With the local transport strikes and infrastructure nearing completion would expect these to move north of the 200 day moving average but now there's the shennanigans of USA politics throwing a general spanner in the oil works . Whilst this has no immediate validity to the price here its depressing the market- still think these show a profit from this level
Infrastructure and export facilities The Company continues to develop additional and new alternatives for oil delivery, and expects those options to allow a continued growth in production over the coming months.We aim to have a diverse portfolio of export options. These options include: · Trucking to Orito - 94km, currently taking between 2,000 and 4,000 BOPD
· Trucking to Rio Loro - 308km, currently taking up to 5,000 BOPD
· Trucking to Dina - 428km, currently not being utilised
· Trucking to Vasconia - 750km, currently not being utilised
· Pipeline under the Putumayo river into Ecuador to use the SOTE system - up to 10,000 BOPD capacity initially In the first half, the Company signed oil transport agreements with Cenit, PetroEcuador and OCP Ltd to facilitate exports of Amerisur crude oil through the Ecuadorian transport system, via the OSO, OSLA and OCP pipelines. These agreements form part of the Company's continuing efforts to create diversified, economically attractive and high volume export options. Meanwhile the Company is busy preparing the environmental and technical studies required to construct the under river connection and the flowlines which will connect Platanillo to the Ecuadorian system.
They plant to build a new pipeline under the Putumayo river and into Ecuador. Just a few hundred metres. Look at the link I posted for the presentation a couple of days ago. Currently, they have to truck all production to existing pipeline terminals within Colombia (which are congested).
Please bear in mind that I thought these were a screaming buy when they fell to 50p back in May! But my view remains the same, more so, in fact, at today's price. The pipeline should be a straightforward project from a technical point of view and it will be transformational for Amerisur when it comes on-line. Still a while until that happens but they have got the plans ready, which is a good start.
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