Amerisur Resources Share Discussion Threads

[boris cobaka] 17/9/2018 12:02

notimp - soz for delay. At the moment it just looks like more of the same. The sp's been in consolidation mode since mid June and it's done well to hold above 13p. Until Rexodus is over it may just continue but I wouldn't be surprised to see a sudden pick up in volume when he finally completes the offload. It'll likely be taken down in an effort to shakeout as many as possible and i'd look for the share price to undercut support.
Just a matter of when.

[alamaison5] 17/9/2018 11:49

Last reminder before with hit the N sand:

The N sand formation was tested and a total of five feet of the 12 feet net oil play was perforated, with 340 barrels of oil per day (BOPD) of 18.0 API (American Petroleum Institute scale) subsequently flowing in the test.

“The test of the N sand was very positive, and since this test is located at some 3.4 km from the only other N sand test in Platanillo-2ST1, it gives further support to our view of an important resource existing within that unit which we will continue to define and develop over the next few years,” said John Wardle, chief executive officer of Amerisur.

[boatman123] 17/9/2018 11:45

I think I'd sooner watch body paint dry on a fit 21 year olds thighs , if I had the choice , of course

[lucyp00p] 17/9/2018 10:44

well, unless you have that paint that goes on pink and dries white, it's about the same.

[bryet] 17/9/2018 10:33

Don't know which is most interesting watching this share price or paint drying!.

[moneylender] 17/9/2018 10:03

Just Check out!

[dgarvey] 17/9/2018 09:47

Genel and GKP get a fixed production payment from Bagdad so despite their production, the received cash is a fraction of the oils worth. Amer pay a royalty and keep the rest so hardly a fair comparison - OH,- by the way, don't forget the war.

[davidspringbank] 17/9/2018 09:08

I've had another nibble.

[foiledagain] 17/9/2018 08:28

Check out the price of Natural gas?

Check out how many times they've had rubble problems in their wells

Check out their decline in share price from even greater heights than Amerisur but where imo amerisur is on the up

Check out RH's jump to pantheon....a don't suppose he is pleased with their performance.

[tewkesbury] 17/9/2018 08:20

Check out Pantheon Resources (PANR) first gas production starts next month, low market capitalisation, all conventional, onshore and nice safe Texas.

[ken chung] 17/9/2018 00:51

Mexico intending to increase their production by 800,000 bopd. That will put downward pressure on the price of Colombian oil.

[foiledagain] 15/9/2018 08:43

Incredible though that the success of figures have no real relationship to anything the BoD have done yet where in my opinion their strategy through the RH situation will be shown to have been correct.

So with the success in the main solely due to increased oil price there is so much room for growth operationally in terms of production and OBA

The latest well is not as important as Indico, where success there will this time imo mean a much greater net zone being perfed and where ONGC we’re considering perforating more of the nett pay zone at Marioposa which had the potential of a 11000bopd well as so little of the pay zone is in production

[davidspringbank] 14/9/2018 23:04

HOME > FINANCIAL NEWS > AMERISUR RESOURCES GROWS AS REVENUES AND PROFITS SHARPLY RISE
Amerisur Resources grows as revenues and profits sharply rise
By Master Investor 13 September 2018
1 mins. to read
Amerisur Resources grows as revenues and profits sharply rise
Master Investor Magazine 42 cover
Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

South America-focused oil and gas producer Amerisur Resources (LON:AMER) improved its first half revenues by 93% to $67.9 million, with average daily production 33% higher than in the same period of 2017. The company also earned a post-tax profit of $10.8 million, a turnaround from the loss of $2.3 million during the equivalent period of last year.

Chairman Giles Clarke said: “The first half of 2018 has been a period of significant revenue growth for Amerisur, with our low-cost production and excellent netbacks delivering strong cash generation and profitability. As the owner and operator of the strategic OBA pipeline, we continue to deliver highly competitive operating margins and during the period, we were able to secure an increase in guaranteed minimum carrying capacity through the pipeline. We have now spudded the Pintadillo-1 well in the Platanillo block, the first of three fully-funded wells targeting the N Sand A anomaly, estimated to hold P50 resources of 11.44 MMBO.

For the remainder of the year and into 2019, we remain focused on growing production levels from existing reserves and executing our drilling plan, which is targeting resources of 131.53 MMBO net.”

Shares in Amerisur Resources climbed 2.97% to 15.24p (as of 13:00 BST).

[rich2006] 14/9/2018 20:44

4987 oba average
Not a figure plucked out of thin air.

[bryet] 14/9/2018 20:31

Should get some increase in share price before Xmas but while Rex keeps dumping it's an uphill task perhaps when his holding gets small enough somebody could snap it up just wish I had pots of money just to stuff it to him.Anyway all looking good long term if we get some early good results from our drills it will be hard to hold the share price down onwards and upwards to better times good luck all.

[haideralifool] 14/9/2018 18:49

(sick) sic.

Sorry, I'll get my coat.

[kumala] 14/9/2018 17:55

From Malcysblog 13th Sept.

Amerisur Resources

Amerisur’s interim results are very impressive as one might have expected. With revenue growth of 93% to $67.9m (35.1m) giving profits of $10.8m (loss) and EBITDA of $24.3m (7.6M) as a result of net realisations of over $64 a barrel. Net cash flow from operations went from $7.8m to $12.5m giving cash of $49.3m. Production was 5,959 b/d in the half, up 33% with 4,987 b/d through the more efficient OBA route which now has a capacity of 9,000 b/d following completion of the Chiritza pumping station in Ecuador.

This impressive set of numbers that give an incredibly solid financial backing to the company enable the funding of a continued large and varied exploration programme. Work has been continuing on Platanillo, PUT-8 and CPO-5, with the Pintadillo-1 well already spudded and the Indico-1 well expected to spud in October, PUT-8 has some operator delay at present. With seismic under way on blocks 12 and 9 where the Coendu prospect lies expected to complete soon and drilling is expected once licencing is complete. This seismic is important as it opens up both these blocks where there is significant scope. Since the period end AMER has signed up at very low cost, and value accretive, block 14 which also gives added opportunities in nearby acreage.

As a result of all this AMER has resources to announce that it will drill between 10 and 18 wells by Q3 2019 which should provide significant momentum, revenues and profits to add to today’s numbers and across a varying selection of asset types in the portfolio. I consider the market valuation of the company to be well below the opportunities presented by the model which delivers high realisations and margins especially to OBA crude. The argument for a significant rerating of the shares is compelling.

K

[kumala] 14/9/2018 17:52

Malcy’s Blog on Amerisur Res. Pod Cast for 10th Sept and 13th Sept, Apologies if already posted by someone else.

hxxps://www.malcysblog.com/2018/09/vox-markets-podcast-malcy-covers-empyrean-energy-sound-energy-reabold-resources-amerisur-resources-petro-matad/
(Change hxxps with https)
K

[alfieduncan] 14/9/2018 16:40

Good finish to the weeks events.
Rex selling into a more positive play.
Should see more demand next week imo.

Finished on a code 1 if I`m not mistaken.
Lets hope the theory holds water... whatever it was.

[alamaison5] 14/9/2018 16:28

15.7p finish?

[knackers] 14/9/2018 16:25

Indico is a lovely looking prospect and should provide a welcome shot in the arm alongside Mariposa, pushing total production towards 7,000 bopd by Dec. Also expect Plantillo with N sand tap to push Plat production well over 5,000 bopd.

[moneylender] 14/9/2018 16:13

Positions being taken for drill news early next week!

Nice end to the day.

[davidspringbank] 14/9/2018 15:53

I'm in at 15.29p.

[knackers] 14/9/2018 15:39

In for a few more...