Amerisur Resources Share Discussion Threads

[lucyp00p] 21/3/2019 11:07

I'm curious. Is Friday typically a day for announcing good news or bad news?

[homebrewruss] 21/3/2019 11:07

From Malcy's blog today:
'AMER yesterday announced that it had exercised its right to first refusal on the Vestra sale of PUT-8 acreage to Gran Tierra Energy at a cost of $19.1m. The amount is easily funded from cash reserves built up in the last couple of years for just such an opportunity. Commitment is 3D seismic and a well when permission allows but much more importantly AMER get to put more oil down the OBA pipeline at financially beneficial economics. With the result from CPI-5 imminent and the Occidental deal bedding in I can think of few better investments in the sector.'

[bigwavedave] 21/3/2019 11:02

AMER's strategy appears to be focused more on land-banking and deal-making than E&P. I'm not saying that is wrong, long term, but it ain't doing much for the share price currently. Obviously hoping for something good from CPO-5 to give the numbers a boost.

[tyler durden1] 21/3/2019 10:52

Nowhere did the RNS state that Amerisur would be paying in cash? Its from internal resources? They have the ability to allot shares, but premature at this stage as I suspect a farmout on the horizon.

[thegreatgeraldo] 21/3/2019 09:48

Refer to the Feb pres...Mariparriba is costed at $7 mill, seismic @ $7.6 million (on a 100% basis)

[xxnjr] 21/3/2019 09:42

seismic is expensive in the jungle.

[thegreatgeraldo] 21/3/2019 09:39

So where does the "10+20" come from? Commitment (as per last ops update) is one well & seismic

[knackers] 21/3/2019 09:37

3D to enable farm-in on more preferential terms MUCH more likely JP ;)

[jp2011] 21/3/2019 09:30

3D and drills

[knackers] 21/3/2019 09:30

How about a positive spin on one of the largest onshore Colombian oil finds in recent years!!

;o)

If Calao is a combo trap and has the same LS3 characteristics as Indico is there an oil handling issue at the well-head causing the delay in completing and assessing natural flow?

[thegreatgeraldo] 21/3/2019 09:29

JP2011
21 Mar '19 - 09:19 - 18274 of 18278
0

hence blowing $50m (19+10+20) needlessly on PUT8 for ‘strategicR17; reasons is beyond me.

...Where does your "10+20" come from? 2019 commitment was previously about $8 mill, split between Mariparriba & seismic.

[xxnjr] 21/3/2019 09:26

whatever the reason given, it's difficult to put a positive spin on it!

Jan 19 averaged about 2100 bopd
Feb 19 averaged about 1865 bopd

[jp2011] 21/3/2019 09:24

You're probably right

[jp2011] 21/3/2019 09:24

How do you know OBA March figures, when were they published?

[knackers] 21/3/2019 09:20

POO breaking into new trading range.
Market continues to tighten.

JP Interesting they made the final call about a fortnight after when Calao should have reached target depth. There’s confidence written all over this Put-8 move. They have a very good handle on what’s there.

[jp2011] 21/3/2019 09:19

CPO5 self funding for exploration has some merit but that funds 2nd or 3rd gear not 5th and certainly not production facilities, hence blowing $50m (19+10+20) needlessly on PUT8 for 'strategic' reasons is beyond me.

[deanroberthunt] 21/3/2019 09:18

At this rate the drill bit will pop out on the other side of the planet!

[knackers] 21/3/2019 09:14

Some of the larger wells in Plat have been down for routine maintenance - as per the last operational RNS.

“Further well interventions are planned on 24, 21, 25ST1, 17 and 7 as part of the normal maintenance and optimization operations in the Platanillo field”

[xxnjr] 21/3/2019 09:06

Whilst understandable, the volumes going down the OBA barely get a mention on these boards, for example

2018 1H: 4987 bopd
2019 March (ave of days 1 - 20): 1861 bopd
Decline: -67%

Amerisur is a story of two halves.
Half is spluttering. Half is very promising.
But for the former, the share price would doubtlessly be stronger.

[knackers] 21/3/2019 08:41

Indico success and the reserves upgrade under normal circumstances would be massive share price catalysts - just need to clear this seller. Rest assured the richness of the LS3 in CPO5 is no mirage! After the success at Mariposa the game changed from exploration to execution. The intel from both Mariposa and Indico alongside seismic and results from neighbouring blocks explains the intent from ONGC to now move through the gears. One more drill success and it’s self-funding expansion.

We couldn’t be better placed IMMHO.

[swerves1] 21/3/2019 06:48

Lauders - thanks for your time in detailing all this.
Yes it makes anything under 20p look a great buy now, imo!

[lauders] 21/3/2019 01:20

Might be a good time to repeat a post I made at the start of the year:

Lauders - 12 Jan 2019 - 01:11:36 - 15957 of 18267

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!

Since that time we have had the following RNS's (most recent first):

20 Mar 2019 7:00 am Exercise of Right of First Refusal Put-8
06 Mar 2019 7:00 am Reserves Update
04 Feb 2019 7:00 am Spudding of Calao-1X, CPO-5
23 Jan 2019 7:00 am Exercise of Options under Long Term Incentive Plan
22 Jan 2019 7:00 am Amerisur Resources (AMER) Reserves, Operational and Production Update

Something tells me we should be above the 17p level we currently find ourselves at, but at least I had the opportunity to top-up yesterday.

[lucyp00p] 21/3/2019 00:17

Oh, you old cynic, will you be there this year?