Amerisur Resources Share Discussion Threads

[bigwavedave] 21/2/2019 08:30

Foiled: I would guess so :-) Apparently Stifel said today that the OBA "is the most likely export route."

[foiledagain] 21/2/2019 08:26

Bigwave

Does that suggest that Gran Tierra might have need to interconnect to the OBA at some time?

[xxnjr] 21/2/2019 08:18

Thanks for that TD1. Doesn't sound like you will be tuning in to XOM's investor day then! Good luck with Amerisur and your others. Have pencilled in a diary note to see if Exxon are bust in 5 yrs time ;-)

[bigwavedave] 21/2/2019 08:15

moneylender - that should be good for us. GTE now our partners immediately next door in Put-8.Plus Suroriente and one in the Llanos. $104m paid.


"Gran Tierra believes PUT-8 contains at least two exciting drill-ready exploration prospects, which could potentially be drilled in 2019 using existing pads." AMER had one planned for Q2.

[tyler durden1] 21/2/2019 07:50

xxnjr. Your own comment destroys the previous one So they HOPE to reap rewards in the future. Meanwhile half the costs are not even included in the profit and loss, and by then because of the nature of Red Queen Syndrome, they will have to drill so many wells to even keep production flat, the Capex on a large pipeline will be a complete waste of time, unlike Amerisur's.

Also you check out the provisions in their accounts for plugging and abandoning non economic wells.....with so many wells, costing around $3.5m to properly plug- no wonder they are keeping non economic wells chugging along as stripper wells, causing toxic contamination of the land.

Just think about it. These wells have not only reduced their initial output as well spacings have reduced now affecting nearby wells-their Initial Peak Production drops by around 65per cent in the first year. Within about 5 years they're producing stripper well quantities per well.

So drill 1000 wells at the outset get 1,000barrels per well you get 1 million barrels until about 6 months where its then 500,000barrels-so another 500 wells to keep production. 12 months you have 500 more wells, plus 250 wells from the 500 drilled later and so ad infinitum until you just can't drill enough wells and all sweet spots are done.

Of course they want it off balance sheet if they can, but your idea they will reap the rewards later doesn't stack up....as within 5 years wells that were never properly commercially viable in the first place let alone when they are stripper wells and the accounts of these companies demonstrate their not money makers-even without the provisions above, so you are left with thousands of wells, literally thousands to plug and abandon at around $3.5M each, which is why they leave them losing money poorly maintained and a toxic nightmare to landowners.

"While Exxon invested $12.5 billion on international upstream capital expenditures (CAPEX) to produce 1.7 million barrels a day of total liquid oil production in 2018, it spent a staggering $7.7 billion in U.S. upstream CAPEX to supply only 551,000 bd of oil. Thus, Exxon spent nearly double the amount of CAPEX for each barrel of U.S. oil production versus its international oil supply.

Exxon Dollar of CAPEX per barrel of U.S. oil 2018 = $38.16

Exxon Dollar of CAPEX per barrel of International Oil 2018 = $19.96

Now, we must remember, CAPEX is not included in the Net Income financial statement. Capital expenditures are not apart of the actual oil and gas production costs."

Compared to some oilers Amerisur is a gem, but I have other irons in the fire.

[moneylender] 21/2/2019 07:34

I see Grand Tierra have acquired the interest of Vetra in several blocks and will now be our partners.

www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GTE/13976311.html

[tradesmarter] 20/2/2019 19:39

free stock charts from uk.advfn.com

[xxnjr] 20/2/2019 19:27

Yes, I read your previous post the other day. But the numbers you quote above aren't surprising. It's all in XOM's plan. It's not just drilling wells. Also involves building a lot of heavy infrastructure, storage, processing plants for gas, liquids, and oil. A large capacity pipeline system from the Permian to their refineries on the gulf coast. It's more like a mega-project, in the sense there will be heavy investment for a number of years, then XOM get to a position where there's a plateau of between 600K and 800K bopd, when they will be able to harvest the fruits of their investment for many years.

[tyler durden1] 20/2/2019 18:13

Perhaps you should concentrate more on the accounts than the verbage by multiple CEO's who have a vested interest in telling their investors how wonderful they have been or the fact most big oilers have had to sell off assets to continue drilling or tap investors falling for the talk or gullible thinking they have a different perspective.

"In 2018, Exxon’s U.S. upstream earnings were a paltry $1.7 billion compared to the $12.3 billion from its international upstream profits. But, that is only part of the bad news."

Exxon made $1.7 billion from its U.S. domestic oil and gas wells by spending a stunning $7.7 billion in capital expenditures (that figure also includes exploration expenses).

Exxon spent nearly $6 billion more on U.S. upstream CAPEX than its earnings while the international upstream sector was basically even. It spent twice as much to produce shale.

[xxnjr] 20/2/2019 17:40

td1

your thoughts on US Shale seem heavily influenced by the scribblings of permian perma-bears. may I suggest registering for, and listening to ExxonMobil's upcoming investor day. Should you accept this assignment, you may come away with a different perspective

[tyler durden1] 20/2/2019 17:29

There is no real spare capacity, never has been. Its a slight of hand trick played by the US and others to keep oil prices down and why they've spent billions of dollars propping up shale costing $80-90bbl to sell at $50. That will deplete very quick leaving a trail of financial ruin for many but also leaving a 7,000,000bbls a day shortfall in world production.

[mickinvest] 20/2/2019 17:20

Brent is rising due to cuts in production to raise the price to what OPEC see as a realistic level to balance their budgets. There is currently no risk to the upside because there is spare capacity. Nigeria announced today they are willing to cut production to raise the oil price so looks like they are serious in getting Brent back to around $75.

[paradores] 20/2/2019 17:13

Brent close to breakout, though good for AMER is not exactly a lol matter!

Too much supply risk alongside the KoS doing the necessary as they see it, to achieve S&D ‘balance’;
Q. are we at risk of heading back to a 1970s-like situ? Oil may have been the strategic asset play back then, but wasn’t exactly great for other asset classes or the wider global econ. Don’t think we’d all want to see Brent push past $80, great for AMER tho that may be.

[tom111] 20/2/2019 16:17

Large jump Brent at over $67

[xxnjr] 20/2/2019 13:35

true, but it could be larger

On a simple structural basis, the Company estimates potential resources at Calao-1X of between 2 and 9.8 MMBO gross. However, given the results at Indico-1, which indicate the potential for combination trapping, the Company believes potential resources may be significantly higher.

[charlieeee] 20/2/2019 13:24

11%

Indico was P50

The scale of success at Indico-1X opens up a significant low risk potential in structures between Mariposa and Indico fields, together with lateral structures within the LS3 play.

It is expected that these wells will throw further light on the combination trapping expected to exist in this play.

This has the capacity to create a very large reserve base.
• Calao-1X, targeting structure SW to Indico with potential resources between 2 and 9.8 mmbo*
• Pavo Real-1X, targeting structure NE to Indico with potential resources of 4 to 45 MMBO* in the combined Indico-Pavo prospect area

[paradores] 20/2/2019 13:13

Trading positions being taken? Technicals look peachy. SP's held up well, all things considered. Says a lot.

[mad foetus] 20/2/2019 12:54

Spread very tight, only so long they can squeeze before the lemons burst imo

[the drewster] 20/2/2019 12:43

Calao-1X will further define the Indico structure regardless of whether or not it hits its primary target. The future is looking very very bright.

[11_percent] 20/2/2019 12:26

What is the Probability of Success for the Calao-1X well....anyone know.

The companies usually issue this number.....usually about 25% chance of success.

[wskill] 20/2/2019 12:03

12p I will sell everything and buy more you are joking I would think.

[knackers] 20/2/2019 11:58

Given what is already known about the local LS3 and the sheer scale of discovery at Indico, I'm thinking it would have to be nothing short of miraculous for the surrounding structures in the LS3 to be dry! Establishing LS3-play connectivity between the I-C-P complex and Sol/Aguila - what the partners 'think' is the case, is the next REALLY big thing - and a significant step-up from these still very important "iPad" sizing drills. CoS on the structures already identified (Aguila, Sol etc) will be high but to establish connectivity and a general play over some 12km+ would indeed be 'elepahantine'. The icing on the cake being the API, sand quality, low water cut etc

We all know how successful the iPad was ;o)....iPad had over 90% market share and generated $9.5 billion in just nine months of 2010, was one of Apple's fastest selling products and is one of the most successful consumer product ever launched! :o))

[foiledagain] 20/2/2019 11:54

How much did the share price go up with the success previously? In the face of what was a relentless sale of shares which may or may not have finished, its already undervalued irrespective of Calao-1X.