Amerisur Resources Share Discussion Threads

[alamaison5] 19/6/2018 09:05

Thanks for letting us know. I doubt that it will get filed, sorry.
The bid keep creeping up from 15.38p.
Our new broker is moping up...
I am not, and never been, into conspiracy theory but there is some weird movement here. Especially since last Thursday.
Only yesterday the price jumped from 15.4p to 16p+ in 1/2 sec. Like if we had posted an RNS.
What to expect? Takeover, new license, asset purchase, share buyback, tapping the market for fresh money for acquisition, fund manager accumulating...?
There is something going on behind the scene, but what?
Also, now the sells match the buys, at least for now. The previous day we've had a lot more sells on the bid.
Therefore, much more stable.

[jotoha2] 19/6/2018 08:54

15 /15.5 should be done by tomorrow .

[alamaison5] 19/6/2018 08:46

jothoa: at what price is your order?

[foiledagain] 19/6/2018 08:43

Let's see how easy it is for you to get those shares, as every time I've had a substantial order, its not been at all easy to fill even though there are clearly shares in the market but it seems a reluctance to dish them out.

[rollthedice] 19/6/2018 08:42

@Foiled. I didn't say anything was dire on the production side and even if Platanillo was in serious decline AMER has other licences adjoining which could be feed through the OBA justifying the investment. Nor is well maintenance a negative if it prolongs well life. Failing to plan (OBA pumping capacity) or protecting your cashflow (hedging) are not positives.

What's the maxim? ~ it's better to under promise/over deliver than over promise/under deliver? AMER should have trailed the dip in production in advance (it's not that they can't have seen it with falls 4-5 months in a row) and given the market some realistic benchmarks for production so that market can price accordingly rather than running for the hills each month!

[jotoha2] 19/6/2018 08:39

Lets be positive here , chart is saying a very good chance of rising straight to 27p within a 3 week window , that should make you lot smile. Just put an order in for 400k

[foiledagain] 19/6/2018 08:31

roll. I think you need to look at your own argument.

Why are they even bothering to upgrade the OBA? How much more oil based on production could they have pumped through it previously or after the upgrade if its so dire?

Why build a pipeline capable of shifting 50,000bopd?

Why CHOOSE to do take wells offline for well maintenance if its so crucial to hike actual production figures?

The waxing up excuses are pretty lame, not because its rare, but because waxing up is one of the most common problems occurring in virtually all oil wells throughout the world, and in pipelines where often the design of the pipeline mitigates any wax buildup.

As for the rusting up of casing/components etc., that can be quality issue on the steel and if there were several suffering the same consequences then look at the supplier for a remedy or change them.

[foiledagain] 19/6/2018 08:31

roll. I think you need to look at your own argument.

Why are they even bothering to upgrade the OBA? How much more oil based on production could they have pumped through it previously or after the upgrade if its so dire?
Why build a pipeline capable of shifting 50,000bopd?

Why CHOOSE to do take wells offline for well maintenance if its so crucial to hike actual production figures?

The waxing up excuses are pretty lame, not because its rare, but because waxing up is one of the most common problems occurring in virtually all oil wells throughout the world, and in pipelines where often the design of the pipeline mitigates any wax buildup.

As for the rusting up of casing/components etc., that can be quality issue on the steel and if there were several suffering the same consequences then look at the supplier for a remedy or change them.

[rollthedice] 19/6/2018 08:18

Foiled... their forward guidance tells you they have, the need to spend more on a pumping station after the fact does, the need to close down production because they hadn't hedged production. I don't disagree that their subsequent management of the situation they've left themselves in hasn't been all bad.

Like any other holder I'm hoping they can pull a few rabbits out of the hat to turn things around and generate some positive momentum but it's a long time coming with share price on downward trajectory for years now.

[foiledagain] 19/6/2018 08:10

roll

who says the BoD have been 'caught by surprise by the issues'?

Seems to me they are using those issues rather than being caught by surprise by them.

JW before we even got 100% of Plat knew of the water cut that he was convinced he could solve and after gaining the 100% that issue mysteriously disappeared until recently and in a similar news drought manner that occurred prior to Amerisur's 'steal' of Plat.

If this is not major institutions selling, then why not if the news is as bad as some believe? Why would major institutions stick with a BoD in that scenario. They wouldn't.

Something else is at play imo

[rollthedice] 19/6/2018 08:04

A bit unfair that enkeltje28. Many of us have a pretty good understanding of the basics of e&p without claiming to be experts. What's disappointing with AMER is BoD seemingly being caught by surprise by the issues. There seems to be little in the way of foreplanning whether it's the lack of pumping capacity on multi-million pound pipeline, increased maintenance of existing wells, falling production without new licences being brought into production to compensate, lack of oil price hedging.... and then there's the lack of reporting or forewarning the market that works are planned in advance so that market doesn't freak out!

[foiledagain] 19/6/2018 07:54

What a shambles this bb is at present, with orchestrated teams deramping Amerisur which strangely I find comforting.

On output though, a drop from 7,000 to 4,800bopd is not through depletion. Far too quick over far too short a timespan.

Even shale production doesn't decline that quick.

That said, there have been millions of shares up for disposal from those organisations removing Amerisur from its holding and combined with RH situation still imo represent iceberg sells.

Add to that Beaufort Securities where disposals of shares there with the majority being AIM where £100m bill by PwC can't help.

Well maintenance was chosen by Amerisur, presumably JW, and the arrival of a water cut problem after so many denials looks strange indeed, especially on several wells at the same time....I don't buy that scenario.

Still looks like a company not out for good news, in the face of iceberg order now added to by the above. as otherwise we would get a lot of holdings announcements from major holders and the BoD would be pressed by those holders....but nothing.

[enkeltje28] 19/6/2018 01:05

Is there anyone on this board who actually knows anything about the oil business? I am not talking about the rampers like laptop or the long term holders. Every other person on this board is an expert? But they don't understand the difficulty of operating in an hostile environment nor simple principle like depletion, maintenance and government suppression. It's time to focus on the fundamentals and the attractions of good oil field practice, like reservoir management. You armchair oil field experts need to take your life savings and buy some premium bonds, you just don't understand oil e&p

[tonyrelaxes] 18/6/2018 23:31

Can the 'old farts' (and fartesses) have our thread back please.

[shakin not stirred] 18/6/2018 23:26

Production down on consecutive months probably will be 4 months once June figures are released and need extra 2000 bopd just to get back to Christmas 2017 figures. So massively down on bopd and behind on drill programme for first 6 months.Facts and see what you all make of what seems to have been a rather rapid decline and the only saving grace is that oil price has improved substantially luckily for us all otherwise IMO this would have been sub 10p gla.We have hit a brick wall and seen a reverse in momentum.

[alamaison5] 18/6/2018 17:46

The man who always wanted to be right, lol:

alfieduncan - 15 Jun 2018 - 12:03:06 - 10515 of 10578 Amerisur - AMER
Thk goodness I won`t have to plough through the multiple posts of unfiltered whatevers.
Lovely to see us reverse the trend.
Wasn`t expecting that to happen so soon.

[alfieduncan] 18/6/2018 17:40

They`re not large trades and look more likely to be sells.
Wishful thinking won`t make this go up.

[alamaison5] 18/6/2018 17:27

All of these trades are after hour. Big buying in the background chaps...As I said, pure manipulation.
You'll see some blue tomorrow...

18-Jun-18 16:35:23 Price 15.5786 172,732 Buy*
18-Jun-18 16:52:24 Price 15.7103 100,351 Buy*
18-Jun-18 16:52:57 Price 15.683 18,900 Buy*
18-Jun-18 16:53:10 Price 16.24 50,000 Buy*

[podgyted] 18/6/2018 17:23

Well.......... that was fun.

I only still hold these 'cos it's like supporting your local football team - painful but it has to be done.

[gregpeck7] 18/6/2018 16:57

Nah it’s just going down.. another great alamaison trade. Alamaison in, everyone else get out quick!

[alamaison5] 18/6/2018 16:20

To me this is orchestrated. I have checked and there is no short. It's purely manipulated...

[underhill2] 18/6/2018 16:06

Unfortunately at present the share price is only going one way. Whilst Im holding for the long term its hard to see whats going to stop this continual downward spiral other than a takeover or a very successful drill