Amerisur Resources Share Discussion Threads

[davwal] 03/4/2019 09:06

What a well balanced, objective piece of left wing anti-capitalist journalism...

[avsome1968] 03/4/2019 08:53

Ken when are you going to change your name to Ken chung-off

[marnewton] 03/4/2019 08:52

By the time The Guardian has spun a story it's not worth the paper it's barely printed on.

Just look at the so called journalists they employ.

Under the 'original' Scott Trust it was worthy, if lefty...no more.

M

[avsome1968] 03/4/2019 08:38

wow interesting read that's worrying

[bad gateway] 03/4/2019 08:33

Philanthropy the love of humanity? No that doesn't sound right, not from that article anyway.
Do you normally show love of humanity by showing them the barrel of your guns? Well yes I suppose we brits do actually.

[foiledagain] 03/4/2019 08:20

Expect the Siona have noted how well the BoD reward themselves with options etc., and want to get on board that gravy train....


NEWSFLASH TO SIONA: Shareholders would like some returns too.

The FARC did the damage to the communities and some of the community damaged pipelines and stole oil causing leakages galore. Rivers did have oil, compliments of oil barges being blown up by the FARC.

The real problem here was the FARC.

Amerisur's problem is its been too philanthropic, raising the expectations of being able to get more and more out of the company, when shareholders are getting F all at present

[notimpressed] 03/4/2019 00:15

from the guardian

[notimpressed] 03/4/2019 00:15

from the guardian

[davwal] 02/4/2019 20:28

“Whistleblowers at IEA said how depletion rates were being deliberately understated,”

Perish the thought that Amer would stoop so low...

[tyler durden1] 02/4/2019 17:57

Ah but therein is the problem. The 48 billion is Saudi's figure. Saudis who confirmed that depletion rates were much higher than stated in Wikileaks cables to USA. Depletion rate of 1% is ridiculous. If it was then they would not be water flooding.

Its hard to see 48 billion as recoverable if they've been subject to water flooding for years and years. Likewise the depletion figures are simply fictional.

Whistleblowers at IEA said how depletion rates were being deliberately understated, and the Saudi minister in the Wikileaks cable suggested similar.

Notice how the LSE amended the rules SOLELY FOR THIS IPO.

This watered down corporate governance rules and gave the Saudi free reign over most things as LSE didn't want to miss out.



hxxps://www.researchgate.net/publication/46496655_Giant_oil_field_decline_rates_and_their_influence_on_world_oil_production

[thegreatgeraldo] 02/4/2019 17:20

Interesting about Ghawar..... although waterflood there is not news, they've been doing it for years..... & Ghawar down to 48 billion bbls is hardly a disaster....

[knackers] 02/4/2019 16:15

Production or rather exports also sustained by massive reserves draw.

I predict:
a) E&P sector re-rate this year
b) Brent POO average comfortably holding $75-85 trading range later half of the year, with some ‘dizzy’ moment on the cards. Ceteris paribus for Iranian + Venezuelan sanctions.

[tyler durden1] 02/4/2019 15:47

OH DEAR GHAWAR IS FAILING?

This also does not mention that the current production is only sustained my a massive water flooding campaign. Millions of barrels of water per well required...in the middle of a desert.

Suggests from previous leaked communications that Saudi are massaging their oil production and export figures, especially before an IPO where its unlikely it will come to the UK as it won't meet the rules and has already tried to get London to accept conditions that would not be acceptable for any IPO.

They also suggest their oilfields only deplete by 1%.....YEH RIGHT. Thats why they are using water flooding to eek out what they can because of depletion.

[knackers] 02/4/2019 12:58

AT trades now on the offer. Makes a change.

General commentary now doing the rounds ‘Oil supply threats multiply’, perfect storm of sanctions, IMO 2020, shale industry potentially going into reverse due to “technical and financial ‘issues’”

POO 2H19 forecasts may need reappraising.

[acv74] 02/4/2019 12:35

Yes I meant less poor.I did invest what I thought was safe money at a nice yield once in RBS and Lloyd's, what could be safer than banks????

[wbecki] 02/4/2019 12:19

"Lucyp00p
2 Apr '19 - 12:18 - 18672 of 18672
0 1 0
I think ACV probably meant a damn site less poor."

Ah ha, that'd be correct yes! :)

[lucyp00p] 02/4/2019 12:18

I think ACV probably meant a damn site less poor.

[wbecki] 02/4/2019 12:07

@ACV

Not necessarily.

I used to have the max £30,000 a while back. Used to get plenty of £50 wins,but nothing more. Then with falling yields the payouts dropped - cant remember what %% yield dropped to. 1.5% or so I hazile recall.

Binned them all and bought some BP(and some other bits) at the time - BP Immediately Post Macondo plummet. Rest I bought have been mixed.

Bit of a scam the Premium bonds if you ask me as most earn a pittance.

[acv74] 02/4/2019 11:57

Premium bonds.....pretty sure if I'd have invested in premium bonds instead of shares all these years I'd be a damn sight richer!!The lure of the big one is always there though, Amer has tantalisingly been on the cusp of something massive pretty much forever.

[tyler durden1] 02/4/2019 11:50

"It is a refrain uttered by sports fans at the end of every losing season: Wait ‘til next year.

Only this time, it is coming from Chevron, one of the world’s largest private sector oil producers. The oil and gas giant is now admitting that its enormous bets on the Permian Basin will continue to bleed red ink for the rest of 2019. Investors will have to wait for yet another year — at least — until Chevron’s Permian assets start to pay off.

The “just wait” refrain has been sounded many times from the smaller players that pioneered the so‑called shale revolution. Most of these fracking-focused companies have consistently spent more on drilling and related capital outlays than they have generated through selling oil and gas, based on an analysis of 32 companies by the Institute for Energy Economics and Financial Analysis (IEEFA) and Sightline Institute. Even in times of high oil prices, fracking companies have unfailingly deprived their investors of healthy cash returns."