Amerisur Resources Share Discussion Threads

[kaos3] 18/12/2018 08:17

no imho.

which presents an opportunity my friend ;)

[3roach] 18/12/2018 08:17

It really does make you wonder.

[kaos3] 18/12/2018 08:11

td - yes traps till now. but traps are very large in size. and relatively close together for this substantial size of traps and the first one just does not decrease flowing. they could be connected!


we need larger area seismic. like kitchen migration seal etc

to make guesses

[tyler durden1] 18/12/2018 08:05

Still too many reading too much into the situation. A great result, but its not the same as being a linked reservoir, although of course it could be which would then be enormous.

The original plans on the CPO showed different traps in the same structure, not one trap in the same structure. The reserve estimate targets were per drill, suggesting they do not or at least did not consider the reservoir continuous.

Fairway
1. n. [Geology]
The trend along which a particular geological feature is likely, such as a sand fairway or a hydrocarbon fairway. Prediction of conceptual fairways helps explorationists develop prospects. Along a sand fairway, for example, sand was transported and, presumably, was deposited, allowing an interpretation of the presence of reservoir rock in the fairway.
Schlumberger glossary

[gersemi] 18/12/2018 06:03

John Wardle, Amerisur’s CEO, said. “Our impression now is that we are developing an important play fairway within the LS3 unit of our large CPO-5 block, which will be further explored with the drilling of Sol-1 post short-term testing of Indico-1.”

-

Why does Wardle make reference to an 'important play fairway' by stating it is 'our impression that we are developing'? Is this confirmation that they believe they may have found something of significant material size? Surely you wouldn't state such a thing in a formal company submission if it wasn't true or even remotely true?

Why would you expose yourself to the possibility that Wardle could end up with egg on his face?

Why not simply report the drilling result and leave out the reference to a 'play fairway' which I assume is a discovery that stretches beyond a distance?

Yes, the end of day closing was pure theatre

[sji] 17/12/2018 17:21

Delphi6 Thanks.

So, very low volume then today. Hopefully, we get some more news soon to stimulate interest again.

[delphi6] 17/12/2018 17:17

sji Market glitch those at 16:29 WERE trades from earlier.

[sji] 17/12/2018 17:05

Any particular reason why no trades reported between 14:04:13 and 16:29:00?

[laptop15] 17/12/2018 16:53

Code 500..... gap the stock up or down

[westmoreland lad] 17/12/2018 16:47

Business as usual -- UT @ 14p ---------->

16:35:13 14.0000 500 UT
16:29:55 14.5800 10,669 AT
16:29:48 14.9000 40,000 AT
16:29:00 14.9000 5,356 AT
14:04:13 14.7372 5,230 O
13:55:25 15.0000 15,706 AT

[lucyp00p] 17/12/2018 14:29

I had it, then had to take a phone call. Never mind, I'm happy with any upside as it's just play money I'm using now.

[swerves1] 17/12/2018 14:17

I think anybody selling here to buy back in lower is really going to struggle here!
A lot of positive news in the pipeline and could come at any moment, imo

[juuunx2] 17/12/2018 14:05

Would be great to see the back of 16p this week. Your 14.3 looking dodgy now Lucy may have to add a little higher.

[mister md] 17/12/2018 13:52

Well they want almost full offer 15p for any buy size now, so perhaps a move higher is on the cards if we get some volume ...

Anyone care to share L2 ?

[knackers] 17/12/2018 13:31

I think there are many 'low ball' purchase orders with brokers but they just can't be filled!

Hard cheese. MMs have to re-rate.

[mister md] 17/12/2018 13:26

likewise the very first trade of the day a tiny 680 AT @ 15.0 sell looked a bit like manipulation ?

[knackers] 17/12/2018 13:16

'AT' trades at 1215 look a bit dubious. L2 just starting to show signs of life. MMs want cheap shares. Stand-off, but VERY little stock about. Hmmm could pop...any moment

[lucyp00p] 17/12/2018 13:12

Just missed 14.3, waiting on it now. Don't care if I miss it, but, as Mrs. Lucy says, I must be disciplined.

[juuunx2] 17/12/2018 12:52

Good for you Lucy about time you had another top up lol

[lucyp00p] 17/12/2018 12:37

I got in at 14.19 and closed out at 15.22 on Friday for same money plus free shares. Will do the same today when we hit 14.3. Easy

[paradores] 17/12/2018 12:20

False market so far today, not dissimilar to Friday AM. MMs not playing, with a yawning spread. Someone wants to hold this down.
AMER vulnerable to a hostile approach @25-30p though I hope and would expect BoD and PIs would bat that away. Tish n' pish and plenty more fish ;o)
Then again.

[juuunx2] 17/12/2018 12:12

Up and down on no real volume bit strange