Amerisur Resources Share Discussion Threads

[lucyp00p] 22/2/2018 00:33

Or that he can't read financial statements

[lucyp00p] 22/2/2018 00:32

Or that OBA costs are fixed at $60,000 per day at present levels of throughput

[lucyp00p] 22/2/2018 00:30

Don't tell him about the $15mm write off for Paraguay in 2016 whatever you do.

[al101uk] 21/2/2018 22:25

seismick,

Operationally, Amerisur were running at negative cash flow of about $3 million in 2016 (the last full year results) when the average oil price was $43 per barrel. Average daily production was 3086 bopd, making the loss per barrel somewhere in the region of $1.

It was only at the end of 2016 that the OBA came online which reduced lift and shift cost per barrel from $26 to $15 (a saving of $11 per barrel), the remainder of the year was spent slowly increasing throughput from an initial rate of 1500 bopd.

The 2017 oil price averaged $54 per barrel ($11 per barrel higher) with an ever increasing percentage of our production being shipped through the OBA at a lift and shift cost of $15.

So you've established that the company made a loss in 2016. Now take a little bit more time to work out the likelihood of the company being profitable or loss making in 2017 and then 2018, the period most people would have an interest in... what do you think?

To make it even easier I'll tell you that the average for a barrel of oil so far this year is circa $69 and the lift and shift costs are almost all at OBA rates of $15. I'll also tell you that you can assume central costs coming in around the $12 million mark and production levels are markedly up from 2016. The company is debt free, so no finance costs and the company planned for being fully funded at $45 per barrel with a fairly comprehensive drilling program.

[value viper] 21/2/2018 19:56

sounds like what penelope cruz has to me

[farview1] 21/2/2018 19:36

What is a serious top zone ?

[broncowarrior] 21/2/2018 19:11

This is entering the serious top zone. It has dropped 25 percent in a month on nothing at all. Lack of purchasers for whatever reason.

[boris cobaka] 21/2/2018 18:00

So at last a close below 16p and a bit of a pick up in volume to support.
Any kind of bounce from here watch the volume, but i suspect we'll see a further gradual fallback much like we have recently until it gets to below 15p. Then i could see the pace picking up a bit aswell as a much greater volume.

It's like the script has been written for this. Handy if you have a copy.

As for tyler - well it's not a false market and there's no law about selling stock one owns. The problem for amer is it can't generate enough buy interest to counter the sell pressure. The real question you should be asking is why is that the case if all is hunky dory...

Interesting times ahead. Watch those stop levels.

[seismick] 21/2/2018 17:30

Errr don't be silly EY, look at the last set of figures!.

[eddie_yates] 21/2/2018 17:19

Seismick
This company ain’t operating at no loss

[francis55] 21/2/2018 16:46

Iv not even read the strings on this for months but i bet its the same mugs sprouting the same excuses and jumping on anyone who even remotely takes this BOD to task. I have said for 2 years once you buy this share at a reas9nably low price sell at 20% to 30% profit as it always looses traction there after..Take profits I say, take profits...

[farview1] 21/2/2018 16:20

You may be right, but I would be surprised if all our major shareholders see their holdings in AMER (circa £10 to £20 million) as a minor punt which has given them no return on capital so far. If you are right then it is no wonder that they haven't stamped their feet & shaken up the Board.Maybe some of the larger players on this BB should lobby the IIs ?

[seismick] 21/2/2018 15:55

Last set of financials weren't very good, all very well producing oil but operating at loss isn't that impressive. Someone keen to get out of it also not helping.
10p lows hopefully wont happen though?.

[dodge city] 21/2/2018 15:40

You can set your clock by the movement of the share price.

[bryet] 21/2/2018 15:31

Drip drip drip drip down where is the bottom?.

[tyler durden1] 21/2/2018 15:30

Enough is enough

[moneylender] 21/2/2018 15:18

All fully funded! Not many oilers can boast that on 16 wells.

"Amerisur is well positioned with a strong balance sheet to further build on our successes to date and continue to grow production and reserves. Our broad portfolio provides the Company with a significant amount of flexibility with the drill bit to ensure we continue to deliver value in the current oil price environment. We remain very busy targeting up to 16 gross wells by the end of 2018 focusing on Pad 2N, Putumayo 9, Putumayo 8, CPO-5 and Putumayo 12, together with the N Sand anomaly wells on Platanillo, all fully funded from existing cash resources and cash generated from activities at $45 oil."

[dodge city] 21/2/2018 15:13

There goes the 3 oclock slide bang on schedule.

[moneylender] 21/2/2018 15:10

Here's one prize!

[westmoreland lad] 21/2/2018 14:51

ML -- what's the prize to the winners ?

[moneylender] 21/2/2018 14:43

Lots of those "sells" are in fact buys. Big boys games being played here.

[charlieeee] 21/2/2018 13:58

Agree, Davwall. From the tenders, Sol 1 is only 1 or 2 months behind Indico and the contract for civil works on Indico will have been signed by now.

Geographically, Indico and Sol are quite close, so looking like back to back wells, up dip from Mariposa.

If only the Colombians would sign off on the environmental extension and the Put 8 well from another block, we could be looking at multiple wells in short order.

[kaos3] 21/2/2018 13:35

RH is not vasting a good profit because of his feelings. something else. what?feelings against management? I doubt it. Ecquador? Selling trouble? Consistent selling for a cheap TO? etc. Time Will tell