Amerisur Resources Share Discussion Threads

[dgarvey] 20/9/2019 08:18

You can if the production characteristic and water cut is better than predicted, indicating the OIP is higher than originally thought.

[kaos3] 20/9/2019 08:01

BOD is trying very hard to manage ....

[11_percent] 20/9/2019 07:56

…..SCAM....

[rollthedice] 20/9/2019 07:43

"You can’t produce 6k per day and increase reserves at the same time without doing some drilling"

Obviously not but 2P drops 3.79MMBO or 3x 1.2MMBO produced and IP by 2.78MMBO again a multiple of ytd production.

[bountyhunter] 20/9/2019 07:40

Roll on Indico-2

[rollthedice] 20/9/2019 07:40

Platanillo production ytd is c3680 barrels pd (780000 ytd)... how does this compare to OBA figures, is it possible to calculate rough volume of (any) 3rd party oil transported? Has anyone been keeping tabs on OBA volumes ytd?

[tommygriff] 20/9/2019 07:40

You can't produce 6k per day and increase reserves at the same time without doing some drilling

[bountyhunter] 20/9/2019 07:39

"We have had feedback from participants in the FSP that they value the new independent assessment from McDaniel. The report highlights the near-term value of the Company's CPO-5 asset."

The other key point for me is that Indico-2 should take 30 days, although it's still anyone's guess when in H2 it will be spudded!

[rollthedice] 20/9/2019 07:30

Question is why are they pleased?!

@31Dec18

Block - 1P - 2P -3P
Plantanillo - 11.55 - 17.51 - 20.17
CPO-5 (30%) - 6.00 - 7.69 - 11.28
Mecaya (50) - 0.27 - 0.39 - 0.45
TOTAL - 17.82 - 25.59 - 31.90

@31Jul19

Block - 1P - 2P -3P
Plantanillo - 8.60 - 12.30 - 16.23
CPO-5 (30%) - 6.44 - 9.50 - 14.90
TOTAL - 15.04 - 21.80 - 31.13

Figures are well down on the conservative review of Platanillo's prospects, c1.2m barrels produced ytd and Mecaya dropping out of figures. Failure to deliver on multi-well drilling campaign results in next to nothing new being added.

Underwhelmed as usual with AMER RNS.

[davwal] 20/9/2019 07:12

Reserves update published...

John Wardle, CEO of Amerisur Resources said:

"We are pleased to complete the update to our reserves and transition the review of our full portfolio to McDaniel and Associates. We have had feedback from participants in the FSP that they value the new independent assessment from McDaniel. The report highlights the near-term value of the Company's CPO-5 asset."

[bountyhunter] 19/9/2019 21:15

same here!

[bountyhunter] 19/9/2019 17:05

Unfortunately that normally means sfa but we live in hope here and so I hope there does turn out to be some hidden meaning on this occasion!

[davwal] 19/9/2019 16:33

A 1 share trade at 16:29, and we all know what that means...! BTW - Whatever happened to Laptop?

[bryet] 19/9/2019 15:41

In his dreams!.

[juuunx2] 19/9/2019 14:36

Lucy 38p still your guess

[lucyp00p] 19/9/2019 13:48

The same crazy fool that keeps 50 million dollars aside for a rainy day.

[tyler durden1] 19/9/2019 12:52

Not only no incentive, but a motive to delay or fail. It would still be cheaper to fail a drill (like the last one appears), as they are the operator, they know the potential, and the cost of one drill off target could be rectified easily by reworking the well if that was the case, and for those who think its just conspiracy....IT HAPPENS.

[acv74] 19/9/2019 11:08

I think the lack of operational progress is simpleONGC are slow at CPO-5, we have no input on how quickly things happen. If they are negotiating the purchase of our 30% I'm guessing they're not particularly incentivised to prove up more reserves at this time.In our own operated sites things have been stopped as the management have every intention of selling in the next 3 months. What crazy fool would commit to large capital projects while a sale is being negotiated?

[lucyp00p] 19/9/2019 10:18

For this penny share? Don't be daft.

[kaos3] 19/9/2019 10:10

by selling shares he has or he does not have (borrows)

plus - he can be on both sides of the trade - just cementing vol and share price at around 17 p

[davwal] 19/9/2019 10:01

Okay, I’ll ask: how does a buyer keep the price down?

[kaos3] 19/9/2019 09:51

adding to the sinister is a lessened operational activity in ALL
low quality communication
yada yada yada