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London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Amerisur Share Chat (AMER)



Share Price: 12.72Bid: 12.76Ask: 12.88Change: -0.06 (-0.47%)Faller - Amerisur
Spread: 0.12Spread as %: 0.94%Open: 12.66High: 12.88Low: 12.66Yesterday’s Close: 12.78


Share Discussion for Amerisur


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50cc
Posts: 173
Opinion:No Opinion
Price:12.72
RE: new prospect?
Today 21:56
Think you make an excellent point here - we only got the cpo5 op through a combo of the downturn and them being slow.

The fact that they are now pressed for time to meet obligations should work in our favour albeit we may have a few dusters along the way.

The recent tenders for seismic and the number of recent tenders in general suggests they are moving ahead at speed now. I think budget allocations end of year would've played a factor recently. Hoping for more signals re scale up. Multi rig announcement would be the one.
 
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.72
RE: trades
Today 19:00
sorry, 4.15.
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.72
trades
Today 18:59
1M shares after close?
Juxtapose
Posts: 451
Opinion:No Opinion
Price:12.72
RE: new prospect?
Today 17:48
To retain the acreage, certain commitments have to be fulfilled and hence ONGC cracking ahead on the exploration wells and seismics: Indico appraisals, however financially appealing in the short term, do not assist in retaining the block.

At least it does mean that they will be consistently drilling, here, in the south and in the north east adjacent to Llanos 34, so an exciting program ahead.

Obviously, two rigs would be the GTE solution, but if ONGC had got a move on with the job post the 2008 award of the block, Petrodorado would not have sold their interest to Amer and we would have missed out on this stellar opportunity.
JP2000
Posts: 298
Opinion:No Opinion
Price:12.88
RE: new prospect?
Today 15:49
Broadly speaking there's 4 weeks in between drills plus another 2 weeks of set up time to move pads so end of Oct sounds about right, depends whether there's any sense of urgency. Maybe they'll build a second wellhead at Indico in the meantime to give further flexibility and keep Indico 1 going full throttle.
ColonelDrake
Posts: 1,212
Opinion:No Opinion
Price:12.78
RE: new prospect?
Today 14:53
I think if the partner was GTE, then they would have sorted the Indico appraisals next and boosted cash flows through increased production. If 2 x appraisals were successful and inline with previous Indico-1 well, then it would have added 3000bopd and AMER would be on verge of breaking 10kbopd before H2 ended.

Instead, ONGC have decided to continue with exploration and sort appraisals later in year. They don't need the cash flows and are more interested in knowing whetehr Indico-1 is the sweet spot or not. Hence why they are drilling step out exploration wells.

AMER can still exit 2019 with 10kbopd but they need another 2 like for like Indico-1 appraisals to be done before year end.

If SOL wraps up end of June, then Aguila is going to take at least 6 to 8 weeks to spud and another 6 weeks to drill.

Earliest Indico appraisals can commence would be Late October/ Early Nov (bit like last year).

AMER could have done with the 6 months worth of production from the appraisals in 2019 as would have helped the sp.

Instead, the sp is open to high impact exploration which near term could be a duster or a gusher.
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.70
RE: new prospect?
Today 13:15
and yes, sol does seem far away. don't know what they are up to.
maybe better to work their way back and let Indico just flow on for now.
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.70
RE: new prospect?
Today 13:14
well spoted wait. thank you sir (or maam).
Wait
Posts: 35
Opinion:No Opinion
Price:12.70
RE: new prospect?
Today 12:16
They refer to it here http://www.amerisurresources.com/images/rns-pdfs/Investor-Presentation-Feb-2019.pdf on page 18 as "Indico Upside-1X& 2"

Sol, seems quite far away
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
RE: new prospect?
Today 11:32
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
new prospect?
Today 11:31
looks like there is a NEW prospect NW of PAVO on p10 of the May prez
http://www.amerisurresources.com/images/rns-pdfs/AGM-Presentation-14-05-19.pdf
anyone agree?
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
RE: oh look
Today 10:49
guess it was an error after all
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
oh look
Today 10:49
they reversed the Friday 13.9p trade
ColonelDrake
Posts: 1,212
Opinion:No Opinion
Price:12.78
RE: How long till the two drills?
Today 06:52
Difficult to guess as depends on whether they are going through all the usual casing and well preparations as they drill or whether it's purely a test to see if zone is productiive in Plat 26.

From May 14th

"The company recently spud the Platanillo-26 infill well targeting a potentially undrained area of the Platanillo field identified on seismic. The well is drilling ahead at 7,800ft with a target depth of 9,350ft. "

I would say 400ft a day is achievable but could see 300ft if casing along the way. I would say TD around today or tomorrow.

Plat has turned out to be a bread and butter field. Plat-8 result was great but Plat 2 and 7 do not look like they have delivered anything at all. So I wouldn't get too excited about Plat 26.

SOL-1 looks less risky than Calao-1 but it's still some distance from Indico-1 and any discovery no matter how small or large will be exciting as will suggest that there is a possible large extension to Indico-1 to the south.

Like sticking pins in a concentrated map at the moment - the more you stick in the more likely you'll define the true resource. Takes time and dusters are par for the course.
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
Q
Today 05:17
Just to be clear, now we are transporting third party crude, are we offfically an Oil Transportiion Company? If so, think that is a phrase that could make its way into the AMER PR.
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
RE: How long till the two drills?
Today 05:15
Of the two drills was the play drill not underway? IMHO, could be within 2 weeks for one and 5 weeks for the other.
Niles
Posts: 302
Opinion:No Opinion
Price:12.78
How long till the two drills?
Today 02:52
Completed do you think? Hopefully see a steady build this week. Wish they had done the safer drills first but at this price a duster has to be priced in.
LuckCounts
Posts: 2,426
Opinion:No Opinion
Price:12.78
RE: Time goes by
Sun 14:26
To be fair there was the biggest oil crash of a generation in 2014-2017

Also average broker forecast is now 23p from 7 brokers with Stifel the most bullish having increased post indico from low 20s to mid 30s.
Mathurin
Posts: 19
Opinion:No Opinion
Price:12.78
Time goes by
Sun 12:08
Looking at broker forecasts back in 2013 I see that Goldman Sachs were forecasting a price of
80p - based I suppose on spec exploration success . It's like us finding a value in 2025 of 3p based
on the latest Peel Hunt forecast of 20p. How must the long term institution holders feel.
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
RE: 13.90
Sat 14:36
maybe. but better a glitch signalling up than down.
Mathurin
Posts: 19
Opinion:No Opinion
Price:12.78
13.90
Sat 11:55
Surely a glitz with a mini sale minutes later at 12.70.
Share wouldn't jump 8% with a 275K buy?
leas
Posts: 5,363
Opinion:No Opinion
Price:12.78
RE: 13.9p
Fri 17:31
Certainly a sign that our seller may have finished. Normally trades of that size have no affect on the price. Fingers crossed in any case. Huge volume yesterday that could have cleared the decks.

All have a good weekend..
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
13.9p
Fri 17:23
a sign for where we are heading next week?
bigsmoke
Posts: 10,323
Opinion:No Opinion
Price:12.78
RE: something a bit better
Fri 17:23
tis what LSE says.
leas
Posts: 5,363
Opinion:No Opinion
Price:12.78
RE: something a bit better
Fri 17:14
13.9p? Am I reading that right?




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