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Just a thought, $300m divided by 1.2bn shares is 20p a share more or less. Would have to come with stock too, i am not sure many would take that price just for cash.
Aye...the problem is they will probably bounce , will we? With drills results due in the weeks ahead I doubt it somehow. This is a bashers stock at the moment , can't see any light other than an ocean of oil to possibly move it forward. Those 2billion shares in circulation need reducing big style , a share consolidation would help , then a buy back could be a catalyst for better times ahead.
All based on crude price, Brent down 5% today, WTI 6%. For PMO make it down 14%.
AMER is down 6.9% , but PMO and ENQ are down 12% ish each. Just a spectacular red day for the sector.
Open to doing another top up only in single figures now, if it goes there, very hopefully it doesn’t .. if it does I’ll think I’m getting a real bargain..
It’s not me under another alias, I promise :-) .. I first bought at 28p on way down from 60’s .. thought I got a real bargain ..last top was 10p ish when down in the nines fairly recently .. thought I got a real bargain ......
Yes, the frustration finally got to me. Do you think anyone's going to buy us out?
you just joined today to tell us that? wow.
i think i know who you are.
How I wish I'd sold at 65p in 2014 or even 32p in 2015. Why are we down so much today? I'm getting nervous.
Debt free, cash in bank, 5K+ bopd Too rude not to double up.
To think when POO was at $40 the SP was higher looooooool
I don’t think so, I think 22 would do. If they pounce soon be lucky to see 18.
have they fluffed another well?
BHope - You mention your sadness over the tragic death of DC - I realise his experience of mining
in Colombia but as a non-exec director how would you have seen his ability to help the
performance of Amer during his time . How would you have seen his ability to assist
JW at a distance. I just have no concept of how a non-exec director can radically help a company
performance - ideally who would you see as a replacement ?
is there not support at 11.54 or something?
.
Just an observation, but the OBA pipeline was completed in October 2016 and it's only now taking its first third-party consignments of oil. It may not be comparing apples with apples but President Energy bought the Puesto Prado and Las Bases concessions in Argentina in November 2018 and they came with extensive pipelines. It's already using the pipelines acquired to transport third-party gas. The amounts involved are, currently, very small. It estimates that it will create another value-added revenue of US$200,000 pa. But the point I am really making is that it's actually getting on with it. One key issue that I had with Amerisur was the lack of action at the drill bit. At times it appeared more like a property company acquiring real estate. Sure, different jurisdictions and environments but, at the end of the day, it's an oil company and will be valued on production and reserves and that is largely a function of action on the ground.
Crazy price......more tucked away.
Again, Why suspend PUT 8 + other drilling, RODA multiple upgrade + Pint 1 when the payback - even with CX1 failure is less than 12 mths - massive miscalc which bombed the SP, we need an FD with balls , can speak Spanish and understands the II's & PI's needs not let output collapse. Talk to a bank get $50m and smash the barriers, GC is not out there 5-6 this year is another backward step whilst our Comps are growing - they won't get the return on a T\O at this rate.
Colonel Drake:
"It's not easy investing in a company that pumps the good news and then fails to update on that news when it changes materially"
Well don't then, for God's sake why don't you sell if you don't like what's going on ?
what?
oh-oh.
mathurin - tell that to the folks over at BMN.
As you will know GC is also chairman of listed South African mining stock
IRONVELD currently at 1.5 against 2014 price of 10 - this mining business
needs strong nerves.
"It's not easy investing in a company that pumps the good news and then fails to update on that news when it changes materially."
i agree.
Colonel, agreed, there needs to be more transparency on Platanillo particularly as it appears there is life in the old dog yet. I would be amazed if they didn’t announce the outcome from P26, and Sol is material so will have to be announced. Both dry, 10p, both producers, 20p. One wet and one dry, who knows. I still think AMER will be off the market by the end of the financial year either way. It’s way too cheap for its asset base now, with the Middle East getting shakier by the day the acreage somewhere vaguely stable is bound to look attractive. An effectively unexplored onshore basin with pipeline access?