Amerisur Resources Share Discussion Threads

[thegreatgeraldo] 11/12/2018 11:55

We'll see how CPO-5 measures up against 34. AMER have excellent quality & depth of sands, a lot more drilling needed to firm up areal extent. Of course, GPK are still exploring the extent of Tigana, Jacana etc..... CPO-5 does look a very good postcode, as I mentioned many months ago

[thegreatgeraldo] 11/12/2018 11:44

Corcel is quite small, just under 4,000 acres (block 34 is 82,000 acres)

[moneylender] 11/12/2018 11:27

TGG, Geo has recently extended their blocks, as below, do you know exactly where
the 'Corcel contract' block is?


to extend the limits of the Llanos 34 block into relinquished areas of the Corcel contract (located to the southwest of the Llanos 34 block).

[thegreatgeraldo] 11/12/2018 10:39

Pre-drill, Indico was (conservatively?) put at 10.3mmbbls. Too early to be booking reserves, but Indico has to be worth around 5mmbbls to AMER. Add a bit more for Mariposa & contrast with current booked reserves.

Also, once CPO-5 moves to the dev stage, drilling is very cheap. GPK can drill a well for around $2.5 mill; drill, test & complete for production at a touch under $4 mill

[acv74] 11/12/2018 10:37

Maybe all the worry of being at a low price will pay off for us long termers in the end....has enabled me to load up at low prices but slightly/extremely worrying catching that falling knife....I didn't think I was a gambler but....It's not the end, it's not even the beginning of the end, but it just could be the end of the beginning.

[lucyp00p] 11/12/2018 10:33

£450 million per share sounds a little optimisric

[swerves1] 11/12/2018 10:32

Cheers moneyl, that is exactly what I think too

[jotoha2] 11/12/2018 10:30

Correct , and once we get further update on this monster , new valuation can be applied to Amer share of the spoils , based on what we have so far , amer share is worth at least £450 million , that should help the share price somewhat.

[moneylender] 11/12/2018 10:24

Amer is by far the safe bet, in fact it has virtually NO risk here any more!

[swerves1] 11/12/2018 10:10

Thanks moneyl, I had a quick look at them and will keep my eye on how they go.
But it's just that after doing a lot of research into Amer I feel more confident investing here now

[moneylender] 11/12/2018 09:39

swerves1, not advice but look at aaog very risky but high rewards if it pans out, rns due in a matter of hours and ggp not so risky and high rewards!

[thegreatgeraldo] 11/12/2018 09:21

tyler durden1
11 Dec '18 - 08:11 - 14662 of 14671
0 2 0
yeh I like comment from poster on that link. Says all

"Vangel V December 8, 2018 at 7:55 am
Sorry but util the shale sector can generate positive free cash flows, the announcements are nothing but noise. The US imports crude and exports finished products. Without the imports there would be little to export.

..The US exports quite a lot of crude as well. The figures are a matter of public record, updated every Wednesday. When you add product & crude exports, they're exporting more than the Saudis

[leas1] 11/12/2018 09:21

goodbloke, the brakes are continually being applied with all these algo trades. They don't change the fundamentals though. You could argue that they present a good buying opportunity for the pi. After yesterday's news the pattern of trading is difficult to maintain in the current price channel. The tide will turn, sit back and enjoy the ride when they finish.

[goodbloke1] 11/12/2018 09:03

What does it take for this share to go up? It was this level on the farm out so it seems the excellent news has made no difference as far as the share price is concerned!

[leas1] 11/12/2018 08:56

tsmith, no, just a broker rating yesterday from Peel Hunt. Add 19p. As helpful as British Bulls. :)

[swerves1] 11/12/2018 08:47

I don't know of any other share that has the potential this has now!
If there is, would like to know?
Already fully loaded but wish I had more

[jotoha2] 11/12/2018 08:42

avs , no problem in buying 200k through broker

[tsmith2] 11/12/2018 08:38

Has anyone seen any broker comments?

[deanroberthunt] 11/12/2018 08:38

this is a BRAINER of the "NO" variety...just wish my PMO would recover a bit so I can add to this....

[tsmith2] 11/12/2018 08:35

Maybe today analysts etc will start fully digesting yesterday's massive news

[plentymorefish] 11/12/2018 08:16

make your mind up!....;)

[avsome1968] 11/12/2018 08:13

interesting wont let me buy 100k put will let me sell 100k hmmmmmm

[tyler durden1] 11/12/2018 08:11

yeh I like comment from poster on that link. Says all

"Vangel V December 8, 2018 at 7:55 am
Sorry but util the shale sector can generate positive free cash flows, the announcements are nothing but noise. The US imports crude and exports finished products. Without the imports there would be little to export. The simple fact is that shale production is NOT ECONOMIC. It wasn’t economic at $95 oil and $20 gas and it certainly isn’t economic today.

While the Left is wrong on the dangers of fracking, the Right is wrong on the economics of shale. We would be better off if we concentrated on the signal and ignored the noise. But that requires favouring reason over emotion and from where I stand, there is little appetite for reality."

[foiledagain] 11/12/2018 08:05

acv. Looks like the US is increasingly desperate to try to keep oil prices down. The article on the Permian reminds me of a similar article about the Marcellus.

The IEA and the EIA, along with the Saudi's have a history of overstating reserves and understating problems including depletion.

The Marcellus was downgraded by 800% from their claims.

The Saudis got caught in the Assange leaks showing confidential cables between them and the U.S. showing they had inflated their reserves too.

its one big game of throw everything in the media against hydrocarbons at the same time as suggesting the U.S. has a wonderful supply of cheap oil...very cheap as it sells for about half what it costs.