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
  0.00 0.0% 19.18 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
19.18 19.20 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 84.88 6.60 0.10 183.8 233
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 19.18 GBX

Amerisur Resources (AMER) Latest News

More Amerisur Resources News
Amerisur Resources Takeover Rumours

Amerisur Resources (AMER) Discussions and Chat

Amerisur Resources Forums and Chat

Date Time Title Posts
01/11/201919:02Amerisur Thread - the one that welcomes any comment and not just blatant ramping48,044
28/3/201906:14Amerisur Resources7,578
13/2/201714:08Amerisur Resources - a new dawn24,240

Add a New Thread

Amerisur Resources (AMER) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Amerisur Resources trades in real-time

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 19.18p.
Amerisur Resources Plc has a 4 week average price of 0p and a 12 week average price of 19.08p.
The 1 year high share price is 19.90p while the 1 year low share price is currently 11.58p.
There are currently 1,215,467,768 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Amerisur Resources Plc is £233,126,717.90.
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
fatgreek: Amerisur Resources spikes as market anticipates bidding war (AMER)22 JUL 2019 | Daniel FlynnShares in Amerisur Resources (LSE:AMER) continued to rise on Monday morning, hitting 17.66p as investor anticipation around a bidding war for the Colombia-focused oil & gas business hit new highs.The firm was trading 6.9pc higher following the news that it had received a takeover bid from Paris-based exploration player Maurel & Prom (M&P) valuing it at about $257m. M&P's offer values Amerisur's shares at 17p each, comprising 12.5p in cash and new shares in M&P worth 4.5p. This represents roughly a 41.7pc premium to Amerisur's 12p share price on 17 July, two days before it announced that it had launched a formal sale process after receiving multiple expressions of interest in its assets. This move prompted a 37.6pc increase in Amerisur's share price, pushing it to highs not seen since March this year.In an update on Monday morning, M&P said that its deal would enable Amerisur's shareholders to 'realise immediate cash' and benefit from having a 'platform of significantly greater scale, as well as experienced and focused management across the entire E&P value chain, from exploration, development, production through to field optimisation.' The Euronext-listed firm added that it would look to list on the London Stock Exchange's Main Market within six months of any successful bid to ensure Amerisur's investors retain exposure to a UK-listed entity.However, in a corresponding statement, Amerisur said that M&P's offer, which was made immediately after it launched its sale process on Friday, 'materially undervalued' its operations. As such, the business added that it did not merit further consideration in its current form. Amerisur said it had entered discussions with numerous potential bidders since announcing its intention to sell, adding that it would still consider any future proposal put forward by M&P. A spokesperson for the business said:'The purpose of the competitive Formal Sale Process we launched on Friday is to maximise value for shareholders. As well as the offer from Maurel & Prom, we have had a number of additional expressions of interest in the Company.'Likewise, the firm said it was 'confident' that a competitive process involving several potential counterparties can be 'completed to the benefit of all shareholders'.With Amerisur's share price surpassing 17p, its value under M&P's bid, it appears that the market is equally confident in the company's ability to secure a bid on more attractive terms. It will now be interesting to see what comes of the various discussions that Amerisur claims to have entered. With the organisation's market cap already sitting at £200.8m as at writing, there could be much more upside to come relative to M&P's offer.
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
Amerisur Resources share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Amerisur R..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200329 06:49:25