Amerisur Resources Share Discussion Threads

[rollthedice] 29/7/2019 07:31

Indico-2 soon to be drilled which should, if as good as Indico-1, increase production and value of licence nicely.

[philjeans] 29/7/2019 07:28

All fine - steady as she goes.

Exciting times to come!

[sji] 29/7/2019 07:27

No mention of third-party oil through OBA either!

These kind of uninspiring updates justify our persistent depressed share price and reduce further the possibility of a really high (30p+) takeout price for us unfortunately!

[rollthedice] 29/7/2019 07:21

Sol-1 a bit disappointing but hopefully will recover costs over time. Ytd production also a bit disappointing but reflects some loss of production at both producing licences for sidetracks & workovers (Platanillo) and well being drilled from same pad (Calao/Indico - CPO-5).

As this was an operations update unsurprisingly there was no corporate update

[bibdaddy] 29/7/2019 07:09

YTD production 5500 bopd.
SOL-1 253 bopd 'modest discovery'
Focus on Indico 2 where it could transform the field!
YE projections 5k - 6k bopd.
No mention of bids

[moneylender] 29/7/2019 07:04

-- High impact Indico-2 appraisal well next on Block CPO-5, following Sol discovery
CPO-5 (WI 30%): Sol-1 Exploration Well Update

Testing operations on the Sol-1 exploration well are complete. As previously announced, the well was drilled to a final depth of 9,986ft. Following initial analysis, 26.5ft net oil pay in the top of the LS3 sands and 10.5ft net oil pay in the LS1 sands of the Une formation were identified, based on logging and MDT samples.

An interval of 9 feet in the LS3 sands was perforated to perform a short-term test (STT). The well was initially tested under natural flow then closed and completed with an electrical submersible pump producing at a rate of 253 BOPD of 38.9 API oil with a water cut of 5%.

[xxnjr] 29/7/2019 07:02

Ops Update - nothing very exciting.

[newtothisgame3] 29/7/2019 06:02

#AMER Who’s trading? Citywire AAA-rated James Baker

The trade: The head of growth stocks at Chelverton opened up a near 2% position in Colombian oil prospector Amerisur, buying 1.9% of shares worth just over £4 million at a share price of 17p.

[fatgreek] 28/7/2019 21:34

ONGC know what CPO5 is about it's pumping oil like a trooper and OXY went into the farm in with such commitment they are aware of what the potential down there beneath the ground is.These two big boys alone will be eager beavers to have it all for themselves..... All we need is a bit of ego and a mysterious third party to join the bidding.I don't buy it when others say the SP's recent form determines the final sale in this instance, the neighbourhood we own acreage, the stability, the success rates, the potential millions of barrels of oil, etc. We are in the prime location and as they say, it's location, location, location. We also have the infrastructure not many other oilers have OBA pipelines like us. My view? ONGC buy CPO5 and OXY the rest..... CPO5 will be a bidding war between ONGC and OXY.All in my opinion. Good luck all

[moneylender] 28/7/2019 20:16

Brief mention in Sharetalk today as well.




Amerisur Resources (AMER) received a takeover bid worth 17p per share from Maurel & Prom (MAU: Paris). The offer was immediately rejected by the AMER board of directors. Trading at 17.5p, a higher offer would appear to be expected.

[bountyhunter] 28/7/2019 20:07

The bottom line is that I can't see both OXY and ONGC just sitting back and running the risk of this going to M&P for a marginally higher offer than 17p.

[lucyp00p] 28/7/2019 19:42

Forgive me, but is that how you think this works? Anybody can acquire a controlling interest in any publicly traded company (unencumbered by the golden share or other clever device) at the right price. An invitation to participate is unnecessary, however it would be no surprise to discover some kind of gentleman's agreement between us and our recent partners OXY and ONGC. Any such agreement, unless incredibly restrictive, would be shredded once a serious bid was tabled, however the opportunist punt before the board cannot be considered to be serious. I'm imagining the call between JW and his French multi billion dollar company counterpart - along the lines of "we want ONGC or OXY to get serious, so please make us a low ball offer just to get things started. Any price above the latest option exercise price should be sufficient to get us moving. Oh and don't worry about the few million you'll need to stump up to make it seem like you're serious, you know we're good to cover your costs, - we just bung them in the slush fund we call forex losses." Sounds plausible

[thetoonarmy2] 28/7/2019 18:06

Charliee. That was exactly what I was thinking some gets M&P to start the ball rolling as a stalking horse and any serious punter gets to see who else may show there hands.

[lucyp00p] 28/7/2019 14:20

Well 2 out of 14 ain't bad. Why use a scalpel when a shotgun will do.

[big7ime] 28/7/2019 13:49

Maurer et Prom now have 4.82%

[rich2006] 28/7/2019 12:28

There is in my view lots of reasons for the share price performance over the last few years.
Directors over promising then under delivering.
Allotment of share options fiasco
Lack of real progress on the ground, localised social issues etc
Climate change and its affect on market sentiment
Norwegian fund selling down oil/gas holdings etc
Pension funds and other funds being forced into selling unethical investments.
Climate change is in vogue at the moment
Unrealistic talk of EV’s taking over the world etc
Peak oil demand theories
Brexit, Rexit and other ii’s selling
Economy slow down and worries about over production keeping oil prices low.

Oil and gas are dirty words at the moment as they are blamed for killing the planet
The US ponzi fracking scheme is keeping oil prices artificially low
Who would want to invest in oil and gas at the moment as general sentiment is shot to pieces.

Amerisur is lumped in with all the other oil/gas companies that have never returned a penny to share holders. Hopefully this will change.
GLA

[fatgreek] 28/7/2019 12:09

One bid rejected others talking to GC knowing that bid got rejected and at what price. Next bid will have to be higher? OXY in the mix...ex BP, rumours starting to flow.....looking good...No smoke without fire..

[acv74] 28/7/2019 11:03

Love that story, a bit of press never hurts. Maybe things will hot up a bit this week.

[pauliewonder] 28/7/2019 09:47

Things hotting up. Be good to get an update but exciting times. Shouldn't be in the teens for much longer

[davwal] 28/7/2019 09:44

Got a feeling that Tony Hayward and Co will feature in the dance moves to come in the weeks ahead. They would want a bargain so I also hope at least one of the big boys is seriously interested.

[nigelpm] 28/7/2019 09:40

And still trading at 17p. Odd really.

[bigwavedave] 28/7/2019 09:35

Mail on Sunday:
Howzat! Clarke waits on £200m Amerisur price rise.
By Jamie Nimmo
THE England cricket team’s World Cup success will no doubt have cheered Giles Clarke, the chairman of AIM-listed Colombian oil firm Amerisur Resources.

As the former chairman of the England and Wales Cricket Board, Clarke will have savoured the dramatic victory at Lord’s – most probably with a glass of something expensive (he is something of a wine connoisseur, having built up Majestic Wine). But there are no champagne corks popping yet at Amerisur, which last week put itself up for sale after a year that has seen its share price dive. It has already rejected a £200million approach from French firm Maurel & Prom and claims to have had ‘a number of conversations’ since hoisting the for sale sign.

Rumoured bidders include US firm Occidental Petroleum, which is already Amerisur’s partner on several exploration licences. But City sources tell me that at least two private equity firms have expressed an interest.

No word yet on whether that includes Carlyle, the private equity outfit which has teamed up with ex-BP boss Tony Hayward to hunt for assets in Colombia.