Amerisur Resources Share Discussion Threads

[fatgreek] 18/7/2019 15:18

And a 436,000 buy

[fatgreek] 18/7/2019 15:17

Another massive 1.3mill buy just showing up.... some big trades last day or so....

[xxnjr] 18/7/2019 12:50

1m litres is only about 825 tons.
This is all a game being played out by US/Iran.
Neither want war.
But Trump policy means the hardliners in Tehran today have more influence.

[moneylender] 18/7/2019 12:33

Oil tanker seized by Iran, should be good for oil price!

[lucyp00p] 18/7/2019 11:47

Why does anyone bother? Not my business or concern to speculate on other's motivation, simply to provide vision and insight on yet another no news day.

[xxnjr] 18/7/2019 10:31

Makes one wonder why you bother!

[lucyp00p] 18/7/2019 10:15

Nobody likes a slow burn, news deprived, low profit, zero dividend stock run by questionable management when they can chase Hurricane at al up and down on speculative punts.

[bryet] 18/7/2019 09:53

Oil not liked by many at the moment seems to be the in thing if you have spare funds good time to invest none myself otherwise I would be topping up lets hope things turn soon the world can not run without oil what ever people wish for.

[xxnjr] 18/7/2019 08:49

600,000 @ 12p trade 8:24 hrs today

just noticed 2 lates yesterday after close
370,000 @ 12p
1,699,669 @ 12p

[not forgetting the 1,367,692 @ 11.93p yesterday already mentioned]

[xxnjr] 17/7/2019 22:11

Not need to apologise.
Ecuador uploaded data twice today

[yasrub] 17/7/2019 18:47

Apologies a day adrift!

[sji] 17/7/2019 18:34

OBA 4,204 bopd for 16th July

[yasrub] 17/7/2019 17:12

OBA 4343 not too shabby.

[mortgage freeman] 17/7/2019 16:48

Of course it matters. It dictates the price

[knackers] 17/7/2019 16:24

Irrelevant, as there will be someone the other side of the trade. Probably explains the pull-back from the mini price recovery the other week. Ie for the moment we appear to be back to the ‘clearing̵7; discount. Wonder if Sol is being set up to tap both zones - rig will be required for a little longer but would agree with earlier, 2nd rig in CPO5 more Q of when, not if.

[bryet] 17/7/2019 16:03

Buy or sell?.

[xxnjr] 17/7/2019 14:06

1,367,692 trade @ 11.93p earlier today.

[99barracuda] 17/7/2019 13:37

Well it feels like pain to me Bryet, but each to his own I guess!

[bryet] 17/7/2019 12:08

Holding this share is like having your ba*ls squeezed in a vice dont know if its pain or pleasure!.

[xxnjr] 17/7/2019 09:37

2018 Annual Report
".....Prepayments include expenditure of $3.4m in relation to the construction and commissioning of the Chiritza repumping station in Ecuador which is legally owned and managed by Petroamazonas. Amerisur provided the funding for this project in return for a reduced transport tariff for the first 5,000 daily barrels that go through the RODA pipeline until the total investment made is recovered. It is expected that the investment will be recovered in approximately one year. The prepayment is unwound with the payment of transport costs until fully amortised."

Final cost was nearer $3.9m wasn't it, but will be recovered via reduced transport tariff. Implication: further Chiritza upgrades to come if production volumes discovered?

[lucyp00p] 17/7/2019 09:19

Thanks for that, knew I'd seen it somewhere.

[tommygriff] 17/7/2019 08:41

The 10k day was probably day before the AGM or the BoD had ran short on cash for the month.

[xxnjr] 17/7/2019 08:21

Yes fadilz, production more relevant than takeaway capacity, "IF" P < TC. But isn't it a positive that TC is north of 50K, or whatever the number is. [Note to self: must gen up on Chiritza arrangements, must gen up on OBA history]

The 10K OBA day may have been a facilities test. or just a 'make up' day following a low day. (like the recent 1573 day, followed by a 6182 day), noting that the same rns 4 sept says.

"Production

· Total production was 180,843 barrels of oil ("BO") during the Period.

· Average daily production was 5,834 barrels of oil per day ("bopd") during the Period.

· Peak daily production was 6,460 bopd during the Period."

The sept 25 presentation guided 2017 exit production "7,000 plus".
We can see from your numbers (thanks), that Oct 2017 was the highest point.

[fadilz] 17/7/2019 06:53

Hi Davwal, I was referring to average daily, which is more meaningful. Here's the series for OBA

Oct-16 0.1
Nov-16 0.9
Dec-16 2.2
Jan-17 2.7
Feb-17 3.6
Mar-17 4.2
Apr-17 4.7
May-17 4.3
Jun-17 4.2
Jul-17 2.0
Aug-17 5.9
Sep-17 4.1
Oct-17 6.1
Nov-17 5.8
Dec-17 6.0
Jan-18 5.6
Feb-18 5.4
Mar-18 5.5
Apr-18 4.9
May-18 4.1
Jun-18 4.3
Jul-18 3.9
Aug-18 4.1
Sep-18 3.8
Oct-18 2.8
Nov-18 2.6
Dec-18 2.3
Jan-19 2.1
Feb-19 1.9
Mar-19 2.0
Apr-19 3.4
May-19 3.9
Jun-19 4.3