Amerisur Resources Share Discussion Threads

[fadilz] 06/3/2019 07:42

All these numbers were already in the public domain, but good to see them again!

If anybody wants to slaver a little over potential here, look at the prospective resources from the 2017 reserves report. Seems that CPO-5 is well on the way to fulfilling the mid to high end prospective resource estimates, which would mean 10x what is shown in the 2018 2P

[kaos3] 06/3/2019 07:38

a Q:
after a success in drilling - there is no obligation to increase reserves in due time (concession contract obligation or something?)? if - in what time?

reserves upgrade when the OilCo does not need external financing could be used to "massage" the stakeholders as wished by the BOD?

nevertheless - AMER is on the run - including reserves upgrade info - which BOD chose to finance and use. they could "sit" on it for a long time !!!!

looking good and feeling happy about amer and in general ;)

[knackers] 06/3/2019 07:36

Time for the wider market to wake-up to the reality of what AMER have in their portfolio.

Crazy upside from just 50% success in CPO5, reckon they’re gonna do a good deal better than that over the next 12-18 months.

[sji] 06/3/2019 07:34

Without new discoveries:

Opening reserves @ 01.01.2018 were 13.94mmbo
Less Production during 2018 was (1.61 + 1.15) 2.76mmbo
Closing reserves @ 31.12.2018 would be 11.18mmbo

With new discoveries:
Closing reserves @ 31.12.2018 are 17.82mmbo

So, the new discoveries have actually increased AMER reserves from 11.18mmbo to 17.82mmbo, a staggering 59.4% of proven reserves in just 1 year!!!!

[fsawatcher] 06/3/2019 07:29

time like this yous wish u had more cookies in the jar

i send ronalds cheeseburger off to swiss lab and they say it got stuff in it that make yous want to eat a nuther one

amer like cheeseburger

it give yous taste for nuther one dunnit

i like double gerkin

my heart slip a sesame seed bun when i saw rns coz i fink oh that must be calaos but that still to be tolde and being scribed in stone nows

[astorcourt] 06/3/2019 07:26

doubt it, market will look at increased reserves and say "so what".
It might get to 17p though.

[broncowarrior] 06/3/2019 07:24

Good news on reserves, will hopefully move the share price back towards the 20p mark.

[gemlotte55] 06/3/2019 07:19

Good that he again reiterates the fully funded drilling campaign.
Was thinking before that why the share price has been languishing was due to the market thinking the company would tap up for more funds. Hopefully this will draw a line under this

[bountyhunter] 06/3/2019 07:12

1P reserves up 27.8% and 2P reserves up 23.6%

[ianpuddifoot] 06/3/2019 07:07

Excellent production figures at COP 5 is it 30% of that for Amerisur?

[tsmith2] 06/3/2019 07:04

Excellent news. The start of many

[jonnib77] 06/3/2019 03:00

I asked this before but didn't get a response. The director bonus for this year are set somewhere around the current share price so is it realistic to think that if someone with lots of clout and who has an agenda, could possibly keep the price around this level regardless of news? Hopefully more oil is found, the price rises to 20-22p then the usual traders sell out followed by sustained selling by whoever wants to control the price back to where we are now? After all very small sales seem to drag this back...

[westmoreland lad] 05/3/2019 23:12

Good question Lbrokes. The relentless seller carries on regardless of potential
good news around the corner and each day turns the screws on b4 the bell in order
to negate any rise in the share price . FWIW I added a few more today sub 16.8p

GL

[lbrokes] 05/3/2019 19:54

Wtf is going on ?

[kaos3] 05/3/2019 16:17

double.

waiting for the results....

[kaos3] 05/3/2019 16:17

there are 2 languages:

- natural eg - energy input/output, natural proportions, ratios etc - which always win in the long run

- human (financial, tax, accounting, regulation ....) which can shift natural one out of balance for a very long period

both are right. take your bets

[thegreatgeraldo] 05/3/2019 16:17

tyler, why waste your time here? Just email the CEO of Chevron, point out the error of his (her?) ways & get appointed to the board.

[tyler durden1] 05/3/2019 16:14

Chevrons international assets produced over 3 times as much as its US assets.

U.S. upstream earnings for 2018 were $3.28 billion compared with $3.64billion previously.

The year before followed a $2.05 billion loss, and the reason it went back to profits was primarily a benefit from U.S. tax reforms to the tune of $3.33billion.

You will note that most of them now will not separate shale from conventional wells, and will also not separate crude production, but instead choose to use the highly dubious BOEPD.

[kaos3] 05/3/2019 16:11

banks are printing money out of thin air and CAN finance whatever is needed. at the expense of those who work for the money and savers. fact. go check!

sometimes USofA needs cheap oil for its own needs.
sometimes they need to reduce "enemy" income
etc

[aceuk] 05/3/2019 16:02

tyler durden1 are you a conspiracy theorist? You really think if things are as bad as you make out regards shale our wonderful press would be keeping schtum?

[xxnjr] 05/3/2019 15:50

Obviously not. Bit of a weak argument though.

[tyler durden1] 05/3/2019 15:41

Exactly. BP for example paid over $10.5billion to BHP for its shale assets. Its hardly going to suggest its not a good investment.

[thegreatgeraldo] 05/3/2019 15:35

Need to take the amount of investment needed to make it happen into account as well....

[tyler durden1] 05/3/2019 15:33

Its not the gloss of CEO's comments that should be taken seriously, it's the accounts, and even then it withholds many costs, as well as costs for plugging and abandoning the many legacy wells.

Look at the gloss from all the companies about making money at $30 oil, then check their accounts against production. Most of them have kept head above water by asset sales raising more finance which is why its the bigger players now.

Look at the SEC filings