Amerisur Resources Share Discussion Threads

[cielos] 19/7/2019 13:45

The chart and more yet the trades showing profit taking is going on

[kaos3] 19/7/2019 13:41

indeed - that is why I am for liquidation per partes

[cudmore] 19/7/2019 13:40

Get the profit takers out and watch the afternoon buyers pile back in.

[kipper62] 19/7/2019 13:39

Wouldn't be surprised to see it going for a cheap offer and seats on the new board for existing top directors with mega remunerations.

[neo26] 19/7/2019 13:39

Dont think amer paid him enough.. Rofl

[moneylender] 19/7/2019 13:28

Looks like Malcy is out in the cold!!!

"With very little to go on in this very basic, preliminary announcement one can offer little at the moment in the way of judgement. Until there is an offer for all or part of the company it is usually best to stand pat and see what happens".

[xxnjr] 19/7/2019 13:23

the differances, I used

$2.50 NPV to $3.50 NPV for Heavy Oil
Steiffel Note uses $3 for NPV/bbl. Happy with that.

I used 5% to 7% COS for Heavy Oil
Steiffel Note uses 25%.

Core
Me 30p Steiffel 37p

Unrisked
Me 95p Steiffel 176p

At least no-one can accuse me of being a rampant ramper!

[acv74] 19/7/2019 13:21

Bloody work getting in the way of my (very) amateurish investing..can't believe I missed the news.13 years I've been here, looks like it's my last.

[theaviator] 19/7/2019 13:21

Tis a good one. Been accumulating sub 1p

[aladin1033] 19/7/2019 13:19

Bank your profits pile in mpm £5.4m revenues per month placing done at 1p restructuring taking place will multi bag

[neo26] 19/7/2019 13:18

The Company confirms that, at the time of this announcement, it has received a non-binding proposal regarding a potential sale of the Company and various other indicative proposals regarding the sale of certain assets of the Company.=====How goods the offer its 20p+ for sure...

[pauliewonder] 19/7/2019 13:17

Malcy covering AMER https://www.malcysblog.com/2019/07/oil-price-amerisur-petro-matad-pantheon-resources-and-finally/

[cudmore] 19/7/2019 13:12

37p! Rocket79
Posts: 2,325
Price: 17.98
Strong Buy
Takeover price 37p+Today 12:56
37p NAV 70p unrisked.

Any offer will be north of 37p imo.

Mentioned on alpha chat in the financial times today

[acv74] 19/7/2019 13:12

Bloody hell I bought 50k yesterday, how about that for timing. Only just seen the news, I'm amazed.

[fatgreek] 19/7/2019 13:10

"Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America (LSE: AMER), announces that following the receipt of interest in the Company and its assets from other industry participants"Participants being plural.....let's have a bidding war.....

[cudmore] 19/7/2019 13:07

New buyers going to see a bounce to 20p. Minimum buy out calculations focusing around the 35p mark. THATS A BAGGER FROM HERE ;)

[neo26] 19/7/2019 13:06

from lse: knokke Premium Member

RE: Takeover price 37p+

Steifel's last NAV breakdown table for AMER is there too - worth looking at


Continuous H2 2019 drilling programme in CPO-5: We carry the exploration &
appraisal upside at CPO-5 at 18p/shr risked in our 37p NAV (70p unrisked; Figure 1).
The attraction of the licence is: (i) moderate geological risk (75% success rate to date),
(ii) rapid discovery-to-monetisation timeline, a matter of days/weeks, and (iii) benign, lowcost
operating environment both in terms of capex, opex and oil exports.
• Appraisal up next, could add 20% to group production: As previously announced, the next well at CPO-5 will be appraisal of the Indico discovery, with a result expected in ~August (Indico-2). Prior wells have flowed 3-5 kb/d (gross); at the mid-point and net to AMER's 30% working interest, the contribution to group revenue of a success would therefore be around 20% of our estimate of underlying FY19 group production (5.9 kb/d).
• H2 2019 activity on the block could add ~50% to group reserves: The schedule beyond Indico-2 is yet to be determined, but success at the well might encourage further back-to-back drilling on the structure. Indico's upside is c.50M bbls (70 vs current 2P of 23), so, net to 30% working interest, adds of ~15M bbls would equate to ~50% of group reserves.
• Sol testing to complete first: Amerisur expects to wrap up testing of the Sol well in the next couple of weeks. As announced on June 17, the well found 27 feet of net pay, which is some way below the two other successes in the block (100 ft +). Nevertheless, the commercial threshold here is low, and we would expect the well to be put into commercial production even were it to achieve a rate of a few hundred barrels per day.
Production guide reiterated; we are top end: 2019E guidance of 5-6 kb/d looks achievable vs. June daily production 6.8 kb/d, despite a modest first quarter that saw 5M production average 5.3 kb/d. Current guidance excludes any exploration success.

[moneylender] 19/7/2019 13:04

Kerrie the offer is put to the board, the following scenario can play out.

1. BOD do not accept the offer as a fair price - Offer goes hostile, trying to get 51%
2. BOD accept the offer and put it to shareholders for formal acceptance.

[kerri28] 19/7/2019 13:03

thanks sportybilly

[xxnjr] 19/7/2019 13:02

£28.85 incorrect, should be £1.76p per share un-risked.
FT reading wrong column in Steiffel note.

[theaviator] 19/7/2019 13:01

Quite like fifteens after T. Tasty

[sportbilly1976] 19/7/2019 13:00

kerri,

unless you have 10.01% of the stock, tough...you get what's been offered and accepted

[xxnjr] 19/7/2019 13:00

My numbers were very conservative in comparison to Steifels on FT-AV!!!