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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme


Amerisur Share Chat (AMER)



Share Price: 16.92Bid: 16.96Ask: 17.00Change: 0.00 (0.00%)No Movement on Amerisur
Spread: 0.04Spread as %: 0.24%Open: 17.70High: 17.70Low: 16.84Yesterday’s Close: 16.92


Share Discussion for Amerisur


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BaysilHope
Posts: 2,640
Opinion:Strong Buy
Price:16.92
Indico 1 regional Play JW
Wed 22:39
Last point - listening to JW Amer podcast again on the website, Indico can't exist as an independent fault structure due to its size as I posted last night. Calao X1 attempts to prove this. If so look out. These days are not the Pre Rex mush - ONGC need a result here, once C1X is a given second rig deal soon. I'm no Oiler but I understand UPDIP and Oil migration so this entire area is supplied by the right stuff. As JW said the Mariposa find was not properly evaluated - it is now with a 10 day rid turnaround. Soon Amer news front foot. GLA
 
Juxtapose
Posts: 422
Opinion:No Opinion
Price:16.92
RE: OWC
Wed 21:01
bigsmoke

Much better to provide diagrams and our structural traps are the fault type, but the OWC principle is easier to explain on the anticline type as the diagrams always plonk the oil, like a wide brimmed hat, on the source rock: slide 11 on your link is the standard example.

On your faulted diagram on slide 15, both wells will find the OWC if they drill straight down to the source rock, as they are both above reservoir rock that contain water below the oil (unlike Indico)

If the oil layer was twice as thick as that shown, then neither rig would find the OWC (the Indico case) and both would need to move to the left, down dip, to find the water.

In practical terms, until the OWC is found, accurate reserves cannot be calculated: currently, for the 3P reserves of 33MMBO, they have estimated that the Indico OWC is 40 feet below the LKO ie the point at which they encountered the basement on this first drill. They obviously went for the top of the structure to make sure that they did not miss the oil.
BaysilHope
Posts: 2,640
Opinion:Strong Buy
Price:16.92
Listened to JW Interviews Committed
Wed 19:53
Commenting on recent share buys - He states - My conviction is there. The value proposition is SIMPLY tremendous. Backed by his +11m of Directors share buy ins and options is enough for me. A regional Play. Calao X1 is an exploration well and is valued as such. For this well to take priority over larger structures such as Aguila and Sol - IMO DYOR means this Could be the Real Deal. If this is nailed- the house of cards will fall as there is NO downside to the next 14 wells. I've taken the Gaugamela high line approach, strong attack with rigid defence GLA GN Last point although not cash, you would not exercise an option committing t6he SP price to fail!!
BaysilHope
Posts: 2,640
Opinion:Strong Buy
Price:16.92
JW Buy - Same Pattern before Spud
Wed 17:44
JW did this before Indico as the BB stated, 23rd Jan RNS, and serves as just a reminder of his belief in this CPO 5 opportunity. Quote Amerisur, the oil and gas producer and explorer focused on South America, announces that John Wardle, Chief Executive Officer of Amerisur, has exercised nil cost options (the "Options") issued under the LTIP over 2,262,000 Ordinary Shares of 0.1 pence each in the Company ("Ordinary Shares"). The Options were exercised on 22 January 2019 and were registered to Tracarta Ltd. ("Tracarta"), a company in which John Wardle has an interest.
Subsequent to the exercise of the Options, the new issued share capital ("ISC") of Amerisur will be 1,215,467,768 shares. Tracarta's new holding will be 33,391,505 shares, representing 2.747% of the new ISC. That's a serious commitment. GLA Not long before news. The speed of the change of drilling pattern says it all to me, 2 immediate in close proximity. It would be great to get through the 22p barrier with honest progress.
tom111
Posts: 2,055
Opinion:No Opinion
Price:16.92
RE: Brent
Wed 16:53
Some nice chunky buys today that's for sure.
bigsmoke
Posts: 9,498
Opinion:No Opinion
Price:16.92
RE: OWC
Wed 16:37
from the investor prez are we not thinking we are a faulty trap?
try page 15 of this set of slides https://www.slideshare.net/HamasUlGhani1/structural-traps in that diagram the left hand well could drill into oil and then rock. is it the case that "up dip" means the left hand well is moving left (up the dip) to try and find the OWC. then we can measure the depth of the oil found?
willec
Posts: 537
Premium Chat Member
Opinion:No Opinion
Price:16.92
RE: Brent
Wed 16:37
The pressure on 17p towards the end of trade today was massive. I suspect it will go straight to 18p or 19p if 17p is broken.
tom111
Posts: 2,055
Opinion:No Opinion
Price:16.96
Brent
Wed 16:33
jumped to over $67, on the strength of that we ticked lower ah
Juxtapose
Posts: 422
Opinion:No Opinion
Price:17.00
RE: OWC
Wed 15:46
In layman's terms, think of a mole hill, with the layers of rock following the outline.

The paleozoic zone is higher at the center of the mole hill and so there is the possibility that it sticks right up into the oil bearing part of the reservoir rock and so there is no water between the paleozoic zone and the oil.

It is possible that the reservoir rock contains no water, in which case, even away from the center (down dip) there is no OWC. More normally, oil and water are both found in the reservoir rock (light oil floats on water), so as drilling moves away from the center (with the reservoir rock sloping downhill) eventually the drill bit finds the horizontal water level in the reservoir rock under the oil, also in the reservoir rock..

It needs diagrams to explain: search for Structural Traps (the mole hill analogy is the anticline type). Obviously it all gets more complicated with combination traps.
JP2000
Posts: 201
Opinion:No Opinion
Price:17.00
OWC
Wed 14:04
I’m slightly confused that Indico 1 found no water in the LS3 but then they also drilled through the LS3 into the paleozioc zone. Where are they expecting to find water if at all and was there a mistake in the original drilling?
bigsmoke
Posts: 9,498
Opinion:No Opinion
Price:17.00
RE: AT200
Wed 14:03
87p
bigsmoke
Posts: 9,498
Opinion:No Opinion
Price:17.00
RE: Calao
Wed 14:01
yes, orackle - that is what "insider" generally means.
willec
Posts: 537
Premium Chat Member
Opinion:No Opinion
Price:17.00
RE: AT200
Wed 12:50
what would you say could be aa good price if all come through?
Jaggers
Posts: 123
Opinion:No Opinion
Price:17.00
RE: AT200
Wed 12:47
The seller seems to be technical, i.e. their decision [to sell] being academic to prospects ST or LT.
I sense they're coffers are now depleted.

If Calao comes in things will get likely get v spikey esp as this is so woefully undervalued/oversold. Indico's stand alone structure could be larger than Platanillo with certainly lower opex. Difficult to get your head around the scale of that find - and that will be the case until all Indico pad drills are completed. If they all come in, the SP's on for the mother of all re-rates.
willec
Posts: 537
Premium Chat Member
Opinion:No Opinion
Price:17.00
RE: AT200
Wed 12:46
I understand this but wondered if we could see this on a platform apart from L2. As far as I can see 88,700 is left at 17p at the moment but what is there between 16.96 and 17p
telegraphist50
Posts: 884
Opinion:No Opinion
Price:16.96
RE: AT200
Wed 12:33
Quite easy, there's been loads of buys over the last 3 weeks and the price has stuck at/around 17p. That indicates that there's a large supply on offer at 17p. If the buying dries up, it will be interesting to see if the seller will take less or whether 17p (ish) is their 'floor'. I'm more interested to know who the seller is and why but if Calao comes in, it should all become academic
willec
Posts: 537
Premium Chat Member
Opinion:No Opinion
Price:16.96
RE: AT200
Wed 12:21
How many?, How do you know that?, How do you find out? TIA telegraphist50
telegraphist50
Posts: 884
Opinion:No Opinion
Price:16.96
RE: AT200
Wed 12:15
Well there's plenty for sale at 17p!
willec
Posts: 537
Premium Chat Member
Opinion:No Opinion
Price:16.86
AT200
Wed 12:03
Some one is deperate for shares.
Orackle
Posts: 152
Opinion:No Opinion
Price:17.00
RE: Calao
Wed 12:01
Ok, when?

Or by insiders are you referring to director buy ins a little while back...
Strider4
Posts: 3,865
Premium Chat Member
Opinion:No Opinion
Price:17.00
RE: Calao
Wed 11:53
"How do you know insiders are buying in heavily?" Lol

It's been RNS'd - fairly "solid" if you ask me...
Orackle
Posts: 152
Opinion:No Opinion
Price:17.00
RE: Calao
Wed 11:36
How do you know insiders are buying in heavily?

How do people know when “there is a big buyer in the background”...

I like to see posts on solid fundamentals. Statements like the above are appearing on this board regularly and it just seems like nonsense. If there is evidence let’s see it
JP2000
Posts: 201
Opinion:No Opinion
Price:17.00
RE: Calao
Wed 10:41
The only quoted cash figure is at 30th June 2018, they've generated at least $25m since then less any CAPEX (not much).
BigBiteNow
Posts: 3,775
Opinion:Strong Buy
Price:17.00
RE: Calao
Wed 10:41
@Roth1 If I were you I would be asking myself why the company after so long not bigging up their own story or their achievements, is now after the Indico-1 success, suddenly talking up 'connectivity' of CP0-5, is indicating Indicos ability to deliver as much as 100m barrels, and why the drill programme has been diverted towards expanding the play both laterally and vertically.

We shouldn't get ahead of ourselves but if Calao-1 and Pavo-Real both come in, and then Indico-2 and 3 demonstrate a substantial increase in depth, then the whole play gets a whole lot bigger.

And yes they are talking it up. So what do they know?
leas
Posts: 5,209
Opinion:No Opinion
Price:17.00
RE: Calao
Wed 10:13
Certainly does not underpin the sp. but if it confirms that it is the same field then I just cannot see this being ignored anymore. Our seller may not be done yet but I'm sure they will be history if Cal-1 is successful. Those shares will be in very sticky hands going forward.




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