Amerisur Resources Share Discussion Threads

[treasure] 15/6/2019 10:31

Oh, forgot to add re OBA fees, Amer are buying the oil from third parties after it has been trucked to our infrastructure and guys here mention we may get 8 dollars pure profit per barrel but with the OXY deal it states a commercial tariff which I presume will be a lot less which is worth noting however I would be most interested in what people here could attribute a value to the OBA based on pumping 4000 per day of third party oil let alone in 2 years. Future money in my opinion will be spent by Amer opening up the bottlenecks which they in the end get back by not paying the tariffs as per what has happened with Chiritza

[treasure] 15/6/2019 10:26

Dan, not sure they need another OBA as it has capacity for up to 70,000 BOPD or thereabouts but the follow on pipe only has 9000 capacity which is higher since the Chiritza pumping station was commisioned. Lots being said about Sol, yep great if it is a hit but action is when we're going at indico 2 and mariposa 2 and also the OXY seismic in my opinion. Can't remember if it was 4 million barrels being targeted at sol of which we get 30 percent minus royalties etc leaves us with about 20 percent of 4 million which is great but not that much. If pint 22 sidetrack works that will possible add more Bopd to Amer than sol. From memory, pint 22 used to hit 650 bopd last year but then had issues with cement degregation and high water cut. I think they got it back to 350 or 450 so a side track potentially could add a good bit and straight through the OBA. Sol 1 is all about sentiment in my opinion but is very much welcomed if a hit. Potentially if pint 22 and sol go well we should be over 7500 bopd perhaps. Loads of great posters on here and LSE with proper knowledge worth following. Colonel drake on LSE board does a good post early each month detailing what II are selling and which are buying is also interesting read.

[sabre6] 15/6/2019 09:37

How do you know this is not the game plan?

[danieldruff2] 14/6/2019 20:50

That's exactly what people said about Calao...!
It would be nice to get some good drilling results, though I feel that if Amer built a few more pipelines like the OBA, we could forget about the oil and just cream off the transport fees...

[fadilz] 14/6/2019 18:09

If Sol-1 had reached TD and logging was under way on the 11th as Malcy claims, then I for one feel optimism is in order - the longer it takes the better is my view. No reason to hold back bad news, and bad news would be known sooner and probably by now.

[paradores] 14/6/2019 17:11

Try 30p, hardly demanding.

To be bottomed out here is just silly...ignore

[willec1979] 14/6/2019 17:00

If I remember correctly when we were last at 20p we were not in suh a good position as we are now. So for me even iff we hit 20 - 25p we would still be significantly undervalued. Anyone agree?

[paradores] 14/6/2019 14:05

Phaps, but at least they have their faculties...

[fsawatcher] 14/6/2019 13:50

fuek me it like a over 70's day centre here today

someon pass me the dominos

[knackers] 14/6/2019 13:35

I recall the boghammer threat in the straits in the late 80s. The v last thing you want on top of the heat and humidity - those that haven’t been there have no idea... these guys are cunning and merciless. I wish those exercising rightful passage a safe transit. For every attack there are dozens of scary encounters.

How I see things now - it looks like the GOO is a new front, conveniently outside the Gulf so greater wiggle room for those with criminal intent. Another attack like this and the carriers will begin to cut seaborne services. Fact.

Whoever is pulling the levers behind scenes and fixing the current POO haven’t quite realised that a significant chunk of global oil supply chains are at perilous risk. Incredulously, none of that is currently factored in today’s price.

Just keep watching as that’ll change. From the cheap seats Iranian intentions couldn’t be clearer, they have little to lose...

What happened to the RN’s Armilla Patrol...? or should that be, what happened to the RN?!

[treasure] 14/6/2019 13:34

FSA watcher, it's perhaps clear that I am a holder of the stock what's your position. Do you own any. A previous post of yours suggest you will buy at 6p after a sol duster. You could well be correct and that would be in my opinion a superb buy if it arises. For now, I suggest that the likelihood of a sol duster, followed by an indico 2 duster followed by a mariposa 2 duster is unlikely. You reference counting ones chips etc, not sure what you mean there. Your point about GTE and PUT 7 duster, are you therefore agreeing that because of that, indeed it would be a good idea for GTE to take a piece of PUT 8, Well, no need to suggest that as GTE already tried but failed when they purchased Vetra not so long ago didn't they. However, keep,posting, I love your style. Good luck with your investing. If it hits 6p I will buy some more.

[tyler durden1] 14/6/2019 12:54

Has all the big seller stock gone now?

[mojad5] 14/6/2019 12:51

Very consistent OBA throughput: 5 days @ 4510 bbls.

[fsawatcher] 14/6/2019 11:08

treasure

put 7 drill by gte and it turn out to be pants

they woz as exsighted as a worzle with a jersey royal when they spud put 7

dont count ya chips untol they fried innit

sunflower or rapeseed

that wot it about coz it be bad for healf if put 8 be as bad as put 7

southen fried is best

[bigwavedave] 14/6/2019 09:14

Of course he has. He says he's a buyer at 12p. No brainer, double your dollar no problem.

[moneylender] 14/6/2019 09:12

BWD has he got shares as well?

[knackers] 14/6/2019 09:08

If things get any worse in Hormuz, and the PG region generally, large oil will be forced to switch to sourcing from more stable regions...just try naming them!!!
I hate to be the bearer of bad news but Iran have been backed into a corner by the US and have no doubt that the situation in the Gulf will significantly deteriorate before getting better...and we’re talking many years away, esp if Team Trump is re-elected.

NB I flagged Hormuz a few times last year. Having worked there at the height of the troubles in the 80s know exactly what carriers are up against. Things could escalate v rapidly indeed and insurers will pull their cover.

[bigwavedave] 14/6/2019 09:07

From the office of El Presidente:

[knackers] 14/6/2019 08:55

The return to appraise Indico after Sol is interesting as I think after three years of sustained, steady high pressure natural flow from down-dip Mariposa (from Indico) all the indicators are that Mariposa and Indico are connected - at depth. Little point prioritising a relatively small, if solid closure (Aguila) if your pressure models now point to there being a far larger reservoir offering v low risk and promise of significant reserves upgrades.

Also not certain Aquila is drill ready.

If Sol comes in and the first Indico appraisal successful, you will need at least one drill rig permanently in that Indico/Pavo/Mariposa triangle as there are at least another 5 or 6 appraisals and prospects to go after. Clearly after Calao they know they need to stick to the structures/closures, but above the LS3 if there’s a good trap/closure (as per 3D seismic) there seems every reason for plenty more large, high quality finds in that I-P-M corner.

Sol is clearly more of a step out, but as it’s up dip from Indico and on trend, if the closure is sound... it could be an interesting next few weeks.

[quidnunc] 14/6/2019 08:40

If there were going to be a Bid, Hostile especially, it would've happened by now.
The bigger oilies are not stupid and are very conscious of their own opportunities.

No doubt they have discovered that there is a robust defence in place (evident in the large cash reserves and profitable operations) all of which means that if they want to buy, they'd have to knock politely on the front door and pay the asking price.

I think, when the time looks right, that is exactly what will happen & I think that JW and GC will quietly flag the opportunity to ensure a top exit price for themselves.
Q.

[treasure] 13/6/2019 21:31

The block they nabbed from under the nose of GTE will be a nice earner in time. I'd rather we keep 100% but think they will farm out again and as JW said in an interview that it was always the strategy to farm out to one of the big players so odds on it will be OXY again for this block in my opinion. If GTE are going to bid they will have to get on with it or there will be no point bidding as other players will get right of first refusal on to many of the blocks but they would get the OBA which is worth an absolute fortune if any of these blocks near bye come in, well that little 4km pipe value explodes I guess.

[treasure] 13/6/2019 21:21

FSAwatcher, the value of the 4 blocks that have been farmed out is at least 2 x 93.25 million dollars. This would need to be recognised when or if an offer is made. I disagree with your point that drilling not until 2021. The action starts when seismic kicks off and not before the drilling anyway. Re CPO-5, OK SOL may be a duster but of course may be full of oil but the chances of SOL and indico 2 or mariposa 2 all being dusters is very slim. This would also raise the value of that block and would need to be recognised if an offer is made as both OXY and ONGC would get right of first refusal on those respective blocks and possibly the reason why they don't need to necessarily bid for the whole company which in my opinion protects us from a low value bid. Agree with willec that the end game would be at least 50p but as long as no bid in the next 18 months it could be a higher. Personally hoping we can see out the next few years and the true value will emerge. Who would disagree that the potential of cpo-5 is bigger than llanos 34 above that I think produces 50,000 per day. No well as yet produces anything like mariposa let alone indico. I get that a number of posters are fed up because share price is low today and shate investment so far but also needs some realisation of what we have in these blocks let alone the OBA.