Amerisur Resources Share Discussion Threads

[gersemi] 12/1/2019 19:03

thanks all -

[sogoesit] 12/1/2019 18:39

Sorry for the lengthy post but here are some diagrams you may find useful:

[gersemi] 12/1/2019 18:26

thanks xxjr1

Interesting to see this from Geopark operating in the LLanos. A pipeline with capacity of 100k bopd..there's plenty of oil in that there basin

'In Colombia, construction of a flowline connecting the Llanos 34 block to the Oleoducto de los Llanos (ODL), one of Colombia’s principal pipelines is on budget and on schedule. Construction is expected to be completed by January 2019 and, following customary approvals, is expected to be operational in 1Q2019. The project will support future production growth (with a capacity of up to 100,000 bopd) and will reduce transportation and operating costs. '

[gersemi] 12/1/2019 17:45

thanks Drewster

OWC - 'A bounding surface in a reservoir above which predominantly oil occurs and below which predominantly water occurs'...therefore since we haven't yet located the OWC can we say the oil column is much larger than current evidence suggests? It must be surely?

I'm sure there are other who understand the implications of determining the precise OWC in determining the size of the discovery..

cheers

[gersemi] 12/1/2019 17:34

Knackers

'lowest known depth' with nil OWC''......I have a vague idea what this infers and I know it's a positive for the discovery but how important is this for Indico-1 and CPO-5 in a valuation sense?

Does it mean there could be more to discover?

thanks

[knackers] 12/1/2019 17:01

xx, they have indeed, much to their credit. I think we under-estimate the involvement of AMER and JW in particular in the NW of CPO5 and his local knowledge of the geology.

Abundantly clear CPO5 is a very large fairway/oil course. Just how big around Indico-1 we should know before Easter, and if a 2nd rig can be mobilised for Sol-1 at acceptable cost, we may find ourselves celebrating our own 2nd Coming ;o)

Swerves, the question I fancy should be t'other way round; so rather, what price tag would AMER accept!! There is more than sufficient value and potential that the 30% seller has the 'power-play', though clearly everything has its price. I sense both parties are now 'locked-in' as both will be privvy to the wealth of data from Mariposa's LTT and Indico logs and STT, remember Indico-1 is at the 'lowest known depth' with nil OWC...

[sogoesit] 12/1/2019 16:38

Buying a company legal entity as a whole avoids any pre-emption as can occur on farm-ins/farm-outs of Licence Interests.
Owners of Licences can be happy to have JVers, the common form of sharing risk in the Oil&Gas business, not only for risk sharing but also JV partners can bring expertise, knowledge and/or ideas to the table as well as money and Operator expertise/standing (to carry liability).
JW has referred to this in one of his interviews where he mentions that AMER management spend a lot of time camped out in ONGC's offices... presumeably persuading ONGC about their ideas.
Licences where owners are 100% can be dangerous as it is difficult to challenge ideas (consensus) internally in an organisation.

[xxnjr1] 12/1/2019 14:57

ONGC must have been asleep at the wheel. Had it been a farm-in, then ONGC would have presumably held pre-exemption rights, but AMER nipped in and stole the company. In fact, for those who haven't seen, AMER seem to have been pretty cute on the M&A and farm-out front in recent years.

slide 5 of

[swerves1] 12/1/2019 14:00

Am puzzled by this:
I understand that Amerisur bought the Petro Dorado subsidiary company that held a 30% interest in CPO-5. But with ONGC holding the other 70% interest in CPO-5, how on earth did Amerisur manage to get this ahead of an oil major who owned the remaining 70%? And bought for only $6m!
So an amazing deal for Amerisur imo.

What would ONGC give for this 30% now I wonder?

[dan de lion] 12/1/2019 13:46

Doesn`t matter who negotiated this deal, it would have resulted in this situation of us as a vasal state, lets face it, the Irish want to separate N.I. from GB. and this gives them the ideal excuse to be as stubborn as possible about a border deal, the current deal makes it impossible to leave without giving in to a separate border in the Irish sea, beginning of the end for N.I. to be part of the UK, same with the Spanish over Gibraltar.

Only one of two outcomes really, leave or fully stay in.

[the drewster] 12/1/2019 09:21

Markets have priced in the likely fail by now (imo) but I wouldn't be surprised to see a fall in the markets and rise in gold when the failure of the government is confirmed.

[bigwavedave] 12/1/2019 09:08

Any views on how (or whether?) the anticipated defeat of the PM's Brexit deal on Tuesday will affect markets? My assumption is not much ...bwtfdik?

[gersemi] 12/1/2019 08:10

Yes, thanks Lauders. That level of Directors skin in the game would put most other listed companies to shame.

I have no doubt that Rex Harbour's still haunting this stock. The question is, is his presence malicious. Does he bear a grievance against the current board and if so is he deliberately behaving in a destructive fashion or simply exiting his position in an orderly fashion. Or could he be shorting the stock?

I think the next piece of good news should propel the price through the seemingly immovable resistance of 20p, assuming it is of course good news.

You can see the demand for stock is there but the seller(s) is(are) keeping the lid on it all for now. That will change, hopefully

[bountyhunter] 12/1/2019 06:43

Great post Lauders, I knew the directors had bought a few but it's good to see that chronological record. They clearly know the potential of this company and are very well motivated to achieve it.

[boatman123] 12/1/2019 06:39

Ride I mean !

[boatman123] 12/1/2019 06:34

Exciting very profitable year for us all hopefully , long as we hold on till the end of the drive

[homebrewruss] 12/1/2019 06:08

Thanks Lauders, I've bought quite a few AMER since the recent news.
Should be an exciting year for them.

[lauders] 12/1/2019 01:11

More for my own interest but worth sharing is a record of director buys from 2017:

2019

1) 02 January 2019, Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 428,000 ordinary shares of 0.1 pence at a price of 17.516 pence per share, for a total cost of £74,968.48.

2) 02 January 2019 Dana Coffield, Independent Non-Executive Director, acquired 469,850 ordinary shares of 0.1 pence at an average price of 17.96 pence per share, for a total cost of £84,385.06.

3) 02 January 2019 Stephen Foss, Independent Non-Executive Director of Amerisur, acquired 200,000 ordinary shares of 0.1 pence at an average price of 17.5 pence per share, for a total cost of £35,000.

2018

1) 28 November 2018, Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 687,000 ordinary shares of 0.1 pence at a price of 13.10 pence per share, for a total cost of £89,997.

2) 26 November 2018 Giles Clarke, Chairman of Amerisur, acquired 500,000 ordinary shares of 0.1 pence at an average price of 13.743 pence per share, for a total cost of £68,714.95.

3) 23 November 2018, Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 8,125,000 ordinary shares of 0.1 pence at a price of 12.30728 pence per share, for a total cost of £999,966.

4) 23 November 2018 Chris Jenkins, independent Non-executive Director of Amerisur, acquired 150,000 ordinary shares of 0.1 pence at an average price of 11.96 pence per share, for a total cost of £17,944.

5) 23 November 2018 Elodie Grant Goodey, independent Non-executive Director of Amerisur, acquired 36,959 ordinary shares of 0.1 pence at a price of 13.50 pence per share, for a total cost of £4,989.46.

6) 22 May 2018, Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 395,000 ordinary shares of 0.1 pence at a price of 20.25 pence per share, for a total cost of £79,987.

7) 18 April 2018 Dana Coffield, independent Non-executive Director of Amerisur, acquired 216,000 ordinary shares of 0.1 pence at a price of 15.82 pence per share, for a total cost of £34,171.20.

8) 17 April 2018, Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 322,000 ordinary shares of 0.1 pence at a price of 15.5 pence per share, for a total cost of £49,909.

9) 16 April 2018 Dana Coffield, independent Non-executive Director of Amerisur, acquired 233,000 ordinary shares of 0.1 pence at a price of 15.11 pence per share, for a total cost of £35,206.30.

10) 16 April 2018 Chris Jenkins, independent Non-executive Director of Amerisur, acquired 200,000 ordinary shares of 0.1 pence at a price of 15.06 pence per share, for a total cost of £30,120.

2017

1) 30 October 2017 Dana Coffield, Independent Non-executive Director of Amerisur, acquired 151,000 ordinary shares of 0.1 pence at a price of 19.77 pence per share, for a total cost of £29,853.

2) 23 October 2017 Alex Snow, Senior Independent Non-executive Director of Amerisur, acquired 500,000 ordinary shares of 0.1 pence at a price of 19 pence per share, for a total cost of £95,000.

3) 25 September 2017 Chris Jenkins, independent Non-executive Director of Amerisur, acquired 100,000 ordinary shares of 0.1 pence at a price of 17.25 pence per share, for a total cost of £17,250.

4) 25 September 2017 Tracarta Limited, a company in which John Wardle (Chief Executive Officer of Amerisur) has an interest, acquired 1,200,000 ordinary shares of 0.1 pence at a price of 16.5 pence per share, for a total cost of £198,000.

I didn't see ANY sells and to me it makes a buy price of anywhere below 20.25 pence (highest paid on 22nd May 2018) seem very sensible. Still time and funds willing I would be joining the BOD after the latest news!

[lbrokes] 11/1/2019 17:34

Patience padawan

[juuunx2] 11/1/2019 16:51

The force is strong with this one..,,,

[bryet] 11/1/2019 16:12

Next rns deal maker if its good news. Everyone switch off over weekend and hope the force be with us.