Amerisur Resources Share Discussion Threads

[nicksig] 09/1/2019 22:33

Where are you getting the data from on the amount of stock on loan? I can't see any short positions of note on the FCA or short tracker websites

[charlieeee] 09/1/2019 22:07

What punters have to remember, is that much of the damage to the share price was not done by RH (who was exiting surreptitiously, to get the best price for his shares) but by those who leveraged the effect of his exit with short positions.

He started with nearly 15% and it was only in Feb 2017 (by which time he was heading towards the 6.43% declared at the 31st March 2017) that those manipulating the share price with Force 10 fear, took up the incessant cry re his disposals.

As we all know, once the majority of his holdings had gone, the speed of the disposal escalated: the reduction in his holding, from 4% to 2.83%, happened in less than 6 weeks (in the low volume period of August). He undoubtedly played his part in taking the share price below 10p, but that diminishing holding has become irrelevant in the context of high volume days such as the Oxy announcement and Indico discovery.

What is more interesting is that many of the greediest shorters, probably expecting to pick up the last of his cheap stock were caught out by the unexpected Oxy announcement and so there is still substantial stock on loan, in excess of 8 million, as at 31st December 2018: obviously, their situation was not helped by the BOD wiping a cool 10 million shares out of liquidity by those multiple directors buys.

As we all know, things only got worse for those shorters on the 1st trading day of 2019, when the year kicked off so splendidly for most of us with the Indico RNS.

The boot now is on the other foot. Instead of facing RH disposals, what we now will have is the left behind shorters, scrabbling to close those positions, before the next CPO-5 or Oxy announcement and with no cheap shares from RH providing liquidity. At best, they have to hope sufficient short term traders are happy to exit with their 100% from from the 9.5p low to the 20p we are currently seeing, but they may have to chase this up higher to fully close out.

[d1nga] 09/1/2019 20:46

The sellers will be the punters who bought in on the fall from circa 15p to 10p not a bad return in a relatively small time frame

[tonyrelaxes] 09/1/2019 20:38

As a person who seems to totally ignore reporting requirements (starting with the late reporting of his first declared acquisitions, et seq) don't be surprised if he is still very much strongly involved and following is own agenda(s).

He may well be bitter to our Chairman (just like many here) but he isn't a financial fool.

[gersemi] 09/1/2019 20:31

Well, someone's feeding the buying and they're willing accept current prices for their stock...i believe that's called limit order selling though I could be wrong...if the seller wanted more he'd inform the market by withdrawing some liquidity and allow the price to rise....I'm a novice and even I can see what's occurring here though it's only a technical barrier and once the seller departs this should see the leverage of buying impose itself against the diminishing presence of selling at current prices

[bryet] 09/1/2019 20:18

Nobody knows for sure.

[tom111] 09/1/2019 19:56

I was given to understand he had sold out gersemi

[gersemi] 09/1/2019 19:25

Go away Rex Harbour. You're crushing the real value of AMER with your constant selling

[gersemi] 09/1/2019 19:23

I bet OVL have both eyes on AMER's stake in CPO-5 and probably the whole company if you read the sorry state of their production trajectory -


OVL acquisitions fail to augment energy security

By: Financial Chronicle, New Delhi, January 08, 2019



ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), seems to be following the trajectory taken by its parent, which failed to achieve any significant increase in domestic production of oil and gas. As per the company data, though the overseas hydrocarbon output from OVL rose by over 10 percent to 14.16 million tonnes of oil equivalent (mtoe) in FY18 against 12.80 mtoe in FY17, several of its acquisitions remained mired in delays causing significant production and revenues losses. OVL acquired a significant stake in Russia’s Vankorneft in 2016 while another consortium of Indian oil companies acquired a 10 percent stake in Zakum, the UAE’s offshore oil & gas field, in February 2018. These two have played a significant role in giving incremental volumes to OVL but given that the Indian public sector companies till December 2018 acquired stake in 28 countries, including Australia, Azerbaijan, Bangladesh, Brazil and Canada, the output growth have nothing to talk about. “Some of the stakes acquired by OVL off late in producing oil & gas fields in Russia and the Middle East are the only saving grace for the company that continues to suffer from legacy issues where some acquisitions like Imperial Energy in Russia continues to bleed. “In other cases, mostly asset acquisitions in Africa, OVL continues to face serious issues that are affecting production and investment,” said an oil sector analyst. To augment India’s energy security, the government has been encouraging these companies to pursue overseas equity hydrocarbon opportunities. But, in the rush, OVL has also got entangled in deals that are failing to fetch quick returns. Mozambique oil and gas production block is a case in point. Delays in reaching a particular production level has caused deferring of investment decision finalisation, thereby postponing gas production by another 3-4 years.

“Oil & gas projects take time to reach the production stage. The company has been at the top of the game while making strategic investments that will begin to contribute towards the country’s energy security. Also, OVL’s international ventures are going to play a critical role in the realisation of ONGC’s long-term growth blueprint as well as furthering sovereign energy diplomacy reach,” said a source in the public sector undertaking. In FY18, total oil & gas production from overseas assets was 14.16 mtoe (oil 9.35 mmt and gas 4.81 bcm) against 12.80 mtoe in FY17. It’s an increase of 10.6 percent, mainly due to incremental production from Vankorneft and Sakhalin-1 projects (Russia), BC-10 project (Brazil), additional production from acquisition of 4 percent stake in the Lower Zakum concession project in the UAE and from exploratory success in Block CPO-5 of Colombia. Oil & gas production of ONGC group, including PSC-JVs and from overseas assets for FY18 was 64.21 mtoe against 61.62 mtoe in FY17, an increase of mere 4.2 percent. Over the last decade, ONGC’s domestic crude production has declined from 25.37 million tonnes to 22.25 million tonnes in 2018. Gas production has also stagnated around 22-23 billion cubic metres.

-

[gersemi] 09/1/2019 19:16

leas1 - no worries fella. I enjoy the process of hunting down snippets of news on the companies I own shares in. If others benefit (and the price appreciates) from that then we're all quids in and our children, family and friends benefit also cos' at the end of the day it's all about securing the future of our families

[xxnjr1] 09/1/2019 19:02

Everyone has probably seen


but it does confirm, unless a typo, the Net Pay is now 241ft, up from 209ft.

The well Indico-1 was spudded on 7th November 2018 and completed the drilling on 15th December 2018. The well Indico-1 encountered Lower Sands (LS-3) of Une Formation (Cretaceous) at a depth of 9833 feet (MD) found to be oil bearing, before terminating the drilling at 10,602 feet (MD) in Paleozoic. The well was successfully logged and found to have 284 feet of gross thickness and 241 feet net pay, single hydrodynamically connected reservoir with no indication of OWC. A 40 ft interval of the upper part of LS-3 reservoir was perforated and completed for production in self-flow. During the test, the well flowed at self-flow rate of appx. 4,000 BOPD at bean size 40/64” and THP of 241 psi with oil of 35.9° API, BS&W – 0.3/0.4% and negligible gas. Currently the Well is under Short Term Testing with multi bean study for further evaluation.

[leas1] 09/1/2019 18:45

gersemi, many thanks. We also have to remember that there are other companies, including the President that have a vested interest in releasing information outside of the normal RNS. I've been watching for any news, tweets etc. from ONGC and any tender updates.
Much talk last night from the President tweeting and I can only guess that he is only too keen to release any updates.

Your research and from other's is much appreciated.

[gersemi] 09/1/2019 18:14

''EXPECTING MORE DISCOVERIES''
''EXPECTING MORE DISCOVERIES''
''EXPECTING MORE DISCOVERIES''

I though i'd repeat this confident statement in rather large capital letters just in case the prediction made by a company insider was lost to anyone who may consider selling ~:)


Someone's VERY confident about CPO-5!

OVL managing director NK Verma -

''Verma also added that OVL is expecting more discoveries in Colombia''

'Verma also added that OVL is expecting more discoveries in Colombia, as the company plans to drill more exploratory wells in the CPO-5 onshore block.

The explorer last week announced discovery of oil in the well Indico-1 in the block. This is the second discovery in the area after Mariposa-1 well in the oil corridor in 2017. OVL is the operator of the block with a 70% per cent stake while Colombia’s Petrodorado South America SA the remaining 30%.'

[lucyp00p] 09/1/2019 18:11

Lots of people bailing out late. Perhaps the quarterly update is out early.

[napoleon 14th] 09/1/2019 18:07

I'm neither surprised nor disappointed by the glass ceiling at 20p.
The next bit of news could well blow that.

[lbrokes] 09/1/2019 17:46

Big sell of 500k+

[tsmith2] 09/1/2019 17:43

another good volume day

[knackers] 09/1/2019 17:22

Encouraging volume and further consolidation. A nice steady re-rate and MMs facilitating some big ticket 'onboarding'. Good.

[coldspring] 09/1/2019 17:22

I know laptop & he is out. Has his reasons which I fully understand.

[doughboy66] 09/1/2019 17:18

On a more serious point , has anyone heard from trotting ?
I haven't seen a post from him for a while and hope everything is ok his end ?

[leas1] 09/1/2019 17:14

Ediie, he is on the SRB bb :)

[moneylender] 09/1/2019 17:08

Eddie no one takes him seriously over here!

[leas1] 09/1/2019 16:51

Some meaty late reported trades. Volume up...