Amerisur Resources Share Discussion Threads

[bountyhunter] 09/4/2019 11:57

These awards will be made to the CEO,
the CFO and other staff members and vesting will be
subject to performance conditions.

So long as they set a decent exercise price that will be ok as it will motivate them to get the share price higher. Also they piled in with director purchases at 17p fairly recently so must have confidence going forwards.

[moneylender] 09/4/2019 11:35

This is why Rex Harbour sold out. Page 55 gives all the options being held

Decision for 2019
The CEO salary for 2019 is unchanged from 2018
and remains $850,000. The CFO salary for 2019
has increased by 3% from 2018 to £200,200.
NED fees remain unchanged in 2019 from 2018.

The Company anticipates making LTIP awards to
Executive Directors in spring 2019 of up to 150% of
base salary. These awards will be made to the CEO,
the CFO and other staff members and vesting will be
subject to performance conditions

The Non-executive base fee for 2018 was £58,000,
with additional fees of: £10,000 for chairing the Audit
Committee; £8,500 for chairing the Remuneration
Committee; and £6,000 for being Senior
Independent Director

[rollthedice] 09/4/2019 11:29

Interesting & understandable change to Put-8 Miraparriba-1 drilling plan following recent acquisition of Vetra's share of Put-8:

"As neither Gran Tierra Energy nor Vetra will be partners in Put-8 at the time of drilling, it is unlikely that drilling from the Suroriente block will be attractive. As such, applications have been made to drill Miraparriba-1 and Bienparado-1
from within the block. The order of drilling Miraparriba-1 and Bienparado-1 on Put-8 will be determined based on when the applications are approved."

[moneylender] 09/4/2019 11:11

Company presentation

[podgyted] 09/4/2019 11:08

Arden

"This set of results helps show the cash generation of the existing Amerisur portfolio, which supports the company’s work programmes and acquisitions. After spending a number of years substantially augmenting the portfolio, Amerisur’s work programmes are now starting to gain momentum. Drilling on CPO-5 and workover
activity on Platanillo are ongoing, and drilling on other blocks should come through over the course of this year,supported by funding from the Occidental farm out. We should now be moving into a period of greater catalyst regularity for the stock, with new wells all having the potential to add to discovered resources and be brought onstream quickly to add to cash flows (as we have seen on CPO-5). Based on the existing cash generation capability and funding position, combined with the increasing level of operational and drilling activity, we have
a Buy recommendation and 32p target."

[paradores] 09/4/2019 11:01

I think we’ll see production from Plat in the next 6-8 months at 5-6k bopd, but should expect longer term (next 3-5 years) production to be in the 3-4k bopd range as advised. There are untapped zones as we know but far larger neighbouring blocks to now open.

[moneylender] 09/4/2019 10:59

looks like the 2.4M was a mistake, one cancels the other oterwise we would be well down.

Brent over $70 helping

[rollthedice] 09/4/2019 10:43

Are the multi-zone wells the last hurrah though for Platanillo? What are the depletion rates?

The results were better than I was expecting but that doesn't mean they were particularly good either :)

[foiledagain] 09/4/2019 10:35

Must be one of the few who think the results were fine.

There must have been a lot of costs associated with the Chiritza pumping station, and anyone in business knows mergers, acquisitions or any increased acquisition or farm out of assets requires a lot of due diligence and a lot of expense.

I doubt the farm out was suddenly plucked out of the air or any other of the strategic moves.

Chiritza obviously is a bit galling as it was not a bottleneck many investors were aware of at the euphoric time of the pipeline being proposed/immminent/operational.

[laptop15] 09/4/2019 10:26

Lots of buys showing as sells....sneaky mms, they will let it go soon

[kaos3] 09/4/2019 10:16

for the long termers - does AMER have a habit giving "spike" results where ever possible in the full year reports and a very optimistic full schedule outlook?

are their figures and predictions maintained?

what % of their EBITDA increase correlates to the higher average POO?

[tsmith2] 09/4/2019 10:09

*can anyone

[tsmith2] 09/4/2019 10:08

Can any spot this dial details for the conference call?

[tsmith2] 09/4/2019 10:05

Amerisur ResourcesFinals today from Amerisur but all the information is in the price and I will report back from the conference call should anything emerge. It was by any standards an excellent year for the company, revenue was up 28% to $108.2m, adjusted EBITDA was up by 72% to 34m and with cash of $44.1m and no debt the company reported an operating profit of $11m ($0.3m).Production was 5,356 b/d with 4,113 b/d through the OBA where delivery of the Chiritza pumping station increased the capacity right within the Petroamazonas pipeline system to a minimum of 9,000 b/d. This opens up the possibility for exporting third party crude 'in the coming months'. Exploration success at CPO-5 now firmly establishes production from that field and diversifies the production base whilst the farm-out with Occidental Andina adds a $93.5m exploration and appraisal programme in the Putamayo, bringing forward valuable drilling. The company also acquired the 100% stake in the Putamayo 14 block and after the period end acquired the remaining 50% of Putamayo 8 for $19.1m.Going forward the company has a fully funded work programme of $35m with ten wells planned across the Putumayo and CPO-5. Finally all this success added 27.8% to 1P reserves to 17.82m MMBO and 2P reserves were up 23.6% to 25.59 MMBO. What's not to like about AMER at the moment, it has had exploration success delivering increasing production and revenue and has free cash flow. With the exciting position at CPO-5, partnering Oxy in the Putumayo and third party revenues from the OBA the company is in a very strong position to show significant growth this year and onwards.Malcy

[tsmith2] 09/4/2019 09:51

Just a case of the 4.5mn being digested and we should see a very decent move up.Anyone got the full stifel note?

[moneylender] 09/4/2019 09:46

Lucy/FSA you're both wrong, not sold any since 20p days and bought more last week. That said I am still not happy with the company performance, its time the shareholders got some decent return, not just the directors. I am waiting to see if there are anymore LTIP awards in the near future to incentivize our well paid directors. The manufactured 2016 year end production figures are still fresh in my mind, remember those 7000bopd for two days!!

[sogoesit] 09/4/2019 09:40

Apologies, have cleaned-up the post.
Please use the filter in future.

[fsawatcher] 09/4/2019 09:40

moneylebders

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

i fink you sold amer stock and nows goin to ave to by some viagra coz you out and got a flatten batten

[lucyp00p] 09/4/2019 09:33

Who are you? Its investing, not Dragon's Den. If you, Moneylender or any other no mark want to sell up who on earth gives a damn? There's no need to make an announcement.

[moneylender] 09/4/2019 09:07

Expecting first quarter production update in the next 10 days so cant see any director buys until those numbers are out.