Amerisur Resources Share Discussion Threads

[tyler durden1] 24/6/2018 15:52

English. good luck on that one, at least you will have fun, but get some very good binoculars or a telescope so you can watch your money disappear into the distance.

You have any idea of how much natural gas is worth in the U.S. Even the little oil that is produced.

Their cashflow doesn't cover their costs, so its even more placings than Amerisur.

PANR is still having trouble with the drilling and unstable geology. Trouble its had from day one.

Amerisur not trouble free, but if you think the potential is at PANR GOOD LUCK.

Hope you have more luck than RH!

Cheap doesn't mean good, but cheap at Amerisur is CHEAP with fundamentals that can multiply it tenfold. They didn't put a 50,000bopd pipeline in for fun, even if its restricted by bottlenecks elsewhere.

CP05 share alone could be worth the whole mkt. cap of Amerisur. Remember they constrained output to 4,601bopd initially and only 10per cent of the nett pay logged was tested.

"After drilling to a depth of 11,556ft, a 7in production liner was run and cemented in the well.

In addition, an interval of 12ft at the top of the 120ft of net pay logged in the L3 sandstone was penetrated in an attempt to conduct a short-term test with a drill-stem-test temporary string.

The test featured natural flow over different choke sizes, in addition to closed-in pressure build up periods to determine reservoir parameters."

[englishlongbow] 24/6/2018 10:40

Moving into PANR which is onshore Texas gas, already producing and has more than 301 mmboe to target.

[lauders] 23/6/2018 14:41

An excerpt from the article that registration is required for below:

“There had been two drilling campaigns there, one in the 1960s, by Texaco, and one in the mid-to-late 1980s, performed by EcoPetrol, and the success rate on those wells was very high indeed,” Wardle says.

“So, the prospectivity was not in doubt in Putamayo.

“We started with one block, Platanillo, where we applied the most modern techniques of 3D data acquisition, and then we started drilling in 2012. Since then, its been continuous with almost 100% success.”

However, with the success of the Platanillo and peace talks that led to a FARC ceasefire, interest in the region grew.

“Before we were ready for growth, the whole area was covered in blocks, and the big companies that had avoided it moved in because they saw our success,” Wardle says.

“We felt a bit dischuffed because we demonstrated what the area could do, but we weren’t in a position to compete with those guys.”

Then along came the oil price drop — and for a number of companies, financial distress and shifting priorities.

Amerisur, however, took advantage of the low oil price environment to make four more acquisitions and solidify the company’s position in Putamayo.

“The reason we were able to take advantage of the low oil price was that we were always very prudent. We had no debt, and our efficiency in Platanillo generated a very large cash balance,” he says. “We started to grow our portfolio and acquired assets or smaller companies.”

Lack of infrastructure
However, the roads were yet to be open for Amerisur. The problem with a region where there has not been a lot of exploration is a lack of export infrastructure.

“If you have to truck oil from the south part of Colombia to the north or central part, costs would be very high,” Wardle says.

“We saw that the nearest pipeline to the Platanillo field was just four kilometres away. Problem was, it was on the other side of a river, and in a different country.”

What followed was a long process and discussions with Ecuador to build 20 kilometres of pipeline to export Colombian resources via Ecuador.

Since becoming operational, the pipeline has already paid for itself through cost savings.

The focus now is to develop Amerisur’s other nearby blocks, where Wardle plans a 14-well drilling programme by the end of the year, continuing to build that "self-sustainable" production.

After years spent in open waters, Wardle says he now enjoys the open road and spending his time off cruising on his Supermoto.

“Good suspension, so agile, like a scalpel — it’s just perfect,” he says.<.I>

[bryet] 23/6/2018 10:57

Good old Amer never fails to let you down.

[englishlongbow] 22/6/2018 18:12

I might sell and go into PANR.

[thegreatgeraldo] 22/6/2018 17:13

FA - When I look at the weekly EIA reports, what jumps out for me is that all the refineries are pretty much flat out.

Quite amusing that any expansion in pipeline capacity will, in the main, be with steel pipe subject to trump's import tariff ;-#))

[charlieeee] 22/6/2018 15:56

No way that ONGC is going to try that.

Listen to the AGM presentation at 11.34 to 12.11 and again at 22.46 onwards.

Indico is the 1st of 3 separate prospects, which each carry a good CoS (offsets and lookalikes to the Mariposa discovery.

Part of a new train of thought which we have eventually applied in CPO-5: before our presence, 3 wells drilled that were not very good.

Then at 22.46

"turned around in 2016"

Started looking for things similar to what you have in Guataquia; Corcel Jatay 1 (highest producing well at 10,000 bopd)

Identified this thing called Mariiposa.....

and the rest is history.

So JW's story is that it is Amer's approach that yielded the success in a block which had previously disappointed.

[underhill2] 22/6/2018 15:50

Not the greatest week for Amerisur as share price drops below 15p. No Friday woosh today!

[foiledagain] 22/6/2018 14:38

Interesting that the Loto wells were unsuccessful production wise, with Mariposa-1 then under drilled finding such a good result with light oil.

Would never surprise for ONGC to utilise an Amerisur tactic, as it could be in their interest to find nowt...although I doubt JW would be fooled by that as its a tactic Amerisur watched and employed at Plat until after they had 100% of it.

[foiledagain] 22/6/2018 14:24

OPEC agreed increase of 1,000,000bopd production, although it is likely to just mean 600,000bbls more, and won't even offset losses by Venezuela let alone compensate for the extra 1,800,000 demand expected.

Shale is getting more likely to be screwed as interest rates rise, and the Permian is screwed by lack of pipeline infrastructure holding it back and shale still can't make a profit at $70.

[foiledagain] 22/6/2018 14:23

Charlie. Tenders even for the wireline had to be in 10 days ago.

Hiring Of For Bundled Service Spage 1 Tender Document For Hiring Of Agency For Bundled Services (Bs-4) For Wireline Logging, Vsp & Mud Logging Services For Two Exploratory Wells Sol-1 And Aguila-1X And One Contingent Well At Llanos Basin, In The Meta Department In Colombia For Block Cpo-5

On that basis the drill tenders would have been sorted by now and likely to be all in hand and quite possibly spudding about to start.

Doesn't say above that its Logging Whilst Drilling, so conceivable that the drilling starts with wireline logging into the open bore where then the latest tender that had to be in by 10 days ago might suggest drilling is wait for it....'imminent'

[lucyp00p] 22/6/2018 14:23

oil just shot up. What happened?

[bad gateway] 22/6/2018 14:06

Thats why I always look for volume on any breaks now. Use to take a chance and they failed far too often on me.
As to gaps depends if its a common or breakaway gap. Even that one you have to discern unfortunately.

[bad gateway] 22/6/2018 13:44

Thanks charlieeee. Good answer.
For my part not short but won't go long whilst i see bearish patterns. Will reconsider if the triangle breaks to the upside on decent volume. Would take that as a decent "go long" given it would be a bearish signal failed.(imho)

free stock charts from uk.advfn.com

[alamaison5] 22/6/2018 13:34

Scaremonger have left? Lets be realistic now. It has touched the bottom and now MMs are playing their famous game again.
Exhaustion.

[alamaison5] 22/6/2018 12:09

dodge city
22 Jun '18 - 10:21 - 10724 of 10726 (Filtered)


0 0 0
Trigger Blade
22 Jun '18 - 10:43 - 10725 of 10726 (Filtered)

The morons are back, lol.

[charlieeee] 22/6/2018 11:57

Bad Gateway

"Any reason for bullish updates next week or so to turn sentiment here?"

Quite possibly.

If you look back at RNSs, sometimes they announce when the drill is spudded and occasionally (such as in March 2017 with Plat 22), when the rig had been mobilised and partly rigged up.

So, we could get an RNS next week for Pintadillo 1, either to inform us that mobilisation has taken place or to give us the precise spudding date: both will now be firmly in their sights.

Equally, either Indico or Sol could be spudded in CPO-5 (tender documents on Sol say the end of June) and Miraparriba-1 is also in the pipeline on Put 8.

Hence the indecision in the share price direction: holders at this juncture are unlikely to sell out in any size if they get a sniff of even one of those activities.

Everyone describes the current share price as an option on the drilling campaign, with none of the upside yet in the price.

[tsmith2] 22/6/2018 09:58

Wish MMs would just flush out at 13.5-14p, this is just tedious!

[bad gateway] 22/6/2018 09:29

Not looking too bullish imo dodge. Volumes low but support under the head and shoulders looks to be having a severe test today. Trending down to the bottom of the bollingers once gone imo.
Watch the moving averages if they turn too then I'd still be looking for the 10p breach.
Any reason for bullish updates next week or so to turn sentiment here?

free stock charts from uk.advfn.com

[alamaison5] 22/6/2018 09:09

dodge city
22 Jun '18 - 08:54 - 10720 of 10720

Lol, seen your post dating back 3 years ago...Been here since what? 34p.
Me, 15.3 average...
I'll keep buying for the future of AMER...You're in past, move on...

dodge city - 21 Feb 2018 - 10:26:44 - 7022 of 10722 Amerisur - AMER
MM scum trying to sucker in mug punters while walking the price down.

POOR YOU!