Amerisur Resources Share Discussion Threads

[bryet] 23/1/2019 12:03

March before seller fo's in my opinion.

[rollthedice] 23/1/2019 11:49

@gersemi... surely that would only be true if you yourself were planning to sell to free cash to pay for food for your kids?! Pot+kettle+black springs to mind :)

[lbrokes] 23/1/2019 11:44

Stanley!! Mrs Ogden loves you as her lodger

[gersemi] 23/1/2019 11:11

3 v 1 with 32k on bid and only 4k on offer

bid > offer on depth - 720k v 620k

[lucyp00p] 23/1/2019 10:33

Don't get your hopes up. I'm not sure how tax rules apply to Tracarta, but when options are exercised under PAYE, tax is immediately payable on qualifying proceeds, which is why sales generally follow.

[tyler durden1] 23/1/2019 10:24

Strange as it may seem to some, I see today's RNS more positive than some aspects of yesterdays.

Exercising options and holding on to them. Previously exercising has often accompanied a disposal but John W has not only bought recently along with other directors but seems to be holding on tightly to the shares exercised?

Might be just because he considers it undervalued with a lot to come, and lets face it whether we believe in insider trading or not directors and in particular he is in one of the best positions to consider potential, or perhaps suggesting Amerisur will not be around in the none too distant future.

Or perhaps and its pure conjecture, there is an adjoining field in the plat area that Amerisur are eyeing up which would provide a disincentive to do much and its pure conjecture but it would be true to Amerisur form

[xxnjr] 23/1/2019 09:50

P90 = 1
P50 = 2
P10 = 3

2 to begin with, may go to 3 if results warrant :)

[eddie_yates] 23/1/2019 09:23

What’s it gonna be, 1, 2 or 3???

Sol-1 is drill-ready and the Company is considering with its partner whether to drill this well following the above programme or to take up the option for a second drilling rig in the short term.

In addition, the partners are evaluating a further increase in drilling activity for 2019, targeting an accelerated appraisal/development of the Indico field, the NE structures and other prospects associated with Indico down-dip and Mariposa offsets. This may involve the contracting of a third drilling rig.

[tsmith2] 23/1/2019 08:26

Calao-1, targeting a structure alongside Indico to the southwest, towards the Aguila structure which is expected to spud before the end of January 2019. On a simple structural basis, McDaniel estimates prospective resources at Calao of between 2 and 9.8 MMBO.

[avsome1968] 23/1/2019 08:18

Gersemi

REX Harbour held 150m shares shows he sold out he's allowed to keep just under 3% without it being declared{I think } so 38m shares he may have kept you could be right him drip feeding his remaining shares in the market but surely his tank must becoming empty.

[bountyhunter] 23/1/2019 07:56

He has not sold any of the resulting shares though. Maybe the option expiry date was approaching.

[lucyp00p] 23/1/2019 07:51

Well, he's up to his neck in money

[moneylender] 23/1/2019 07:48

What's John Wardle up to, any ideas?

[lbrokes] 23/1/2019 05:04

Geldof and blue peter have blood on their collective hands

[wbecki] 22/1/2019 20:06

If only we didnt intervene with Free Drugs for third world and Live Aid.

:)

[lbrokes] 22/1/2019 19:28

Good point , well made . Nature will out.

[wbecki] 22/1/2019 17:37

@Lbrokes

"Electric vehicles are needed"

Why?

Surely fewer people are needed!

[apache_dropout] 22/1/2019 17:22

This is going down.

[sogoesit] 22/1/2019 17:09

Personally, I prefer indecent novels...
DYOR!

[xxnjr] 22/1/2019 16:40

despite my previous reservations on Put production nos, confirmed today, I added in the 18.80's. Jumped in a bit too early this am, but CPO story could read like a decent novel 6 to 18 months down the road.

[al101uk] 22/1/2019 16:06

fadilz,

Through my "bad math" I'm getting around 6p for Plat on the old model. There are central costs associated with that which should now be split across Plat and CPO, but it feels about right given what we know.

I can't remember if you were part of the conversation, but following last results we discussed the costs per barrel and I contacted investor relations because I couldn't reconcile about $10 million of costs that seemingly appeared from nowhere.

Anyway, I dug out the numbers from back then, my bad math is around adjusting them to suite the current state of affairs. I keep missing things that will have adjusted not just because the cost is shared now, but also because the production cost has gone up per barrel due to a decreased number of barrels.

Anyway, I'm 95% confident in these numbers as per last results at $50 oil...

Depreciation: $8.98
Cash Opex $22.69
Royalties: $4
Hi Price Tarrif: $1.89
Non-Prod Field Costs: $1.33
Workovers: $1.34
Admin $8.77

What happens to them when you half production, increase oil to $60 and share central costs is anyones guess... and I'm still working on mine.

Obviously this is an all in cost, including non-cash items and is very, very different to the two versions of op ex or the netback numbers quoted by Amerisur at the time.

I think cash op ex had a similar theme to netback iirrc.

[lucyp00p] 22/1/2019 15:34

closer to 10 I think.

[thegreatgeraldo] 22/1/2019 15:24

;-#)) Presumably AMER could make $3/5bbl by sticking third party crude down the pipeline?