Amerisur Resources Share Discussion Threads

[tyler durden1] 08/4/2019 08:37

nothing collapsing

this is bed and isa transactions for new tax year

[99barracuda] 08/4/2019 08:34

Thanks for that Ken, I’ll sell immediately

[ken chung] 08/4/2019 08:25

Share price now in the last death spiral.

[ken chung] 08/4/2019 08:24

Collapsing now.

[davwal] 07/4/2019 18:10

Worth reiterating that Amer has recommended to ONGC V that the drilling of Indico-2 takes precident while Pavo Real-1X is re-evaluated. The operator has not confirmed that course of action as yet, assuming Amer are keeping us posted on developments - not their strongest point.

[sji] 07/4/2019 09:50

Charlieeee - thanks!

So, hopefully, number of drilled wells will still be as predicted.

Pavo Real-1 & Miraparriba-1 - delayed
Indico appraisal 1 - brought forward
Platinillo 26 - new well

[charlieeee] 07/4/2019 09:39

sji

Platinillo 26 is a new well, not in the Feb presentation capex.

On your point 4, the "deal" was set out in the original agreement, so a cash deal and all that holds up proceedings is the ANH approval: it is that, which will be the determining factor in how long this takes.

"Following notification by Vetra Exploración y Producción Colombia SAS of the proposed sale of its 50% working interest in block Put-8, Amerisur is pleased to report that it has exercised its right of first refusal to acquire that working interest, as per the terms set forth in the existing Joint Operating Agreement between Amerisur and Vetra.

Following approval by the Colombian National Hydrocarbons Agency (ANH) the Company will hold 100% working interest and operatorship in Put-8."

[sji] 07/4/2019 09:00

Some clarifications on the 26th March RNS would be appreciated:

1) Following the unsuccessful drill of Calao-1X exploration well, the well Pavo Real-1 has now been delayed, right?

2) Indico appraisal 1 well will be drilled next (Q2) instead?

3) RNS also mentions the drilling of a new infill well, Platanillo-26, following the Platanillo-7 workover. Am I right in saying that this is a totally new well which was not accounted for before? The Investors Presentation February 2019 mentions Platanillo fields enhancements worth $0.9m. This cost will not include the cost of a new infill well (Plat-26) right? Will this well be drilled in Q2?

4) In Q2, Vetra, previous operator of Miraparriba-1, had to start the drilling of this new well. Since AMER is now in the process of acquiring Vetra's 50% share in this well to become 100% owner and operator, is it likely that this well will also be postponed until purchase deal is concluded? If so, how long do such deals normally take to finalize - 3, 6 months?

Thanks in advance for your contributions.

[davwal] 06/4/2019 16:20

I need to be careful, I almost understood that...

[fsawatcher] 06/4/2019 11:57

any ideas how long the completion and perforation at Plat2 would be expected to take?

if it flow good they tell ya pronto like a bank that you gone overdrawn and owe loads of money

if it not work and flow rate ppny then you get told like a bank that owe you money but yous gotta go thru ppi claim company to gt back innit

[tsmith2] 06/4/2019 11:00

any ideas how long the completion and perforation at Plat2 would be expected to take?

[dodge meister] 06/4/2019 09:48

Government has stop taking at the well head

[fsawatcher] 06/4/2019 09:44

read the effin rns dingwottagotta ltta notta

plat workover adds 650barrels innit

it now doin 2800 when it woz doin 2150

[kipper62] 06/4/2019 09:15

Why the sudden jump for three days through the OBA hxxp://www.controlhidrocarburos.gob.ec/wp-content/uploads/2019/04/PROD-DIARIA-FISCALIZADA-05-ABR-2019.pdf

[jp2011] 06/4/2019 06:47

There's 2600 people in the SW and not much oil. The Coendu structure is North of the Buenavista and could be drilled from Put-9 so Siona spirits won't be disturbed. The Colombian government makes the final decisions and they're the ones creating obligations for seismics and drilling.

[lucyp00p] 05/4/2019 19:08

Brent up, we are down but I'm happy to blame April 5th for that.

[thevaluehunter] 05/4/2019 18:28

Storage turned out to be a pretty decent decision at c$55 back in Dec.

[paradores] 05/4/2019 17:19

Consultation has been concluded with groups to the N and E of Put12, but by the sounds of it not with the Siona in the SW who appear to have excluded themselves. If they remain unsupportive they’ll either need the Govt to mediate/decide or work round them, as prospects look to be in the more northern part of the Put12 block.

Couldn’t give a monkey’s for last years results. Strong POO through the year will help but Dec storage will take the shine off. Think we all know what matters now.

Crack on with those Indico Appraisals get another rig in for Sol and Aguila.
Crack on with the remaining Plantanillo workovers which now seem to be delivering v nicely
Crack on with Put8 maraparriba spud
Crack on with OBA deal
Crack on with civils in Put12
Etc etc

[marnewton] 05/4/2019 17:03

Sorry. I really don't like the look of this.

The results will have to be stellar.

M

[underhill2] 05/4/2019 16:42

I wont be adding more Amerisur in my ISA on Monday.I will keep my current holding. Progress is just so slow here. Our bopd just never seems to increase every year. I dont expect the results next week to ignite the share price. More than ever this is a long term hold

[tyler durden1] 05/4/2019 16:37

You can see why its not popular

Pipeline imminent then a bottleneck no one apparently knew about

Even Put-12 where timescales about drilling looking decidedly shaky if the Guardian Article is anything to go by, where Amer state consultation has taken place, but where Amerisur have stopped all work on put 12? So how they going to drill.

Colombia changed rules recently though, so any real problems with an existing lease they can award another lease, athough expect Colombian government to have final decision on Put-12

[juuunx2] 05/4/2019 16:27

I'm not holding out too much hope I've been doing it too long.

[underhill2] 05/4/2019 16:19

I think you are right ! Not a popular share in the City. Looks like the share price is going in only one direction - Down !At present any takeover is looking most unlikely. We may have good drilling prospects ahead but we are not for a number of reasons increasing our bopd

[bryet] 05/4/2019 15:57

Sometimes I think I must be nuts to keep my money in this.

[rollthedice] 05/4/2019 15:49

..or PIs bailing before results next week which may disappoint. I'll be pleasantly surprised if cash levels haven't fallen significantly which I know runs against commonly expressed view that AMER have been piling up free cash at current poo.