. . . YEP, nice to be back in the blue..... The SP was .9p back in October and I dont know why some people are still negative about this share.... My hunch is that this will climb well over .30p this year as the oil extraction gains momentum.
Hi Robert. I'm afraid Amerisur wouldn't recognise good PR if it came dressed as Father Christmas with a cure for cancer. Having said that, it does look like someone has made it an early New Year's resolution to get some coverage. There was even a bit in the Weekend FT (although it was neither a tip nor news so I couldn't really understant why it got the space). I thought this would be touching 20p by now but we should see some forward action in January. Possible confirmation of the Reto funding and announcements on the Platanillo development. In any event, with proper production in 2012, the PR should be self-generating.
I like you do look forward to more positive news - the company does a great job PR wise when it has something useful to report. That said, albeit as a shareholder, I would love to be proved wrong, I still remain of the opinion that there is likely to be more profit taking before we see a sustained upward thrust in the value of the shares, the present rise is, as you point out, possibly due to the two articles you mention. BTW, I think it is no bad thing that 52.07% of the voting shares of the company are currently controlled by just seven organisations: see http://www.amerisurresources.com/AIM_Securities_Information_AMER_050511.pdf
Couple of news stories on the wires with Giles Clarke talking about expansion etc. Might explain last minute tick up. Paraguay still a long way off so I cannot get excited about it at the moment. But they do now have some very sizeable blocks. Really not to be sniffed at. Still waiting for news on another front. Might get something (very) soon.
Surely this is jam tomorrow. The RNS states: we plan to begin prospection work in these new areas during Q2 of 2012. The fact there are three new applications for Prospection Permits within the Piriti and Pilar sedimentary basins in Paraguay is no encouragement to increase share holdings in the company or is it any incentive to new investors; I would be surprised if we do not see more profit taking prior to release of more positive news next year.
Amerisur Resources, the oil and gas producer and explorer focused on South America, is pleased to announce that it has made 3 new applications for Prospection Permits within the Piriti and Pilar sedimentary basins in Paraguay. These areas have been defined on the basis of new analysis which was prompted and supported by the positive results seen in the San Pedro Aeromagnetic and Gravity studies. The three applications, named Espartillar, Las Palmas and Coronillo, have extensions of 2,400,000, 2,400,000 and 402,000 hectares respectively. The applications are currently under review by the Paraguayan authorities, and the Company hopes for a positive determination during January 2012.
In the San Pedro block, in preparation for seismic acquisition during 2012, the Company plans to acquire a seismic test line in the early part of 2012. These operations will trial various types and configurations of energy source and receiver array to determine optimum characteristics.
John Wardle, Chief Executive commented:
"Our recent work in mapping the fundamental geological structure of the majority of the Republic of Paraguay has led us to identify important potential in the areas we have applied for. Given a positive response from the government of Paraguay we plan to begin prospection work in these new areas during Q2 of 2012. We are very pleased with the progress in Paraguay, and the acquisition of the test line will provide key information on optimal acquisition parameters, allowing us to perform optimised exploration over our very large acreage position."
Giles Clarke, Chairman commented:
"We look forward to increasing our presence in Paraguay and to continuing our exciting exploration campaign there."
These are still half price imo. Looking forward to new wells at Platanillo coming on-line. News due also on Fenix which, if they can unlock its secrets, will be much more productive. Now is a good time to be in.
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