Amerisur Resources Share Discussion Threads

[rollthedice] 16/4/2019 08:45

This is getting a bit silly now, sub 13p

[tyler durden1] 16/4/2019 07:51

underhill. What a strange analogy. "The City is fed up and that's why we have small private investors selling out"

So where is the evidence for that?

The City and insitutiitions do not seem to be selling out do they?

Only RH seems to have caused havoc with selling this last year or so.

Why would Amerisur bust a gut to do anything with him selling busloads.

Treasure: LTIP. Doesn't mean its right.

Your comment on options might not be correct though, as I suspect they will still take up their options and see the comment they had to sell to pay the tax on the shares, leaving them with more free shares. What's the cost of taking up these options?

A little more credibility if they don't take them up, as they should be ashamed to take them up under the circumstances anyway. Look JW is a really experienced oily, agree with some of what you say, but it was just a few weeks ago he was being given the credit for all the success at CPO-5 as if he was the guiding light, and I didn't see him or anyone else saying otherwise in interviews.

GC, for all the criticisms on here, has some really important contacts in government and internationally, but my criticism is still they give too little and take too much. It should all be on par with what shareholders get.At present they get ridiculously overcompensated often for failure, because the LTIP represents notional value/targets that mean nothing if they do not end up with Amerisur earning more earnings and profit.

[underhill2] 15/4/2019 23:19

I have thought that for a long time. New Management required asap or a takeover at a decent price. We need a Management who project targets which are achievable and not just figures dreamt up. The City agrees because thats why the share price is around 13p. This figure of 7,000 bpd has been touted for a few years and yet today we still struggle to reach what is now an old target. The City is fed up and thats why we have small private investors selling out.

[11_percent] 15/4/2019 22:51

JW just seems to be a compulsive liar. He comes out in these interviews and presentations and says things like "10 wells".


He must know when he says this that there is not a hope in hell of doing it.


Until we get someone in charge who can PLAN, and then deliver on the plan, then this is going stumble on.

[bryet] 15/4/2019 22:26

Good results are the only thing that will increase the share price imo to long has it been things will get better tomorrow what happened to that 7000bod we are still limping along at half that its let downs like that which make Lths like me angry. Going to give it another 12months just to see if they can pull it around but fast beginning to think its beyond the present board.

[davwal] 15/4/2019 21:14

Thing with Amer ltips is that when they are not achieved the board simply sets the bar lower, and lower.... And Treasure, whatever you think of folk on here, we are not the cause of the current inertia. Most of us have repeatedly bought more shares over some time, and yes it can get wearing at times which releases a bit of carping. Quelle surprise!

[treasure] 15/4/2019 20:54

Hi foiled again
I don't think I have ever come across an ltip that reflects a loss of value, they just don't get the shares. The thing is at this stage at least it doesn't look like they are going to benefit anyway from the 2016 plan which matures next month and if they do it will have meant the share would have doubled in around 3 weeks and of course there is nothing that guarantees that this latest ltip is going to come good either.
Hi tsmith. The thing I'm saying is that many are slating him on here as useless, he clearly is not useless as why I refer to achievements at emerald energy. There's to many double standards on here is what grinds my gears. Any success at cpo 5 is not down to JW and the team it is down to Ongc,then if there is a delay at cpo 5 or a duster it's all the fault of JW. They negotiate as operator a 93 million farm in to blocks that cost next to nothing and people moan that it means nothing until the thing is drilled, no one on the bear take has mentioned the value of the OBA and possibly imminent news flow, nor that they are debt free people moan that they have to much money. Oh and cpo 5 cost peanuts as well and the value of that alone by next year is going to be huge if we get a few more hits around indico and mariposa let alone the others. While this share is being played I am happy to wait it out and purchase more along the way. Apologies to anyone if I have offended with my remarks.

[dodge_city] 15/4/2019 18:20

I need money, please help.

[kaos3] 15/4/2019 17:41

we take profit and loss case - and all agree

they take profit case only - and many agree with that

mathematically and morally asymmetric and unjust

as it is about risk taking
------------------------------------
work is wages and salaries

[foiledagain] 15/4/2019 16:55

treasure:

But then if the LTIP are only based on the notional value creation, it should reflect the loss of value also.

I have no problem with LTIP being a reasonable reward for increasing profit, but not for notional values that mean F all.

If it was based on profit, then any notional value that came good would reflect in higher profit and reflect in the LTIP.

Otherwise its awards for nothing substantive and if shareholders can't enjoy dividends based on increased profit then neither should directors overseeing the company.

[fsawatcher] 15/4/2019 16:51

plat on a platter

with gravy you be 'ach' es

[siriusbizness] 15/4/2019 16:39

Will there be a quarterly ops update this week?

[bryet] 15/4/2019 16:32

The usual drip drip down.

[tsmith2] 15/4/2019 14:59

Why should we on this board give him credit for what he or may not have done at EE?

[treasure] 15/4/2019 14:48

Ai101k
The thing is these shares are around 13p not 60 odd if we calling it as it is now, the long term investor is looking and the jam tomorrow is over a couple of years and some start as that but actually hope to get out in 2 weeks. People bought BP at seven quid not for the jam but for the divi and saw 2 quid and not just the oil spill but the oil drop. I remember another company Severn Trent water, the new boss came in, liv Garfield, spent millions buying back shares with borrowed money, pushed the shares to over 30 quid, she got her bonus shares and now they are back under 20 quid. Are they useless ceo's that run all these companies where the shares dropped. With JW, someone please correct me, but was it Ongc as operator that wanted to drill Calao first and not indico 2 or was it JW, yet he gets shafted on these boards as its his fault. And when he's being given the shaft on here people forget to mention what he did at emerald energy....I'm in for the jam, in for waiting a couple of years and understand this is exploration company on aim so happy with the ups and downs....to be being a big negative is that GC hasn't impressed me yet though.

[tsmith2] 15/4/2019 14:44

wasn't a Q..

[underhill2] 15/4/2019 14:30

As a Management puppet he is not allowed to be negative !

[lucyp00p] 15/4/2019 14:23

As they never (as far as I know), publish the votes, it's a bit like voting for Mugabe. Sometimes 110% of votes are in favour.

[charlieeee] 15/4/2019 14:05

It is only be the institutions that can change the conduct with their votes. I went to the AGM last year and protest voted against N H (but only the ISA). They do make it difficult to vote the Nominee shares, but it can be done.

To be fair, more than half the awards are to staff.

RE JW, he delivered OXY, as well as the shock duster: all part of the same animal, a high rolling risk taker.

[foiledagain] 15/4/2019 13:54

Wonder if its too late to put in resolution for change of name to reflect more accurately the business model.

FEveryoneelsebutbod (AIM listing FU)

Perhaps a naming competition or even registering as a charity

All in jest of course, this will still reap rewards for shareholders.

The small print changes announced previously suggest something else is going on and JW put up a significant wedge and Giles will want his retirement via a sell off at some stage imo.

We can whinge, but doubt many will bother to vote, and often question whether companies holding nominee shares actually vote they way their holders advise them, as I'm not sure there is an obligation, but stand to be corrected.

[charlieeee] 15/4/2019 13:54

"The comparator group for 2019 has been modified, considering industry consolidation, changes in market capitalisation, reserves and production, to include the following UK and Canadian quoted E&P companies:
Arrow Exploration,
Bowleven Oil & Gas,
Canacol Energy,
Echo Energy,
EnQuest,
Genel Energy,
Gran Tierra Energy,
Lekoil,
Pantheon Resources,
Parex Resources,
Parkmead Group,
Petrotal,
Phoenix Global,
SOCO International
Sound Energy".

[tsmith2] 15/4/2019 13:38

Malcy's called the share price criminal, I agree.didn't comment on LTIP award - I wonder why

[lucyp00p] 15/4/2019 13:08

Debenhams?

[napoleon 14th] 15/4/2019 12:40

rollthedice15 Apr '19 - 09:16 - 19068 of 19084
" we do not know which companies are to be used as the comparitives. "

sou/echo & coro?