Amerisur Resources Share Discussion Threads

[swerves1] 16/1/2019 06:10

Geremi - thanks, I never get tired of hearing good news or being reminded about the potential here. 2019 will be a very big year for Amer imo.

[lucyp00p] 15/1/2019 23:35

I come here when I start to doubt if Groundhog Day was just a movie. Same posts month after month after month, (check them if you like), and the occasional cut and paste - as if we don't know where to look for information. I was wrong to doubt myself, groundhog day is right here, on this board just change the share price

[gersemi] 15/1/2019 22:02

The next two months could prove transformational for AMER -

'The first well in the upcoming CPO-5 programme will be called Calao-1 and will spud this month. The well will target a structure to the southwest of Indico containing estimated potential resources of 2-7MMbo. A well called Pavo Real-1 will follow Calao-1. This will target a similar structure adjoining Indico to the northeast expected to hold between 2-23MMbo. Amerisur said both wells could offer more upside due to the potential for combination trapping.

Once the two prospects have completed, Amerisur will drill a further two appraisal wells on the Indico structure. These will refine resources and reserves estimates.

One well called Sol-1 is drill-ready. Alongside its partner at CPO-5, Amersiur is looking at whether to drill this in line with its schedule or hire a second drilling rig.

Amerisur’s chief executive John Wardle described the results at Indico-1 as ‘very encouraging’. He added:

‘The initial flow data also support our view of the importance of this play, not just at Indico but also in the surrounding area, extending down to Mariposa and up to the Aguila and then Sol structures. We have no doubt that further flow improvements may be achieved during LTT, as well as improvements to surface facilities in order to optimise production from the well. We are now evaluating the resource potential within the Indico structure, with the help of the data acquired to date and of course utilising additional data that will be acquired under the continuing STT and subsequent LTT.’

Wardle also said the firm has acquired all the necessary environmental permits for its planned wells at CPO-5. This means they are drill-ready.

‘These latest data from the well further indicate that we are developing an important play fairway within the LS3 unit of our large CPO-5 block, with significant upside both in the Indico accumulation, other structures to be drilled in the immediate future, as well as a long programme of exploitation within this sizeable block which is five times the size of our Platanillo block,’ he added.'

hxxp://www.valuethemarkets.com/index.php/2019/01/02/amerisur-leaps-indico-1-delivers-promising-initial-production-rates-amer/

[avsome1968] 15/1/2019 21:00

I like the word Augmented = make larger, enlarge size, number strength or extent; increase ===== monster find lol

[dan de lion] 15/1/2019 16:34

Does it actually require an RNS, as they have already announced that the drill will commence "immediately".

[xxnjr1] 15/1/2019 16:07

"immediately" includes a minor rig move (imho). even though it's being drilled from the same pad as the previous well. Would have thought an rns on spudding? or a spudding piece folded into the OBA quarterly numbers?

[thegreatgeraldo] 15/1/2019 16:04

Yes "immediately" after they've rigged down, then rigged up again.....

[dan de lion] 15/1/2019 15:56

Yes, that is correct, From the same RNS:-

"This has led the Company and the Operator to agree an augmented forward drilling programme, with additional directional wells to be drilled immediately from the Indico-1 location. The first additional well will be Calao-1, which is targeting a structure alongside Indico to the southwest,"


Note the word "immediately"

[thegreatgeraldo] 15/1/2019 15:42

I'm not wasting my time arguing. Calao will be the follow on well from Indico.

[fozzie] 15/1/2019 15:41

Amazing how we just seem to but up against 20p time and time again.

[dan de lion] 15/1/2019 15:39

From RNS dated 2nd January :-

"Fully funded four-well directional drilling programme to commence immediately from the Indico pad to determine the prospectivity of the area within the LS3 play"

[leas1] 15/1/2019 15:37

Sol-1 Is spud ready. ONGC have made that a priority too. Only thing preventing that being brought forward is availability of a second drill rig.

[thegreatgeraldo] 15/1/2019 15:27

dan de lion
15 Jan '19 - 15:23 - 16064 of 16064
0 0 0
Assuming they started the next drill at the beginning of January

...Why assume that? They haven't started drilling Calao yet

[dan de lion] 15/1/2019 15:23

Assuming they started the next drill at the beginning of January, then middle to end of February for the results.

[bryet] 15/1/2019 15:05

Plenty of buys but not doing much for share price everyone waiting for next rns.

[knackers] 15/1/2019 14:02

Flaps to inter, trim two divisions nose-down, harness, hood, fuel, carb intake cold, brakes-off....?

[leas1] 15/1/2019 13:25

Can only be good for the share price when the seller has cleared. For now it is not dropping the price. New investors at 20 or thereabouts should give us a solid base.

[gersemi] 15/1/2019 13:10

Another solid RNS required to clear the current seller, whoever the seller might be (no guesses who)

[juuunx2] 15/1/2019 13:07

I think intermediates maybe more apt

[mrx001] 15/1/2019 12:08

Wonder why this isn't going up when one looks at the volume of buys to sells? Yes I know that the volume is purely indicative and that maybe there is a hidden seller but it is still pretty amazing, maybe see more at close of play.