Amerisur Resources Share Discussion Threads

[danieldruff2] 26/8/2019 12:54

I've seen plenty of bid situations which are wrapped up on a results day.

[tyler durden1] 26/8/2019 11:47

Still no news about drilling or anything operational or how much oil going through OBA is ours.

The FSP should not be used as an excuse to cease informing shareholders of price sensitive information

[quidnunc] 25/8/2019 17:01

China says it will stop importing US oil in retaliation for Trumps tariffs. I wonder where else on the Pacific rim they might source some? Could the Oleoducto keep up? It has spare supply capacity but not so sure about spare parts and maintenance else why do the monthly numbers fluctuate so much?Q

[treasure] 23/8/2019 16:14

TT, where you read that news from. Cheers

[davwal] 23/8/2019 10:28

They should get a good price for the rig. ‘Pre-owned oil rig for sale, little used by current owner and been in storage for months...’

[foiledagain] 22/8/2019 21:32

Act

Some should pay less attention to what a ceo says and more attention to the accounts but I do agree the subject has been overdone here of late.

How many ceos would say they’ve bought into producing unprofitable oil? Yet the accounts tell that in the vast majority of cases. Big oil even tries to fog figures now by not breaking down oil revues by sectot

[quidnunc] 22/8/2019 20:40

Yes the drilling program continues to be nebulous. Wasn't there a 14 well program that should have translated into 1 well per month? Which seems to have scaled back into a duster and some fluster currently. And the rigs? Where are they? Growing psychedelic vines I think while the engineers peer at the water cut and the peons cut the marching powder Q

[acv74] 22/8/2019 20:18

Pps I just can't see GC and JW letting us go for anything other than a good price

[acv74] 22/8/2019 20:15

Ps the discussion over shale is soooooooo boring. I respect the likes of foiledagain again Taylor but really do they know more than the CEO's of multi national oil companies who are bang in to shale?

[acv74] 22/8/2019 20:12

My SDX purchase at 18p is looking healthy. My VOG purchases less so. I've been topping up AMER, I have more shares than I've ever had before. If we don't sell we will do extremely well long term.If we do sell I will do slightly less well short term.Either way I'm happy.

[fadilz] 22/8/2019 18:07

and to add it is very variable day to day, which makes me think OBA is now taking tankers (at ~150b each). Disappointed though that Plat output is not higher - what happened with Plat-26, and 22?

[sji] 22/8/2019 17:02

Little consolation - our OBA output has been over 4k for last 9 days in a row! Average daily output for August is now 3,619 bopd, still lower than June's and July's but hopefully, we will get closer to a 4k average if we can sustain a high output for the last 10 days of August.

[charlieeee] 22/8/2019 16:22

R & M have no control over the situation: if funds are withdrawn, then they have to liquidate stock to cover those cash withdrawals.

[foiledagain] 22/8/2019 15:38

Isn’t it confidential process? So de we know who is involved in current Amerisur FSP?

I’d be happy if they didn’t sell but it would bring a difficult situation to BoD who would look decidedly inept in view of their comments to shareholders and comments about seriously undervaluing Amerisur?

I think they will need to pull a significant rabbit out of the hat whatever happens especially as R&M selling after BOD advice was ignored demonstrating lack of confidence in the BOD

[charlieeee] 22/8/2019 14:33

Relevant to AMER

Geopark HI: EBITDA $190 million, of which $98.2 million re Q2.

Mostly due to LL34 and Colombia (the rest of their assets produce little).

They also went through a strategic review: to examine selling off producing assets and then refocus on exploration opportunities.

Currently, the absence of decent opportunities meant that part of their conclusion was to do share buy backs and grab a few blocks in the recent round (with their partner).

Difficult to see why they would not participate in the current process: very similar to GTE, but they have already established a much greater critical mass.

[juuunx2] 22/8/2019 12:10

True words spoken we seem to constantly go round in circles. If it isn't Rex then it's shale if it isn't shale then it's Rex it's cking boring and pointless

[aceuk] 22/8/2019 11:45

The economics of shale may be related to oil but are only a small part of the story - you guys seen the price of natural gas? For an awful long time $3 plus plus/therm and now around $2.20. That to me suggests a lot of the waffle here about the uneconomic Permian is just that, WAFFLE.

[foiledagain] 22/8/2019 11:36

My views on shale and AMER have been given before but I must say that comments about new techniques etc reducing costs are wide of the mark and can never match costs of a coventional well whether vertical or deviated.

To suggest otherwise demonstrates complete ignorance of oil and gas exploration and production.

The constant repetition about both shale and take out price for Amerisur will make no difference to how I vote in any offer to buy if it’s any of the predicted prices rolled out on the bb whether 24, 25, 34 or 38p as none meet any offer I would consider credible.

For all into shale or not then a new bb might be an idea.

[dan de lion] 22/8/2019 10:39

The underlaying assertion of the shale decriers is that it will eventually fall of a cliff, the price of oil would then shoot up benefiting the conventional producers, of which AMER is one. unfortunately the shale people keep coming up with the goods and show no sign of slowing down, new and cheaper techniques are making them more efficient, plus as with conventional oil, new areas are there to be found and exploited.

[sji] 22/8/2019 10:32

The continued dismal performance of AMER share price may be related to yesterday's news that M&P concluded a deal they started last October to acquire 2 blocks in Angola for $35m CASH. Given their size (not that much greater than AMER), I wonder how much cash they can afford to offer us a good, totally CASH offer!

But so long as our BOD told us to stick with them, I have my mind at rest (sic)!

[underhill2] 22/8/2019 10:12

Not at all interested in shale production and cant understand why this topic is so important to some posters on this board. Im only interested in Amerisur.