PS: I should add that valthough AMER is doing everything right in terms of its development as an oil producer/explorer it is absolutely clueless about PR and getting the message across to investors. The website, for example, is an embarrassment. Perhaps that has something to do with it.
I haven't seen that article before but it's one of best about the company I've read. Yes, it was published five weeks ago when the shares were 55.5p and since then production and exports have increased. But the shares are now trading at a 20 per cent discount, and there appears to be very little interest from buyers at the moment. I'm completely baffled as to to why the sp has lost so much ground. I thought these were a screaming buy at 50p. They definitely are now.
wrong date..it was published in Mid-may..sorry got mixed up with Options date. July 11th approx before they cocan publish any 'beneficial' news according to the rules. Does not stop the likes of Shell coming in with an offer before that date though; or Pluspetrol perhaps? Looking for ways to get a few more soon!.
Talk to the management and there is a distinct feeling that they have very much higher figures in mind looking further ahead - but they are struggling to contain themselves, trying to stick to the sensible under-promise, over-deliver routine. The focus of Amer right now is on the wholly-owned substantial Platanillo licence in Colombia. It is quite hard keeping up with events, and the technicalities of operations, varieties of names and numbers makes it easy to grow confused. Forgive me a touch of vagueness here and there, but the basic conclusion is unmistakably bullish.
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