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RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum


Amerisur Share Chat (AMER)



Share Price: 17.25Bid: 16.75Ask: 17.25Change: 0.00 (0.00%)No Movement on Amerisur
Spread: 0.50Spread as %: 2.99%Open: 16.50High: 17.50Low: 16.50Yesterday’s Close: 17.25


Share Discussion for Amerisur


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Juxtapose
Posts: 224
Off Topic
Opinion:No Opinion
Price:17.25
RE: Indico-1
Fri 22:51
Thanks, JTD, for sharing your research.

That map is really interesting. Have you tried to look at it in conjunction with slide 32 of the analysts' presentation of September 2016, which also has a scale on it and shows Mariposa, Loto and Sol?.

Judging from the information that you have ferreted out, it looks as if Indico is on the Mariposa/ Sol north/ south line. I made it 10 kilometers from Mariposa to Sol.

Sol is elephant hunting.

As you say, the lack of interest is quite extraordinary. Maybe with all your skills, you should be doing the PR for the company,: they seem to have gone to sleep on the job.
 
rhodi
Posts: 2,759
Off Topic
Opinion:No Opinion
Price:17.25
A matter of time
Fri 20:32
This will be back to 30p within first half 2018 and I think that reward VS timeline is satisfactory and happy to top up at sub 20p all day everyday funds willing.
Wuffle
Posts: 632
Off Topic
Opinion:No Opinion
Price:17.00
comparison
Fri 12:32
Mid September, when this was last at 17p, the oil price was $10 cheaper and JW was OK about buying 1.2million shares.
Dana didn't dig quite as deep, but then he paid more.
jointhedots
Posts: 1,348
Off Topic
Opinion:No Opinion
Price:17.00
RE: Indico-1
Fri 11:40
Bakeoven - I wasn't referring to your figures or post from yesterday, just referencing Mariposa-Indico, exit figure for year is a completely different issue of great imminent significance.

I'm posting about the future prospects, which are totally ignored as you just acknowledged, I think.

I think Malcy's comment that the market has misjudged could turn out to be a massive understatement, I believe Indico is testing the same oil reservoir as Mariposa (please correct me if wrong, maybe is a totally new prospect!)

I've just scaled it off from the satellite using Google and they appear to be approximately 8km apart, if it's the same field then doesn't that make it very large? Maybe it's separate, but interesting nevertheless.

I also estimate Loto-1 at 5.5km and Kamal-1 at 13km so all within round 5km of a central point - just shows how little of the huge block has been explored.
bakoven
Posts: 4,109
Off Topic
Opinion:No Opinion
Price:17.25
RE: Drop
Fri 10:57
Mariposa-1 was not overlooked.
My comment last night was confined to the Plat story. That's where the market focus seems to be. The Mariposa effect has been negligible from the beginning. And I accept that it will add >1000 bopd, probably boosting profit margin by nearly 20%. Also, a few of us prefer not to include CPO-5 in the "7000" exit figure as it almost certainly referred to Platanillo only.
jointhedots
Posts: 1,348
Off Topic
Opinion:No Opinion
Price:17.50
Indico-1
Fri 09:59
ONGC have released the tender for the civil work for their next well INDICO-1, judging by the timescale for submission they could be awarding the contract early in the new year and the contract is for 45days max. so I suppose if they didn't end to end everything we could be drilling by the end of April - more likely to be later though based on past lack of urgency.

The tender Scope of Work reverts to Spanish(I think) and rambles on for ever, but I finally found what I was looking for on Pg68, a nice little satalite image with local roads, towns, new Indico- 1 well and the wells drilled so far marked up. Unfortunately it won't paste here so you'll have to look at the document if interested.

They all appear relatively close (though there is no scale) and would maybe make a nice little production group if Indico-1 comes in as a producer. Loto-1 was reported as a possible producer if associated with other wells and I seem to remember Kamal-1 contacted hydrocarbons so it looks like the area mays be a nice little hub (maybe eventually even a large hub).

All three wells already drilled seem to follow a East-West trend whereas the new well steps out to the south so I think its' probably a massively important well. I also tried to find Sol-1 (which should have been drilled previously)before it was forgotten about and as I recall that was further to the South along the same general trend as Indico-1. Is there perhaps a possibility of these prospects being linked or extensive - I'm not an oil man so I'm just guessing but I assume the geology is complex so lots of drilling will be required to make decent estimates of what is really there ,

It would be quite exciting if there was an aggressive oil company running it instead of a cumbersome national oil company laden with bureaucracy- never mind patience, patience and more patience required, I'm most circumstances finding a play like Mariposa would be seen as a massive opportunity, but for Amer it's done very little.

Anyway, enough of my whinging, lots to look forward to later.

http://www.ongcvidesh.com/wp-content/uploads/2017/12/Tenderdoc-Civil-Works-for-Indico.pdf
Juxtapose
Posts: 224
Off Topic
Opinion:No Opinion
Price:16.50
RE: RE: Drop
Thu 23:24
Bakeoven

You have repeated the error of OBA figures only and that certainly confuses the picture.

Are you unaware that Mariposa production is sold at the wellhead by ONGC Videsh and trucked from there, going nowhere near the OBA and therefore not included in the OBA figures?

From November, you are understating total production, as non OBA sales have re-entered the frame, to use your terminology.
BaysilHope
Posts: 1,549
Off Topic
Opinion:Strong Buy
Price:16.50
Sign of the Times $110/57Oil Amer
Thu 22:36
In 2018 Amer will make more profit at $57 Oil than $110/Barrel 2013-14 and have three times the reserves but NOT be Valued at 60p a share but 16.5p makes for a no brainers thumbs up - even with the odd Boston Tea party surprise. GLA Shorting is a short/medium term distraction really - you can't run a business on that logic - that's why it gets to me. HNY GLA - I 've bought & sold at 15p - but this is a quality business at fundamental level and the more you diss it the more risk you guys get into until, it will flip and be on the Wish list - Even Malcy no comment this week after Monday travels is siding with the Shorters, 30 pieces of silver Judas and your Spt 16 free lunch. GLA
BaysilHope
Posts: 1,549
Off Topic
Opinion:Strong Buy
Price:16.50
We are Forgetting Cash Net Back+$41
Thu 22:17
Yes to all previous posts- what Does Warren concern himself and 99% of all businesses is Cash generation. CPO 5 valuable light Oil sold at pump +$41 Net back - 7kbopd not $45 Oil $57 Oil - fully funded - we are making a mint and the market is ===Shorters driven by the herd using RH as a Smoke Screen - for the young & foolish don't start shorting at 16.5p FFS you will get creamed - take well deserved profits because a herd of people will pile in here at a certain RISK FREE Level, No Debt and record output. At the end of the day - Investors and other Businesses invest in cash generating companies - we are on that list, with a huge runway for future growth - the infrastructure is in place at Low Oil levels, we are a keen Takeover target not as a ploy FFS as I said Land Coalescence = High Value Trades and the BOD know this. Our assets deserve a premium at some date - the Shorters will win short term (That's the time to hoard) then business reality will govern, it's a question of time, Patience and greed, the Market can be misplaced HNY. As a PI its up to all of us to decide - that's the fun, that's the risk, but at the end of the day the business must have fundamentals and generating +$7m per month is good enough for me, despite the odd Local in Country party.. It's about a journey and the Shorting has a good roll to play to allow us to go back and revisit SP levels and enjoy profitable volatility. What I hate when they control & contort the public essence of the business and forget about the basics cash generation - that's Shorting weakness and when an RNS comes out Like Zama from PMO Bang!!! +35% upside burnt.
bakoven
Posts: 4,109
Off Topic
Opinion:No Opinion
Price:16.50
RE: Drop
Thu 21:23
I am glad there are other posters who keep me in check.
In the past I have been prone to over-optimism.
In this situation my measurements are on deemed-to-be actual sales.
The remainder of stats, whilst useful, are regarded as confusing the picture.
And non-OBA sales seem to have dropped out of the frame.

November - Average throughput per calendar day was 5,768 BO
October - Average throughput per calendar day was 6,102 BO
September - Average throughput per calendar day was 4,078 BO

Where are we on commissioning of the third pump? . . . should have been up and running last month.

"The 3rd export pump at the Platanillo export facility has now been fully installed and is undergoing testing. It is expected to be available for service in November".




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