Amerisur Resources Share Discussion Threads

[underhill2] 26/3/2019 11:40

Yes it is supply and demand. Whilst Im here for the long term todays rns was bad news. Those traders in here for a quick buck are selling out and moving on. There is always considerable risk in investing in E & P shares. Hopefully in the long term this will come good but Im expecting a long wait.

[thegreatgeraldo] 26/3/2019 11:23

kaos3
26 Mar '19 - 11:14 - 18488 of 18491
0 0 0
in todays RNS I would wellcome cash reserves, allocated cash and free cash reserves

..Finals due in a few weeks....

[tsmith2] 26/3/2019 11:17

T traders and spread betters being cleared out

[juuunx2] 26/3/2019 11:15

Yeh your probably spot on there

[juuunx2] 26/3/2019 11:15

Agreed they seem to keep cash reserves quiet

[kaos3] 26/3/2019 11:14

in todays RNS I would wellcome cash reserves, allocated cash and free cash reserves

[kaos3] 26/3/2019 10:55

prob big buyers determine the floor and MMs act and synchronize them

[juuunx2] 26/3/2019 10:52

I'm amazed they pick a figure out of thin air for the drop. 15 percent pretty much plucked at random me thinks it's not supply demand

[juuunx2] 26/3/2019 10:50

Ah thanks Lucy

[tyler durden1] 26/3/2019 10:45

Amerisur website

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).

So why take it from OBA bound oil?

[tyler durden1] 26/3/2019 10:35

Still find the royalty barrels a bit strange

We supposedly have storage tanks storing thousands of barrels of oil instead they take oil bound for the OBA? Is there no oil in storage?

[lucyp00p] 26/3/2019 10:31

We've finished with the royalty barrels

[kaos3] 26/3/2019 10:26

what water I am asking myself ????
is it not funny? I must admit they must be Monthys Flying Circus fans to get their ideas

no one with me as usual but my friend lucy

PS there seems to be more than 1 big accumulator. good. one day they will get what they deserve.

PSS - lucy - thank you for your post above - I can count on your friendly reflex

[juuunx2] 26/3/2019 10:22

Could you clarify the good news because I read through and couldn't find it anywhere or am I being stupid

[jp2011] 26/3/2019 10:16

JW has become more of a deal maker and strategist, he's a bit rubbish at the investor stuff, news management and operational delivery which is where the real value is created.

[marnewton] 26/3/2019 10:14

Clarification...

Sentiment, sentiment, sentiment.

M

[jp2011] 26/3/2019 10:08

Just a shame it's nowhere near Platanillo-8 (17%water) but hey they can always dump the odd load in the local river.

[lucyp00p] 26/3/2019 10:08

Clarification please.Market value of Amer. Is down about £30mm because an exploration drill costing $3mm which was only doing what we do and who's potential upside was never featured in the share price came up empty. Whereas history shows that a producing well would not have greatly moved the share price at all.I thought I understood stuff, but Amerisur never ceases to turn my training on it's head. Meanwhile, the positive news is ignored.

[11_percent] 26/3/2019 09:57

"Sol and Aguila are more defined closures."
Because Indico is completely trapped, the entire enclosure (it’s LS3) maybe filled with oil. It’ll be an interesting appraisal.


t’ll be an interesting appraisal...…...indeed....no looking back...….when do get a spud RNS for the next well = Indico appraisal.

[dgarvey] 26/3/2019 09:51

On the bright side, they have somewhere to get rid of the water ~ 140 barrels a day.

[paradores] 26/3/2019 09:50

Sol and Aguila are more defined closures.
Because Indico is completely trapped, the entire enclosure (it’s LS3) maybe filled with oil. It’ll be an interesting appraisal.

..after Mariposa and the excellent result at Indico think you’d be forgiven for taking the the punt on those neighbouring highs. Rude not to etc Indico’s no small structure poss one of the largest/deepest in the block. Onwards and upwards.
Just mulling another top up. The chance of a hostile offer for the business just multipled.

[11_percent] 26/3/2019 09:43

paradores,

I don't understand what you are saying.

"I’d have thought they’ll now be prioritising the structures in CPO5 ie Sol / Aguila as similar to Indico."


Calao is a CP05 structure, its just that they are now saying it is not closed.


Both Sol / Aguila could be similar, ie not closed.
=========

"If Indico is a fully trapped the entire LS3 could be toppers"

IMO, it is unlikely that Indico traps the entire LS3 strata.
Surely Calao proves it does not.

However, with Calao being lower than thought, the top of the Calao could be below the bottom of Indico, IF it encloses the entire LS3.
------

"Think they will now stick with the structural highs."......yes, agreed. They should stick to the "tops".
Is this why Pavo is now on hold.

[juuunx2] 26/3/2019 09:34

Ah well (excuse the pun) I'm making most of the drop and adding a few more to bring average down. Keep the faith guys

[tsmith2] 26/3/2019 09:33

Looks like PIs needing to sell have sold out. Progressive recover during the day