Ok I hear your point but can you then explain why other oil companies ie gkp ( I know I keep banging on about them) but have a look there not pumping yet, their rns was released stating they were not going to be drilling for another 18 months and there share price is well above a pound. Also I think you may be surprised to learn they are situated in Afghanistan, I don't think you can get anywhere more uncertain than that!!!!!! Try as I might to understand these points things like I say just don add up.....I believe this share price is being artificially suppressed,
The key issue is output sold - more wells and reserves are great news but unless these materialise into sales the market will not fully value them. So an update on bopd sold would be welcome to put to bed the uncertainty of recent months.
than sells today again total volume ,2,570,416- sells -876,197- buys - 1,491,250 , have to admit some things i do not understand how when there were so many more buys than sells how share price drops , great to see all the buys and the large buys
I really doubt that we will dip below 40 and actually there appears to be major support at 42, so would be surprised if we broke that.
I do agree that we are currently undervalued, however there does appear to be a large seller in the background that we will need to clear. It also looks as if people aren't getting too excited about our excellent strike record and masses of oil, simply because we have nothing to do with it all, however once that's sorted I believe we will seriously re-rate.
Paraguay of course could also be a catalyst as who knows what we may find there, but all in all I am very bullish about the future and at some point true value will out.
I agree Amerisur have come a long way, but remember when they hit 61p we didn't have half of the news we have now so how come they are drifting back down to the low 40's???? the price at present shows we have a p.e.r of 2!!!!! how low can this go??
Yes JW is one of the most respected people in the oil game and his reputation in Colombia is top notch. GC also has the contacts of course in the corridors of power and his track record is also beyond reproach.
Who knows, Amer could be built up towards the small major category in time, however it's doubtful that we will ever get to that stage as quite a few reckon that Plat will be taken out by a major before too long, this of course would still leave us Fenix and Paraguay, but who's to say that the whole lot is not a very attractive proposition to one of the majors, be it UK or South American.
It should be remembered that it wasn't that long ago that you could pick up some of these golden nuggets for under 2p !!
Amer have come a long way indeed and even hit 61p earlier in the year, it's just a matter of sorting out the transportation situation (and JW is on the job), once this is sorted I'm sure that our production will increase massively from current levels and we will then be looking at Paraguay as we have the pick of the blocks in a highly prospective and on the whole largely undiscovered provence.
you need the patience of job here...............or of cause cautioussid....looking at our fundamentals this price has to be corrupt.....gkp have got sod all and their share price is way over a £1.00 we have got more oil, little debt and pumping oil an we are hovering around 40p!!!!!!!!!!!!! I know im banging on but surely im not the only one who thinks this doesn't add up?????
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