Amerisur Resources Share Discussion Threads

[kaos3] 02/10/2019 20:04

agreed. tax planning for sure

[acv74] 02/10/2019 20:02

I agree Taylor. Why has it been reported out of hours?

[tyler durden1] 02/10/2019 19:57

There is a deal in the offing if JW is taking these measures

[acv74] 02/10/2019 19:39

Perhaps the tax position is based upon the value at exercise and a company is a more tax efficient environment for that tax to arise??......current value 17p, final exercise price ????Maybe JW knows something we don't.

[lucyp00p] 02/10/2019 19:29

For sure, we don't know, but on balance, it can't possibly be a bad thing.

[quidnunc] 02/10/2019 19:13

Indeed, the why? and the why now? are the most significant aspects of the rns. I'm guessing that transferring from one entity to another controlled by the same person does not count as Director dealing within a "closed" period in sensu stricto but, as better men than me have said WTFDIK?Q

[lucyp00p] 02/10/2019 18:49

Colombian income tax rate is 33%. I'd be amazed if a transfer from personal to trust is tax exempt, but I guess if the options are still out of the money, they could be.

[meneither2] 02/10/2019 17:57

Most likely the latter!

[moneylender] 02/10/2019 17:47

OK Lucy I take your point but why has JW done it, I thought all options would become vested on a take out. Maybe a partial sale or is it just John being tax efficient!

£1 by Xmas

[lucyp00p] 02/10/2019 17:42

Because we're all going to be rich.....but not as rich as Mr. Tracarta (if you forget about Ironveld et al.)

[lucyp00p] 02/10/2019 17:41

I certainly did, but will GC accept 38p???

[moneylender] 02/10/2019 17:32

RNS

Amerisur, the oil and gas producer and explorer focused on Colombia, announces that John Wardle, Chief Executive Officer of Amerisur, has transferred all his outstanding LTIP awards (which amount to awards over a total of 14,294,136 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares")) to Tracarta Limited ("Tracarta"), a company in which John Wardle has an interest. Ordinary Shares will only be receivable under the LTIP awards to the extent vesting conditions have been met.

Following the transfer, Tracarta holds 33,391,505 Ordinary Shares, an option over 3,000,000 Ordinary Shares and LTIP awards over 14,294,136 Ordinary Shares.

Now why has he done that? Answers on a postcard please?


£1 by Xmas

[eddie_yates] 02/10/2019 17:19

I thought you said 38p??

[lucyp00p] 02/10/2019 16:54

I'm inclined to agree with the market maker price management theory, although I don't really understand how it's possible under law. While we have been bobbling around the 17p mark, oil has tanked, markets have tanked, even other E&p's like Hurricane and 88E have flared briefly, then tanked. Today everything is in the toilet, but Amer barely moves. I sincerely hope that GC has the skills to get this deal over the line because if he fails, we have some catching up to do.

[westmoreland lad] 02/10/2019 15:04

Hope the guy that cheated him meets a very painful end !!

[chopper harris1] 02/10/2019 15:03

Okay, understood. Thanks.

[quidnunc] 02/10/2019 14:45

Where Brian spent his last few years when things fell apart for him in UK but now about to fly back to rain etc. Can't say more on a public forum because there's still ongoing legal stuff out here and I don't want to get sucked in any further Q

[chopper harris1] 02/10/2019 13:32

quidnunc,

Genuine question: where exactly are you?

[lucyp00p] 02/10/2019 11:07

Have you seen how Spurs defend???

[quidnunc] 02/10/2019 10:40

Opposite Mehmets Bar is an old fig tree which the locals tie strips of cloth to representing wishes. I suspect Brian's Amer strip got ragged and blew away in the wind. I suspect the Brexit one will follow if it hasn't already gone leaving the Football one as the best bet. Q

[notimpressed] 02/10/2019 10:19

jp the only market maker is supply and demand. demand goes up,
price goes up.demand falls, price falls.

[jp2011] 02/10/2019 10:10

The price is being stabilised by the market maker 16.75-18.25p pending a firm offer. AMER are paying for this service because they want a realistic price rather than it accelerating away to 50p only for an offer around 30-35p

[kaos3] 02/10/2019 09:26

imho worst case scenario is a good parts sale and leaving CG with huge pile of cash on the AMER balance sheet.
1,5 mil loss on 100 mil turnover springs to mind
no divi springs to mind
no buy back springs to mind
SEY springs to mind
etc
do you want that?

[tyler durden1] 02/10/2019 09:09

Charlie

But wanting parts in this situation is not so bad, as no doubt ONGC wants CPO-5 and it wants to increase production in Colombia, and so does Oxy and the OBA provides even more reason to go it together, either one bidder with joint agreement or both parties taking Amerisur.

Normally a break up can be messy but in this case not so. Oxy already have access to SOME of Amerisur's assets, ONGC don't. A marriage made in heaven.

Oxy and ONGC even use same suppliers for some of their supplies. TMK.

[charlieeee] 02/10/2019 08:52

That is not so, notimpressed.

On SEPU, even though it was known that the offer was 20p, that share traded at a substantial discount pending regulatory approval from the authorities (it was the sale of a communications company asset to the Chinese). Once approved, of course, it trade in the 19s.

Closer at home, AMER,there was not a whisper (until the day before, when there was that extra ordinary trade: presumably on the knowledge contained in the RNS, released the next morning) re the farmout to OXY, even though more than one party had been involved.

The harsh conclusion to draw is that the land of drug barons has better pack drill than the City: perhaps a bullet in the head is a better way of enforcing a code of honor!

The expectation has to be that as Colombia is currently a hotbed of merger and acquisition and AMER's assets are an attractive range of different stage opportunities, we can expect offers and it is just whether they will be accepted or someone go hostile. Wanting "parts" makes the latter difficult, but Bogota is a small pond, with a lot of partnerships already in place and so even that might be doable.