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
  +0.16p +1.36% 11.96p 1,714,222 16:35:05
Bid Price Offer Price High Price Low Price Open Price
11.88p 11.98p 12.20p 11.50p 11.84p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 68.50 0.47 0.77 15.0 145.1

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Date Time Title Posts
17/10/201812:50Amerisur Thread - the one that welcomes any comment and not just blatant ramping48,019
13/2/201714:08Amerisur Resources - a new dawn24,240
26/4/201509:30Amerisur - 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
2018-10-19 15:35:0511.966,721803.83UT
2018-10-19 15:29:0411.9312,5001,490.63O
2018-10-19 15:28:5811.932,071246.97O
2018-10-19 15:19:5211.901,497178.14AT
2018-10-19 15:17:5511.908,000952.00O
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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 11.80p.
Amerisur Resources has a 4 week average price of 11.08p and a 12 week average price of 11.08p.
The 1 year high share price is 22.50p while the 1 year low share price is currently 11.08p.
There are currently 1,213,205,768 shares in issue and the average daily traded volume is 4,450,420 shares. The market capitalisation of Amerisur Resources is £145,099,409.85.
moneylender: Posted by ColonelDrake on LSE. I would add our land grab and better security conditions to this comparison, along with our war chest of $50M "This is how the 2 year comparison looks to me Oct 2016 1. Pipeline not fully operational 2. Oil price $50pb 3. Ave Production 2600bopd (h1) 4. No Mariposa discovery or production 5. Rex has 140m shares left to sell 6. Share price 32p Oct 2018 1. Pipeline fully operational and capicity increased from 5k to 9kbopd 2. Oil price 50% higher at $75pb 3. Ave Production doubled to 5200bopd (h1) 4. Mariposa discovery, production and 3 exploration wells due in next 3 months 5. Rex has 10m shares left to sell, poss 15m at worst case scenario 6. Share Price 12.7p Company has at least 10 years or more left in reserves now and could increase that to 20 years with future drilling plans Last point, company has more cash in bank now than it did in 2016. Still no debt."
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 price deceases for several other reasons besides share selling. But share selling will definitely not help the share price to rise. On the other hand, price for any item is determined by demand and supply of the item. If the supply is reduced, the price will rise. How did OPEC raised the price of oil in the last few months - simply by reducing its supply in the market. Share buybacks do just that - they reduce the supply of shares in the market. Something scarce will rise in price. This will happen provided that the news flow comes good in the interims and drilling.
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
winchcombe: AMER Annual Results for Year to 31/12/2017 16/4/2018 Financial Growing production and improving oil prices delivered a strong financial performance: -- Significant revenue growth of 96% to $92.5m (FY 16: $47.2m) -- Adjusted EBITDA of $19.8m (FY 16: $0.4m) -- Net cash from operating activities increased to $30.0m from ($3.3m) -- Strong cash position at year end of $41.3m with zero debt -- Post period end during April, Amerisur entered into a $35m working capital facility with Shell Western Supply and Trading Limited. Production and OBA -- FY17 average production of 4,857 BOPD, up 58%, with an average realised price of $50.0 per barrel -- Delivered 2017 exit rate of nearly 7,000 BOPD -- Diversification of production base from one to two oil fields in line with Amerisur's strategy -- FY17 OBA throughput average of 4,400 BOPD reducing average cash opex and transport costs per barrel to $18.6 (FY 16: $24.9) -- At $60 oil, with cash costs of production and transportation of below $20, cash netback in excess of $40 per barrel Exploration Drilling of seven exploration and appraisal wells: -- Platanillo-22 from Pad 2N at the beginning of the year identified an extension to the field to the north, with a deeper oil-water contact -- Mariposa-1 discovery in the CPO-5 block which sits on trend with the prolific Llanos-34 contract Outlook -- Up to 14 fully funded exploration and development wells planned for 2018 -- Ramp up of near term exploration activity: o N Sand anomaly at Pintadillo-1 is one of four such anomalies identified by the Company in the central part of the Platanillo block. The well is targeting estimated P50 resources of 11.44 MMBO o Regulatory permission received to drill the Miraparriba-1 well in the Put-8 block, a low risk U and T sand light oil structural target, with estimates of P50 gross resources of 4.4 MMBO. The well is expected to spud in early May 2018 o Indico-1, the first new well at CPO-5, estimated to hold P50 gross resources of 10.3 MMBO, is expected to spud by May 2018 Giles Clarke, Chairman of Amerisur, commented: "We exited 2017 with strong production growth, a diversified production base, further upside identified through our exploration success in the north of the Platanillo field and Mariposa-1 in CPO-5 and a refreshed Board. Amerisur has low cost production with cash netbacks in excess of $40 per barrel of oil produced (at $60/bbl selling price) and generates significant cash flow from its operations. We have a strong balance sheet of $41m cash; a portfolio concentrated on the highly prospective Putumayo basin with significant upside of 1,376 MMBO in the mid case; and a team with an excellent discovery and value creation track record. Although we are seeing an improving market environment, with the oil price ending 2017 at $60/bbl, we remain focused on capital discipline and delivering against our strategy of being cash generative at a sub $45 oil price, achieved through increasing OBA throughput which delivers strong operating margins." "2018 is focused on successful exploration, growing our reserves and production levels, continuing to diversify our production base, and increasing OBA throughput. We will do this through our active fully funded drilling programme of up to 14 wells, with the spudding of Pintadillo-1 in the Platanillo N Sand, Miraparriba-1 in Put-8 and Indico-1 in CPO-5 targeting 26 MMBO of prospective resources, to commence in the coming weeks. "Our extensive licence portfolio has delivered substantial exploration success and value creation to date and means we are well placed to generate significant future shareholder value."
underhill2: Looks like worrying times ahead. I never thought I would say this but the share price may now be fairly valued. The recent large decline in the share price is the equivalent of a profits warning. The big worry is the share price may have lower to go. All this gloom and doom talk is having a snowball affect on the share price as the small private investors start to worry about their investment which in turn leads to more selling and in some cases panic selling.
Amerisur share price data is direct from the London Stock Exchange
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