Amerisur Resources Share Discussion Threads

[charlieeee] 10/10/2017 11:44

It is more likely to be connected to the plan to float Aramco next year. They need to push up oil prices up for that, in order to achieve the best possible price for a one off disposal of Saudi Arabia's "crown jewels", part of a plan to fund diversification.

Temporary loss of revenue is of far less consequence, so oil prices will rise, if the float is to go ahead.

[the drewster] 10/10/2017 10:48

When you read such stories it does give a smidgeon of credence to the stories that oil stocks in the ground aren't all they are claimed to be out east.
Intriguing.

[westmoreland lad] 10/10/2017 10:42

Could we also see $70 oil early 2018 ?


Saudis to Make Deepest Cut to Crude Supply Despite Strong Demand

By Nayla Razzouk

October 9, 2017, 10:17 AM EDTOctober 9, 2017, 5:00 PM EDT

Aramco plans to cut 560,000 barrels a day from November supply

Kingdom urges producers to comply at “high levels” with limits

Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies in November to help reduce global inventories and balance the market.

State-run Saudi Arabian Oil Co., known as Aramco, will make an “unprecedented” cut of 560,000 barrels a day in its allocations to customers next month, the Saudi energy ministry said in a statement. Aramco plans to supply 7.15 million barrels a day “despite very strong demand” that exceeds 7.7 million barrels a day, it said.

[laptop15] 10/10/2017 09:39

2 bits of news due of which i believe Will kick the share price into the mid 20s

[laptop15] 10/10/2017 09:38

SP to push up ahead of news i believe?

[tsmith2] 10/10/2017 09:36

Boris Cobaka - 10 Oct 2017 - 05:48 - 4497 of 4499 - 1will that be expensive?Are the decline rates on the existing wells forcing them to ramp up faster than originally planned?No they are ramping up production using free cash flow.

[davwal] 10/10/2017 08:56

Well at least my investment in PANR is showing signs of life this week. Up about 17% so far. Come on AMER,you can do it...

[boris cobaka] 10/10/2017 05:48

will that be expensive?

Are the decline rates on the existing wells forcing them to ramp up faster than originally planned?

[tsmith2] 09/10/2017 23:37

look at how many wells are planned to be drilled in next 18 months..you can see the ramp up.

[al101uk] 09/10/2017 23:05

acv74,

Not disputing the potential, I'm hoping 20kbopd is more like 1-2 years away and I'm hoping that volume will assist in profitability.

We did $7.7 million of operational free cash flow at interims on average production of 4475 bopd.

Cost of sales was 83% of revenue, cost of sales comprises: cost of operations, transport costs, inventory movement, high prices tariffs, royalties and depreciation.

Depreciation was $7.8 million and is the main element that is removed from the accounting loss to reach the operating cash flow gain.

The net assets of the company are currently shown to be worth around $206 million.

A market cap of £233 million for our current balance sheet with the potential carried in our prospects appears to be where the real value is and I think is probably a better place to start concentrating valuation metrics. This is especially the case when they use the resource report from the beginning of the year to assess depreciation.

[toptrump1] 09/10/2017 22:46

Added more today with profits from JOG
These'll be £1 within six months
Most undervalued producer
Best prospects
Fully funded
No debt
Rising oil price

Won't sell under £2

[marnewton] 09/10/2017 17:47

Hi Q.

Ta muchly;¬)

Momentum certainly seems to have stalled today, right on chart resistance.

So, rather than turning up (as hoped for from this morning's price action), the 8 day EMA continues to flatline - no purchase today, boris.

Cheers,

M

[acv74] 09/10/2017 17:25

My numbers are not intended to be cast in stone, just to show the vast potential that may only be 2-3 years away.

[quidnunc] 09/10/2017 16:49

Martin, on Ichimoku, its gone through the clouds on the "gap" and the two following days and then, over the last week, used the cloud as support.

Both Tenkan and Kijun lines have gone through too which is pretty bullish although the Chikou lagging line remains between the upper and lower limits and might suggest a prospective weakness if the momentum drops away.
Q.

[al101uk] 09/10/2017 16:46

I can't even be bothered correcting this any more...

£1.38 per share.... Wahoooo!

DP, yeah like that's the only thing wrong with his assumptions ;-)

[boris cobaka] 09/10/2017 16:44

wonder if marne bought in. V close to that 8ema.

[boris cobaka] 09/10/2017 16:36

dp a fair point but it kinda tramples on the uber bullishness. Please cease and desist...

[acv74] 09/10/2017 16:21

A fair point. But the 20k target Amer have mentioned was (I believe) based on the production at Platanillo only and doesn't include anything at CPO-5.Please correct me if I'm wrong.On that basis we could be looking at another 10k on top, or a nice one off capital sum if ONGC want to take 100% control of the asset. I thought JW batted back malcys question about our share "not being for sale" with a glint in his eye. It could be a fantastically valuable asset.

[deeppockets] 09/10/2017 16:11

Acv, tell me when they ever do a whole month without a day lost let alone 365 days? Perhaps use 75% if days per year

[acv74] 09/10/2017 16:04

I should have said with my numbers, also divide by 1.2 billion to get a price per share

[acv74] 09/10/2017 16:00

I feel we are making steady progress here and 20k is pretty much inevitable if not immediately imminent.

[acv74] 09/10/2017 16:00

The numbers don't lie here guys...in the medium term our target is 20k per day and our profit per barrel is $30 at current levels.Multiply 20k x $30 x 365 days x a PE of say 10, divided by 1.3 to convert to sterlingYou get a very big number.

[boris cobaka] 09/10/2017 15:36

Yeah MGW had multiple orgasms over gkp....
We know what happened there. Must've been faking it.