Amerisur Resources Share Discussion Threads

[harrisun] 23/2/2018 22:17

Boris. WTI now $63.57

[bryet] 23/2/2018 16:37

Finished BLUE!!.

[roth] 23/2/2018 16:32

Games not over yet - still knocking it back just before the close!

[moneylender] 23/2/2018 15:44

Bad gateway, welcome and good timing I think, EOY results just around the corner
and we should see a maiden profit circa $25M plus!

[bad gateway] 23/2/2018 15:28

Thanks for the posts on this one all.
Picked a few up this today on the back of the falling volume and indecisive csndles the last few days.
May have a falling wedge playing out too though needs a volume breakout to confirm.
Hoping for a rapid resurgence of the share price next week.
ATB.

free stock charts from uk.advfn.com

[lucyp00p] 23/2/2018 14:59

Careful Tony or you'll be on one of those lists

[davwall] 23/2/2018 14:58

ML - In my defence that must have included road transportation, I was only talking about OBA transportation...

[moneylender] 23/2/2018 14:52

davwall you gotta keep up, Sep 17! ;-)



That netback is now more like $45 a barrel today!!!

[tonyrelaxes] 23/2/2018 14:48

That's it. Getting dark. I'm off - TFIF starts early, being a Public Holiday.

Army Day!
How they love to invent outside threats, enemies and aggression to brainwash the masses at home into unity under the Leader. Oh, stupid me, I forgot - its the 6-yearly Coronation on 18 March.

O/T rant over. Cheers!

[davwall] 23/2/2018 14:42

I took that figure from the chart on page 16 of the Investor presentation Feb 2017...

[moneylender] 23/2/2018 14:21

Thanks guys, 12k target for 2018 would sound right.

davwall not sure I agree with your $3.25 oba costs tho!

[davwall] 23/2/2018 14:11

I agree 12k this year has been mooted by the company - maybe it was mentioned in one of the interviews by JW/GC.

[acv74] 23/2/2018 14:07

ML I believe the targets in one of the presentations from 2017 was 12k 2018 and 20k 2019.But I think this was from their own production and did not include CPO-5 (as I think the 7k target for 2017 was supposed to be).I may be wrong with the above but this is my recollection.

[davwall] 23/2/2018 13:45

Amer's presentations have stated $3.25 bbl transport cost via OBA and

Opex /bbl $15, net production cash netbacks $30 /bbl assuming $45 oil...

[moneylender] 23/2/2018 13:43

on a different note, given that we hit 7k bopd in Dec 2017, what
is the target for end on 2018? I cant seem to find it.

[moneylender] 23/2/2018 13:23

I thought it was transport costs (opex) were $15 a barrel

[laptop15] 23/2/2018 13:19

Yes there capex is $15-17 a barrel so currently making a huge margin with WTI in the 60s.70-75% gross profit on a barrel is huge or in cash terms $45-$47 a barrel....multiple this by 7000 bopd and bingo....lots of $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$No wonder dividends are rumoured

[al101uk] 23/2/2018 12:52

ac74,

depreciation, amortisation and capital expenditure... the development costs (drilling) will be moved to the balance sheet.

As you say profit and cash flow are very different things.

[acv74] 23/2/2018 11:51

I don't think their break even point is $45 oil, i think that they make profits and are significantly cash flow positive at that level.What I believe they said is that the cash generated by $45 oil would finance 16 drills in 2018 with no need for further funding. So effectively break even on a cash basis but with 16 new drills done.Obviously cash and profits are two different things as profits factor in depreciation, amortisation etc, but still a healthy position when we are at $65 oil rather than $45 oil.Really from a fundamentals point of view we should be flying. But the stock market can stay irrational longer than you can stay solvent et al.

[naplion] 23/2/2018 11:51

Big sellers in the books explains why all these buys and price not moving and bid not moving

[laptop15] 23/2/2018 11:31

Going forward lucy for this year the sales figures look very strong....https://twitter.com/laptop1515/status/964449415292387328

[juuunx2] 23/2/2018 11:12

Yes agreed Chris. I think this will have a steady rise towards results. A good monthly production increase would help.

[laptop15] 23/2/2018 10:53

Quidnuc....i suggest you do the maths if u think they won't annouce profitability....my workings could be slightly optimistic but even if u half the profit AMER should make easily $20-30 million profit for the full year results.https://twitter.com/laptop1515/status/965179053681594370