Amerisur Resources Share Discussion Threads

[knackers] 04/3/2019 17:39

Once we have these Indico structures properly appraised we’ll all be playing together just fine... ;)

[swerves1] 04/3/2019 16:47

I realize the share price is way down now compared to a few years ago.
But compared to say 3 months ago the share price is up 65%! And the Calao result expected in next week or so should continue this upward movement

[ladeside] 04/3/2019 16:32

No, I got what you meant.

I'll rephrase it to say we'd need a 300% rise from current levels to just get back to our old holding pattern share price

Irrespective, as shareholder we're in a far worse position financially than we were a few years back.

[thegreatgeraldo] 04/3/2019 16:28

Ladeside, you've missed my point!!!! ;-#))

[ladeside] 04/3/2019 16:25

You'd need to address that one to GC or JW..........

[davwal] 04/3/2019 16:25

We’ll all be rich by Christmas....

[thegreatgeraldo] 04/3/2019 16:22

LADESIDE
4 Mar '19 - 16:20 - 17673 of 17674
0 0 0
Yes, we're in a completely different shape but the share price is more than 300% lower !!

..How does that work?

[moneylender] 04/3/2019 16:20

Touche Ladeside

[moneylender] 04/3/2019 16:20

Different shape but still a sh##t price!

[ladeside] 04/3/2019 16:20

Yes, we're in a completely different shape but the share price is more than 300% lower !!

[swerves1] 04/3/2019 16:18

Not the time I think to be looking back Bigbas, the company is now in a completely different shape!

[tsmith2] 04/3/2019 16:14

If that's the quality of his posts I rather he disappears again :)

[ladeside] 04/3/2019 16:09

Never mind this nonsense Bas, get out in that garden !!!

[westmoreland lad] 04/3/2019 16:04

Ideal time to get back in Bigbas imo.. Good to see you posting again.

[knackers] 04/3/2019 16:02

I think the real significance of a find (and I mean decent find) at Calao, is what it means for the structural plateau on the updip (i.e. on trend) from Mariposa to Sol.

If Indico is anything to go by (reservoir thickness) the oil has accumulated to the west of the NE/SW fault.

[bigbas] 04/3/2019 15:58

Does "significant" in AMER parlance mean the same as "imminent" of a couple of years ago when talking about the OBA

[tsmith2] 04/3/2019 15:35

on basis of 30 days to drill, i think its fair assumption that if it was a duster we would have known by now.

"its an exploration well so not without risk but if it comes in 2-10mn barrels and if the trapping combination is proved then significantly more" - JW's words.

significantly more would mean be at least 20% more than top of range?

[gmilner07] 04/3/2019 15:31

Today's volume of trades very similar to numbers seen a couple of days before 10th Dec when indico oil discovery announced.
They would certainly know now whether Lower sands UNE formation were oil bearing.
Guess is the're looking to gain as much info on the whole indico play & UNE formation but wouldn't look to drill any deeper than 12.000ft.
Indico had first oil shows at around 9.800ft.

[tsmith2] 04/3/2019 15:23

So anytime in next 7 days is my guess

[tsmith2] 04/3/2019 15:21

30 days in malcy interview too

[xxnjr] 04/3/2019 15:06

indeed tgg & charlieeee

[tyler durden1] 04/3/2019 15:05

If they are doing DST then it might take ten days to test exactly, but they will know whilst drilling whether its commercial and before they hit total depth

[charlieeee] 04/3/2019 15:05

The depth they give takes into account the directional drilling.

If you look at the presentation and compare logs of depths, with the contours diagrams alongside (which are the true vertical), the latter are much shallower.

The 30 days has come from the "Malcy" interview and it was his suggestion, with which JW agreed. That might be the ultimate goal, but in these earlier and more important wells, I cannot see them shaving much time off the 38 days for Mariposa (and similar for Indico), so I am in the camp saying end of this week/beginning of next.

Very sorry to hear about Trotting: only 51 is truly shocking.

[thegreatgeraldo] 04/3/2019 14:59

Pointless argument, but Indico was drilled to 10,600 ft....... & the company said, "Calao-1X will be a directional well, with a planned total measured depth of approximately 11,940 ft..."

Usually "measured depth" means feet drilled & will be qualified by a figure for TVD..

[tsmith2] 04/3/2019 14:55

Have a listen https://www.proactiveinvestors.co.uk/companies/stocktube/12135/amerisur-resources-details-2019-work-programme-as-it-spuds-third-cpo-5-well-12135.htmlSays 30 day wells another 10 to test..