Amerisur Resources Share Discussion Threads

[swerves1] 17/2/2019 12:32

We should beware of shorters and those trying to buy back in at lower prices!
CPO-5 is really the big one now, and the Oxy $95m farm out is major too.
So anyone selling now is likely to miss out on the big rewards imo

[plentymorefish] 17/2/2019 11:46

I'm presuming from your statement that you've gone short on Curly Wurlys - what's your target price....3p each?....that's probably the only outcome that will enable you to buy 5 for the price of 1 AMER share

[tom111] 17/2/2019 11:27

You do have a strong point TD however we do now other parties heavily involved now who will want to get on with it, for that reason I am invested here.This time will be different,hopefully

[bigwavedave] 17/2/2019 09:12

One day, maybe, one AMER share will buy five Curly Wurlys.

Westie - Hi mate. Yes, all OK thank you. Still breathing.

[tyler durden1] 17/2/2019 09:10

Knackers. with respect the presentation you cite does not do what you say. It refers to "significant future upside at Platanillo"
"ability to grow OBA throughput through focussed investment: ORGANICALLY & partner Oil, brought in crude eventually"

"16 Fully funded wells planned by end 2018, 3 on Platanillo"

Refers to pad 2N Important Extension of Platanillo
"Deeper OWC in U sand increases resources from 3mmbbo to 8-10mmbo (U sand). Drilling needed to prove up"

Then we have JW's announcement in
21/11/2018 7:00am
UK Regulatory (RNS & others)
"The Company is currently reviewing options to utilise that capacity through the purchase of local crude oil as an interim measure UNTIL COMPANY PRODUCTION INCREASES."

Then we have Pintadillo:
25/09/2018 7:02am
UK Regulatory
"While it is disappointing not to have encountered the N Sand as expected, we are encouraged by the development of the T and U sands in this area, in light of our success to date at Platanillo-8 and Platanillo-20. On success these accumulations offer reserves upside and useful bolt-on production volumes and I look forward to updating the market on test results."

Yes we look forward to someone updating the market on these test results!!

13/09/2018 7:00am
UK Regulatory
"Following solid production at Platanillo in the first quarter, it somewhat reduced in the second quarter as a result of a number of workovers, the ongoing treatment and maintenance programme and a reduction in certain key wells, including Platanillo-22 which required further investigation as we worked to optimise production in a responsible operational manner for the long term. The remedial workover and cement repair at Platanillo-22 was successful and it is now producing 415 BOPD, with further work planned to INCREASE PRODUCTION RATES while assuring the integrity of the well.

Being dependent on Platanillo production and the constraints of equipment maintenance activities, production throughput of the OBA averaged 4,987 BOPD. Total investment in the OBA was $22 million and to date has delivered $26.6 million in savings through the reduction in transport costs. Our focus remains on INCREASING the throughput of this low-cost route to commercialisation which will generate further cost savings for the Company."


"OBA throughput levels were impacted during the latter part of the period by the reduced production levels from the Platanillo field, whilst well treatment and workovers took place."

This is along with a Popes visit, social unrest, Colombia taking early royalty payments etc. etc.

Now there are also other targets that encountered oil whilst drilling Plat wells that were mentioned in previous years, considered to be useful to be tapped later as an additional reserve/resource?

31/08/2018 7:00am
UK Regulatory
"We are delighted to have commenced the drilling of Pintadillo-1, in the central part of the Platanillo block, the first of up to three fully-funded wells targeting the N Sand anomaly and estimated to hold P50 resources of 11.44mmbo. This is an exciting time for the Company and I look forward to updating shareholders in due course on the results."

05/07/2018 7:00am
UK Regulatory (RNS & others)
'During the month an organic treatment was performed on well Platanillo-22 which was partially successful, initially returning production to approximately 650 bopd. However, within a few days this volume fell to approximately 350 bopd. The well is currently being monitored. The Company continues to review options for production INCREASES at Platanillo.'

Wanted to mention the 16/4/18 presentation which appears to now be unavailable.

15/5/18 presentation
"▪ Significant future upside at Platanillo – unrisked prospective resources of 37.7 mmbo

Now expenditure is expected to be $0.9m when we have no cash problems to prevent the other sands producing from wells already drilled? If it was a question of not having money you can understand not exploiting the full potential, but with CAPEX being demolished by the farmout and already costed wells, cash cannot be the problem.

Look at the drilling results on those Plat wells, the other sands that hit oil, that could be utilised into production later?

On the good news though I suspect PUT to be bigger than CPO-5 providing the Pope doesn't visit, or social unrest, or Colombia doesn't take its royalty in advance etc. etc. almost like wrong type of snow.

[treasure] 16/2/2019 18:32

With you also on this post, other thing I forgot to mention earlier was that JW is doing investors presentations as we saw, why would he be pushing plat to new investors it's all about 2019 to 2021. The majority of people that are pushing problems with plat or OBA are either short or sold to early and want back in or investors that have been here years and may feel rightly fed up if they thought plat was gonna deliver 20000 bopd. Roll on with progress, I'm expecting move from aim within 2 years and fat divi within 3. As he said medium producer is the goal he mentioned in recent interviews. I am happy to wait for that and revisit plat if needed is a couple of years if there is any capacity left in the OBA......

[knackers] 16/2/2019 17:50

Lifting in Plat necessitates routine and regular maintenance - nothing new there and we know the Plat opex plans for Q1. Production was always expected to slow from 2016 as shared in corporate presentations such as May 2017. hxxp://www.amerisurresources.com/images/rns-pdfs/AGM-Presentation-09-05-17.pdf
Plantanillo is not a transformational resource and never was, but what it has done and continues to do, is enable minimal dilution whilst a world class asset base has been built.

The frustration has been the painfully slow pace of development beyond Plat. But we're not shooting fish in a barrel here. LTers have been waiting years (7+ in my case), and frankly I don't need to be reminded of the fact. But finally we're coming good. That's all that needs to be said really.

[bad gateway] 16/2/2019 17:16

Bottom of that box is written in Spanish..

News:
- Preliminary information.
- The Colombian Crude Received for transport by the SOTE / OCP is not included as part of the National Total of Controlled Production

Don't Amer use this system?


“The pipelines are being used at 70 percent capacity in Ecuador,” Espinosa says. According to an agreement signed by both oil companies on June 11, 2015, the pipeline would be an expansion of the Amazon District Oil Pipeline Network (RODA) operated by PetroAmazonas. Amerisur would construct the pipeline on both sides of the border and connect it to PetroAmazonas’s portion on the Ecuadoran side. The crude oil extracted in Platanillo by Amerisur would be delivered to the Lago Agrio station, to the center of the Trans-Ecuadorian Oil Pipeline System (SOTE), or to the Amazonas Terminal of the Heavy Crude Oil Pipeline (OCP). Amerisur would pay PetroAmazonas a tariff of $1.09 per barrel of oil for the use of the RODA.

[tom111] 16/2/2019 16:59

We heard you the first time!

[tyler durden1] 16/2/2019 16:47

Fallen off a cliff or perhaps the Pope has visited again, or Colombia taking more oil in payment, or social unrest, or low price of oil...or failing that perhaps Plat is f up and has been from when someone posted it on this bb about 18months 2 years? Cant remember who posted it.

I find it hard to believe that Plat has suddenly declined, and equally harder to believe someone else didn't know about this some time ago, as someone posted it on this bb, and another poster refuted it and allegedly contacted the company and was allegedly told no problems

[lordyjordy1] 16/2/2019 16:35

Xxnjr

How the hell did you find that. Great work.

Just looked at a 4th of April operarational update (RNS) it says daily through put was 5544 bopd (average). Plantanillo production seems to have fallen off a cliff.

[knackers] 16/2/2019 13:40

With you there Treasure, CPO5 is an entirely different ball-game. Just how different will be proven by Indico's "environs" and of course eventual OWC established by the appraisals.

Plat needs regular, routine maintenance which is well known and in the public domain. The opex and downtime at a lifted field like Plat again is understood. CPO5 on the other hand has current production @ ~2,600bopd [net to AMER] sold at wellhead at Brent less $10pb and is on natural flow, so absolutely minimal overhead.

Looking to Calao and Pavo, the key points:
1. The sheer depth of column at Indico: Highly unlikely to be an isolated structure given Mariposa read across, bodes well for surrounding structures
2. After 15 months, no change in flow rates at Mariposa: Also a big structure in same play/sands

Q. Is Indico the deepest, sweetest point in NW of CPO5? Possibly ;o)...but the law of averages would say most likely not.

Assuming therefore that AMER/ONGC haven't absolutely nailed the LS3 at Indico-1, given what they already have and the scope for further significant 2P upgrades with the In-1x appraisals, that's a cracking problem to have.

[mickinvest] 16/2/2019 10:11

hxxps://rogtecmagazine.com/russia-and-colombia-lead-global-oil-and-gas-discoveries-during-q4-2018/

Minor mention for Indico and sort of puts Colombia on the oil map as far as recent discoveries go.

One for you tgg, interesting Dragon oil's production is less than it was 5 years ago!

hxxps://www.thenational.ae/business/energy/uae-s-dragon-oil-targets-higher-production-in-2019-on-ramp-up-in-markets-1.824923

[treasure] 16/2/2019 10:08

Snouts in the trough....

[treasure] 16/2/2019 10:05

Tyler, if the FCA investigated anything it would be the manipulation of the SP, it's been plain and simple in my opinion. The supposed drop off in the OBA has only become something questionable in some investors eyes in 2018 not years ago, I somewhat agree that regarding plat but as the big guy said the farm out process was always the plan and talks a foot in early 2018 so if they knew that why would they spend millions on plat when they could sell third party and also the OBA would eventually carry the oil produced from the farm out. There are some superb posters on here and the LSE board that have said this over recent months and I agree with that. If it is delivering shareholder value, people would question why did they spend so much on plat. I would. For me all that is happening now is the usual sought shelter in the trough syndrome. The big boys are loading up for the kids and grannies before they start using the II pot....they want a piece of the action. But that's just my opinion. Plat has allowed us to get to this point and cpo5 will bring about the next story with the farm out and after that who knows, will have enough moolah to not require a farm out and keep the lot of the other blocks. Never in all my years seen a share like this. The where we could be in 2 or 3 years is unlike any other share with in my opinion little potential downside.

[kaos3] 16/2/2019 09:53

Plat situation must be known for over 2 years in retrospect.
hence those strange happenings
I would say they did not lie but did not tell (a bad human habit)
RH is no character to be treated like this. in the end it is or it is not. no bull.
hence they took actions - finding OXY with local tech expertise, redirecting the attention (like the 300k tanker shipment, fast drill program promised last year etc, omitting monthly reports, after N sands failed hope for the other layer was given but nothing after that..) hoping for CPO 5 and buying time.
and they and us got lucky.
connecting the dots more or less makes sense.

[xxnjr] 16/2/2019 09:11

lj1


Click on the blue link "ver informe"

bottom LH data box "1.4 Crudo Colombiano Recibido"

New data comes out late evening Mon through Fri for proceeding day.
Nothing published Sat/Sun. Means we only get 5 data days, not 7.
Week-end is party-time in Colombia.

[tyler durden1] 16/2/2019 08:58

xxnjr/Kaos

Sad but this illustrates in my opinion why investors are not piling in. It would never surprise me for the FCA to investigate the announcements over Plat and the OBA and whether there's any connection with RH offloading? I know no evidence to suggest that and am not suggesting for one minute foul play, but there are some things that require more explanation.

Only a few months ago comments on Plat considered it capable of producing much more, if not, why give comments on the transformational nature of the OBA to be able to carry the increased production expected from Plat? Why increase the capacity, why pay for the upscaled pumping station, a 50,000bopd pipeline. Only now does it seem Plat's status is revealed.

The fact we have a fantastic asset in CPO-5 should not gloss over the situation at Plat which looks more and more like some might have known of problems years ago when they posted it on here, which was refuted, and where we've had Popes visit, low oil price (shutting in wells), Social unrest, Colombia collecting oil payments used as reasons, but where now its accepted that Plat is a mature field warranting only 0.9m$ and still no word on Pintadillo.

Many have posted on this bb in the past concerns over Amerisur's seeming reluctance to be forthcoming, although on some occasions that's been because they've been negotiating some stonking good deals.

[lordyjordy1] 16/2/2019 08:02

Xxnjr,

How do you know the through put figures?..

Cheers

[kaos3] 16/2/2019 07:47

stating facts
is not a whine

lol

depends on poster ;)

lost OBA income is?
why?
what were the plans?
what reasonable explanation were given but for the government take?
what corrective actions were taken? (if we buy oil it is ours not 3rd party oil so we can ship?)
what were results of the corrective actions and why so?

but that is just a whine - is it not? - who cares about millions in cash in opportunity OBA loss. (I do)

PS - I hope that it flows daily as we do not want to get tech problems due to non usage.

[xxnjr] 15/2/2019 22:37

No sign of it yet Knackers, last 4 wks OBA ave daily volumes were

Current week: 1876 bopd
1 wk ago: 1714 bopd
2 wks ago: 1978 bopd
3 wks ago: 1796 bopd
============================
2017Y: 4400 bopd
20181H: 4987 bopd
2018Q4: 2574 bopd

[11_percent] 15/2/2019 18:50

Great graphs tradesmarter……...keep them coming.

[knackers] 15/2/2019 18:35

Next week could be a good time for AMER to sell their Nov/Dec inventory!

[knackers] 15/2/2019 18:25

This time round the Saudis are serious. Obvious enough the market is going to get tight. Could be we're heading straight back to $70-80 range given this Saudi intent. Who's gonna take a position against that? Naturally, the yellow baby won't be best pleased but blew his own foot off with that shockingly ill-considered Iranian waiver. (How to make friends and influence people 101). Cough!

hxxps://oilprice.com/Energy/Oil-Prices/Goldman-Shock-And-Awe-OPEC-Cuts-To-Send-Oil-Higher-Soon.html

Frankly Goldman can whistle. Neither they nor anyone else know where the price is going to be next week let alone next quarter. How about higher? Read their early 2019 fx published late last year, they weren't even close.

[tradesmarter] 15/2/2019 18:17

Like everyone watching the paint dry with trading range tightly held around 16-18 for the time being. For now technicals just implying to buy dips 16.5p and think we just need to hold tight whilst the seller does his thing and we await news (then he'll be out). Frustrations with large moves in oil price simply not effecting this, or the city presentations having little impact. Our seller is controlling this and I'm grateful it has not been taken below 50 day support, but still think we may fill the gap a tad lower before we move higher.....for now I've kinda been happy as long as we hold the 15.5-16.5p area and then think we move higher as news approaches and seller drip drip gradually runs dry and market starts to anticipate this and expected newsflow.

As I said not done much on this due to the above and after watching the presentations etc I'm very comfortable holding for my bigger payday....only need a few more thousand for my target position to be complete....Ill check back in once we get above 18p or close below 16p.....

For now it appears 20 day attracking some sellers and 50 day still strong support

free stock charts from uk.advfn.com


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view from the 12th

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view from 27th....buy signals kick in from previous sell signal (added again)

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