Amerisur Resources Share Discussion Threads

[lucyp00p] 02/1/2019 13:11

The wheels usually fall off after a rally like this but I can only see blue skies ahead. Reality check please Martin.

[wbecki] 02/1/2019 13:06

thegreatgeraldo
2 Jan '19 - 12:41 - 15335 of 15340
0 0 0
Not hard to read an RNS

"Indeed just as it isnt hard to read a bus!!!! Or see that Russians didnt swing Brexit vote!

Funny that you criticise Malcy for that which you do elsewhere yourself!!!!!!"

Great well result.

Happy with my stake.

Management once again proven that patience finally will be rewarded.

[tyler durden1] 02/1/2019 12:53

Great start to New Year.

All we need now is Amerisur to start doing things with their blocks. Having saved millions in CAPEX by their latest deal its not money holding them back, so be good to move on Amerisur projects.

Prospect for oil price look good especially when the Ponzi shale hits the buffers.

[lucyp00p] 02/1/2019 12:47

Hello 18p, ain't seen you for a while.

[thegreatgeraldo] 02/1/2019 12:47

malcy's an "expert". He's taken the highest flow figure in the RNS & then extrapolated from that.

The current flow rate - 2680bopd - under natural flow, is quite exceptional for an onshore, choked back well. We know that, it doesn't need to be hyped by malcy.

[gersemi] 02/1/2019 12:44

I prefer the market's interpretation of today's news though I do take note of MGW's opinion. It seems the market approves of today's news and that's the only thing that matters

[deanroberthunt] 02/1/2019 12:43

Can't you find something else to talk about?
Is this song the only one you sing?
Makes you look better when you put things down?
Value your opinion!

Don't criticize my friends
Criticize my ideas

[thegreatgeraldo] 02/1/2019 12:41

Not hard to read an RNS

[moneylender] 02/1/2019 12:41

TGG I also thought it odd that he referred to "in country production" Is their long anticipated excursion into Ecuador about to come to light.

[deanroberthunt] 02/1/2019 12:39

thegreatego

[thegreatgeraldo] 02/1/2019 12:37

"Initial flow-rates from Indico-1 show that it is on short term test at 4,530 "

malcy getting carried away........ it did test at 4530bopd, BUT.......

"The well is currently producing over a controlled choke of 28/64"at a rate of approximately 2,680 bopd"

So choked back, but he's jumped on the big number in the RNS. Sloppy.

[paradores] 02/1/2019 12:37

Agree K, Calao-1 is one to watch.

[moneylender] 02/1/2019 12:35

Held the Bid price down to fill that order. Brakes are off now!

[gersemi] 02/1/2019 12:33

200k buy at 17.50p

[gersemi] 02/1/2019 12:31

Malcy's blog - today

Amerisur Resources

A very positive start to the new year for AMER as the update from CPO-5 is incredibly positive. Initial flow-rates from Indico-1 show that it is on short term test at 4,530 b/d of 35.9º API crude oil and with an application in will move to LTT shortly. This figure might even be conservative if one bears in mind the level of choke back involved. The oil column of 283′ gross and 209′ net is most encouraging in the LS3 formation with no OWC.

The immediate result is that the partnership is moving straight to a fully funded four well programme with all wells being drilled from the same pad starting with Calao-1 towards the south west targeting resources of 2-7 mmboe. This will be followed by the Pavo-Real-1 well immediately afterwards to the north east targeting 2-23 mmboe and the combined outcome could be ‘significantly higher’. These will be followed by two more wells from the same pad, administratively very efficient as it is fully permitted and ready to spud immediately. The Sol-1 well which is also on the cards, is drill ready and with civils completed just needs various permits before it too can get under way. The JV needs to decide whether to hire another rig or to run consecutively but it is a lovely problem to have, the discussions will be taking place with ONGC very soon I imagine.

This discovery is very valuable indeed for AMER on a number of fronts, firstly oil here produces very high netback barrels at a very high return. Trucked direct from the wellhead at Brent -$8 it is going to add significantly to the coffers. Indeed, CPO-5 might be producing half of the company’s in-country oil production before long as the 30% of Mariposa-1 and 30% of this discovery must mean somewhere north of 2,500 b/d.

There is little doubt now that the CPO-5 region with its huge producing oil fields now looks of significant value to AMER, what has not been mentioned so far is what must be an inevitable updating of resource numbers for the company which could come as early as the middle of this year. Finally there is now much excitement at the company with up to 8 wells at PUT’s 8,9 and 12 as well as plenty of seismic and ultimately drilling with Oxy. The shares are up 12.51% as I write, value added only this morning could dwarf that modest rise.

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[jotoha2] 02/1/2019 12:03

Come on baby , one more push through 18p

[knackers] 02/1/2019 12:03

Your dunes/desert analogy is a good one TGG.

See the example CPO5 for Aguila-1 structure ; slide 15 at hxxp://www.amerisurresources.com/images/rns-pdfs/AGM-Presentation-15-05-18.pdf
Note the yellow / orange relief caps within the fault structure.
Potential for 20mmbo+ recoverable, just there.

EDIT: "Calao-1, targeting a structure alongside Indico to the southwest, towards the Aguila structure expected to spud in January 2019" Looks like they're switching to guns. If the green relief area they seem to be targeting is oil bearing. This will be a truly massive field. i.e. 300-500mmbo potential recoverable.

[notimpressed] 02/1/2019 12:03

nice to see AT buys

[moneylender] 02/1/2019 12:02

Dont forget John Wardle knows the geology in CPO-5 very well, he was Emerald energy country manager in the block next door to the east, where he found a major field back in the day.

[moneylender] 02/1/2019 12:00

And there's more:

Amerisur Resources Plc
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@AmerisurResourc
47s48 seconds ago
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John Wardle, CEO of #AMER said: “These latest data from the well further indicate that we are developing an important play fairway within the LS3 unit of our large CPO-5 block, with significant upside both in the Indico accumulation, other structures to be drilled in the future.”

[tsmith2] 02/1/2019 11:58

volume at 8.5m already. Break out on good strong volume

[moneylender] 02/1/2019 11:54

Amer Tweets today, they are def ramping up the comms!!!

Amerisur Resources Plc
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7m7 minutes ago
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John Wardle, CEO of #AMER said: “The confirmation of no OWC within the drilled reservoir at Indico-1 and the initial flow rates on STT are very encouraging indeed. We are very pleased to have agreed an augmented drilling programme from the Indico pad with our partner.”

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18m18 minutes ago
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Sol-1 is drill-ready and the Company is considering with its partner whether to drill it following the above programme or the option for a second drilling rig in the short term #AMER

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38m38 minutes ago
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Following Calao-1 and Pavo Real-1, a further two appraisal wells will be drilled in the Indico structure from the Indico pad, with the objective of refining resources and reserves estimates #AMER

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51m51 minutes ago
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Pavo Real-1 to follow Calao-1, targeting a similar structure adjoining Indico to the northeast. Structural evaluation by the Company estimates potential resources of 2 to 23 mmbo in this prospect

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1h1 hour ago
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#AMER’s drilling programme Calao-1, targeting a structure alongside Indico to the southwest, towards the Aguila structure expected to spud in January 2019. #AMER estimates potential resources at Calao of between 2 and 7 mmbo

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Fully funded four-well directional drilling programme to commence immediately from the Indico pad to determine the prospectivity of the area within the LS3 play #AMER #OOTT

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Indico-1 will continue to be produced under STT while application is made to ANH to begin a Long-Term-Testing programme on the well #AMER #OOTT

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Initial analysis by the Company indicates that a 283 feet gross, 209 feet net, oil column is present in the LS3 formation at Indico-1 #AMER #OOTT #OIL

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STT at the Indico-1 well has flowed 35.9° API oil to surface from the Lower Sands (“LS3”) of the Une formation at a series of choke sizes with a final flow rate of 4,530 barrels of fluid per day #AMER

[avsome1968] 02/1/2019 11:39

Traps cannot be clear classified as either structural or stratigraphic. These are called combination traps, and they often involve an unconformity. unconformities are important not only for the formation of such traps which are quite common but also for migration, because they often form a horizon along which permeabilities can be high while above it they are low.

GREAT START TO THE NEW YEAR WITH THIS NEWS MARKET CANT IGNORE AMER TOO MUCH LONGER