Amerisur Resources Share Discussion Threads

[ammu12] 26/9/2018 15:12

Shorters must be getting a tad worried

[deanroberthunt] 26/9/2018 14:20

I believe I've found your resident Narcissist

[deanroberthunt] 26/9/2018 14:08

...that's a no then

[deanroberthunt] 26/9/2018 13:46

still waiting

[foiledagain] 26/9/2018 13:45

They know its different elsewhere, as in relatively close proximity the N sands produce, with proven resource.

Because they found nothing in the N sands at this location does not mean hydrocarbons are absent from all N sands locations, otherwise they would not have proven resource status elsewhere, and where other companies produce from the N sands.

[tsmith2] 26/9/2018 13:42

I think RH's is dumping

[deanroberthunt] 26/9/2018 13:40

don't understand your point

"The Company is currently analysing the logs and samples obtained in order to determine whether the lithology encountered at the N sand level is likely to be the same or potentially different in the other identified anomalies, before any further drilling decision is undertaken in this three well programme."

[moneylender] 26/9/2018 13:37

I did try and explain that yesterday!

[thegreatgeraldo] 26/9/2018 13:32

deanroberthunt
26 Sep '18 - 13:28 - 12414 of 12415
0 0 0
maybe they will drill another N sand well a bit more conservatively? ...

..useful hint - try reading the RNS before making comments like the one above

[foiledagain] 26/9/2018 13:29

roll

Wells are targeted, but it depends on whether they are exploration wells or production wells as to where they are targeted or why they are targeted.

Look back at the plat situation, in exploration phase wells were placed at various locations, but once production wells were sunk, there was success in quick succession based on lining up the darts.

Lining up the darts/arrows can be really frustrating but its a necessary evil.

[deanroberthunt] 26/9/2018 13:28

maybe they will drill another N sand well a bit more conservatively? ...

[deanroberthunt] 26/9/2018 13:24

it's like F1 engineering, you keep making it smaller lighter until it breaks, then you add a little bit back on....otherwise, you'll never be competitive

[deanroberthunt] 26/9/2018 13:23

you should be pushing the envelope....

[rollthedice] 26/9/2018 13:20

Wells are supposed to be targeted! You're not going to spend millions trying to find the extreme edge or miss entirely.

[thegreatgeraldo] 26/9/2018 13:12

FA - Are you being serious, or sending yourself (or somebody else?) up?

[plentymorefish] 26/9/2018 13:11

Cinoib - Can you let me know what you're having for your tea tonight as that will be equally as interesting and add as much value to the debate here as your previous post?!

[foiledagain] 26/9/2018 13:10

there's not even a valid fundamental reason for share price to fall to 12p if Indico did not hit oil either, as its lining up the darts to see what's there. Its part of being an exploration and production company's modus operandi.

Once reliable information on a field is obtained then you drill PRODUCTION WELLS and there is a much higher expectation of success.

Thats a reason it goes on long term testing too, EVALUATION.

yes it would be great if indico gives the performance of Mariposa, because that would mean an 11,000bopd well, but it would still mean trying to ascertain the extent of the field, which is why its often the case that drills are in quite different locations at exploration stage.

[ammu12] 26/9/2018 13:09

Get in while you can. This is about to blow

[fernandesb] 26/9/2018 13:00

This is a good share to spread bet.Specially at this price at £1000 a pip you can make a fortune if you get it right.

[cinoib] 26/9/2018 12:52

Pleased I listened to myself on this one has already been burned once. This was good once but am staying clear now.

[tsmith2] 26/9/2018 12:35

8-10mn today?

[tsmith2] 26/9/2018 12:26

Excellent vol

[bigwavedave] 26/9/2018 12:16

Yesterday's drop overdone, imo. Disappointing, yes, but the well was not a duster and hopefully will come on production in due course. I never really thought the N sands were priced in anyway.

[thegreatgeraldo] 26/9/2018 12:10

FA - Yes, very good.

[ammu12] 26/9/2018 12:00

Poo at $80++ this is undervalued for a producer with no debt. Next trading update would be interesting with all the extra profit. 14p+ this week!!