Amerisur Resources Share Discussion Threads

[oilandgas1] 03/2/2017 08:44

Blackdown,

Latest production numbers last update was approx 4218bopd in total, with 3100 via OBA .. (down form 10Kbopd in 2014 ..target is 7.5kbopd to 8K for Apr 2017.

The next 9 weeks are key

[currypasty] 03/2/2017 08:37

2 bagger from here, IMHO, sell the Company!

[blackdown2] 03/2/2017 08:25

The low share price is due to uncertainty re overall production (what is it?)and the impact on exploration of the social unrest. Until the company is more explicit on both of these issues, the market will apply a discount.

[dayway123] 03/2/2017 08:19

Peel Hunt has recently derailed the share price whatever their agenda. I think Westlads comments are also valid and have to be taken into consideration.

[quidnunc] 03/2/2017 02:20

Interesting thoughts but I trust Vals unease a bit as he has an instinct for these things and researches widely. None of what he has pointed to explains the low share price directly so there is still something out there stifling sentiment that us lower mortals haven't cottoned on to yetQ

[trotting12] 02/2/2017 20:29

Guys,,amer have achieved great things ,,and I would now be a multi millionaire if I had not looked at the greener grass over the road ,,,amer is the real deal ,with great assets ,great potential and a proven bod ,even if they do annoy the life out of us ,,let's concentrate on the potential and wait for our rewards!!

[westmoreland lad] 02/2/2017 20:09

Welcome to the new posters ! Breath of fresh air from you who see the potential here and are investing in the future of AMER, going forward.

Anyone, or lets say most looking into this bb over the last few weeks would walk away and not invest having being filled with worries and creative doubts regarding indigenas people's rights / title to our drilling prospects, followed up by AMER felling ceremonial trees and a lady must be on a hit-list. More recently rubber trees have had a mention along Q/s about the pipe line crossing the two countries because of uncertainty where the boundaries really are. As if not enough ''the BoD apart from JW have lost interest in Amerisur'' from a poster above. FFS !!!!

Well done John Wardle if you are looking in. Amazing achievements in Colombia !!!!

I'll be adding on any further weakness.

[gtfcniles] 02/2/2017 18:11

Once they hit delivery target this will take off, its just when they do that.

7200 barrels a day down OBA @ $40 per barrel profit if WTI stays around $55....

7200 x 40 x 365 days £105m profit before tax...not turn over....

Plus trucked production......

Prove production and away we go.

[oilandgas1] 02/2/2017 16:44

So actual target now for 7.2kbopd is end of Q1 2017.

Throughput in the OBA has been good, averaging 1,839 b/d with a peak of 4,110 b/d and engineering work to construct the Chiritza pumping station in the RODA system is well under way. Workovers at plat 15 and 20 have been highly satisfactory with the latter producing 830 b/d from recompletion in the U sand, they have now moved to 14 and 9. Plat 8 has also been successful and yielded 411 b/d and they are now moving to Plat 24.

[oilandgas1] 02/2/2017 16:20

charliee,

1. Highest daily OBA throughput has been 4,110 barrels of oil on 9 December 2016.
so it has dropped without an explanation ...

2. Plat 24 was drilled but plat 22 was supposed to be done first (comms from AMER man in 2016) - why ? (local protests but we only found out much later)

3. We were told 7.2kbopd would be achieved by dec16 ..even jan17 would have been acceptable . now its still an unknown and no update how we will get there.

4. No update on actual OBA issues - Roda debottlenecking, pump issues, Libelua-1 technical issues, Ecuadorian reception facilities etc

5. 4 wells in 4 months (Dec to Mar17) - no schedule with approx dates published but 1 spudded and drilled, 2nd update due but delayed due to local social unrest again, what are the 3/4 th wells planned .. why not move on with them ?

6. Latest production numbers last update was approx 4218bopd in total with 3100 via OBA .. (down form 10Kbopd in 2014 ..target is 7.5kbopd to 8K for 2017 .. probably in Nov/dec17!!

7. no update on getting other oil into OBA (while new production is coming online.

Luckily, No debt, POO is staying up and cash is flowing, but we need more production and through OBA sooner rather than later.

[valentine] 02/2/2017 15:46

I hope so Charlee. They have limited ed there from time immemorial.. once the oil is gone they will again, probably. Amer are not at fault, essentially. I am uneasy about it all. These people have tribal areas rights that have nothing to do with national boundaries. Meanwhile a CEO who deals in shares of other related companies controlled by the chairman does not help my sense of humour unease. I have a long history here and got well financially cattle trucked ten years ago for a minor indiscretion of a similar nature. The main perpetrators walked away. Rules for the well heeled and the innocent eh? Amerisur is not my fave company anymore. Something smells and it is not just rotting vegetation post-deforestation.

[charlieeee] 02/2/2017 15:37

Val

On slide 40 of the presentation, the caption is telling: striving to foster "peace breaking out"

300 homes with solar panels installed
Meeting area
Classrooms and bathroom facilities
A clean potable supply of water

Also, keeping the trucking business going is obviously important, when gainful employment is at a premium.

All these address the issues raised in your article (and tend to be the standard way that some benefits are returned to the regions from which oil and minerals are extracted).

[lucyp00p] 02/2/2017 15:30

I don't understand the point in talking down a company you are long in, that's all. If things are so bad and you're just waiting for a bid, you've got a long wait. If the management is poor and you're invested then you're a fool. As for me, don't worry. I have a brand new Alfa Quad sitting outside and it's a fantastic car. There, I'm long in the car and extolling it's virtues. Take a hint

[charlieeee] 02/2/2017 15:20

Well, I would not see trading in a range as a negative market.

It is far more a "wait and see" attitude with many of us taking the view that 25p is good value for the platform built and already communicated to the market and anticipating further progress.

Equally, when the share price moves upwards of 30p, it feels as if the market is too trusting of the promised growth in OBA throughput and the 7200 BOPD q/E target.

If their word had been the BOD's bond, this would break out of the range to the upside on expectation. That not being the case, I only add incremental value as it is achieved and I suspect that approach informs the AMER trading pattern.

There is a fine line between that old saying "fool me once shame on you: fool me twice shame on me" and the ability to dump historical baggage.

[valentine] 02/2/2017 15:08

Miputumayo is of the opinion that FARC protected the jungle and it's indigenas inhabitants. Ironic.



With rubber production at the beginning of the twentieth century and the enslavement of Indians in the Arana House, Putumayo began a long tradition of holding on its territory. Then came the quina; timber; gold; Coca and finally oil. But this left nothing to the territory and its population. "If oil were synonymous with well-being for Putumayo, where 30% of the country's crude oil comes out - 96,000 barrels per day - we would be a developed region; But we are always in the last places of competitiveness; We are the second department with the highest rates of deforestation: there is illegal gold mining, timber traffic, populations without potable water, and in addition to all these scenarios, the armed conflict has been for decades, "he added.

[foiledagain] 02/2/2017 13:53

Lucy. My negativity seems to be shared by the market.
Very few investors have been as positive as I have with Amerisur, but when they are things I don't like I mention them, as rose tinted spectacles rarely help investors.

But then I rarely see you post anything of substance to do with Amerisur, as of late you only want to make snide remarks about posters.

Perhaps you are over leveraged. I own all mine, but if you think I should say how wonderful things appear with Amerisur, when information suggests that is not the case, and the share price suggests that is not the case, then I'm afraid you are out of luck.

[charlieeee] 02/2/2017 12:53

Whilst I am not the greatest fan of the BOD, keeping share holders informed has been done adequately over the last month.

OBA progress is critical since profitability matters more than volume.

16/12 we were told an average of 1836 BOPD through OBA
24/01 we were told that had increased to 3100

That tells us we are now looking at 3100 BOPD at a conservative $35 margin, so in the region of $40m profit on that production alone(if oil prices hold).

Solid, rather than spectacular, performance has been achieved and communicated.

On Platnillo 24

23/12 spudding RNS
9/01 update
24/01 420 BOPD update

How many more RNSs do investors want on Platnillo 24 ?

Additionally, the acquisition was RNSed on 20/12.

In due course, it might be fair to complain that we need an update on the social unrest affecting Platnillo 22, but the 24/01 update was only a week ago.

Overall, they are not hitting their own targets, but at least we are profitable again and moving in a positive direction: the company is worth significantly more than it was 12 months ago, with production almost double, better oil prices and the extra margin on the oil that is going through the OBA.

[blackdown2] 02/2/2017 11:37

The downside of investing here - and probably many AIM companies - is that PIs are rarely in possession of all the facts.

[foiledagain] 02/2/2017 11:17

The comment I made was civil, but the reply from Lucy wasn't.

Everyone is entitled to an opinion but if an opinion offers nothing but sarcasm or is a personal attack its reasonable it should receive an appropriate response.

[blackdown2] 02/2/2017 11:10

We are all frustrated by the poor share price performance but let's keep it civil.

[foiledagain] 02/2/2017 10:41

Thankfully I don't give a f what your opinion is.

[lucyp00p] 02/2/2017 10:08

My opinion is that you don't have a clue

[foiledagain] 02/2/2017 09:06

My opinion is that the BoD apart from JW have lost interest in Amerisur which is why they have other companies pushing for lithium, tantalum etc.

The lack of real news, accurate timescales, and couldn't give a f attitude to shareholders suggests we would be better off being taken out by another player and Amerisur should have the for sale sign up.

It might not realise the amount it should or would have done, but for me its the only realistic solution now because of the above.