Amerisur Resources Share Discussion Threads

[tyler durden1] 15/4/2019 08:31

Don't rant...vote, and put pressure on any institutions/pensions you hold that have Amerisur.

All the ranting on here means f all to the BoD. But a few good articles in the City about pigs in the trough with institutions complaining does make a difference.

Bring back RH, he was the only hope to stop the excesses

[davwal] 15/4/2019 08:26

I wouldn’t expect bar staff to get on the bar and pee all over the clientele!

[rollthedice] 15/4/2019 08:24

We knew it was coming, big IIs will do nothing so suck it up or sell. Hope now is that the drills start turning and success follows. AMER have got the partners, the licences, base production and money so they'll either turn the corner or not.

[enkeltje28] 15/4/2019 08:15

These awards are forward-looking, not backward. Nothing to do with past performance. Save your rants for 2022.

[kipper62] 15/4/2019 08:11

quidnunc pull up a 5 year chart and imagine how many times we LTH's have had to endure naive 'patience' comments.....'successful and profitable business'?....for whom ???

[squibno1] 15/4/2019 08:08

LTIP for what?

Why not LTIP for acheiving what they said was the aim in 2017?

Remember what they said in April 2017,
"Outlook -
Targeting sustainable net production of 20,000 BOPD by the end of 2019"

[quidnunc] 15/4/2019 08:04

No good blaming them for the market doldrums. They run the business, a successful business and a profitable business.The share price has never to date reflected this and probably will not until some confidence returns to the markets .... which ain't going to happen now until Halloween at the earliest when the world can turn its attention away from the Brexit divorce saga and look at the real drivers of the economy. The market also, for reasons that quite escape me, seems more interested in the development of electric and autonomous vehicles, despite the fact that the rest of the world will be welded to oil for the foreseeable future and buying it too. Rant over, return to watching in the wingsQ

[kipper62] 15/4/2019 07:51

Oh yes that will go down well with the market... a middle finger to LTH's. Look on the bright side, if they do well, cough, cough, we can have some crumbs from the master's table.

[moneylender] 15/4/2019 07:41

I know it will hurt my investment here but I really do hope the institutions left in Amer vote to either remove Giles or pressure him to reverse these options. 18 million options for operational failure is not my idea of fair play. I shall today instruct my broker to vote against GC's re-election.

[apache_dropout] 15/4/2019 07:40

Corrupt scum.

[underhill2] 15/4/2019 07:33

No doubt that puppet Malcy will continue to praise Management for their continual poor share price performance. The quicker we have new Management the better for our future prospects. How can you reward continual poor performance. Target dates for drilling are never met. Hopefully at the AGM some of the private investors will vent their feelings.

[bountyhunter] 15/4/2019 07:32

Let's hope that management are now sufficiently motivated to get the share price back up but these options do seem very generous with targets not exactly onerous given the recent drop.

[avsome1968] 15/4/2019 07:24

Greedy Greedy management not deserved

[underhill2] 15/4/2019 07:22

Could not agree more. They reward themselves for continual poor performance. No wonder Amerisur is not liked by the City. The sooner this company is taken over the better for all us private investors.

[n95] 15/4/2019 07:19

Another 1.5% of the company given away in options, for a disastrous year when we missed every single target going.

[tyler durden1] 14/4/2019 12:10

The latest Chevron deal only confirms the Ponzi nature of shale. Its takeover of Anardarko has to take the $15billion debt on board, and the takeover said to be a $33billion deal and a $65 a share offer, results in just $16.25 of that in cash.

It came after Anardarko missed its 4th quarter expectations (now there's a surprise).

Its 4th quarter earnings dropped 89pc compared to 2017.

Occi is said to be considering revising its offer

The only way shale can pay is through smoke and mirrors and what happens to Anardarko's wells that need plugging? No doubt still dripping on with more and more legacy wells until the game is finally up.

Wasn't too long ago Chevron admitted they never expected to be even cashflow positive until 2020 so they've been cashflow negative for years and years.

"By contrast, Chevron has said its Permian business wont become cash-flow positive until next year while Exxon is targeting 2021. Shale has proven to be an easy way to grow production, but returning cash to shareholders has eluded most operators."

[astorcourt] 14/4/2019 06:46

AMER FORECAST IS FOR 12 DRILLS FOR 2019

[paradores] 13/4/2019 16:36

Certainly don't see 7k bopd average as being remotely onerous and should NOT be the basis of ANY bonus-incentive plan for the BoD or others - given OBA now back to 3-4k bopd (with upside) and CPO5 2.5k bopd (pre appraisals). Conservatively, within 60 days, the 1st appraisal into northern Indico really should get AMER close to that!! Job done, come and get your money...No thanks!

I'd expect targets to be for sustained production (average for a calendar month) at 10k by year end and another 25% increase in 2P. As for exploration activity/drills, the following should be nailed on:

Drill 2nd Indico appraisal
Drill Sol (2nd rig)
Drill Aguila
Drill Pavo
Drill one well from Plat into Put8

No.1 FOR THE AGM: ACCOUNTABILITY & 'SMART' TARGETS


10 drills this year is a nice ambition but as things stand simply lacks any rational credibility. This pretty much sums up the disconnect between BoD and investors - and is something they just don't seem to get. IIs/PIs don't buy promises and ambitions here anymore. They want to see delivery. They want to see realistic targets and delivering against realistic targets. Not a frecking lunar programme!



No.2 FOR THE AGM: AMBITION & PROMISES vs PRACTICAL REALITY & RESULTS


It's bizarre, much of the difficult stuff is sorted; the acreage/licences, infrastructure and farm-ins. All are now in place - so for that matter are market conditions with POO back above $65, even the security situ and political incumbents who fully understand just how important the E&P industry is to current and future domestic economic prosperity.