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Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation? Watch here

Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation?


Amerisur Share Chat (AMER)



Share Price: 16.00Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Amerisur
Spread: 0.00Spread as %: 0.00%Open: 16.50High: 0.00Low: 0.00Yesterday’s Close: 16.00


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cjgoldsmith
Posts: 387
Off Topic
Opinion:No Opinion
Price:16.00
30p by end of summer
Today 07:19
...my rubbish prediction 4 months ago. Isn't most of this RH fault?
 
BaysilHope
Posts: 1,390
Off Topic
Opinion:Strong Buy
Price:16.00
Thx Jutapose & PR/News Farmers
Thu 17:57
Appreciate your help, noted - I'll model on as they say - I did a small top up today, in Cuba they say it can't rain for a 100 straight days - well we're close to 98, when this selling finally subsides it will be a brave new world. GLA
I'm in for the long haul and I don't short out of principle if I really like a business and I'm financially naïve - I know., others I don't like that's different. No quick fix. Last point - have read articles about farmers getting $325 subsidy and weined off the illicit, no roads for farmers etc to transport commercial crops. IMO Amer are part of a great social revolution in tackling head on a terrible disease that costs the Western world billions, their PR really have NOT brought this to the table and get a Peace Dividend - woo the City etc etc there's a lot of positive hear - Info not maxed- shame, I would really sell this assistance in the press - without compromising ops. Instead we've had tribal disputes brought out of nowhere to dominate. Spend a couple of G's and sort. HNY GLA
bakoven
Posts: 4,024
Off Topic
Opinion:No Opinion
Price:16.50
negotiate
Thu 11:15
Well, the board members were scrambling to protect their skins pre-AGM. None of them has shown any inclination to arrest the slide or reasons therefor. Very little acumen for a sound little company which should have had the ambition of listing on the main market some time back.

My abiding memory of this fella, Harrison, was him offloading a chunk of stock when FARC coals became too hot for him. A bookkeeper yes, but he's no FD. Otherwise he would have negotiated settlement of the relentless dribble long ago. (Look at the chart, man. Prevent the repercussions.)

This new fella, Coffield, and/or JW must quickly sort out/negotiate on OBA if he is good as he is cracked up to be. Otherwise he is dead wood and we will be blankly looking at one another well into 2018.
jointhedots
Posts: 1,236
Off Topic
Opinion:No Opinion
Price:16.50
SP
Thu 08:32
It looks like the SP is being pushed down, disappointing after the Mariposa update. It doesn't look like there is any significant selling pressure, but we all know the sale of a few shares can knock millions of a company's market cap.

I suspect the company's handling of recent news has further eroded trust in the management, the BoD really haven't helped stop the rot. They need to rebuild confidence and it is critical the next RNS are positive clear IMO.

Someone commented on hedging - I took a look at Fonterra (who eventually emerged after the company that owned Yatay-1 one was swallowed up ) they hedge around 50% of their production at $50 in Colombia. Their reasoning is risk management and that is a very strong reason for Amerisur to hedge, yes it caps revenue but the visibility of revenue is vital in the current yoyo oil price. Its all about confidence, the actual numbers are less important.

Incidentally Fonterra (pre-name change and operational disasters) bought the Yatay owner who had various light oil operations in Colombia for $1.6bn when it was producing 24000b/day. They cited the light oil as a major factor because is excellent for mixing with heavy oil from the region - if Mariposa proves a significant producer I think selling the oil will not prove a problem. Interesting that the production at the time of sale is not a million miles away from where Amerisur plan to be in the next few years.
Juxtapose
Posts: 195
Off Topic
Opinion:No Opinion
Price:16.50
RE: Help H117- Forecasts Re Prior T..
Wed 23:08
Without going either through your figures or the company accounts, I think that the issue is understanding the full accounting treatment of stock.

At the 2015 year end, there was substantial stock on hand.

That, in 2015, would have been (as you say) deducted from the 2015 cost of sales, because no revenue had been generated in respect of those stocks in the 2015 accounts.

In 2016 (as you say) it is added into the H1 cost of sales AND the revenue is in the top line (the "matching" concept applied in accounts).

H1 revenue is therefore the sales of H1 production plus the substantial year end inventory

Normally, none of this would matter, but the stocks at 2015 year end were abnormal, because of the management decision to store until the POO improved.

Apologies in advance if I have misunderstood your query.
BaysilHope
Posts: 1,390
Off Topic
Opinion:Strong Buy
Price:16.50
Prior Post Amer does'nt Hedge
Wed 21:31
According to 2016 -why should it when it shut down output. GN
BaysilHope
Posts: 1,390
Off Topic
Opinion:Strong Buy
Price:16.50
Help H117- Forecasts Re Prior T/o
Wed 21:27
Not mentioned before as too busy, I am updating my model for H1 2017 based on H1 & H2 2016 prior - sales only, am missing something please help -according to the Interim & Full year 20165 - Quote H1 Output average 2642 av realised POO 35.7 expected Turnover $17.2m - Per Accounts £24.2m, H2 Annualised Av output 3, 084 so H2 so +3.5k Av realised H" - i.e more output POO full yr $38.2. So full year turnover $47m 2016 - yet H2 sales less than H1 @ $22.8m despite output up & POO, any stock movement should be cost of sales, so I'm having difficulty H1 2017where we should see output Av North of 4.5k & Av POO+$42 . I can't see any other notes to Other income or Gas sales - or contributions rom other fields (Non Output) I feel dull but I'm missing something - please help or what's your forecast _ I can't make one per previous. GLA GN
Andreaban
Posts: 248
Off Topic
Opinion:No Opinion
Price:16.50
Q4 oil rally
Wed 20:04
The shutdown of operations certainly have not gone down well and the sp is being punished.
Let's hope a q4 oil rally will see the sp back in the 30s 40s wher it should be.
BaysilHope
Posts: 1,390
Off Topic
Opinion:Strong Buy
Price:16.50
SP Fall-Quasi failedProfit Warning
Wed 19:13
IMO - the 'Alarmingly close timing from the RNS 5th & the Shutdown in prod'n 10th July seems too close to not inform or ill informed management - given ears close to ground helping farmers etc etc in touch with local issues. Add a seller - poor decision making really - Quote '5th JULY RNS - Average production volumes were slightly down over the previous period, due to some well down time while well treatments and reconfigurations were executed. These operations were very successful, leading to current production in excess of 6,000 bopd. In Platanillo-21, the second well on Pad 2N, a leak in the primary cement job was detected and that well is currently being recompleted after a cement squeeze was performed and is expected to be placed on production in the next week, thus further raising production levels. (NEXT WEEK & Didn't know of potential Protests!!! Workers Café FFS) . 3rd AUGUST RNS - The Company took a decision to suspend production from all its producing wells on the Platanillo field from 10th July to 28th July as a result of social issues in the field and region. The protests were associated with the implementation of the Government's 'Sustiticion de Cultivos Ilicitos - illegal crop substitution programme' an important element of the Peace Process agreed in late 2016.--- The issues have been resolved by the Government
Amerisur Resources has been assisting in this process, providing local farmers with pepper plants and farming skills such that they can swiftly make the transition to a more socially desirable and profitable crop. I am an AMER business model fan, but the latter smacks of neglect really and pxxx-take to the Market and I think we're getting the backlash. IMO WTFDIK HNY Twil blow over if Prod'n>6k and the OBA limit increases - we're in profit +5k even after July loss.
bakoven
Posts: 4,024
Off Topic
Opinion:No Opinion
Price:16.75
petrodorado
Mon 22:04
OK - clarity

"There are total tax losses to carry forward in Amerisur Exploracion (Colombia) Limited and Petrodorado of $55.3m (2015: $6.351m) – tax effect is $18.2m at 33% (2015: $2.54m). The significant movement compared to the prior year is due the tax losses acquired on acquisition of Platino.

"The tax losses in respect of Paraguay are restricted in use and are not available to offset against future taxable profits."
 
 




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