I read a day or two ago that the last of the FARC rebels groupings, 300 (the ones that are surrendering to peace) entered a transition camp - sounds like a shambles as the camps are simply a clearing without any reception buildings in some cases.
Anyway it seems to be a mixed bag of news, apparently as FARC are leaving other opportunist thugs are moving in on their operations and terrorising locals The areas are proving hard for the Army to reach - I suspect that doesn't apply to AMERs operation area as there is access.
On the flipside apparently the government have opened up peace talks with the next biggest rebel group after they released an kidnapped soldier and are hopeful hostilities will cease - that will allow the Army to tackle the criminals I suppose. I'm hopeful the company will be able to advice things have settled soon.
Finally I'm not one for being paranoid but with regard to our alleged persistent seller, I took a look at our main shareholders - with regard to our largest there is a history of slowly increasing a stake and making a challenge to management with an offer for the company - worth keeping an eye on them,
I looked to see if any other major shareholder might be working together with them, but it's hard to find out who owns what. Destabilising a company's SP to create despondency could with worth someone throwing a few shares at it for the long game. i.e. knock the SP down then make a premium offer (that is nothing of the sort). Perhaps I am being paranoid lol.
Dividend, special dividend (threat/warning?) and now management rights all help fend off threats for companies with cash. Bowleven are busy fighting off a big shareholder who wants to asset strip them.
I only understand about half of what you say but you seem like a nice enough fellow so I hope your optimism about this dreadful company proves right one day . Of all the commodity stocks I own this one is by far the biggest dissapointment both in terms of share price and quality of management. I am hoping that either there is a bid for amerisur or an activist investor takes a stake and shakes this company up ( a la bowleven ) as otherwise I cant see this going anywhere whilst it is being run by the current boys. Very dissapointed to have invested here for the right reasons ( pipeline at long last) only to see the share price lower than where it was before that announcement.
nearly a month sine last update and share price has drifted by over 15%=time the board update us with hopeful increase in throughput of OBA and where they are upto with potential spudding of Plat 2. Also any if any progress re increase in licence to get throuhput up from 5000 to 7500. I hope but would guess, given the boards inert skill, that progress has been made but doubt it as never have any qualms over drifting share price. So come on Giles and Co, get off your behinds and do something PLEASE
Quick Point - Pipeline is now PAM problem not AMER - Roll Reversal - its not the 5k limit by dictate - if we free up their Orient production - that's why Chiritza is so FAR into the system we get the nod. AMER could have at least a 50@:50 with PAM maybe more on the ambition. Mega turning point 5k limit soon goon IMO DYOR HNY
Last point - As in Property you can invest £1m not researched and be held on access issues via a ransom strip etc etc and so. The pipeline capacity operationally is the very same issue for PAM, if they have having to haul the hard yards on E 7 P - any help avoid the ransom - helps them get a better deal. GLA - AMER are in the right place except the SP. GLA. I Think AMEr didn't publish as they were over taken by opportunities. DYOR IMO WTFDIK Never except a cheque in the post - HNY. GN
Difference small Nov to Feb Pres - Nov 16 - Under explored with offset data from neighbouring Ecuadorian producing fields - No com - FEB 17 - WHY PUTUMAYO? •Under explored but with impressive success and offset data over the river –Ecuadorian OrienteBasin –490,000 BOPD. I think the delays are for +ve commercial opportunistic reasons given PAM's distress - that's the time to invest. AMER are NOT going to take over Block 58 with +$1bn etc etc - but a well positioned +$60m in the right place could bring PAD 5 back in & add Ecu output 20k nott that far away if deals can be struck. Seems to be PAM are choking on RODA infrastructure not just cash buy expertise and availability of resources which Our team can deliver - Only a guess DYOR IMO. GLA.
Pipeline success Amerisur Resources (LSE: AMER) owns and operates low-cost oil fields in Colombia. It's struggled in the last few years, swinging from profits to losses in the face of a low oil price, but I believe recent developments at the company are not reflected in the shares. Amerisur has completed work on the OBA Pipeline and after much back and forth with local authorities it is now open for business. The company is currently shipping 1,500 bopd through the structure from its Platanillo oil field every day. This amount is expected to rise significantly in the coming months once the "adjustment of the dynamic measurement system" has been completed. Opex costs per barrel are expected to decline significantly from an already impressive $26 to under $15. Furthermore, this development is expected to increase the amount the company is paid per barrel. In the past, the company's oil was transported by truck and was sold at South Blend pricing, a discount to the new attainable pricing, WTI, available by using the pipeline. The company had deliberately constrained production in the face of low prices and in anticipation of the pipeline, a solid long-term decision to extract maximum value out of its valuable low-cost reserves. The company currently produces around 4,500 bopd, but expects to increase that level to around 20,000 by 2019. The company has a massive £56m cash pile to help it achieve that level through new drilling initiatives and asset purchases. Pumping value The share price has been pretty stagnant over the last few years, but at a market cap of £287m and the aforementioned massive cash pile, I believe it to be cheap. In 2013, the company achieved a £46m profit from an average output of 4,730bopd a day. If the oil price were to recover and the company hits its 20,000 bopd production target I believe it could easily see its market cap double.
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