Amerisur Resources Share Discussion Threads

[cantrememberthis2] 07/5/2019 08:37

Rubbish stock to trade I'm out.

[cantrememberthis2] 07/5/2019 08:24

MMs seem to want shares, showing lack of bid interest and widen the gap... yet trades are all coming in... 5%+ today...

[avsome1968] 07/5/2019 08:13

Need news on drills not pipeline loan to get this stagnant price moving north

[lucyp00p] 07/5/2019 08:10

That is why they sold. A handful of shares at the open (and close) every day, just to dampen the mood.

[lucyp00p] 07/5/2019 08:07

If it costs me $23 pbl to truck, I'd happily take a $22.50 haircut, but I suspect we will offer a $5 discount. The OBA spec was upgraded specifically for this purpose, which delayed the project by 18 months and cost Amer a fortune in transport costs as a result. We will not be shipping 3rd party production for a few dollars a time, rest assured.

[martin1962] 07/5/2019 08:05

Did someone just sell at 12.85. This is unreal. I would have thought this was good news.

[bibdaddy] 07/5/2019 08:00

Just voted against resolutions 2 and 4!

[yasrub] 07/5/2019 07:56

Someone asked a week or so ago whether the increased OBA volume was third party - pleased the answer is a definite no. Whilst this approval has taken time it is a step in the right direction. They now need to deliver with a number of agreements, hopefully more to come. It should also make AMER a good strategic option.

[tsmith2] 07/5/2019 07:53

That would be $10mm profit just on this one deal!

[gemlotte55] 07/5/2019 07:53

Pay for all the drilling 🤔

[tsmith2] 07/5/2019 07:53

You expect it to bd as high as that?

[tsmith2] 07/5/2019 07:52

so extra $2-5mn straight through to the bottom line? With just this one. They'll do more deals. If they can get $7-10mn pa bottom line, that would be excellent going

[lucyp00p] 07/5/2019 07:51

Trucking costs were >$20 pbl so if we procure local production at $18 discount we make $14 profit. Plus OBA throughout is free until costs of pumping station are fully recovered.

[avsome1968] 07/5/2019 07:48

Any extra revenue all helps.

[foiledagain] 07/5/2019 07:48

quid. But he would be hard pressed to argue that if the share price is not his problem, then the LTIP should not be giving rewards,

The LTIP should be ONLY tied to profitability in my opinion, otherwise they get several bites of the same cherry.

They get rewarded for a pipeline in terms of options and salaries etc., then if profitability increases, no doubt they get rewarded again on the LTIP based on that. It should only be the latter.

[sji] 07/5/2019 07:45

Since the OBA reduces transport costs from $14/bbl to just $3.9/bbl*, a saving of $10.1/bbl, I would expect a profit margin close to $7/bbl!

* hxxp://www.amerisurresources.com/images/rns-pdfs/Investor-Presentation-Feb-2019.pdf

[the drewster] 07/5/2019 07:41

Oxy farm in announced nearly 6 months ago now, but still nothing announced regarding any progress on their commitments.

I have in my notes that the margins on 3rd party oil through OBA were $10 but I didn't note down who said it or when. It was when they said it was better commercially to buy the oil locally and ship it through OBA.

[moneylender] 07/5/2019 07:26

Tommy I have no idea what profit margin they're working on, just used two dollars as an example. It all goes to bottom line, after expenses as you point out.

[tommygriff] 07/5/2019 07:23

Surely we will get more than $2 a barrel. That wouldn't even cover GC's expenses.Would we not be talking more $5-7? Then we can cover nick & JW's expenses as well!

[moneylender] 07/5/2019 07:21

That would be commercially sensitive and stupid!!!

[tsmith2] 07/5/2019 07:19

It's a shame they don't mention/indicate how much we would be making.

[moneylender] 07/5/2019 07:14

2000 bopd from our neighbours is a good little earner at say $2 a barrel net.

[kaos3] 07/5/2019 07:10

when was the approval granted? it is RNSed today. I can not find it. tia

[bibdaddy] 07/5/2019 07:10

The start of a stream of positive news to save GC's job!

[tsmith2] 07/5/2019 07:07

Great news