Amerisur Resources Share Discussion Threads

[spudders] 29/4/2019 08:21

Price could be worked down prior to bid, happened couple of times before to me, hope not this time ave 22p 😩

[avsome1968] 29/4/2019 08:10

wow never thought I would see AMER shares price turn red in my portfolio this is bonkers need some news sharpish are they all asleep.

[rollthedice] 29/4/2019 08:07

Spread now sub 13p (12.6-12.84), not what you want to see...

[mrx001] 28/4/2019 23:03

bigwavedave - you are right this is definitely the wrong share to be in. :0)

[bigwavedave] 28/4/2019 22:06

MrX001 - Firstly, that was not an announcement. It was a news report on an event hosted by AMER for local people. Secondly, and more importantly, if you do not understand why this sort of thing is important for AMER (and Colombia) then you are in the wrong share.

[oldsnrtom] 28/4/2019 21:26

Racey and Kev and David Greece Aim pumper dumpers are in Nuog since Fri £130,000


Nuog goes bust within 4 weeks folks.

Open offer will fail

Undersubscribed

They owe £4,000,000

Ability to only raise £1million

Novum have lost a big investee.

Google it.

Epilson investments.

Get out if you have holdings there!

BT

[moneylender] 28/4/2019 20:56

Guess we are not getting a quarterly production update from the company, really bad form, no wonder we are at 13p.

[acv74] 28/4/2019 19:20

Seems like progress at Plat. With 4k + what we're doing at CPO-5, and further (hopefully successful) drills ahead, maybe we could be 10k by 31/12/19.

[lucyp00p] 28/4/2019 17:49

AGM coming up, LTIP to debate, of course the numbers will rise. Although this isn't really progress, we're not going backwards in any metric other than the share price

[bryet] 28/4/2019 15:54

Only another 3000 to get to what they said would be the norm. Still got to grab every bit of news that comes our way thanks moneylender a step nearer that jam.

[moneylender] 28/4/2019 15:19

Wow we have topped 4000bopd through OBA!

[paradores] 28/4/2019 12:52

That’s yr view 11pc, I’ll stick with mine. Conflict in Libya is only going to worsen and civil unrest as well as disruptive activities of BH in Niger Delta are of real concern - just ref RUSI briefings on both. These are not matters in the gift of western politicians!

[napoleon 14th] 28/4/2019 12:20

paradores - interesting post.

MrX001 - agreed. Leave human rights to lawyers.

AMER directors need to get deliveries to market and paid for, and reward long-suffering shareholders
instead of having their noses in the trough, which they're so good at!

[spudders] 28/4/2019 12:07

11%, 3 months 🤣 try 12 years !! Everything is imminent with AMER 😩

[marnewton] 27/4/2019 17:40

Sorry it's so BIG - I can't reduce the bloody thing!

The yellow line is the 8 day EMA. The minimum I'm looking for to buy are two good closes above that line, dragging it up.

Closing above 13.80p would help.

There's a lot of resistance overhead, not least the gap! But also the 200 day SMA (red/falling - just) and the 50 day SMA (blue/falling).

The simple rule is, price above the rising 8 day EMA, buy/hold - below and falling, sell/don't buy.

In this sort of recovery situation we may get a false initial signal whereby the price falls back below the EMA. Often the second signal, usually only a short time later, is the more reliable of the two. Double bottom?

Having said all that, as things stand at the moment, the downside risk remains greater than near term upside potential.





Log scale

[11_percent] 27/4/2019 14:11

CPO-5

This is the drills I have for CPO-5 for 2019.
Please comment if wrong.

It does not look as if it can be done.

======

01/02/19 Calao-1X - Spud, 01/02/19. Spudding of Calao-1X, CPO-5, rig E-2029. 40-45 days. Rns 26/03/19. Complete, duster.


May/June: Indico-2 appraisal 1

July/August: Pavp Real-1. - Using E-2029 rig. On hold, after Calao duster.

Sept/Oct: Indico-3 appraisal 2
a further two appraisal wells will be drilled within the Indico discovery from the Indico pad, with the objective of building production and refining resources and reserves estimates.

Nov/Dec: Sol-1, drill ready. To be decided, drill this as 5th well, or hire 2nd rig.

2020: Aguila-1

[11_percent] 27/4/2019 13:46

CPO-5.

We used the E-2029 rig to drill the Calao-1X well, which was a duster, and plan to drill Pavo Real-1 well was put on hold.

The 26/03/19 RNS said that a second well would be drilled on Indico.


In the mean time, the E-2029 rig has been sitting on the Indico drill pad doing nothing. Could have been put off-hire, don't know. A second rig is definitely not needed.

================

From the 26/03/19 RNS:
"Amerisur and the Operator are currently integrating the results of this well into the general geophysical model while reviewing the model applied for the well Pavo Real-1. Meanwhile it is planned to drill a further appraisal well within the Indico structure."

Did JW make this up.

[paradores] 27/4/2019 13:21

Indeed Tyler and illustrative of the unsustainability of sub $60 Brent / sub $50 WTI.

I may be contrarian but believe the last peak-cheap-oil was in the contrived speculatively tail spin in 3Q-4Q18.

Right now, alongside mounting supply concerns (Libya, Iran, Iraq, Venezuela, Nigeria), global production infrastructure is also in a pretty shocking state put alongside that dwindling availability of cheap conventional reserves and a global economy which still runs on oil in all its various distillates and essential by products - the exposure on many fronts is a real concern. Near term I fear a supply crunch (triggered by another geopolitical shock) could play out way before the arrival of any viable new fuel technology (not battery!!) that will allow oil production to meet the growing global demand for petrochemicals.

Thing is its not fashionable to talk about the oil industry from an investment perspective. IMHO that is not only short sighted it is dangerously naive and misguided.

Light oil (Plat, Put8, CPO5) will be even more in demand (see IMO 2020 regulations), that is just one perspective of how the transition to cleaner fuel is going to impact the broader industry. But the heavy stuff will still be needed for lube oils and petrochems ind.

Large businesses may run SAP, the world economy still runs on oil...and will continue to do for many decades to come. IMO some IIs are biting the hand that feeds and need to better understand the implications of their actions. Stop investing in oil and there is a real risk you jack-knife the world economy. We’re now starting to see this perhaps not in pipeline dev infrastructure but in downstream refining facilities.

So where am I going with this? Well it may not be this year, maybe not even next but reckon we’re heading towards $100-120 poo range in the MT. Good for oilers, sure, not great for the world economy.

[bigwavedave] 27/4/2019 13:10

Lucy - he should. But maybe he should leave the beard in Colombia where it has been declared a Site of Special Scientific Interest.