Share Name Share Symbol Market Type Share ISIN Share Description
Amerisur Resources Plc LSE:AMER London Ordinary Share GB0032087826 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -1.08% 18.30 3,603,831 16:25:09
Bid Price Offer Price High Price Low Price Open Price
18.30 18.42 18.90 18.30 18.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 84.88 6.60 0.10 181.1 222
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 61,614 18.30 GBX

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Date Time Title Posts
20/7/201919:02Amerisur Thread - the one that welcomes any comment and not just blatant ramping48,042
28/3/201906:14Amerisur Resources7,578
13/2/201714:08Amerisur Resources - a new dawn24,240

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Amerisur Resources (AMER) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-17 15:35:2518.3061,61411,275.36UT
2019-10-17 15:28:1318.412,424446.15O
2019-10-17 15:26:2718.3872,79413,381.28O
2019-10-17 15:26:1518.3872,79413,380.99O
2019-10-17 15:25:2118.3011,8932,176.42AT
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Amerisur Resources (AMER) Top Chat Posts

Amerisur Resources Daily Update: Amerisur Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AMER. The last closing price for Amerisur Resources was 18.50p.
Amerisur Resources Plc has a 4 week average price of 16.38p and a 12 week average price of 16.38p.
The 1 year high share price is 20.50p while the 1 year low share price is currently 9.50p.
There are currently 1,215,467,768 shares in issue and the average daily traded volume is 3,995,280 shares. The market capitalisation of Amerisur Resources Plc is £222,430,601.54.
notimpressed: moneylender, are you referring to the £ or amer share price?
kinwah: Lofty, you are technically correct. I should have included 'probably' or similar words with my comments however reading between the lines the board has changed the focus of the strategic review to inviting ready-to-go offers for the company. Without this sale process the AMER share price might be down as low as 12p. The board's encouragement to take no action is strongly suggestive that the best offer will be recommended and that it will be more than the current share price. No guarantees Lofty but as good as you will get at this stage under the Takeover Code.
kinwah: AMER share price is under pressure again. I just bought 75k at 16.9p. Seems some people are not prepared to wait for the big payday.
sji: al101uk - you ask me: "So SJI, prove yourself! the crux of any investment is: What is the company and it's assets worth now? Where do you value the company and how do you get there?" So, here is my reply. 1) Why did I invest in AMER in the first place - I read what the BOD were saying in their reports at the time regarding their assets (a lot of good assets with high prospects), their drilling program (drilling some 12 wells within a year!), current production likely to increase substantially especially if some of the proposed 12 wells find oil etc etc. On the other hand, share price was depressed because Rex was IN THE PROCESS of selling out his remaining shareholding. I assumed, hey Rex will have to finish dumping large amounts of shares (as he eventually did) and then, it's all good news according to management. So, I went in. What happened was we immediately struck a good deal with OXY in November followed by a good find (Indico-1) in December and the share price responded positively rising past 20p in January. Therefore, the argument that REX was depressing the share price immediately vanished because as soon as the market saw positive news, it responded immediately with an increased share price (irrespective of the dumping!). What followed in the next 6 months is not at all good and the market reacted accordingly. We encountered problems + maintenance work at Platanillo and production suffered substantially in the first few months. The next well, Calao-1, was a duster, followed by a semi-duster SOL-1 and a "normal" 700-bopd Platanillo appraisal well. Our production in the first six months of 2019 is LOWER than last year despite the Indico-1 find! So, there goes the BOD's promise of increased production. Now, we are in September and to date, we only had 3 wells drilled! So, there goes BOD's promise of 12 wells with 12 months. These are the disappointments that the market is punishing us about not Rex dumping of his shares. With all this news, the share price drifted back to under 12p and even touching 9+p at one point! The market reacted positively when we had good news and punished us severely when we got bad news. There is nothing hidden here. 2) What do I think our assets are worth and how do I get there? An asset is worth what the market is ready to pay for it. So, it's useless to make assumptions about what our assets are worth unless there is someone out there ready to buy them at that price. Are our assets valuable? DEFINITELY YES! Some of our assets are more valuable to different bidders - for example, CPO-5 to ONGC and OBA to OXY. There may be other bidders with interest close to ours who would value our assets more than others. But how much do I think our assets will get? Before the FSP started, we were languishing at 12p. The announcement of FSP increased our share price immediately by 50% to 18p. So, there is already a very good bid premium. Do, I think it's enough, DEFINITELY NOT. To tell you the truth, I thought that AMER share price would settle around 20-21p until the FSP is over and then, some bidder would bid close to 25p, that is, more than double the price we were before the FSP. Considering that our BOD bought several of our assets during the distressed period at give away prices, 25p would give them a very good return on the assets they bought (and on their shares, especially those obtained for free!). Would 25p justify the value of our shares, I do NOT know and no one knows NOW. We will have to wait and see the results in 2-3 years time. AMER brokers value our assets at 37p. Maybe they are correct but is there anyone out there ready to pay that much? I hope there is! But if you consider our BOD shrewd deal-makers, don't expect our bidders to be stupid! Time will tell who is right. The worst scenario would be no bid at all since then, we ALL lose!
sji: The continued dismal performance of AMER share price may be related to yesterday's news that M&P concluded a deal they started last October to acquire 2 blocks in Angola for $35m CASH. Given their size (not that much greater than AMER), I wonder how much cash they can afford to offer us a good, totally CASH offer! But so long as our BOD told us to stick with them, I have my mind at rest (sic)!
avsome1968: I Personally think we won't get to see the results of the Indico- 2 result, its pretty nailed on its going to add significant mount of revenue. The CPO-5 drilling program continues with the Indico-2 appraisal well, once the rig arrives from the Sol location. The Indico field was discovered in December 2018 where the Indico-1 discovery well found 283 feet gross, 209 feet net oil column in the LS3 sands and no indication of an Oil-Water-Contact (OWC). The objective of Indico-2 includes increasing production and to test the extent of the OWC to better define field reserves (22.7 MMBO 2P gross reserves announced 22 January 2019 John Wardle, CEO of Amerisur Resources said: "As anticipated, the Sol-1 test results reflect a modest discovery. We now look forward to drilling the Indico-2 appraisal well that has the potential to transform Indico reserves as it tests the extent of the oil-water-contact". ONGC, OXY will no what sought of value J Wardle Giles want for the company as a whole, with AMER share price static for so long great opportunity to get Amer at a bargain price before further results that add more value just need a firm offer mid twenties then it will get interesting, but can't see a 25p being accepted either by Giles and CO why would they take that when they can carry on plodding with no pressure plenty of cash great partners adding more value over the coming years would have to be 30p plus for them to part with Amer
sji: IMO, today's RNS has a lot to read between the lines. 1) The decision to put the company for sale follows "the receipt of interest in the Company and its assets from other industry participants". 2) Furthermore, "the Company confirms that 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". So, there is at least one company that is interested to buyout AMER and instead of continuing dealing with this company, the BOD decided to invite other interested parties to bid for the company or some of its assets. This is a clear indication that the BOD intention is to force the hand of the prospective bidder. If you were interested to buy the company, would you wait until other companies get more information about it (from the BOD) and evaluate their position or would you hurry up and place a firm offer on the table immediately? Today's RNS states that the formal sales process initiated today can be terminated at any time by the BOD. So, if a firm, acceptable offer is forthcoming, competing offerors will be cut-off! This is another incentive for the current prospective bidder to hurry up. The delay in updating on SOL-1 can be a play by ONGC which is one of the most likely parties interested in bidding for at least some of AMER's assets. If the update was positive, AMER share price will rise making it more expensive to acquire. If the update was negative or not as good as expected, it would be in ONGC's interest to publish the news AFTER it bids for the assets/company. Any negative news at this point would make any offer more enticing for current AMER investors. Also, the fact that Indico-2 was delayed after Sol-1 would make more sense now since Indico-2, being an appraisal well, will increase the current production from CPO-5, making hte latter more valuable. So, it only makes sense to drill AFTER buying the assets/company. These things increase the likelihood that ONGC maybe the interested bidder. Today's RNS also makes it clear that the BOD will consider both a total sale of the company as well as its assets individually. This is a clear invitation to OXY to consider bidding for the 5 blocks they already have 50% of. By now, OXY should have started carry out the seismic on these blocks and so, they should start getting an idea what there is underneath. Also, there is the OBA which would be a highly-priced asset for OXY considering they already have oil production in its vicinity. After reading today's developments, I would be disappointed if we would not get some concrete developments (bid for the company or some of its assets) within a couple of weeks or so. All IMO.
avsome1968: Marnewton You can't evaluate AMER share price on charts while we have fil limited still dumping shares, took them 2 months to dump 20m they still have 60m maybe 50-53m now but obviously still dumping them News surprised me today Sol got oil not a lot but all adds up but don't expect Amer share price to rocket short term until fil finished dumping.
avsome1968: Premier down 12% ridiculous, amer share price was 20p when oil was less than it is now overreaction
responsible investor: The AMER share price performance has been atrocious, production is lower than 4 years ago, reserves have hardly changed, the OBA is transferring far less than was indicated by the Board 3 years ago. Meanwhile the Remuneration Committee (controlled by the Chairman) has again awarded fully paid shares to a number of Board members - no problem with share issues to non-Board employees - and huge salaries for the part time Chairman, the part time Finance Director and for the CEO. What is holding the company back? Inexperienced Board members consisting of Directors more keen on feathering their own nests than looking after shareholder interests. Shareholders need to improve the image of the company by bringing in reputable experienced Directors capable of generating financial returns for members of the company who have invested their own capital. It is notable and scandalous that the actual amount of investment by Directors is minimal by comparison with their fees/salaries and the amounts which they have awarded themselves over the years under an egregious "incentive scheme”. I intend to vote against the resolutions which will be proposed at the AGM to be held on 14 May 2019 for the adoption of the Remuneration Report and for the re-appointment of the Chairman i.e. resolutions 2 and 4. I hope other shareholders including the institutions which hold a majority of the shares of the company will do the same.
Amerisur Resources share price data is direct from the London Stock Exchange
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