Amerisur Resources Share Discussion Threads

[bryet] 19/6/2017 11:35

Anyone guess when the share price will hit bottom?.

[englishlongbow] 18/6/2017 18:01

Innovaderma (IDP)

Trading Update due tomorrow, Mon 19/6/2017.

Trading profitably, zero debt and revenues growing at record levels month on month so far this year, with more new products and ranges to be launched throughout H2 2017 and 2018, it is due for a re-rate by at least 3x or 4x and still cheap relative to peer companies.

[bryet] 18/6/2017 15:13

Oilandgas1....please be right!.

[oilandgas1] 17/6/2017 11:05

Where are we at ? ( other than the share price deteriorating!)

1) Cash opex per barrel produced expected to reduce from approximately $26 to $15 once volumes reach 5,000 BOPD
2) reserves increased to around 22m 1p
But we need more to increase our valuation 40mmboe +
3) POO weakness is hurting - down $8 per barrel of pure profit!
4) amer 15-18 month well programme already 3-6 months behind!
5) decline rates being addressed successfully: Amerisur is currently considering other candidates for similar treatments, including Platanillo-20, Platanillo-9, Platanillo-14, Platanillo-12 and Platanillo-5.
6) OBA throughput still appalling < 5k , target is 7k for 2017 . Should be doable!!
7) pad5 wells on hold: Q3: Amerisur have stated in recent presentations that they will be building the Pad 9 to Pad 5 pipeline interconnector next quarter Q3
8) no debt, FCF but Capex now $65m needs to deliver production & increase reserves.
9) RODA pump station .. still no definite news ??
10) game changer potential : Mariposa-1, in block CPO-5 oil flow test results due soon, their best estimate for CPO-5 was 26mb recoverable, net to AMER, though the full range was 35-103-288! (flow test 4.6k (30% with ONGC (70%)). interpretation of the short term test data due)

Buyout of Amer in 6 months 36p to 70p ??

[blackdown2] 16/6/2017 15:22

Never been away.

[laptop15] 16/6/2017 15:19

Is the seller back??

[bad gateway] 16/6/2017 13:52

They consider the news exciting apparently..

ONGC Videsh comes across good oil and gas shows in Colombia
Dated: 05 May 2017 12:09:28 PM

ONGC Videsh has encountered exciting result in its well Mariposa-1 which is under drilling in CPO-5 block of Colombia. ONGC Videsh is the operator of the block and holds 70% P.I. and Amerisur Resources holds the remaining 30%.

Drilling commenced in the well Mariposa-1 on 24 March 2017. The well was directionally drilled to a total depth of 11,556 feet (MD). Electric Log analysis indicates the presence of approximately 120 feet of oil saturated net pay in the Lower Sands Unit 3 of the Une Formation. Good hydrocarbon shows of oil and gas were also encountered while drilling this section. The well is currently under conditioning to run and cement a 7” production liner in order to initiate the testing program.

Corporate Communications,
ONGC Videsh Limited, New Delhi
hxxp://www.ongcindia.com/wps/wcm/connect/ongcindia/home/media/press_release/ongc-videsh-comes-across

[al101uk] 16/6/2017 13:18

Anyone wondering why there is no corresponding news from ONGC over the Mariposa-1 well might consider that they are due to drill 501 wells this year... 3 RNS's per well which is pretty normal for Amerisur (spud, target depth, test results) would drown investors in ONGC ;-)

[lucyp00p] 16/6/2017 12:35

Don't tell me, tell them!

[juuunx2] 16/6/2017 11:20

Lucy..the blue touch paper has only just been lit, it's just a very long damp fuse :-) you'll get your helicopter

[laptop15] 16/6/2017 10:40

Didn't think we would see these levels again, seems to be a lot selling

[dayway123] 16/6/2017 08:58

Exactly where are Amer up to with negotiations to RODA output restrictions. And If and when remedial works are completed to the pumping station, what new throughput figures will that provide and at what cost. Answers Amer seem to want avoid releasing.

[quidnunc] 16/6/2017 06:47

Anyone wanting details of Brian's funeral and wake on the 25th, pm me.Q.

[lucyp00p] 15/6/2017 23:31

He didn't imply OBA theft just that all other methods aside from trucking were prone to shrinkage. The problem with extra production is that it goes nowhere once the storage tanks are full. That's why the share price and output numbers are going nowhere....well down actually in line with the oil price.

[tonyrelaxes] 15/6/2017 23:00

At the AGM JW did talk about theft from pipelines.
If so, someone has a better distribution system for it than us!!

[bigwavedave] 15/6/2017 21:26

So, where is this extra production going?

[royfd] 15/6/2017 15:42

Lgo has been re-branded as COLUMBUS ENERGY RESOURCES (CERP)under new managementlead by
Leo Koots (CEO).

[westmoreland lad] 15/6/2017 15:40

Was changing it's name I think Lucy. Try googling it.

[charlieeee] 15/6/2017 15:40

It is now Columbus Energy Resources, Lucy. (CERP)

[lucyp00p] 15/6/2017 15:35

Does anybody know why LGO has disappeared from my monitor?

[shalimar] 15/6/2017 15:30

Malcolm Graham-Wood tips Amerisur in his 5 oil stocks picks on II, expecting it to return to previous highs. (Five Oil Share bargains, video)