Amerisur Resources Share Discussion Threads

[moneylender] 09/4/2019 07:50

Debenhams looking to fail today!

[davwal] 09/4/2019 07:48

More positives than negatives at first sight.

[fadilz] 09/4/2019 07:48

10 wells in 2019, which means 1 well per month from now - not holding my breath on that. Put-8 now H2, Coendu delayed to Q4. However, with all of that the potential remains. Should be an exciting year.

[tsmith2] 09/4/2019 07:46

*do the half wits act in concert hoping that they may amount to a full shilling...?

[fsawatcher] 09/4/2019 07:41

i like this results

i fink some here wanted to see lower cash oile ha ha ha ahaba

you aint gettin a placin you creepy black van drivers

[tsmith2] 09/4/2019 07:39

do the half wits acting in concert in that hope that may amount to a full shilling...?

[tsmith2] 09/4/2019 07:38

The shares are currently trading close our proved reserves Core NAV, i.e. attributing no value either to probable reserves at Platanillo or the exploration portfolio. Recent workovers have been successful at Platanillo at the field is currently producing close to the top end of the guided 3-4 kb/d range; in addition the Indico-1X well is back up producing at 5.0 kb/d gross, having been shut in during Q1 for drilling of the Calao well.As I said - current share price is just silly!

[n95] 09/4/2019 07:38

Cash at hand is a big disappointment to me.

[avsome1968] 09/4/2019 07:36

Well not glowing results didn't expect much more to be honest they need to get this dispute with the locals sorted ASP can see this dragging on and on, also nothing on 2nd 3rd rig.

[bountyhunter] 09/4/2019 07:36

Do you have a link for that?

[moneylender] 09/4/2019 07:35

Stifel comments

FYI -
Detail on a broadly in-line set of numbers: FY18A production pre-released at 5.4 kb/d; Revenue $108M vs BBG consensus $117M; EBITDA $34M vs cons $37M; cash $43M vs cons $44M. The revenue miss is on the timing of sales vs movements in Brent in the year. A $13M working capital outflow and $3M cash taxes led to $18M net cash generated from operations. The company will host a call at 1430 UK time.

Trading close to Core NAV: See Figure 1. The shares are currently trading close our proved reserves Core NAV, i.e. attributing no value either to probable reserves at Platanillo or the exploration portfolio. Recent workovers have been successful at Platanillo at the field is currently producing close to the top end of the guided 3-4 kb/d range; in addition the Indico-1X well is back up producing at 5.0 kb/d gross, having been shut in during Q1 for drilling of the Calao well.

[bountyhunter] 09/4/2019 07:35

We know you think that, are you shorting?

[moneylender] 09/4/2019 07:34

I think the market will mark this down, being realistic.

[juuunx2] 09/4/2019 07:33

It looks ok but it's always jam tomorrow I wouldn't mind a bit now :-)

[lucyp00p] 09/4/2019 07:32

Forex swing -$4mm, tax swing -$18mm year on year. What's the tax rate in Colombia 80%??

[bountyhunter] 09/4/2019 07:31

At the year end, the Group's cash position (inclusive of restricted cash deposits) was $44.1m (2017: $41.3m).

Outlook

- Fully-funded work programme of around $35m, with up to ten exploration and development wells planned across CPO-5 and the Putumayo targeting gross prospective resources of 145 MMBO

- Wholly owned OBA offers further growth potential with the export of third-party crude expected to begin in the coming months

[stevemace] 09/4/2019 07:29

they were holding a lot of production in december as stock - hence will turn into cash in the new year

[laptop15] 09/4/2019 07:29

https://twitter.com/laptop1515/status/1115501740986654721?s=19

[tsmith2] 09/4/2019 07:28

someone peeps would be well served reading the cashflow statement. For example we had $5.5 of oil AT COST increase in stock which has been well documented and paid off handsomely.Company is in rude health

[moneylender] 09/4/2019 07:27

juunx that was my first impression, only 3M up from last year. The figures include "*Includes restricted cash", had a quick scan and cant find what that relates to, any ideas anyone?

[rollthedice] 09/4/2019 07:26

Not as bad as I expected to be honest, cash actually rose slightly (I was expecting a fall with capex, lower production & higher maintenance at Platanillo). Small profit after tax but equivalent 2017 figure was inflated by a tax refund. Higher lifting costs & expenses but transport costs remain low with OBA & sales direct from CPO-5.

Not much to excite the market either direction imho.

[bountyhunter] 09/4/2019 07:20

Improvements all round, a good set of results with an excellent outlook.

[moneylender] 09/4/2019 07:14

Cash position up only $3M. While it remains Amerisur's aim to pay a dividend once sustainable production is being delivered from multiple fields, the Board is not recommending a dividend for the year ended 31 December 2018.

Puts that one to bed!