Amerisur Resources Share Discussion Threads

[gersemi] 01/1/2019 12:47

The recent discovery is surely a reason to be positive from this point? And the Director buys were a indicator of value to be had here?

[responsible investor] 01/1/2019 12:27

Lucy00p. You must be nuts. The share price has fallen from 60-16p (after 9p)and the market continues to be under-impressed. The management should be stripped of all options/free issues of shares and should never be allowed any more unless approved by shareholders. Meanwhile the salaries and directors fees remain gross in relation to the achievements to date. Rex was clearly right in selling his shares - disillusionment with the competence and integrity of the management? And the share price fell because no-one was in the market to pick up his and other shares - no buyers, only sellers. However from here......??? Who knows? But no more incentives for this management.

[tyler durden1] 01/1/2019 11:37

Lucy. Are you interested in how the deals look or what the share price is and how much profit Amerisur is generating, as the two can be different? The deal for Paraguay looked spectacular, as did the deal for Fenix where oil was seeping up to the surface.

I feel confident that 2019 will be the year they start to pull it all together, but how many did you buy in 2017 thinking 2018 would be the year, or in 2016 thinking 2017 would be the year?

Until it starts to produce more oil, or generate more profits then although it looks great, it certainly hasn't spilled over yet to the sp, with spectacular drops from its heights, even with these wonderful assets and deals and undoubted potential.

[lucyp00p] 01/1/2019 10:15

Are you for real? The deals these guys have done lately are spectacular. In terms of value created, they eclipse any option award to date. Rex's juvenile response - although with merit regarding earlier options, have created a totally false market which many here have benefited from, although not recipients of earlier LTIPs. Unless these guys go mental, let them chisel out another few million options. Agreed, some may not have earned them, but with acquired tax write offs, partnership deals covering all exploration costs and strategic acquisitions, plus the CPO5 bonanza, it's going to be a drop in the proverbial bucket.

[tyler durden1] 01/1/2019 08:23

With remuneration committee meeting in February is there an incentive for the share price to rise or is it deja vu with Rex's influence waning allowing another share out of millions of options adding to the damage other options have wreaked and where shareholders have suffered so much and appointing more directors to help share the love, but none coming shareholders way?

The Jam tomorrow is not setting so well these days. Additional pipelines in the pipeline (tic), additional production (where)....manyana, and a takeover manyana, while production levels haven't moved much at all and drilling results for Amerisur's 100% assets have been less than sparkling and if not for ONGC production would not have gone anywhere?

Acquiring assets is fine, but it has to be accompanied with achievements in production or else its just used to pat on the back with new sets of options for producing a pipeline or a proposed additional pipeline (forgetting some of the small print) but with no Amerisur production filling it, and salaries that mean shareholders might feel they are not much more than a charitable institution helping to sustain someone else's higher standard of living.

Happy New Year!

[napoleon 14th] 31/12/2018 22:26

Malcy's take on the latest development

hxxps://www.malcysblog.com/

[lbrokes] 31/12/2018 18:16

The price of shares ( like stamps) will rise ever higher.

[tyler durden1] 31/12/2018 15:04

Yes-hardly a surprise.

RNS Number : 0943O
Amerisur Resources PLC
15 May 2018

So what we need now (not) is directors leaving cashing in and then get another few to feed options and pay to and for them to HELP the remuneration committee after they've worked so well on shareholders behalf in the past.

[lucyp00p] 31/12/2018 13:51

Very old news. Earlier RNS confirmed his departure months ago.

[knackers] 31/12/2018 13:11

Clearing out the stable. Very good news.

For too long this Company's BOD have left a lot to be desired!

[thegreatgeraldo] 31/12/2018 13:01

Liking this new UT chap.... nice number today

[thegreatgeraldo] 31/12/2018 12:53

Pointless putting out meaningful updates over yule/new year, everybody's busy getting pished. Any time from wednesday for news?

[chopper harris1] 31/12/2018 12:47

Another snout retreating from the trough. Let's hope AMER don't feel the need to replace either; after all, they still exceed their requirement of directors to meet regulations.

[gersemi] 31/12/2018 12:38

Another Director leaves the building

[knackers] 31/12/2018 12:20

I think you're in the ballpark Ronnie. Icing for AMER's eventual acquirer IMO.

o/t worth keeping an eye on WTI next year as it's becoming increasingly clear the dept-ridden US Shale ponzi has not only painted itself into a corner it's now staring down the barrel of a gun at sub $50 WTI. This isn't going to end well for the Permian and too late to impose controls on a business model that relies on excessive production. Industry specific and narrow, but clear echos of 2004-7 CDOs on sub-prime IMO.


Won't be surprised to see WTI vs Brent poo spread open as prices stabilise. Brent target range in 2019 $65-75

[lucyp00p] 31/12/2018 11:53

When they arrive. Conjecture on timing of Amerisur announcements is pointless.

[tsmith2] 31/12/2018 11:31

When are you expecting the quarterly and Indico-1 updates?

[retailronnie] 31/12/2018 11:28

Yes, occi might be interested in this too. Couldn't be included in deal announced earlier as transaction hadn't been approved at that time, but it would make sense as blocks are next door.

Some more info on put-14 here

hxxps://www.proactiveinvestors.co.uk/upload/MediaFile/File/2/gpx_proactiveinvestors_3.pdf

[tyler durden1] 31/12/2018 11:20

That was in the original agreement because it mentioned they only paid forhase 0 and Phase 1, but if that didn't show up positive there would not be a need to fund other phases as it could be relinquished. JW obviously thinks its a good deal

[retailronnie] 31/12/2018 10:48

"In return, Gulfsands is now relieved of its obligation to fund the $16.1million minimum work program on the PUT-14 licence."