 (now
6,000bopd) at Platanillo, to reflect the reduced production in recent months, which has
resulted in the modest downgrade to 23p (from 24p). However, the indication of the wider
potential from the portfolio is included in our RENAV, which we estimate as being worth
54p/sh (risked).
Amerisur plans to drill at least 14 wells through to the end of 2019. The programme is
detailed previously, and success should see the market rerating the stock accordingly.
Strong Buy

[jumpenjim] 19/9/2018 21:37

Go for it laptop n thx

[laptop15] 19/9/2018 21:01

Did you guys see new cantor note yet from last week dated 14th September. 10 pages long and very detailed. A good positive note if you ask me. Pity its just institutional only as I'm sure the PI's would like to read it too. Not sure why cantor haven't made a general release unless its to give the institutions the first opportunity to buy.From 14th September Plat 22 is now producing 515 bopd, good to see them rising production was 415 bopd on update RNS on sept 7th Anyway good drill sucess percentages and what was written about mariposa makes me believe there is a lot more oil there than most realise. Also once test is over the production level should see I nice increase.The note also shows how undervalued share price is currently considering all the exploration potential and strong cash position.23p was the very conservative target54p was the unrisked target.Can't attach as too big but will release screen shots on tweeter.

[eddie_yates] 19/9/2018 17:49

Two monkeys are in a bath.
The first monkey says Ooo, ooo, ooo, Arrr, arrr, arr, eee, eee, eee!!!
The second monkey says...........
Well put some cold in then!!!

[meneither2] 19/9/2018 16:59

That's the problem here, the monkeys keep avoiding capture!

[notimpressed] 19/9/2018 16:36

equal rights for monkeys, we demand not to be caught

[juuunx2] 19/9/2018 16:02

Is that the same as slowly slowly without catching the monkey :-)

[eddie_yates] 19/9/2018 15:57

I agree with the recent suggestion that RH may still be here when next years AGM comes around

[knackers] 19/9/2018 15:44

Agree, 'when' not 'if'. Amerisur still have plenty of 'terroir' to cultivate.
Bit of patience. Gently, gently...

[davwal] 19/9/2018 13:54

I think tomorrow is bang on the 21 days they had forecast for drilling, so maybe an announcement on Monday is more likely.

[moneylender] 19/9/2018 13:15

More blue than red on the trades, could we see a result of the drill tomorrow or will it be next week?

[deanroberthunt] 19/9/2018 13:00

when she is released it could double in no time

[bryet] 19/9/2018 12:45

Find lots of oil share price will start to rise Rex will sell faster so he won't have as much effect on the share price investers will be more happy and start to invest rerate will come all of us on here begin to smile just a matter of when not if.

[deanroberthunt] 19/9/2018 12:01

if the drill programme is even 50% successful, value will win out