Amerisur Resources Share Discussion Threads

[gersemi] 01/2/2019 09:26

Now

3 v 6 (62k v 98k)

Until stonking news, which we all know is coming, then a weak order-book is the order of the day but we will have our revenge!

[kaos3] 01/2/2019 08:52

imho till daily vol falls bellow 1-2 mil share price will be dropped to harvest the cheap shares. when vol dies due to no one is selling -exercise is finished and up we go. but until one can - he will. watch vol dropping for the share price turn

[gemlotte55] 01/2/2019 08:35

Thanks Gersemi

[gersemi] 01/2/2019 08:21

Level 2 looks like this. I am now a proper professional trader with all the tools :)

1 v 3 (7k v 144k)

there's still a hefty seller at 17p though I'm sure we will shift him when news is released

[kaos3] 01/2/2019 06:42

I was saying that they should start producing asap from Platanillo and if OBA is not ready they could truck for a few months. As the wells will have some issues at the beginning anyway.

It turns out that they have huge storing capacity (still do not know how much exactly) at the premises and that the government is doing just that - trucking. And OBA is ready and production is falling.

I am saying all this not about being right or wrong but that in the future before one starts harassing ones opinion he should think and take it easy imho. Poster might be new and amateur but as it turns out still could be right. Sometimes.

[tom111] 31/1/2019 19:59

lol you couldn't make it,well--

[siriusbizness] 31/1/2019 19:14

The oil is coming out of a different area. Doh.

Disappointed not to see an RNS today. Maybe end of the January accounting period...

Will be good to hear from JW when he is over in Feb!

[kaos3] 31/1/2019 18:32

I was told zillion times they dont want to drill and produce till OBA is ready. now what?

[tom111] 31/1/2019 17:05

Getting tedious now I guess they want you to sell

[bryet] 31/1/2019 16:35

More drip drip down time it stopped.

[tonyrelaxes] 31/1/2019 16:28

Errr....
Is this new? If so they got the very last digit wrong for a start!

[lauders] 31/1/2019 15:48

Given the recent director purchases and some of their large holdings the point about introducing a dividend will benefit them as well as their shareholders, so there is plenty of incentive to consider this part from the above:

When will Amerisur pay a dividend?

It is Amerisur’s aspiration to pay a dividend once it is delivering sustainable production from multiple fields. The Company is making positive steps towards this goal, with production now coming from two oil fields. Cash returns to shareholders are regularly discussed by the Board and firmly remain a goal.

Not sure the latter purchase mentioned is a huge sum as far as director buys go, but the investment by JW is certainly of note:

Corporate Governance

Is the Amerisur Board aligned with its shareholders?

Yes. The Board is 100% aligned with shareholders as demonstrated by the recent director dealings by John Wardle, CEO, and Giles Clarke, Chairman of over £1 million and £70,000, respectively.

One of these days AMER is going to get back above 20p. Even with all the recent good drilling news it is a tough nut to crack.

[somnus101] 31/1/2019 15:00

Others may have missed it too
THURSDAY, 31 JANUARY 2019


Home
Welcome
About
Our Company
Our Assets
Colombia & Paraguay
Investor Centre
Indicators
Sustainability
Our Approach
Media
Files
Contact Us
Information
HomeInvestor CentreFAQs
EmailPrint
Questions To The Team

Operations

What does the upcoming work programme consist of?

Amerisur has a near term, active, fully funded work programme.

In the near term, following success at Indico-1 well, we plan to immediately commence a four-well drilling campaign to determine the prospectivity of the area within the LS3 play. This campaign will consist of the drilling of Calao-1, Pavo Real-1, followed by a further two wells to be drilled in the Indico structure from the Indico pad to refine resources and reserves estimates.

Furthermore, following the farm-out agreement signed in November 2018, Occidental Andina will fund a $93.25m exploration and appraisal program between 2019-2021. This programme is targeting Putumayo-9, Terecay, Tacacho and Mecaya, all in the Putumayo region, in southern Colombia. The farm-out blocks extend over 1.4 million acres and have prospective resources of 656 MMBO. The work programme includes the acquisition of 878 Km of 2D Seismic and the drilling of five exploration wells.

The drilling of the first of up to six wells on Coendu structure (Putumayo-9 and Putumayo-12) is expected to begin in Q3 2019.

In addition, Miraparriba-1 on Putumayo-8 is expected to spud in H1 2019.


Why does the OBA throughput appear reduced some months?

OBA throughput is not necessarily a reflection of production given royalty barrels are collected at the wellhead by the government and they choose when to collect them. They may go for several months without collecting before giving Amerisur notice they wish to collect. The Company has substantial storage in field where inventory can be built up pending pick up by the government (or OBA throughput).


Are there plans to transport third party oil via the OBA?

Amerisur is 100% owner and operator of the OBA pipeline, a key piece of strategic, cross-border export infrastructure delivering world-class operating margins and further growth potential.

The Company’s focus is to further increase the export of its crude through the OBA following exploration success and progress further commercialisation options to best utilise this important piece of infrastructure. The Company is reviewing options to utilise the capacity through the purchase of local crude until production ramps up. The Company is awaiting the approval of the Ministry of Mines and Energy in order to begin purchase and shipping of third party crude via OBA. That approval is expected in H1 2019.

In November 2018 Amerisur signed an agreement with Occidental Andina for the transport of oil produced from the blocks shared with Amerisur, with a commercial tariff charged for Occidental Andina's share.


What is the current political situation in Colombia?

The current Colombian government, led by Ivan Duque, which took office on 7 August 2018, represents a centrist position, with an ambitious manifesto of social equality, economic development, fiscal stability and the continuation of the peace process. The President has shown himself to be extremely committed to supporting industry and has underlined the importance of hydrocarbon exploration and production to the nation and the fulfilment of the aims of his administration. Government is currently canvassing the industry for suggestions to improve the efficiency of the agencies and Ministries, with the commitment to attack bureaucracy and minimise delays to oil projects.

Amerisur is committed to working through the social issues in the country and we continue our ongoing support of the peace process. We are committed to supporting the local people via our various community initiatives and contributing towards a peaceful and equitable operating environment.

Read more about our initiatives here.


Financials

What is Amerisur’s financial position?

Amerisur is in a strong financial position, reporting revenue growth of 93% to $67.9m, profit after tax of $10.8m and a robust cash position $49.3m at its Interim Results in September 2018. Our strong cash generation from existing production and balance sheet delivers a fully-funded work programme.


When will Amerisur pay a dividend?

It is Amerisur’s aspiration to pay a dividend once it is delivering sustainable production from multiple fields. The Company is making positive steps towards this goal, with production now coming from two oil fields. Cash returns to shareholders are regularly discussed by the Board and firmly remain a goal.


Corporate Governance

Is the Amerisur Board aligned with its shareholders?

Yes. The Board is 100% aligned with shareholders as demonstrated by the recent director dealings by John Wardle, CEO, and Giles Clarke, Chairman of over £1 million and £70,000, respectively.


When are Directors in a closed period?

Due to the Company’s ongoing fully-funded work programme, the close period regularly changes, and we cannot provide guidance on this and when the Directors are able to buy shares.


Disclosure

When is the next production update?

As per industry best practice disclosure we provide production updates on a quarterly basis, alongside regular operational updates.


When can shareholders expect a reserves and resources update?

The Company publishes its reserves and resources report annually, usually in the first quarter of the year. From time to time interim updates are made. Our most recent Reserves, Operational and Production Update can be viewed here.


BetFair - ArtBetting.netFull Reviw on best bokmaker - Ladbrokes Ladbrokes full information
CURRENT SHARE PRICE


EMAIL ALERTS
Click here to register for email alerts from Amerisur Resources
LATEST NEWS

MORE NEWS

REPORTS & PRESENTATIONS
Farm-out Presentation webcast
Farm-out Presentation
November 2018
Interim Results Presentation September 2018
Operational Works Update Presentation 8th June 2018
Company Presentation May 2018
AGM Presentation webcast
AGM Presentation May 2018
Notice of AGM to be held on 15th May 2018 and Proxy Form
Final Results Presentation April 2018
Financial Statements for the year ended 31st December 2017
Interim Results Presentation September 2017
MORE FILES TO DOWNLOAD

Amerisur Resources PLC © 2018

[bad gateway] 31/1/2019 10:35

Never mind the spam well worth reposting just for Occidentals plans imo.

Furthermore, following the farm-out agreement signed in November 2018, Occidental Andina will fund a $93.25m exploration and appraisal program between 2019-2021. This programme is targeting Putumayo-9, Terecay, Tacacho and Mecaya, all in the Putumayo region, in southern Colombia. The farm-out blocks extend over 1.4 million acres and have prospective resources of 656 MMBO. The work programme includes the acquisition of 878 Km of 2D Seismic and the drilling of five exploration wells.

The drilling of the first of up to six wells on Coendu structure (Putumayo-9 and Putumayo-12) is expected to begin in Q3 2019.

In addition, Miraparriba-1 on Putumayo-8 is expected to spud in H1 2019.

[homebrewruss] 31/1/2019 10:25

Ah sorry missed that somnus & Laptop - didn't mean to spam!

[somnus101] 31/1/2019 10:24

homebrew
per Laptop 764

[lbrokes] 31/1/2019 10:11

Going thru da roof , ya gett mi blud?

[homebrewruss] 31/1/2019 09:54

Updated Q&A page on the Amerisur website detailing current plans:

[tyler durden1] 31/1/2019 09:48

dav. I suspect you are right

[lbrokes] 31/1/2019 09:45

Post of the day !

[aceuk] 31/1/2019 09:43

Oh effing hell, Bill's back - no wonder things are going downhill again, especially when put with Ben going all positive about company prospects!

[davwal] 31/1/2019 09:32

If it’s any comfort ONGC Videsh have not quietly issued any new tenders regarding the announced additional COP-5 drilling. My money is on the next spudding having taken place in the last few days.

[deanroberthunt] 31/1/2019 09:30

I'm blaming it on the spiral vortex from the Antarctic

[charlieeee] 31/1/2019 09:29

It is not just the stop losses.

It is also the margin traders, forced to close because of the leveraged position: a totally dirty game, as you say, gang banging the share, for the mates to clean up on spread betting.

On the positive side, easier money here is to be made to the upside and no doubt that will be the direction once the downside has been wrung dry.

It should be noted that they don't always RNS spudding eg Mariposa "The well Mariposa-1, in block CPO-5 has spudded and is drilling ahead." as per the 27 March 2017 update and there are many other examples, including Indico, where the rigging up RNS was followed by the 21st November RNS mentioning that we were 6500 ft down.

[gemlotte55] 31/1/2019 09:23

Last drill Amersiur didn't RNs the Spud but updated halfway through