Amerisur Resources Share Discussion Threads

[knackers] 28/2/2019 12:51

Not certain that's been formally shared Tom. Neighbours have been getting 85-95% success from Guad and Une drills in CPO4 and Llanos 34.
Calao remains an exploration well, though a fair chunk of risk would have been drill complexity related; i.e. diagonal, through structures, pressure issues-mud mix etc. I would assume we've now cleared most of those.

As regards what may be found, how about the following finger in the air:


a) Low case <20ft 90%
b) Mid case 20-50ft 80%
c) Upper case >80ft 60%

Can't be much downside on the above with Indico-1 ~1km away and offering 200ft+ net pay and flowing at 5k+ bopd.

Being played like a jester's fiddle here.

[11_percent] 28/2/2019 12:47

The fact is...……..the guys that are on the Calao-1X drill will know about now if there is oil or it is a complete duster.....maybe not the detail, as that needs the well logging to be done.

However, the Hedge Fund or whoever...….will know and be setting up their move. …..so watch the share price for any indication.

[tom111] 28/2/2019 12:23

Can someone remind me what the CoS with this current drill

[davwal] 28/2/2019 12:11

As you would say in your oh so noughties speak: lol...

[plentymorefish] 28/2/2019 12:06

The pullback should be to around 14p. If the current drill is a duster then I would think 12p. It was definitely over hyped up to 20p and the 'froth' has slowly been dissolving since late January

[11_percent] 28/2/2019 12:02

A 40% pull back, from the high, on a subdden rise....is normal.


The share price is now being held in a tight range (in this case 15-16) while the next news (drill in this case) is know....then the Hedge Fund/etc, front run the next move.


So far...….the share price is conforming to the script.



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[knackers] 28/2/2019 11:58

Someone should perhaps remind analysts at PH that only 3 months ago OXY coughed-up $90m to farm-into 50% of about a third-to-half of AMER's acreage in Putumayo!

The real world still needs oil and will continue to need oil (and crucially, stable supplies of oil...which means sustained levels of investment) for decades and decades to come. Let's get real.

[davwal] 28/2/2019 11:36

Got to say I now feel a hostile bid is quite possible given the general increased activity in the region and Amer's attractive assets. Hmmm

[mark of the rushes] 28/2/2019 11:24

It's 40% of the rise.

[rollthedice] 28/2/2019 11:20

40% of the rise swerves1

[swerves1] 28/2/2019 11:18

11 per cent - maybe you need to do your maths again!
Is 20p back to 16p a 40% drop, or just 20?

[11_percent] 28/2/2019 11:05

I don't see what is wrong with the share price
It went from 10p to 20p (100% rise) on good news.
It then came back a bit (40%) which is normal as the traders, swing traders, etc took their profit.
the share price is now being held at 16-17...…̷0;.waiting for the next move.

[knackers] 28/2/2019 10:28

Given the share price vs assets-on-offer disconnect I wonder if that's the real play now taking shape behind the scene RR. Yup, while that big seller is still with us, clearly there's also a buyer. Hmmmm...

Meanwhile, unsustainable levels of debt and invisible returns seem to be finally calling time on the shale ponzi party hxxps://oilprice.com/Energy/Energy-General/Shale-Growth-Is-Nearing-An-Inflection-Point.html
Trump can dream about cheap oil, but the commercials simply don't stack up, esp as a good proportion of next tranche of conventional oil mega fields are gonna be hellish expensive to open up.

[retailronnie] 28/2/2019 10:02

Was thinking that yesterday, surprised GTE or OCCI haven't made a cheeky offer, or at least taken a position.

[jp2011] 28/2/2019 09:38

What are the key drivers; general news flow, EBITDA, 2P reserves.

[tom111] 27/2/2019 16:57

Thanks Knackers

[mad foetus] 27/2/2019 16:53

I'm reminded a little of AAZ, where a guy called Bashirov sold out for years and dragged the price down from 80p to 5p. Now back to where it was. But effing boring to wait for the hole to fill the pot.

[tom111] 27/2/2019 16:42

You have got to wonder what the heck is going on here,oil sharply up news likely to be good and we are down again

[thegreatgeraldo] 27/2/2019 16:14

Big fall in crude imports for some reason.....