Amerisur Resources Share Discussion Threads

[al101uk] 12/4/2017 09:19

The only secrets I've heard, didn't come from ML ;-)

[charlieeee] 12/4/2017 09:11

Awaiting the Plat 22 update and the announcement of the second well in that area.

On the 27th March, they were already "drilling ahead" the Mariposa 1

"The well Mariposa-1, in block CPO-5 has spudded and is drilling ahead. The well is expected to be drilled to 12,880ft measured depth in approximately 38 days. This well is operated by ONGC Videsh. The Company will provide a further update on completion of drilling operations".

Loto 2 to a similar depth only took 20 days.

Very much being underplayed (in contrast with the exuberance back in June 2015 re Loto 2),so a real bonus if successful. Perhaps part of the new under promise over deliver strategy or maybe tempered by the Loto 1 re analysis: in any event, not really part of the core strategy as not part of the OBA cluster or wider Putumayo acreage.

Oil prices looking favorable and that is good, given the steady increase in production.

[jonnycash1] 12/4/2017 08:07

Nice to see a bit of consolidation before the next big push over the 23p level. When are the next drilling results expected now?

[tonyrelaxes] 12/4/2017 00:27

Oooo... Secrets!

[al101uk] 11/4/2017 13:06

ML, you have mail.

[moneylender] 11/4/2017 12:43

al101uk, have PM'd you

[bigwavedave] 11/4/2017 12:32

I half hoped Malcy would provide some feedback from yesterday's conf. call. But nothing in his latest blog so I guess we'll have to whistle.
I wonder if Rex dialed in from Monaco.

[blackdown2] 11/4/2017 12:02

Looks like the seller(s) is/are still around.

[blackdown2] 11/4/2017 09:59

It's 36 to 29 rather than the other way round.

[oilandgas1] 11/4/2017 09:47

Barclays 29 to 36p makes more sense than cantors 45p for 2017.

[blackdown2] 11/4/2017 09:43

Interesting that Barclays have reduced their target from 36 (Jan '17) to 29 now. Not sure how these guys do their calculations, but surely things have moved on since the beginning of the year.

[tsmith2] 11/4/2017 09:29

Does look like our seller has cleared/nearly cleared

[lucyp00p] 10/4/2017 22:42

Chassis? Are you sure you don't mean Cassis?

[big7ime] 10/4/2017 19:24

Any news from the presentation?

[brucie5] 10/4/2017 18:02

valentine
10 Apr '17 - 17:51 - 690 of 690    0   0
A good war in middle East
-----------------------------------------
Careful what you wish for. No such thing as a good war. For anyone.

[valentine] 10/4/2017 17:51

A good war in middle East abutting Turkish border endangering port of merson/ceyhan where Iraq oil gets exported from. Fox in the hen house style. GC must be licking lips at prospect of tavuk kabab a la carte for the AGM.

[marnewton] 10/4/2017 17:46

Yep, quite a good day chart-wise, though an indifferent daily candle after the UT.

We're butting up against horizontal resistance, a two day breach of which confirms the double bottom.

We also closed just above the 50 day SMA (falling, so resistance) for the first time since mid-January.

M

[brucie5] 10/4/2017 17:37

I would say 25/26 level is probably achievable short term, on the chart.

[francis55] 10/4/2017 17:11

This is my longest hold ever as over a year ago it fitted into my system of picking stocks which is typically;Preferably no debt.No more than 12 x profit to market cap.Profits rising.10% stop loss so has it dropped more than 10% in one day?Outlook positive. Can I make preferable 50% profit within 3 to 6 months?Amer ticked all the boxes but I did not get to 50% but sold at 32p and made 29%. I bought back in as I know i can make 30% on most of my shares but come 24p i am out of Amer as its costing me money by tying up my capital that can make me money elsewhere- anyone else in a similar situation?

[broncowarrior] 10/4/2017 16:33

No debt and very low opex. Any significant move in the oil price upwards and this looks very cheap indeed. Most of these companies are saddled with mountains of debt. All free cash flow here can be spent on the drills.If we can get through 23 and hold we should be on our way again.

[westmoreland lad] 10/4/2017 16:29

al101uk
10 Apr '17 - 14:33 - 679 of 684 0 0

WL,
You planning on asking the question?

Al -- just spoken to ML who will ask the relevant questions in my absence.

[tsmith2] 10/4/2017 16:00

Wonder if we get upgrade from peel hunt

[valentine] 10/4/2017 15:10

Will GC be wearing a tophat and white gloves at AGM and the corporate broker whispering sweet nothings in pi's ears again this year? Tommy Cooper-like. Jus like that?