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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
  -0.40p -2.35% 16.64p 1,159,886 16:01:45
Bid Price Offer Price High Price Low Price Open Price
16.60p 16.74p 17.16p 16.64p 17.16p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 68.50 0.47 0.77 21.0 202.3

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Date Time Title Posts
22/3/201916:10Amerisur18,329
28/1/201911:52Amerisur Thread - the one that welcomes any comment and not just blatant ramping48,032
13/2/201714:08Amerisur Resources - a new dawn24,240
21/9/201617:48Pipeline1
26/4/201508:30Amerisur - Voting at the 6 May 2015 AGM-

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Amerisur (AMER) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:01:3216.6449281.87AT
16:01:3216.641,942323.15AT
15:56:0916.682,947491.56AT
15:56:0916.6810,0001,668.00AT
15:56:0316.707,8271,307.11AT
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Amerisur (AMER) Top Chat Posts

DateSubject
22/3/2019
08:20
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 17.04p.
Amerisur Resources has a 4 week average price of 16p and a 12 week average price of 14.64p.
The 1 year high share price is 20.50p while the 1 year low share price is currently 9.50p.
There are currently 1,215,467,768 shares in issue and the average daily traded volume is 3,125,211 shares. The market capitalisation of Amerisur Resources is £202,740,023.70.
31/1/2019
15:00
somnus101: Others may have missed it too THURSDAY, 31 JANUARY 2019 Home Welcome About Our Company Our Assets Colombia & Paraguay Investor Centre Indicators Sustainability Our Approach Media Files Contact Us Information HomeInvestor CentreFAQs EmailPrint Questions To The Team Operations What does the upcoming work programme consist of? Amerisur has a near term, active, fully funded work programme. In the near term, following success at Indico-1 well, we plan to immediately commence a four-well drilling campaign to determine the prospectivity of the area within the LS3 play. This campaign will consist of the drilling of Calao-1, Pavo Real-1, followed by a further two wells to be drilled in the Indico structure from the Indico pad to refine resources and reserves estimates. Furthermore, following the farm-out agreement signed in November 2018, Occidental Andina will fund a $93.25m exploration and appraisal program between 2019-2021. This programme is targeting Putumayo-9, Terecay, Tacacho and Mecaya, all in the Putumayo region, in southern Colombia. The farm-out blocks extend over 1.4 million acres and have prospective resources of 656 MMBO. The work programme includes the acquisition of 878 Km of 2D Seismic and the drilling of five exploration wells. The drilling of the first of up to six wells on Coendu structure (Putumayo-9 and Putumayo-12) is expected to begin in Q3 2019. In addition, Miraparriba-1 on Putumayo-8 is expected to spud in H1 2019. Why does the OBA throughput appear reduced some months? OBA throughput is not necessarily a reflection of production given royalty barrels are collected at the wellhead by the government and they choose when to collect them. They may go for several months without collecting before giving Amerisur notice they wish to collect. The Company has substantial storage in field where inventory can be built up pending pick up by the government (or OBA throughput). Are there plans to transport third party oil via the OBA? Amerisur is 100% owner and operator of the OBA pipeline, a key piece of strategic, cross-border export infrastructure delivering world-class operating margins and further growth potential. The Company’s focus is to further increase the export of its crude through the OBA following exploration success and progress further commercialisation options to best utilise this important piece of infrastructure. The Company is reviewing options to utilise the capacity through the purchase of local crude until production ramps up. The Company is awaiting the approval of the Ministry of Mines and Energy in order to begin purchase and shipping of third party crude via OBA. That approval is expected in H1 2019. In November 2018 Amerisur signed an agreement with Occidental Andina for the transport of oil produced from the blocks shared with Amerisur, with a commercial tariff charged for Occidental Andina's share. What is the current political situation in Colombia? The current Colombian government, led by Ivan Duque, which took office on 7 August 2018, represents a centrist position, with an ambitious manifesto of social equality, economic development, fiscal stability and the continuation of the peace process. The President has shown himself to be extremely committed to supporting industry and has underlined the importance of hydrocarbon exploration and production to the nation and the fulfilment of the aims of his administration. Government is currently canvassing the industry for suggestions to improve the efficiency of the agencies and Ministries, with the commitment to attack bureaucracy and minimise delays to oil projects. Amerisur is committed to working through the social issues in the country and we continue our ongoing support of the peace process. We are committed to supporting the local people via our various community initiatives and contributing towards a peaceful and equitable operating environment. Read more about our initiatives here. Financials What is Amerisur’s financial position? Amerisur is in a strong financial position, reporting revenue growth of 93% to $67.9m, profit after tax of $10.8m and a robust cash position $49.3m at its Interim Results in September 2018. Our strong cash generation from existing production and balance sheet delivers a fully-funded work programme. When will Amerisur pay a dividend? It is Amerisur’s aspiration to pay a dividend once it is delivering sustainable production from multiple fields. The Company is making positive steps towards this goal, with production now coming from two oil fields. Cash returns to shareholders are regularly discussed by the Board and firmly remain a goal. Corporate Governance Is the Amerisur Board aligned with its shareholders? Yes. The Board is 100% aligned with shareholders as demonstrated by the recent director dealings by John Wardle, CEO, and Giles Clarke, Chairman of over £1 million and £70,000, respectively. When are Directors in a closed period? Due to the Company’s ongoing fully-funded work programme, the close period regularly changes, and we cannot provide guidance on this and when the Directors are able to buy shares. Disclosure When is the next production update? As per industry best practice disclosure we provide production updates on a quarterly basis, alongside regular operational updates. When can shareholders expect a reserves and resources update? The Company publishes its reserves and resources report annually, usually in the first quarter of the year. From time to time interim updates are made. Our most recent Reserves, Operational and Production Update can be viewed here. http://b.artbetting.net/ BetFair - ArtBetting.netFull Reviw on best bokmaker - Ladbrokes Ladbrokes full information CURRENT SHARE PRICE EMAIL ALERTS Click here to register for email alerts from Amerisur Resources LATEST NEWS MORE NEWS REPORTS & PRESENTATIONS Farm-out Presentation webcast Farm-out Presentation November 2018 Interim Results Presentation September 2018 Operational Works Update Presentation 8th June 2018 Company Presentation May 2018 AGM Presentation webcast AGM Presentation May 2018 Notice of AGM to be held on 15th May 2018 and Proxy Form Final Results Presentation April 2018 Financial Statements for the year ended 31st December 2017 Interim Results Presentation September 2017 MORE FILES TO DOWNLOAD Amerisur Resources PLC © 2018
17/1/2019
10:38
sji: On 03.10.2018 "Amerisur Resources Plc, the oil producer and explorer focused on South America, is pleased to announce the T sand interval at the Pintadillo-1 discovery has flow tested under natural flow at 590 bopd of 30.4 degrees API oil under choke of 18/64" with strong wellhead pressure of 110psi. ...." And "The company plans to re-map the T and U sand targets across this part of block to evaluate the size of the discovery and will make a decision as to future drilling options from the Pintadillo pad thereafter. ..." And on 17.10.2018 "... The Pintadillo-1 well test in the T sand is continuing at varying levels of production based on the testing. Initial results indicate that the well is located low on the new structure. The Company expects to complete re-mapping of this discovery in the next four weeks, followed by a decision on further drilling to appraise the discovery. ..." Three months have passed since the last update. A decision has definitely been taken since then. Wouldn't it be good to update the market on this well whether it is positive or not? Otherwise, the market will take its own decision and the share price will drift lower! I know that they struck oil at CPO-5 and the share price responded positively for that already. But to keep the momentum, we need more positive news from elsewhere. And what happened to " ... The recently acquired Coendu seismic data in Put 12 and Put 9 has now been processed and is being interpreted prior to finalisation of the first Coendu drilling location. ..." This was on 17.10.2018! Three months have passed since then. A decision has definitely been taken on this one too. I am already invested in this one and do NOT intend to invest more. So, all I want is for the share price to go one way from here. And that is UP! So, can they please issue an RNS and update the market on these?
04/1/2019
09:22
fadilz: Well my own way of assessing the share price relies on the NPV model, about which I have posted over an extended period. What I will say is that over the period Aug 2013 to Aug 2017, changes to NPV (function of reserves, production, profit per barrel), were closely mirrored by a corresponding change in share price. That relationship broke between Aug 2017 and now, with share price significantly below what I would expect given NPV movement. The share price now is approaching what the model predicts - that is somewhere around 21p. So we seem to be returning to some kind of normality. Is that an RH effect? He was selling just as much if not more in 18 months leading up to Aug 2017, and since it had no effect then why since? To my mind the RH discussion is tiresome, especially since it does/did not provide any actionable guide to buying/selling - so I did and do ignore it. Constant repetition does not make it true, I am not convinced by the evidence, and have in any case (to my satisfaction) a better way to assess/predict the share price. Plat was always seed-corn for development of new reserves and production, and this is what will determine share price, along with profit per barrell. It is clear that we are at last making progress on all fronts on the back of some fantastic acquisitions and deals, and 2019 should see multiples of current sp, though low 20s is fair for now - I will post more when parameters of CPO-5 become clearer, or if Plat produces more than 4k.
29/12/2018
23:30
mirabeau: Just got access to the Shares article from early Dec. It was subs only but not any-more for some reason - tsmith2 - all the previous Financial Statements were dated 31 of Dec each previous years - - Oil play Amerisur is at a major turning point The Colombian oil producer looks exciting after a $93m agreement with a US firm and exploration success 13 December 2018|Great Ideas Issue: 13 Dec 2018 We think a very active period for Amerisur Resources (AMER:AIM) could be the catalyst for the market to take another look at the stock. A recently secured $93m farm-out agreement with US firm Occidental Petroleum (23 Nov) and news of a potentially significant new oil discovery (10 Dec) has breathed some life into the share price. A forward price-to-earnings ratio of 10 times suggests the shares remain inexpensive and so we still believe the share price has much further to rise. We expect momentum to be maintained in the coming months as the Occidental deal helps accelerate activity across the company’s acreage in Colombia. The political instability is one of the risks which must be weighed when assessing the stock, and this, plus some delays in fully tapping the potential of its Colombian assets, has been a factor in holding back the share price in the past. However there are plenty of reasons to be positive. The company is underpinned by a strong and growing production base from its Platanillo field of around 5,500 barrels of oil equivalent per day. It has a low-cost export route through a pipeline into Ecuador. Amerisur can fund activity from robust internal cash flow and it is sitting on plenty of cash. Stockbroker Arden forecasts it will have $49.3m cash at the end of 2018. This buffer also provides some insulation from short-term volatility in the oil price. The recent successful result from the Indico-1 well, where Amerisur is partnered with Indian state oil firm ONGC, marks the start of a busy period of drilling activity with 12 more wells set to be drilled through to the end of 2019. This has been augmented by the agreement with Occidental which will see Amerisur carried on a big seismic survey and five-well programme through to 2021. The company’s chief executive John Wardle has plenty of in-country experience. He has been working in Colombia for the best part of two decades – initially for BP (BP.) and then Emerald Energy where he was responsible for the discovery of the Campo Rico and Vigia oil fields. Emerald, which also had assets in Syria, was taken over by Chinese state firm Sinochem for £532m in October 2009. And Wardle has backed his faith in Amerisur’s forthcoming drilling effort with cold hard cash, investing nearly £1m of his own money in company shares in the wake of the Occidental deal. -
15/12/2018
21:43
tradesmarter: We think a very active period for Amerisur Resources (AMER:AIM) could be the catalyst for the market to take another look at the stock. A recently secured $93m farm-out agreement with US firm Occidental Petroleum (23 Nov) and news of a potentially significant new oil discovery (10 Dec) has breathed some life into the share price. A forward price-to-earnings ratio of 10 times suggests the shares remain inexpensive and so we still believe the share price has much further to rise. We expect momentum to be maintained in the coming months as the Occidental deal helps accelerate activity across the company’s acreage in Colombia. The political instability is one of the risks which must be weighed when assessing the stock, and this, plus some delays in fully tapping the potential of its Colombian assets, has been a factor in holding back the share price in the past. However there are plenty of reasons to be positive. The company is underpinned by a strong and growing production base from its Platanillo field of around 5,500 barrels of oil equivalent per day. It has a low-cost export route through a pipeline into Ecuador. Amerisur can fund activity from robust internal cash flow and it is sitting on plenty of cash. Stockbroker Arden forecasts it will have $49.3m cash at the end of 2018. This buffer also provides some insulation from short-term volatility in the oil price. The recent successful result from the Indico-1 well, where Amerisur is partnered with Indian state oil firm ONGC, marks the start of a busy period of drilling activity with 12 more wells set to be drilled through to the end of 2019. This has been augmented by the agreement with Occidental which will see Amerisur carried on a big seismic survey and five-well programme through to 2021. The company’s chief executive John Wardle has plenty of in-country experience. He has been working in Colombia for the best part of two decades – initially for BP (BP.) and then Emerald Energy where he was responsible for the discovery of the Campo Rico and Vigia oil fields. Emerald, which also had assets in Syria, was taken over by Chinese state firm Sinochem for £532m in October 2009. And Wardle has backed his faith in Amerisur’s forthcoming drilling effort with cold hard cash, investing nearly £1m of his own money in company shares in the wake of the Occidental deal.
24/11/2018
07:37
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.
18/9/2018
11:59
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.
12/9/2018
04:58
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!
11/9/2018
14:49
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
11/9/2018
11:51
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!
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