Amerisur Resources Share Discussion Threads

[oilandgas1] 19/7/2019 12:10

This is what we have been waiting for .. anything over 35p would be great and we get rid of the poor management and missed targets year in year out.

Any news in the recent drills and new prod coming? It would be nice to get Prod up to 7k+ to strengthen the sale of amer.

[fatgreek] 19/7/2019 12:09

Bid creeping up again

[paradores] 19/7/2019 12:08

Not remotely surprised - it had to come sooner or later.

ONGC know what's in CPO5...so do AMER
OXY know the potential in Puts...so do AMER
AMER have a strategic asset in the OBA
etc etc

Reckon the OBA is worth 10p.

Who knows where this will end up but fair value is way above the current share price If multiple parties involved; OXY, Geopark, ONGC etc then expect plenty more upside from these bombed out levels.

Bottom line - even if the Board choose to rject the final offer, we now know the real story. There is clear valuation upside to the company's assets and portfolio way, way above a 12p SP!!

[charlieeee] 19/7/2019 12:08

RH did sell right down: per Morning Star at some point to just a fraction of 1%.

He did us all much collateral damage and had minor impact on those he intended to attack: a Pyrrhic victory, it would now appear.

[raweden] 19/7/2019 12:06

It won’t get sold for £200m that’s for sure. More likely double that.

[fatgreek] 19/7/2019 12:05

And we're still waiting on news from Sol

[moneylender] 19/7/2019 12:04

RH made more profit out of Amer than you and I together!

[cudmore] 19/7/2019 11:59

20p by close here. The weekend financial spreads will no doubt see more interest on Monday.

[fatgreek] 19/7/2019 11:58

"Amerisur said the review has been initiated after interest in the company and its assets from peers, " peers being plural

[haideralifool] 19/7/2019 11:57

There's a proposal for the company as a whole and also 'other indicative proposals'.

Are the latter proposals being made by the same company that is looking at the company as a whole or different parties?

[fatgreek] 19/7/2019 11:55

Looks like a potential bidding war on the horizon with "multiple parties" interested.....

[sabre6] 19/7/2019 11:53

Has anyone mentioned the other company Ironveld also up for sale I wonder what GC will do with all the money once both sales are completed?
Also must say Ironveld also very undervalued IMO.

[fatgreek] 19/7/2019 11:52

The company confirms that, at the time of this announcement, it has received a non-binding proposal regarding a potential sale of the company and various other indicative proposals regarding the sale of certain assets of the company," said Amerisur.Amerisur has appointed BMO Capital Markets as its financial adviser, with Stifel Nicolaus Europe Ltd to also work with the company in the process.Amerisur's main assets are in the Putumayo basin of Colombia, and it also has an oil pipeline into Ecuador. The firm's 12 blocks cover over 1.0 million hectares of land.In 2018, it produced an average of 5,356 barrels of oil per day, helping it post a 28% year-on-year rise in revenue to USD108.2 million. Pretax profit surged to USD8.4 million from USD350,000, and the company has signalled plans to pay dividends in the future.

[fatgreek] 19/7/2019 11:51

Amerisur Resources, up 23%. The oil and gas producer has started a review of the company, including a potential sale, with some interest already received. Amerisur, with a market capitalisation of GBP170.2 million, was worth more than four times that. Amerisur said the review has been initiated after interest in the company and its assets from peers, as well as the "high level" of activity in the Colombian oil and gas sector. "The company confirms that, at the time of this announcement, it has received a non-binding proposal regarding a potential sale of the company and various other indicative proposals regarding the sale of certain assets of the company," said Amerisur.

[fatgreek] 19/7/2019 11:50

Amerisur Resources (AMER), the AIM listed Colombian oil and gas operator said on Friday that it had "received a non-binding proposal regarding a potential sale of the Company".It told investors that it also received indicative proposals over the sale of certain assets owned by Amerisur.The company appointed BMO Capital as independent financial adviser, and Stifel Nicolaus Europe Limited as joint financial advisor.Amerisur said: "In light of the high level of recent activity in the Colombian E&P sector, it has decided to conduct a formal review of the various strategic options available to the Company to maximise value for shareholders."Shares in Amerisur rallied over 37% to 16.6p following the announcement.Some of the strategic options outlined by the company included a potential takeover, merger, farm-out, or sale of certain assets.The company has acreage in the Colombian Putumayo basin close to the border of Ecuador, partnered with U.S.-based Occidental Petroleum Corp.

[juuunx2] 19/7/2019 11:49

You can still add

[bigbas] 19/7/2019 11:46

....and of course - this news was not leaked yesterday - explains all those big buys !!

[kirk2] 19/7/2019 11:45

mms are trying to keep an orderly market when the yanks join the party they will not be able to hold this back, real shame I want more.

[charlieeee] 19/7/2019 11:40

Well Michinoko's last 3% (taken off another major shareholder) was at 25p so they will not be happy at less than that and they do, at 11% have a large stake and large say in the matter.

Any IIs still holding placing shares are also in at 25p and that was back in March 2016.

It probably sets the minimum at which any offer could start.

The market timing is good, but it would have been better if ONGC had made more progress in CPO-5.

OXY the obvious favorite: not sure if GTE have deep enough pockets and sale of the whole of the company's shares is preferable (tax down to individual's position) to sale of the parts (which is then subject to company taxation).

[fatgreek] 19/7/2019 11:39

Perfect timing Friday weekend press will get more people aware, same whoosh again Monday imo