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Share Views: Mike van Dulken on today's Company Results and Macro considerations


Amerisur Share Chat (AMER)



Share Price: 17.75Bid: 17.75Ask: 18.00Change: -0.25 (-1.39%)Faller - Amerisur
Spread: 0.25Spread as %: 1.41%Open: 18.25High: 18.25Low: 17.50Yesterday’s Close: 18.00


Share Discussion for Amerisur


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reggie72
Posts: 4,601
Off Topic
Opinion:No Opinion
Price:18.00
UKOG
Today 10:41
hold 100% of the license area and will probably farmout for $$$$$$$$, onshore bonanza. they also have a load of other good plays.
the ceo is quoting the find of 'national significance'
 
Juxtapose
Posts: 184
Off Topic
Opinion:No Opinion
Price:18.00
Ecuador pipe lines
Today 07:41
From big wave dave on ADVFN.

hTTp://ocpecuador.com/en/sala-de-prensa/documentacion/boletines/new-phase

Even though this is downstream from us, it might throw some light on the type of negotiations that we are having and why we are storing on site. Interestingly, the focus is on innovation and getting a low cost solution. It is also worth noting the political dimension.

"The so-called “Segregation Project” generates better trade relations with Colombia, consolidates bi-national integration and contributes by improving the economies of both countries".

"Given the interest shown by several producers in Colombia, since 2013, OCP Ecuador has been transporting crude from the south of Colombia, specifically from the Putumayo Department, where oilfields produce crude oils of several gravities (API 18- 31)".

"For the development of this project, OCP Ecuador was sponsored by several governmental institutions, and its design took over a year, without significant investment, but making use of the technical know-how of Ecuadorian personnel.

According to Andrés Mendizábal, OCP’s CEO, “we reinvented ourselves within the context of regional hydrocarbon integration for the benefit of our clients and to continue generating value for the country".
bakoven
Posts: 3,995
Off Topic
Opinion:No Opinion
Price:18.00
incidental
Tue 22:14
https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=170953863

I note Tracarta Ltd (aka JW) has taken up 7.08% of Ironveld's stock.
No comment.
hoss2
Posts: 131
Off Topic
Opinion:No Opinion
Price:18.00
RE: UKOG
Tue 17:32
Don't know enough about UKOG to draw any comparisons however I'm now of the opinion that there is no imminent good news re OBA. It's been a complete farce for years starting with the time to complete excuses ... I would love to be wrong but after being in this dog for over three years now I think it's getting near the time to exit and take the hit.
Howard05
Posts: 141
Off Topic
Opinion:No Opinion
Price:17.75
UKOG
Tue 12:04
Cant believe that UKOG is now valued at £20 million more than us and not even producing and I am sure will need to raise funds to start production.
We need the Board and Investor Relations to get their fingers out of their..........and get this share motoring up to 30p to start with..SO Board give us a definitive answer to where we are upto on OBA issues
Juxtapose
Posts: 184
Off Topic
Opinion:No Opinion
Price:17.75
RE: What news?
Tue 09:56
The best news has to be the OPEC meeting yesterday, supporting the current price of oil.

Saudis cutting back and Nigeria to be capped.

It all makes economic sense just on basic comparison of the profits on an extra 10% of production versus the resulting loss on every barrel of oil resulting from the associated fall in the price of oil affecting every barrel (and between $45 and $55 per barrel is a fluctuation of 20%, so a complete no-brainer, other than the "bankruptcy of shale" game plan).

A lot of interesting data flying around on the shale industry, indicating that ongoing investment might be difficult to obtain, as it starts to be seen as a ponzi scheme.

So at $45 per barrel, we fund our capital program, but the interesting news will be to see if there is any refocus.

Thanks for that article, bakeoven: it reminded me of something similar that was doing the rounds about 6 months ago, when someone also posted up the site plans for the new pumping station at Chiritza. I wholly agree the sentiments expressed, that we should be focusing on delivery to us of the contractual 5000 BOPD capacity, before taking a single step further in this direction and would second any disapproval of getting drawn in to maintenance and patching of something past its sell by date and not belonging to us.

Looking at the presentation details, nothing further is planned for the pipeline, but having looked back at various RNSs and the accounts, there do seem to be these nebulous references to "negotiations", It would be really interesting to know whether or not, the priorities have changed, but of course, some of the work on other blocks is compliance with required minimum work and might not be capable of rescheduling.

Given the lead times on extended tests currently in planning, perhaps it is a steady build towards that rather than a daily adrenaline fix.
Itsriskythat
Posts: 191
Off Topic
Opinion:No Opinion
Price:18.00
What news?
Tue 08:42
So much promised, and yet there's no sense of excitement, if ever there was?
BaysilHope
Posts: 1,346
Off Topic
Opinion:No Opinion
Price:18.00
Stated beautifully - GN
Mon 22:16
Directly To the point. Well posted bril. GN
bakoven
Posts: 3,995
Off Topic
Opinion:No Opinion
Price:18.00
hindsight
Mon 21:49
It was dumb to believe any reliance could be placed on the OBA delivery system. The shortfalls now stretch back several months. Lost throughput for June alone will have been ~6000 barrels - a sizeable value @ $45 a barrel. July figures have to be turned around. AMER was given a 5k/day "guarantee".

That minimum has to be enforced before the company starts entertaining any ideas of throwing money at the problem. It could become a bottomless pit. "Bottlenecks" are [subsequently] sorted out across the river, only for more defects to show up downstream.

In looking for some background details I came across the following link:

https://www.worldfinance.com/markets/petroamazonas-brings-energy-efficiency-to-Ecuador

The most relevant points can be found towards the end of the article.

On the face of it the company has been more than a little naïve . . . and they boast all that manpower[sic] on the board. Also, we still await ratification on most of the acquisition deals. And Year 2017 is moving swiftly.
BaysilHope
Posts: 1,346
Off Topic
Opinion:Strong Buy
Price:18.00
ECU & COL too small for BP (LOCAL)
Mon 19:18
I do apologise, Sunday afternoon, having a joke, Amer has brokered a bilateral deal with the above and no doubt could replicate something similar in the form - albeit of a marriage between an Ecu delivery system investment in exchange with PetroAmaz for escalating Col OBA basin throughput (Can't research this) - hence the crap joke & reference to Local Asset as AMER Bod have a deep personnel insight into local politics, engineers and rebels. GLA - If you have any meaningful research to add please share. GN




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