Amerisur Resources Share Discussion Threads

[rollthedice] 19/6/2019 13:38

True enough Lucyp00p, but even discounting the farm-in there's more than hope to the upside and not an awful lot (famous last words?) to the down at current share price

[lucyp00p] 19/6/2019 12:41

OXY just paid massively over the odds to frack the Permian with oil down 15% since the deal - without shareholder consent, was struck. Just because the lady in charge has the chequebook, doesn't mean she knows what she's doing with the money. $93mm is purely r & d spend to them. If it comes in, obviously, it's fantastic and exponentially rewarding to all, but it can't represent value to us until it does. It was a great deal for Amerisur, but let's not get ahead of ourselves........again.

[rollthedice] 19/6/2019 12:26

OXY have now paid/committed to c$112m for 50% shares in some of AMER's undeveloped assets which would suggest a market of double that + Platanillo & CPO-5 + cash... which comes to a lot more than current share price

[kaos3] 19/6/2019 12:06

davwal - intelligent response

[davwal] 19/6/2019 12:04

Kaos, Amer is sitting on Oxy’s cash and it only gets returned if Government reject the Oxy farm-in. That ain’t gonna happen. Anyway the worst that could happen is Amer holds 100%, which you say would be a good situation! You can’t have it both ways...

[moneylender] 19/6/2019 11:53

OBA throughput is consistent at 4500bopd for June up to the 17th

[acv74] 19/6/2019 11:52

Maybe I'm a bit thick but I'm happy with how things are going right nowA) the production issues at Plat seem to be being sorted outB) production back up to c.7k, could easily be 10k by year endC) transformational deal with a major player, 95m ponied up by them for the privilege, 2020-2021 Will see a huge amount of actionD) CPO-5, still massive transformational potential despite a set back or 2.E) we actually seem to be drilling some holes now

[kaos3] 19/6/2019 11:51

and exactly that attitude is what i am pointingat - trusting someone else with 19 mil and saying there is no risk.

I really am old fashioned and alone but my friend lucy

lol

[kaos3] 19/6/2019 11:30

great. thank you. so you know where is amers cashto make such a statement.

where exactly is it?

that was my original point. not about oxy deal per se.

what do you define as no risk?

financing some ones purchase hoping to be repaid?

[davwal] 19/6/2019 11:27

The orchestration around the deal includes Government, and it’s been announced now with its blessing. Amer’s cash is not at risk.

[kaos3] 19/6/2019 11:08

oxy deal is good!

but

are they stupid to invest so much - I do not think so.

which makes it an issue - why did we not keep it for our selfs if it is such a good deal. specially as we remain operator.

we have cash to do it. we will be doing it.

prelude to a takeover? but not a straight one. slice by slice.
if there is another deal with oxy - i will get further confirmation.

doing slice by slice takeover would be decreasing TO premiums

[xxnjr] 19/6/2019 11:07

OXY are great partners. Their technical guys will ensure future drilling is to the highest standards.

[kaos3] 19/6/2019 11:04

ok - deal was pre arranged. why did amer finance it - not oxy?

a simple Q. amers cash was "at risk". minimal but still. what did we get for it? smiles? good relationship. very good

[davwal] 19/6/2019 11:04

Yes CtR, Given the general increased interest in Colombia it seems only a matter of time before there’s a knock on the door - or it gets kicked in...

[davwal] 19/6/2019 11:00

Lucy I think we understand your point. To me the fact that we are in bed with a no-nonsense outfit like Oxy will ironically put pressure back on Amer to cut the waffle and sloppy delivery and get seriously producing. We can surely only benefit from that pressure.

[crossing_the_rubicon] 19/6/2019 10:55

@Dav,

Maybe this tug of war between Oxy and GTE will see Amerisur taken over?

[davwal] 19/6/2019 10:53

A bit of tug-o-war between Oxy and GTE for Colombian holdings, which can only do good for the post code in general, isn’t actually going to do Amer’s interests any harm either...

[lucyp00p] 19/6/2019 10:48

I don't care if the deal was cooked up or not. I guess JW figured we couldn't afford it but it was too good to miss if OXY could be bought in. That, once again is not my point.For those of you who couldn't be bothered to turn up to the AGM, this is the second item fed to shareholders which was a lie by omission or worse. JW was very proud of our little coup over GT, and described the plot as the best available out of everything else on offer which would present great opportunities. He already knew the deal with OXY was in place. The other was the oil transfer photo.Call me out all you like, but we don't attract new money because there is a track record emerging here of dishonest or inaccurate disclosure by people who control the company, but I can't understand why. It makes no difference to me if third party shipments haven't commenced as long as the deal is done. Nor do I care if the option of first refusal was exercised to benefit our new best friend. Lying about stuff which will become public record is ridiculous, stupid and short sighted. Thinking that nobody will notice, or, as happens here, shooting the bloody messenger is the same. To all you blue sky optimists who think all news is good news and can't understand our pariah status, ask yourself how a researcher would spin this to his decision makers.

[xxnjr] 19/6/2019 10:39

Pluspetrol a relatively large player elsewhere, have 40% of Put 12, their only position in Put. This could be the next domino to fall into OXY's hand, although Pluspetrol may prefer to drill first.

[xxnjr] 19/6/2019 10:29

I have the p00p on filter as comments are unrelentingly negative. Can't see what purpose it serves to trash your own investment.

[aceuk] 19/6/2019 10:17

Lucyp00p why do you insist on carrying on like a prat? Plenty of "people" have been paying governments and high grade corporates to safeguard (LOL) their money!

[acv74] 19/6/2019 10:11

The deal was clearly cooked up but are we bothered?Oxy haven't ponied up nearly 100m because they think nothing is down there. They hope for hundreds of millions of barrels.If they find it our share price will be measured in pounds rather than pence.

[lucyp00p] 19/6/2019 10:07

Great. Please can you let me have $19mm for a couple of months interest free. Let's not call it a loan but a present.

[xxnjr] 19/6/2019 09:57

RI - Total Putumayo Basin output on the Colombian side was about 36K bopd in 2018. Some of which I believe is far away from the OBA, so will cost $'s to truck to OBA, so probably wouldn't happen. Main takeaway from your interesting comments would seem to be OBA is potentially undervalued, more so if AMER/OXY find more oil locally.