Amerisur Resources Share Discussion Threads

[yasrub] 09/4/2019 09:02

On holding sales in December I made a crude estimate of a reduction of $8m in sales - which when looking at Stifel comments may not be far out. I would suggest another cashflow positive for the first qtr.

[moneylender] 09/4/2019 09:00

Amer tweet

Our strong financial performance was driven by production growth and higher oil prices, with netbacks of $43/bbl (average realised oil price of $64.8/bbl) and significant revenue growth of 28% to $108.2m (2017: $84.7m) #OOTT #OIL #AMER

continues to have a robust cash position of $44.1m and zero debt and reports a strong growth in operating profit to $11m

[tsmith2] 09/4/2019 08:55

4.5m sells taken out. good

[laptop15] 09/4/2019 08:49

BLUE SKYS AHEAD THIS WEEK

[laptop15] 09/4/2019 08:49

Director buys or overhang gone with those big trades either way good news imo

[moneylender] 09/4/2019 08:47

2 big trades gone through 2 and 2.4M, could well be connected, showing as sells but they obviously are not.

[jp2011] 09/4/2019 08:42

If a factory produced a widget unsold at year end then valued on the balance sheet at lower of cost or net realisable value so could be c$20bo but not sure if royalties paid when sold or due when physically produced. They haven't disclosed volume of oil held in storage.What I'm trying to say is the underlying cash for 2018 is better than shown.

[laptop15] 09/4/2019 08:39

745,885 trade I bet is a director buy I bet....director buy RNSs will be coming over the next few day :))) so to steadily rise like last year from 14p-18p over the next few days/weeks

[broncowarrior] 09/4/2019 08:33

Looking good and with oil up at the moment shame that last well wasn't viable - if it had been we would be looking at 25-30p now on momentum and oil price.

[swerves1] 09/4/2019 08:29

I'm looking forward to the 2019 Q1 figures. The results then will be stonking imo

[yasrub] 09/4/2019 08:27

On cashflow application has been made (listed in receivables - VAT) $15m that would certainly help !

[moneylender] 09/4/2019 08:26

looking a bit better, glad to see it above 14p, but its still jam tomorrow as most will be under water at this price!

[somnus101] 09/4/2019 08:25

2M+ Buys in 20 mins. Wake up! Great and positive results and prospects.

[eddie_yates] 09/4/2019 08:24

Is the $19.1m paid for Putumayo 8 included in the figures?

[gemlotte55] 09/4/2019 08:23

Director's dipping in today?

[podgyted] 09/4/2019 08:23

Would have said the excitement is still to come - drill bits turning.

Also seem to getting the core production sorted.

They're predicting a successful year coming up if they have a $35m program that's fully funded ($43m in bank less $20m license purchase means they are expecting significant free cashflow this year)

[bountyhunter] 09/4/2019 08:22

Despite blatant repetitive attempts to talk this down the share price is up not down on solid results with good prospects. Ignore moneylender's incessant deramping, he shouts too much.

[bryet] 09/4/2019 08:20

Looks like jam tomorrow AGAIN!!.

[podgyted] 09/4/2019 08:18

Now 13.76 to sell.

Last year there some significant director buys just after results .... I wonder. Wouldnt have said the price here is stretched by any means, quite the reverse.

[moneylender] 09/4/2019 08:17

Looking slightly stronger, more PI's coming in.

Think thats the end of the excitement for another 6 months!

[moneylender] 09/4/2019 08:12

Definition of 'think'

to believe something or have an opinion or idea:

Still 13.56p to sell

[paradores] 09/4/2019 08:11

Dec production held back, what a great call that was - should be well over 20p given tx to market overhead from Platanillo via OBA.
Rude health and fantastic acreage.

Interims are gonna be STONKING perfect combo of high POO and record production from Plat and OBA through-put.

Re-rate

[moneylender] 09/4/2019 08:07

Flat start as I thought, nothing in those results to set the world on fire. 2019 is starting to look as difficult as 2018.
Current production circa 5500bopd