Amerisur Resources Share Discussion Threads

[kaos3] 29/1/2019 07:58

looks it might bounce into negative again ;(

to look at it in a cold and fair fashion

those fuukers should give us some real clear cut hope - not just legal proof hints

[bountyhunter] 29/1/2019 07:42

Here's the Golden Cross again with the chart reduced to a more sensible size for mobile devices!

[tyler durden1] 29/1/2019 07:41

Do think we need an investigation into why so many of the Plat wells seem to require inordinate amounts of maintenance on such a regular basis, although I still would not be surprised to find it by design, with another little acquisition.

[xxnjr] 29/1/2019 01:43

"I completely agree with your thoughts rollthedice. I too am invested here but anyone who thinks everything is fine here is just burying their head in the sand." Totally agree SiriusBizness and rollthedice! Always good to have a balanced discussion without being labelled "has an agenda".


Anyway, the 5426 w/int on 22/jan comprised

Putamayo 2942bopd
Mariposa-1 945bopd
Indico-1 1539bopd
======================
Add +1000bopd net for each of the next 4 wells going forwards hopefully, and we eventually arrive at a point where CPO-5 is the happy tail that wags the platanillo dog ;-)

[charlieeee] 28/1/2019 23:47

Peel Hunt was way out with the cash at the year end (and taking into account actual production numbers up to that point), because they over estimated capital expenditure.

Subsequent to the year end, there will have been little capital expenditure and that down in Putumayo will be chalked up to OXY.

Meanwhile, our current production (at 22nd January) is running at 5426 bopd, so that should be adding to the cash pile, particularly as the CPO-5 oil is sold at the well head and commands a price of Brent less $8.

It is those who are talking this down (with greater and lesser degrees of subtlety) who, for their own purposes, are avoiding the plain truth: we are lucky enough to be invested in a company which is in the process of proving up a substantial discovery. Once done, like EE, this will be a multi bagger and that is why JW has substantially increased his holding in the last couple of months.

[siriusbizness] 28/1/2019 21:38

I completely agree with your thoughts rollthedice. I too am invested here but anyone who thinks everything is fine here is just burying their head in the sand. I thought the PH note was way out wrt cash forecast however I am starting to think they may be closer to the truth than we think. The good news at the moment is that CPO-5 has offset the Plat production issues. This is now much more of a binary investment than when I got in at the end of last year hinging on the result from Calao-1. I suspect we will drift until then unless they come out with some better news from Plat or OBA and we see production improving

[bountyhunter] 28/1/2019 21:30

Yes it does look like a Golden Cross Mark, well spotted!

[mark of the rushes] 28/1/2019 21:15

I love Rex Harbour, how else could I have accumulated at these levels? Check out tradesmarter's chart to see what happened the last time the 50dma crossed up through the 200dma with both rising with the share price at these levels. (clue...it 4 bagged). The ducks are all lining up and any good news confirming strong fundamentals is now strongly supported by a great set-up on the charts.

[tom111] 28/1/2019 21:00

Surely he cant have too much left now for heavens sake

[kaos3] 28/1/2019 20:42

when is one not transparent- if has something to hide or for taking advantage opp.

[rollthedice] 28/1/2019 19:01

I would happily have not held for the last 12mths with share price below my average but just when AMER seem to be turning the corner it's clear they're still not being transparent or totally straight with us.

I don't really care if my posts are perceived as negative, I do try to be balanced and quote AMER's own RNS when I make a particular point, I'd just like to have a clear picture of our investment warts and all. It's really not my fault AMER leave all these questions hanging and can't issue a RNS which isn't akin to a s##t sandwich.

[tom111] 28/1/2019 18:48

No offence meant rollthedice but for someone who holds here its like cutting your nose to spite your face.Most of your posts are negative.Anyway GL

[tom111] 28/1/2019 18:40

Seems as if we have a full house here

[bryet] 28/1/2019 18:04

....and the drip drip down goes on.

[apache_dropout] 28/1/2019 17:59

Heading back to 10p

[rollthedice] 28/1/2019 17:55

Not all doom & gloom Tom just worried about Platanillo and possible impact on cash / capex funding even though Occidental deal alleviates to a degree. I haven't sold any of my shares and if not for the nagging doubts over existing, non-CPO-5 production I could be tempted to buy into the future potential.

The PUT licence drilling plans look good but we were promised loads of wells in 2018 and only got a couple. CPO-5 looks great but new production and reserves are just replacing decreasing performance at Platanillo at the moment. Pintadillo-1 flowed at 590bopd in October under 18/64" choke but has seemingly disappeared entirely without even a footnote in the latest operational RNS. They were considering running a downhole pump, did they do so, screwed the pooch and haven't told us yet?! (That's idle speculation on my part but why else has this valuable contribution to production disappeared?) Plenty of cash at end H1 but how much free cashflow was generated in H2? If cash has dropped significantly that'll be another hit on share price as funding speculation begins.

It may be that I'm worrying for nothing and that CPO-5 makes the rest irrelevant but I prefer to remove the rose-tinted specs and see potential issues coming down the track :) If others believe I'm reading the situation all wrong I'm happy to read & consider their viewpoints too.


PS Awaiting a response from AMER to a direct question about Pintadillo.

[tom111] 28/1/2019 17:03

Doom and gloom again rollthedice,constant even terror attacks anything else,lol

[underhill2] 28/1/2019 16:31

I also agree.

[knackers] 28/1/2019 16:31

Tom, could be but looks more like Inst’l position taking, similar to Friday. A gradual transfer from weak to strong, ST to LT, PIs to IIs. Part of the reason for PHs reserved (ugh, apols!) note. This share will re-rate when MMs are good and ready.

[plentymorefish] 28/1/2019 16:28

Spot on RTD

[rollthedice] 28/1/2019 16:24

@knackers ~ RNS stated that maintenance works was underway on 2 and that a further 5 well maintenance programme was planned (ie hadn't started at RNS date) and yet figures for around that date were at new lows... how much lower will production figures get as those 5 wells are worked on? These interventions must be costing a few quid so begs the question is Platanillo actually producing free cash or just burning it?

Until Occidental drills get underway most of AMER's eggs seem to be in the CPO-5 basket.

[tom111] 28/1/2019 16:15

IMillion shares just bought,Director?

[underhill2] 28/1/2019 16:14

I dont grovel to anybody. I dont need to. People like you are always wrong and big headed