Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Amerisur Resources LSE:AMER London Ordinary Share GB0032087826 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20p -1.67% 11.80p 4,852,829 16:35:28
Bid Price Offer Price High Price Low Price Open Price
11.42p 11.78p 12.00p 11.34p 11.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 68.50 0.47 0.77 14.4 143.2

Amerisur (AMER) Latest News

More Amerisur News
Amerisur Takeover Rumours

Amerisur (AMER) Share Charts

1 Year Amerisur Chart

1 Year Amerisur Chart

1 Month Amerisur Chart

1 Month Amerisur Chart

Intraday Amerisur Chart

Intraday Amerisur Chart

Amerisur (AMER) Discussions and Chat

Amerisur Forums and Chat

Date Time Title Posts
25/11/201811:08Amerisur Thread - the one that welcomes any comment and not just blatant ramping48,030
13/2/201714:08Amerisur Resources - a new dawn24,240
26/4/201508:30Amerisur - Voting at the 6 May 2015 AGM-

Add a New Thread

Amerisur (AMER) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Amerisur trades in real-time

Amerisur (AMER) Top Chat Posts

Amerisur Daily Update: Amerisur Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AMER. The last closing price for Amerisur was 12p.
Amerisur Resources has a 4 week average price of 9.50p and a 12 week average price of 9.50p.
The 1 year high share price is 22.25p while the 1 year low share price is currently 9.50p.
There are currently 1,213,205,768 shares in issue and the average daily traded volume is 3,311,401 shares. The market capitalisation of Amerisur Resources is £143,158,280.62.
sji: RBC has a sector perform and a price target of 20p for AMER. It also says that Amerisur has announced a material deal that introduces Occidental (2nd largest producer in Columbia) to southern Columbia for the first time. It initiates activity in a dormant part of the portfolio but with the scale of opportunity (656 mmbbls) to attract a 650,000 boe/d oil company. As I said yesterday, such multinational oil companies will not be interested in a prospective oil field that produces just a few hundreds of oil barrels per day! In my opinion, with a current production of 650,000 boe/d, they will be after prospective oil fields that produce several thousands of oil barrels per day. If they are successful, the effect on Amerisur share price would just be massive!
beauf: Can Amerisur Resources hold onto 40% gain? by Rajan Dhall from ;interactive investor | ;23rd November 2018 12:25 It's been a great day for Amerisur Resources. Financial markets analyst Rajan Dhall talks us through the key drivers and runs the numbers to see what the share price might do next. Amerisur Resources is a popular AIM-listed oil and gas company focused on South America, with assets in Colombia and Paraguay and production from two fields in Colombia.  After a difficult four years during which the share price has slumped from over 66p to just 9.3p this week, Amerisur has something to cheer about. Today we hear the company has entered into a farm-out agreement with US multinational Occidental Andina across exploration blocks Putumayo-9, Terecay, Tacacho and Mecaya, all in the Putumayo region, in southern Colombia. This comes just two days after Amerisur announced it had bought the outstanding working interest in Mecaya. For a 50% stake in each block, Occidental will fund a $93.25 million exploration and appraisal program between 2019 and 2021. Occidental will fund 85% of the total planned 2D seismic cost expenditure of $65 million and all of the $38 million planned drilling program.  The market has taken the news well. Amerisur shares were up as much as 40% in early deals, topping 14p for the first time since September. They’ve drifted back since to around 12p for a 20% intraday gain, valuing the business at £147 million. Tullow Oil: A catalyst to halt the declineWhy Sound Energy has now lost 60% in one month And this is clearly a positive for the business. Amerisur has prudently shipped out some original partners to streamline the business process in the Caguan-Putumayo basin and then brought on another more experienced partner who can help with the expansion of overall operations.  Importantly, the fact that Occidental Andina would operate the farm-out blocks, which extend over 1.4 million acres, and the potential prospect of 656 million barrels of oil is a massive plus. As chief executive John Wardle says:  "…this transaction will now amply fund, widen and bring forward our exploration programmes in the Put-9, Tacacho, Terecay and Mecaya properties, which we and our new partner believe to hold very substantial resource potential." Speeding up the work programme while dramatically reducing the company’s capex exposure, and the introduction of a partner with significant experience in the region, can only improve sentiment. All in all, great news for Amerisur. Amerisur chart analysis Looking at the weekly chart it is clear to see the company is in a downtrend and in need of some good fundamental news.  Today, Amerisur's share price encountered some resistance at the weekly trendline originating from the highs seen back in August 2014 to the wave high in May this year (see chart below).  If buying volume persists, there is a good chance of a break to the upside, but there are a number of potential resistance levels to be aware of. The 15p area was used strongly as support once in mid-2017 and then again in April 2018 where price saw a mild reversal up to the 19.22p resistance point.  Resistance here was key after the capitulation of the share price from August as it held twice, helping stem losses.  Moving forward, the volume indicator at the bottom of the chart is showing buying interest at these low price levels. One major issue does seem to be the current depressed oil price. A move higher from here will depend on buying volume persisting alongside a recovery in Brent and WTI crude prices. Source: TradingView (*) Past performance is not a guide to future performance *Horizontal lines on charts represent levels of previous technical support and resistance. These articles are provided for information purposes only.  Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties.  The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
ladeside: No offence intended, however I find it rather patronising when certain posters come on here telling us all to "calm down" and to look at future "target prices", especially when many of us have been here years and seen the development of this company from a tuppence hapenny operation, which held a small interest in a block controlled by Ecopetrol and Repsol, to where we are today. Remember, the REAL risk was when we were buying in to a dream at 2p and thereabouts, we subsequently saw the company built up to a mid size producer with their own pipeline and interests in various countries and an accompanying share price of the mid 60's. Ok, perhaps the mistake many made was to keep holding, however I'm sure most of us are on free carry or thereabouts and I'm also sure many of us have made healthy sums, however I also think it more than fair that we are also entitled to ask questions of what has gone wrong and why we're sitting at current share price levels. We all know the Rex Harbour situation and whether that's due to issues with GC or whether there's more to the story, who knows ? We also know that the oil price has dropped from the crazy days of $150, however is there more to this than meets the eye ? Who knows anything, (certainly not malcy) but the reality here is that we're back to the sort of levels that we were at when we had nothing but a dream and that just can't be right. I still believe in this company, however the share price is really the only thing that matters and the reality is that it stinks..............
sharesure4: If it is any comfort we have been here before with Amerisur. I remember in around 2008 the share price inexplicably falling to 6.5p, providing a buying opportunity, only to offer an even better one a couple of weeks later at 5.5p! But after that the share price went in a straight line back to 29p in the following couple of months. The Board made no comment on the decline nor the subsequent rally - so no change in attitude now either. It did provide one of the best spreadbet opportunities around and I know there were many of us who used Worldspreads as the vehicle - it probably contributed to the latter going out of business. I expect Amerisur to have a re-run of that share price rally, with or without some of the current Board. I would still support losing the ‘services̵7; of GC at the next AGM. If he hasn’t pulled off anything significant by then that looks to be quite an easy step.
lucyp00p: this company would make a great theoretical study, debunking all conventional share price wisdom. It's just a bloody shame I'm holding a million of the bloody thing. Oil price down, share price down, Oil price up, share price down, Profits doubled, share price down, Cash reserves doubled, share price down. What is the X factor which renders subjective analysis useless here? And if anyone says Rex, you can sit on the lazy chair.
sji: FA. All that you have said regarding how the City works in this situation might be true but that does not disprove the fact that share buybacks will support the share price of a company and will ultimately result in a rise in its share price. The example you brought as proof of your theory that the Amerisur share price drifted over the last months even when some institutions took RH's shares is not good. The Amerisur share price has drifted in recent months due to several reasons other than RH's continuous selling. Just to mention a couple of other reasons, Amerisur finished last year producing 7,000 bpd and promised an increase in 2018. On the contrary, the company never produced that much in a single month in the last 8 months! Secondly, the company promised 14 fully-funded well drillings for 2018 which have not materialized and will not materialize now. Hopefully, they will drill at least half of the promised number this year and get some good results. In the last 8 months, Amerisur produced some 1.3 million barrels and we have not heard yet of any increase in reserves. That is a worry which is depressing the share price. Hopefully, in the next couple of weeks, we shall get news of some new reserves which will definitely help the share price. But the rise in the share price with forthcoming good news flow from the company will be hindered if RH continues to sell his shares and there is not enough demand for it. As RH has quite a large number of shares to dispose (for his own reasons), the demand from the City is unlikely to be enough to soak them up all in the short-term. So, having a lot of cash in hand at the moment, the company might use it to help us small shareholders and buy some of the excess supply of shares from the market. In my opinion, at this point, share buybacks would be better than giving us an interim dividend!
sji: Sorry FA but it does not work that way. Suppose I want to buy shares in Amerisur. I go to the market and there is supply coming from RH and other people. If the supply is greater than the demand, the share price falls. If the company decides to do a share buyback from the open market, irrespective from where the shares come, the supply in the open market will decrease. If RH refuses to let his shares go in the share buyback, there is shortage in the open market and the share buyback forces the price up. Ultimately, other people will sell their shares to the company in the share buyback but the price has risen. When the share buyback has finished and I want to buy shares on the open market, only RH is now selling since other people has sold their shares to the company for the buyback. So, the supply is now less whereas the price is higher since the company had to offer a higher price to do the share buyback. RH's supply of shares will depress the price when he starts selling again but the price would now be much higher than the current price. To get the price back where it is now, RH would have to flood the market with his shares. If he does that, his shares will finish much earlier than they would last if there is no share buyback. So, any action from the company that results in less supply of shares being on the market will ultimately result in a higher price.
sji: Share buybacks reduce the amount of shares in circulation. So, even if Rex starts to sell his holding again once the share buyback is ready, the price will not go back where it started. If the value of the company increases due to good news flow, when divided by a lesser number of shares, the price per share will be higher. Market makers know that Rex has a chunk of shares (c. 34 m) that he is ready to offload as soon as there is a small increase in price. If market makers know that there is another buyer (the company) that is ready to swallow his shares, they will be more ready to raise the share price. At the moment, once some consistent buying appears, market makers raise substantially the offer price but not the bid price (for obvious reasons). This causes the buying to immediately dry out as the spread widens substantially. As soon as the bid price is raised a bit, there is substantially selling and the share prices falls again. Share buybacks will definitely improve this situation and the share price may settle at a higher level, say 20-22p. All imho
sji: If what is being said about Rex is correct, the board of directors should decide to do some share buybacks with the large amount of cash the company currently has. If they do that, they will counter the negative effect that Rex's continual share selling is doing to the share price. If the share prices rises, the directors will gain with their share options. However, small shareholders will also gain if the share price rises. If this is a battle of egos between Rex and the directors, the ball is in the directors' court since the share price has been depressed for several months which is what Rex wants!
moneylender: Amerisur Resources I met with John Wardle and the rest of the management team earlier this week and whilst there was nothing specific to add to the AGM statement there was a significant degree of optimism ahead of the upcoming work programme. With 14 wells targeting the Platanillo ‘N’ sands, CPO-5, PUT-8, 9 and 12 there is a huge degree of optimism for this summer and autumn. I had a number of people who wanted me to ask JW about the political situation in country especially ahead of the elections on 27th May. The FT had run an article suggesting further ‘war’ in country but John appears to be much more circumspect and feels that support for FARC is dwindling and there is more likelihood of a positive outcome as per the outcome in Ecuador. The AMER share price is significantly below what one might expect given the production and revenues at @$80 oil as well as what might be a summer of success with the drill bit. If any or all of these wells were to come in then the share price is more like option money with plenty of upside
Amerisur share price data is direct from the London Stock Exchange
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20181210 06:29:32