Amerisur Resources Share Discussion Threads

[juuunx2] 08/6/2018 15:47

You filled your boots so many times they must be overflowing more than the rivers in the Putumayo....

[kerri28] 08/6/2018 14:43

Even Steven by cob or there abouts. Was and is a good buying opportunity

[kipper62] 08/6/2018 14:03

Malcy states ' If you combine this years substantial revenue...'As I remarked earlier today, exceptional cash created may be so, but where is the shareholders' value? Having held large quantities of these for years, the only real return I have seen for my investment is when I have traded quantities on the many dips created by a wary marketplace, while watching the share price sink further and further.

[kaos3] 08/6/2018 13:27

assets either perform or they do not. if they do not it is either quality of the assets or of the management.

[thegreatgeraldo] 08/6/2018 13:16

I think Malcy's not too far off & the above post is a much deeper than his standard re-hash of an RNS. Niggling doubt about the water cut though.

$8 or so a barrel really is too low though

[lucyp00p] 08/6/2018 12:52

Well I plundered the panic stricken for another bucketload this a.m. at 15.67 ps. I think the movement on the pumping station is encouraging and everything else is operational noise.

[homebrewruss] 08/6/2018 12:36

Malcy today:

'Amerisur Resources
Sometimes there is just too much data around which can obfuscate the longer term message, in this case seeing monthly data from each well from AMER is fine but can create unnecessary panic. Today’s news from the company is a case in point, we knew that there was a rolling programme of treatment and maintenance ongoing and also that it was being successful, that didnt stop the market from banging the shares as the raw data was assessed.

May production of 4,807 b/d was indeed down and a peak of 5,344 b/d didn’t seem to help offset the gloom however well it was explained by the good Doctor. The 6 well had seen some increase in water cut which is being investigated but the treatment on both the 11 and 20 wells was effective. The 21, 22 and 24 wells are now being reviewed for intervention but this should come as no surprise, in his latest presentation JW stated that ‘some sleeve erosion’ is inevitable but also treatable.

The excitement for AMER in coming months is the drilling campaign across three or more important areas of the acreage. There is a modest delay to the Pintadillo-1 well due to appalling weather conditions but a July spud date is expected, both the other wells at Indico-1 and Miraparriba-1 are still on schedule for Q3 2018.

Whilst I can understand that these monthly figures look disappointing, a 14% fall in the share price from an already remarkably low number is difficult to reconcile. If you combine this years substantial revenue with the ongoing and largely successful work on the wells, with the potential for one or all of the big prospect wells to come in then AMER looks like very attractive option money to me at this level.'

[underhill2] 08/6/2018 12:28

A takeover is urgently needed here. Current Management have lost the plot. When was the last time we had good news here.I will continue to hold but wont be adding. The future here is in the new drills. Planatillo is no longer the Jewel in the crown. Its value is declining.

[boris cobaka] 08/6/2018 12:26

Shame.

Roll on June figs.

[tsmith2] 08/6/2018 12:24

Malcy doing best what he gets paid to do.has v little credibility left imo

[kaos3] 08/6/2018 12:20

current assets not good - new drilling urgently needed
current management not perfect - management upgrades do not work
some oil Cos perform - some do not - there always a"because" can be found
value realisation - TO

[underhill2] 08/6/2018 12:15

The IC is like Malcy best ignoredNo doubt puppet Malcy will put a good spin on todays news like he always does.

[rollthedice] 08/6/2018 12:05

An IC buy signal really is like kicking a falling share when it's down!

[grahamburn] 08/6/2018 11:47

From Investors Chronicle daily round up:

Shares in Amerisur Resources (AMER) were marked down heavily following news that Platanillo field production has been constricted by the ongoing treatment and maintenance programme, together with a reduction in production from certain key wells due – in some cases – to an increased ratio of water compared to the volume of total liquids produced. Remedial measures have been undertaken, but there is still widespread flooding in the Putumayo basin. Unfortunately, grist to the mill for oil producers. Buy.

[juuunx2] 08/6/2018 11:33

Good time to but Dodge you know you want to. Come and join the trip after all they need some aceed on the wax :-)

[knokke1] 08/6/2018 11:25

Update: the shareholder barbeque is running a little late, the steaks were last seen heading due west, page 3 middle row, left hand picture. There is a risk of further delay as unfortuanately, a key member of the barbecue team was accidentally cemented in place at CPO-5 (page 3, middle row, RHS).

[knackers] 08/6/2018 11:20

Boots are quietly being filled. Now is the perfect time to buy into the forward programme and some mouth-watering prospects in that.

Even with these poor production figs AMER continue to throw off plenty of cash. I expect to see the POO firm-up in the coming months - oh, and the weather to improve..!

[Get a grip]

[acv74] 08/6/2018 11:06

Yes it was fairly clear that the delay meant bad news. I had thought that once we reached 7,000 in December we would continue to progress from there, with drills in Q1 and Q2 bringing new production online, alongside maintained existing production of 7k.It is wholly disappointing that existing production is significantly lower, and that Q1 and Q2 have been pretty much completely wasted on the drill front.It's all becoming rather tiresome and the share awards ever more crass. the next 12 months are more than huge and JW and the others need to show that they deserve their huge salaries, bonuses and free shares.Let's have some jam today for the shareholders, not just the directors.

[ladeside] 08/6/2018 10:45

Charts can't predict the future but they can give you a very accurate reading of sentiment and using historical models can also provide very good pointers to future price movements and resistance points.

Like everything, if RNS statements are not entirely accurate and macro events cause further shocks then there's really not much anyone can do.

I'd also add that having been in Amer / Chaco for many years, that guys such as TDH & marnewton have been right, far more often that they've been wrong..........

[fsawatcher] 08/6/2018 10:44

my brother paint his sah windows in pink paint that turn white cos he not got good eyes so he wot to see where he goin

3 year later it still pink coz it not turn white

he got dodgie can

it take him long time to paint

amer shareholder given pink paint and told it turn white but it dont