Amerisur Resources Share Discussion Threads

[chopper harris1] 20/8/2019 16:43

I have the misfortune to also hold another Clarke/Wardle 'gem' in KZG, which looks to be in its death throes. Absolute silence over there as the share price continues to plummet.

All getting very tiresome but at least with AMER they can make things happen operationally whilst we're undergoing this potential sale of the company, thus showing suitors that there's much more to the company than otherwise appears.

Come on, ffs, let's get a grip of ONGC and get Indico-2 drilled sharpish.

[bryet] 20/8/2019 16:34

For me I would rather they sell it than carry on been waiting long enough to get a return and some of us are not getting any younger in fact aged a few more years waiting for that jam tomorrow. I would like the take out price to be around 30p but anything over 25p and I'll take that little bit of jam otherwise it's down to 10p and another 2 years plus to wait!.

[11_percent] 20/8/2019 16:22

Take down to under 17p at the end???

[quidnunc] 20/8/2019 16:14

Unlikely that anything said on this bb has any effect at all. There are so few trades on a daily basis that for the most part posters are shouting to each other across an empty dance floor. I'm still looking across the channel at the burgeoning German recession and the effect is going to have on world wide trade. I'm predicting No Deal as one outcome of this review Another that it will be business as usual and that further strategic acquisitions will take place. Not popular views on here but do I give a monkeys?Q

[sji] 20/8/2019 16:09

Don't tell me that today we close below the 17p suggested takeover bid by M&P which was flatly rejected as being highly undervalued by our BOD! If so, it would suggest to me that our BOD are failing miserably to convince bidders of the high value that they have always indicated that our assets are worth!

[tonyrelaxes] 20/8/2019 15:08

FG - I'll be 98 by then.
As Freddie sang, "I want it now"

[fatgreek] 20/8/2019 14:13

10 pound by Christmas 2040. I'm in for the long run

[bountyhunter] 20/8/2019 12:11

dayway, that's exactly what I'm doing, taking no action, Indico-2 is what I would like to hear news on before the process concludes! ...my personal target is just that and I understand why it is not acceptable to others but it's the II's and BoD who will determine the outcome in the end

[dayway123] 20/8/2019 11:44

Lucp00p I think that’s a point we should all bear in mind, there’s no obligation to sell.

[lucyp00p] 20/8/2019 11:12

You, and many others seem to have completely missed the point here. Amerisur has agreed to consider offers. That's it. There's no imperative to sell to the highest bidder, if the price is wrong. Leicester City just flogged Harry McGuire for £80 million. That was the lowest acceptable price to them which was eventually met. Others offered less, but the club didn't need to sell and weren't going to do a deal for less. It's a stretch, but there is a price below which GC and JW won't entertain, and it's a damn site higher than 25p.

[dayway123] 20/8/2019 11:08

Bounty hunter. Share holders are strongly advised to take no action in respect of their shares until competition of the FSP. This is an attempt by the bod to give the share price direction, giving a basis for a much stronger bargaining position.

[dayway123] 20/8/2019 10:38

Underhill2. Many people do read these boards who are not seasoned investors unlike yourself and are influenced by what is read. Movement in the share price can also be influenced by misinformation posted or tweeted.

[bountyhunter] 20/8/2019 10:37

Absolutely Underhill2, and I doubt that any potential bidders will be reading our posts either never mind taking any notice of differing predictions. At the end of the day it will be a competitive processes with the highest acceptable offer succeeding. That will be as little as the top bidder can get away with and which the board are willing to accept, not necessarily equating to value or broker forecasts or predictions here. I'm looking for 25p+ (which is why I'm holding) but my view will make no difference to the outcome whatsoever.

[underhill2] 20/8/2019 10:19

Any sensible investor will take no notice of what is said on these messageboards. The comments by tge rampers and derampers will have no influence on the share price and the eventual take out price should any firm off be made.

[dayway123] 20/8/2019 10:09

We’ll be kicking ourselves if this goes on the cheap there’s huge potential in Amer assets. It’s such a shame that negative sentiment is being pushed with a handful of paid posters who’s job is almost done and who’s rhetoric has begun to consume others not by argument but by sheer volume and rubbish.

[norman the doorman] 20/8/2019 09:40

My prediction is we will be sold before Indico-2 results and I bet there is still no OWC.

[xxnjr] 20/8/2019 09:26

dan - there was an update on Sol and other matters on 29/Jul

[dan de lion] 20/8/2019 09:14

Two months since the sol 1 update, not yet been informed of the results of the short term testing, after which the rig will be moved, how long is short term?

[davwal] 20/8/2019 09:00

I get the feeling Amer has now given up on being an oil exploration/development company, and is just doing maintenance to existing assets for the buyer. No way can this BoD re-market themselves as able leaders of the business. The deal will be done before long and it isn’t going to be that special, in my view.

[xxnjr] 20/8/2019 08:42

Very good points FoiledAgain. Nicely made (thanks). It's a bit of a paradox, is it not? Why are some of the cleverest minds in the industry rushing headlong into shale, often at the expense of their more profitable conventional activities? All the majors seem to be doing it, with the exception of Total's Patrick Pouyanne, and even he says they may do it if asset prices in the Permian come down. All I can refer you to are Chevron and ExxonMobil. Both have plans to produce about 800K boepd each from the Permian alone. It's not just drilling a well and selling product at the well head. A lot of mid-stream infrastructure, pipelines, associated gas processing plants, have to be built as well. All of this is up front. One of Exxon's new to build Permian pipelines (50% cost participation) to Gulf Coast has a capacity of 1m bopd. All this mid-stream infrastructure costs megabucks, but will feed permian output into Exxon's Gulf Coast downstream refineries and chemicals complex at an advantaged cost. Both are forecasting heavy up front investment, with operations becoming profitable in 2020/21 (CVR) and 2022(XOM) from memory, but do check. Is this all smoke and mirrors? We don't know. All the more reason to cut through the noise and just look at the output numbers from the EIA.

[rollthedice] 20/8/2019 07:54

My daily positive AMER comment... AMER is lifting oil at a reasonable cost (although Platanillo workovers denting that a bit) unlike shale.

[foiledagain] 20/8/2019 04:10

xxnjr

Your whole argument goes down the drill hole when you refer to the permian as low cost oil. If it were low cost all the operators would be raking in their profits whereas many are going bust. CEO's as in the case of Permian shout from the rooftops about low cost oil, suggesting profits at $30 yet even Exxon has not made these profits and still wait to break even after all this time. You really need to fish around to look at what profits or lack of these people are making as in the main they are not making profit. They have all talked up about low cost oil but the facts show it isn't low cost oil. You should re read the Hess accounts, as they still show negative cashflow in U.S. Notice too that they do not separate accounts showing profits from each respective country. Why do you think that is? Then look at the expenditure 2018 report p25 showing $967m 2018 Capital and Exploratory Expenditure as opposed to $624m 2017, to produce how much more? P56 shows an increase from 67 to 76 (in thousands), but then look how much money its taken to do that?

P29 if anything demonstrates the tailing off from conventional resources, profitable resources no longer there. They have either had to sell off other assets or they are just declining?

With the greatest of respect perhaps you should concentrate on the figures in the Hess 2018 report, as they show a completely different picture to your words (and theirs).

Its all well them printing that their lifting costs are $22 bbl in US but their figures show a completely different story.

Its only the oil elsewhere that is keeping the bigger companies going and their accounts show it.

Did you miss the net losses p21, or the nett income loss per share?

Did you miss the net losses p26?

Seriously the accounts show rather a different picture to the fine words and just look at the way financing activities are ballooning. No wonder some want interest rates to fall back again.

[xxnjr] 19/8/2019 23:44

muddy-40

Agree with that. The yanks don't seem to care about pollution. Methane emissions are going through the roof. Nothing will change as long as Trump in command.