slight drop may be some people taking profits , good to see so many posting ,in my view it can be good to see share board with many posting
Thanks for that informative post PhsarKandalPP
something is up
Even yet there is nothing coming out of the woodwork as to the Sp rise over the last few days. As you said some lucky Pi's can get out before a bad news release they can surely get in before a rise on good news and that's what I thought. So nothing to back it up. When we are sitting at this price a good rns could well take us into the 70s imo. FLA.
From specialist broker in Amerisur
'We had an update today (23 July) from John Wardle CEO of Amerisur; he was as confident and understated as ever. He was unable to forecast when the Ecuadorian pipeline permit will be signed off although he is hopeful that this will be before the end of July, or when the minister returns from his holiday in September. He clearly believed the pipeline will be a profit centre in its own right for 25 years and will be capable of carrying 50,000 bbls/ day. Obviously they will be carrying oil for other nearby producers but the reduction in transport costs, coupled with increased production, will lead to much higher cash flow. In the Platinillo block, well optimisation combined with the drilling of a vertical stratographic well should lead to a substantial increase in reserves for the year ending December 2014. In the PUT 12 block which lies directly adjacent to Platanillo, seismic reveals three clear targets with a prospective resource of 463mbbo. Clearly, as 60% owner and operator, this could prove to be very significant once drilling commences 1st quarter 2015. Importantly, the one single factor which could drive value even faster is the Paraguay exploration where drilling is due to commence in the final quarter of this year. Following 460kms of 2D seismic the company calculates an unrisked resource of 630mmbo . In fact, for the first time, John Wardle said “a working petroleum system is not in doubt; it is a question of reservoir quality “, referring to the San Pedro block.'
RE: something is up
Intriguing post. Do you have anything to back any of that up? I'm happily sitting on some nice gains here but I have to say I don't like these unexplained rises on no news! We're due an update at the moment as it is but the volume today was ridiculously high. My issue is this works the other way also, the SP can plummet and leave us at a loss when other people are in the know and able to get out while we mop their shares up!
RE: JC03 Pipeline
Thanks speedy looks like I have some reading to do.
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