Amerisur Resources Share Discussion Threads

[tonyrelaxes] 09/5/2019 12:24

DON'T PUT IT OFF ...

Those with paper Share Certificates - unless attending in person (with photo ID!) ensure you vote on-line before 9.30am tomorrow morning.

www.signalshares.com

You will need your Investor Code (on the top of the Certificate) to Register then vote.

JUST DO IT - NOW !

[fsawatcher] 09/5/2019 12:07

get danny baker in the agm

he liven it up

he funkey abouts!

[tsmith2] 09/5/2019 11:58

Anyone any ideas how long it's expected to last?

[tsmith2] 09/5/2019 11:58

More keen to get the photo ID requirement out to shareholders than the quarterlies!

[marnewton] 09/5/2019 11:21

Haha! Photo ID!!

One contributor to these boards, so incensed was he with 'the board', used a photo of the Grim Reaper to gain access to an AGM - I can't remember which company - he didn't get in!

M

[knackers] 09/5/2019 11:10

Given what’s coming... I think it’s fair to say AMER’s new head of Comms has his work cut out!!
The management team have successfully painted themselves into a corner - upshot they can look fwd to facing some fairly intense ‘heat’ one and all. It’ll be an uncomfortable next couple of weeks.

I think the best they can hope for will be a sobering, “Buck-up, or you’ll be binned!” As for the worse...? Ans on a PC!

Tony - agree. Simply put (oh dear..) progress has been woefully inadequate and remuneration eye-wateringly excessive. The management team have now run out of road. Given the sheer size and quality of the portfolio, the lack of progress on their own blocks in recent years, is difficult to comprehend.

[moneylender] 09/5/2019 11:06

RNS.

Attendees have to provide a letter and photo ID to attend the AGM.

Making life difficult to be part of this meeting!!!!

[tonyrelaxes] 09/5/2019 11:02

A though about AMER's corporate communications.

The Website's home page photo slide show includes a charming photo of pupils - presumably at the school building we funded.

Since I first saw this, their missing milk teeth had ample time to be replaced secondary teeth and probably by now their own children are studying there!

Not for nothing, all those years ago, did 'the team' chose a snail shell as the corporate logo.

[bryet] 09/5/2019 10:29

The sooner the better!.

[lucyp00p] 09/5/2019 10:05

JW wouldn't work for Rex, and without him, there would be no point in buying the company. He's an asset stripper, but any bidding war would see Oxy take us out.

[davwal] 09/5/2019 10:01

I seem to recall there being director and a recently appointed manager with specific responsibility for communications. I wonder what they do all day..?

[tyler durden1] 09/5/2019 09:04

if rh was in spat with Amerisur which was suggested he might get last laugh.

Selling suppressed share price and still is but Giles & co might have thought they had stuck it out only to have the press article galvanising vote against.

Rex never one to give up and might get last laugh

[lucyp00p] 09/5/2019 08:04

They don't get it I'm afraid. Every day this report is delayed, erodes the already shabby credibility of the board. Trust in the "fairway" has collapsed due to the daft sidetrack failure and no further developments of the 10 drill project, and no news. Of course the data is available elsewhere regarding production, but failing to meet your own reporting timetable destroys trust and demonstrates contempt for pretty much every investor. Charitably, we expect the AGM is the reason better news is being held back, but this is nothing compared to the destruction of value by the delays. If JW thought 17p was a fair or good price for his last purchase, the share buy back at sub 13p is a no brainer. There is no reason why this has been delayed other than continued incompetence.

[chopper harris1] 09/5/2019 07:25

Yes, they do themselves no favour at all with this type of inconsistency in communications. Isn't there a female member of the BOD (I assume on a reasonable salary) who was recruited to improve on this shambles?

[the drewster] 09/5/2019 07:00

As the board moved to quarterly production updates, shouldn't we hve had one?
The last official one was late Jan for Q4, but other than the single line in the official results quoting 4600 BOPD (down from the average 5356 for the whole of 2018) we are in the dark.
We're told workovers added 820 (gross I think) BOPD but there still needs to be significantly improved transparency for the board to earn a little trust.

[tsmith2] 08/5/2019 15:34

Interesting comment re: Oxy

[davwal] 08/5/2019 15:22

Yes, I think I'd prefer our 'profit centre's to be pumping 2000 extra barrels plus of our own, as was the original grand plan (Not so long ago). It's a bit like the recent duster that offered the 'bonus' of being somewhere to dump water. Mind you, at least they haven't yet converted the oil pipe to a water pipe...

[thetoonarmy2] 08/5/2019 14:53

From Malcy ! Not that he means anything.

Amerisur Resources
Due to delays in announcements yesterday from the LSE a couple of news items nearly slipped under the bridge, two here to catch up on. Amerisur announced that it had received 3rd party transportation approvals for the OBA pipeline that give potential for ‘material revenue generating opportunities’. By H2 2019 the company plan to be shipping volumes of around 2,000 b/d and having already achieved significant cost savings the OBA is now a profit centre as was always planned. It is worth noting that CEO John Wardle specifically mentioned that this was a ‘significant factor’ in sealing the Occidental farm-in and also a major step forward in the profile of the Putumayo Basin. All in all more good news as AMER secure another source of revenue in the region.

[chinese_takeaway] 07/5/2019 18:11

https://twitter.com/GoodnightCharl1/status/1125792575493943296?s=19

[lucyp00p] 07/5/2019 18:04

As I said before, JW should not be in the CEO role. His outlook is super optimistic by default, that's in the nature of his job. There is no one to apply a reality filter between his glass 100% full perspective, and reality. For sure he is Johnny on the spot, but that's not what a CEO should be doing.

[davwal] 07/5/2019 17:19

TD it’s the Chairman’s job to keep the CEO’s behaviour/performance in check.

[quidnunc] 07/5/2019 16:51

TD, I think the general view is quite the opposite. The benefit of having JW is that he knows the area and the country and has successfully negotiated a minefield of difficulties including the geology and the locals, plus farc and the drug barons as well as local and national government interests within the country and then there's the cross border OBA stuff.
The negative is that many investors and institutions view this over-reliance on one person, especially in bandit country as a risky strategy. The director appointed to spread some of this risk sadly died in a skiing accident recently, an event which highlights the vulnerability of the current setup.
If JW were voted off, who could or would fill his shoes?
Q

[foiledagain] 07/5/2019 16:39

No never, not on AIM (tic)

[tsmith2] 07/5/2019 16:07

share price being manipulated imo

[the drewster] 07/5/2019 15:32

Nobody voting against re-electing JW? He's certainly been guilty of over promising.