Amerisur Resources Share Discussion Threads

[kaos3] 20/6/2019 14:02

lucy phantom - as you have me on a filter - I was about whereabouts of all the cash in general as well - deal was used as an example - how cash is having its ways around the block before it comes home

where is cash placed at the moment is my perpetual Q - I mailed them too

[davwal] 20/6/2019 14:00

Mine was a just comment considering what Amer might gain from the deal having thunk about it further, not intended as a reference to your viewpoint Lucy.

[kaos3] 20/6/2019 13:51

davwal - indeed - my suspicion is - pipelines on the Ecuadorian side (access ) + selling capacity (there are barriers to entry to sell at full margin)

[davwal] 20/6/2019 13:33

What we don’t yet know, for obvious reasons, is what Amer might in future gain from acting as Oxy’s Trojan Horse in the Put-8 manoeuvres. I’d be quite surprised if there wasn’t some quid pro quo down the line in relation to further joint ventures or acquisitions. One thing I’d readily acknowledge is that Clarke and Wardle have been pretty cute in various deals so far and they wouldn’t be ‘giving stuff away’ for nowt in return. Not forgetting that the Put-8 risk exposure returns to a comfortable 50% after the deal with Oxy. Time will tell but I reckon there’s more to come in due course.

[paradores] 20/6/2019 13:13

...what we have ‘acquired̵7; is an even closer relationship with OXY (an incredibly important and valuable partner to AMER) and retained operational control. How’s that for a picture? End of.

[charlieeee] 20/6/2019 11:11

FA

AS you say, FIL were under 5% back in early 2016 and increased it to just shy of 9% into the N sands: now back below 5%.

[paradores] 20/6/2019 10:02

Was a qualification required...? Sorry Lucy, your point being...

[lucyp00p] 20/6/2019 09:46

He said we had exercised our right of first refusal to acquire the remaining 50%. No qualification was given. If he had added that OXY were interested in extending their partnership, would anybody have objected?

[paradores] 20/6/2019 09:30

Buyer in the market today?
Sol flow test results next week?

[foiledagain] 20/6/2019 09:09

Charliee

I think its highly unlikely that FIL will divest all of their shares unless you know different and if so be helpful to know.

Didn't FIL increase their holding a while back (I don't have access to any details at present), and if so it may be that they are offloading that increase balancing risk and where many funds have quite stringent rules about percentages they own, or even divest.

[the drewster] 20/6/2019 08:49

It' a shame we don't know how long the short term test is planned for at Sol-1 ... the net pay being less than at the other CPO wells may not be such a big deal yet.

[charlieeee] 20/6/2019 08:45

First it was RH and now FIL.

That was mentioned at the AGM by JW (although he did not specifically by name) and apparently, they had high hopes of the "N" sands and when that did not happen, all the toys went out of the pram (my words, not his, of course) despite OXY deal and Indico.

So, they exit (4% by May and less than 5% to go so not long now: they have really been chucking the shares out:shorting as they go ?) trashing their own and our value...sigh.

Lucy, I dug out my AGM notes, especially for you.

The words used in the answer re PUT 8 were careful.

PUT 8 very sweet block (rest of Vetra rubbish: GTE not pleased)

PUT 8 light and heavy oil

Mirraparriba: we are now to do our own road (800 meters as established infra structure very close).Low risk 3D seismic.

Nowhere was the 100% mentioned by JW.

I accept that page 24 of the accounts was quite "weaselly" as the 100% was qualified by ANH, but not clarified that this would affect %: they should have left it at the 50% with the same note and that would have been accurate.

[11_percent] 19/6/2019 23:50

….the fact there has been a long period of....


About 3 years.

[blackdown2] 19/6/2019 21:39

The share price reflects the fact there has been a long period of consistent selling by one or more holders.

[paradores] 19/6/2019 15:59

Next RNS: Sol update and 2nd rig for CPO5 campaign

[lucyp00p] 19/6/2019 14:58

What "questions"? I was referring to inaccuracies presented as facts. There was no need to obfuscate or mislead but that was the route which the bod decided to take. Seems odd to me as the only people present were shareholders who would have been delighted to be told the true facts, which were already concluded rather than subsequently realise that they were misled.Operationally, nothing presently concerns me at all with the progress being made but the share price reflects the fact that we are chaired by a deeply devisive figure who can't bring himself to tell the truth when a good old wheeze will do.

[99barracuda] 19/6/2019 14:23

“For those of you who couldn’t be bothered to turn up to the AGM”.....maybe I had a representative there, you would never know.

[knackers] 19/6/2019 13:51

Production from Plat now looks great with two more sidetracks to go. My understanding is that Plat22 has been offline for sometime, and will be a new bore.

N sand intervals from previous drills also need assessing.

Re The CPO5 kitchen; as mentioned earlier, HCs in both LS1 & LS3 at Sol-1 can be nothing but positive, the sands may be thinner here but beneath any sort of closure there are rich pickings to be had anywhere between Mariposa and Sol!

[vermilion1966] 19/6/2019 13:50

Best guesses for timing and content of next RNS announcement re.

1. Platanillo (Plat 22?)
2. CPO5 (Sol flow?)
3. Putumayo basin (spud, or seismic?)