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Do you think we would get any statement regarding plat-26 if drilling has proved successful?
Must be at total depth I would have thought.
Is the silence golden? One trade in the first (nearly) hour this morning. No bots, auto trades, continued dumping. Maybe, just maybe, the sellers have now stopped. The chat board clutter has also slowed, no more shorting. Two wells about to announce over the next few weeks may have taken then downward pressure off for a while. Too risky to short as too little downside with current production. Baysil - be calm old boy. We are better without debt, and with partners doing all the work / investing. It’s just time and timing that matters. If we are at 6500 ish now, we are producing more than 18 months ago where they managed to spike one month to 7,000. Our exit rate for this year will be 8-10k bopd, same cash, more valuable assets.
patience? mine ran out several years ago fortunately
cheaky news this morning then?
AMER problem no debt.
ENQ/PMOothers problem debt.
and there lies the conundrum.
This SP will never develop a progressive advance until we have established - multi well sustained increasing output is achieved, same Enq PMO and others with debt reduction , for every advanceAMER makes structurally we have absorbed a decline -i.e has been associated with a prod'n decline, square the circle - F\EXCH gains are wiped out as with CX1 FFS - We are producing less than 18 mths ago - why should the SP increase on FEX. I said this BOD is lazy and stand by it, we shoyld have borrowed and pushed civils , ECU RODA capacity etc etc . They need to get of their arse and do some Math!!!!HNY - this will take +3 wells to recover.
Normally a falling pound sterling helps the share price of dollar earners such
as Amer. Given the present outlook for an eventual hard brexit led by
Boris pushed by Farage - it looks like sterling could fall further - so traders
may be buying Amer & shorting sterling - once we get a happy drill result
from Sol . By the way given the low SP why wouldn't Giles risk more of his
own funds - JW has done enough.
More breaking news: Greenpeace to award GC a medal for doing so much to reduce the value of investments in the oil and gas sector
E-mail header this morning - AMER - RSRCH: GMP FirstEnergy "Discontinuing coverage"
Think you make an excellent point here - we only got the cpo5 op through a combo of the downturn and them being slow. The fact that they are now pressed for time to meet obligations should work in our favour albeit we may have a few dusters along the way. The recent tenders for seismic and the number of recent tenders in general suggests they are moving ahead at speed now. I think budget allocations end of year would've played a factor recently. Hoping for more signals re scale up. Multi rig announcement would be the one.
sorry, 4.15.
1M shares after close?
To retain the acreage, certain commitments have to be fulfilled and hence ONGC cracking ahead on the exploration wells and seismics: Indico appraisals, however financially appealing in the short term, do not assist in retaining the block.
At least it does mean that they will be consistently drilling, here, in the south and in the north east adjacent to Llanos 34, so an exciting program ahead.
Obviously, two rigs would be the GTE solution, but if ONGC had got a move on with the job post the 2008 award of the block, Petrodorado would not have sold their interest to Amer and we would have missed out on this stellar opportunity.
Broadly speaking there's 4 weeks in between drills plus another 2 weeks of set up time to move pads so end of Oct sounds about right, depends whether there's any sense of urgency. Maybe they'll build a second wellhead at Indico in the meantime to give further flexibility and keep Indico 1 going full throttle.
and yes, sol does seem far away. don't know what they are up to.
maybe better to work their way back and let Indico just flow on for now.
well spoted wait. thank you sir (or maam).
They refer to it here http://www.amerisurresources.com/images/rns-pdfs/Investor-Presentation-Feb-2019.pdf on page 18 as "Indico Upside-1X& 2"
Sol, seems quite far away
compare with
https://twitter.com/AmerisurResourc/status/1094901955124695041
looks like there is a NEW prospect NW of PAVO on p10 of the May prez
http://www.amerisurresources.com/images/rns-pdfs/AGM-Presentation-14-05-19.pdf
anyone agree?
guess it was an error after all
they reversed the Friday 13.9p trade
Just to be clear, now we are transporting third party crude, are we offfically an Oil Transportiion Company? If so, think that is a phrase that could make its way into the AMER PR.
Of the two drills was the play drill not underway? IMHO, could be within 2 weeks for one and 5 weeks for the other.
Completed do you think? Hopefully see a steady build this week. Wish they had done the safer drills first but at this price a duster has to be priced in.
Looking at broker forecasts back in 2013 I see that Goldman Sachs were forecasting a price of
80p - based I suppose on spec exploration success . It's like us finding a value in 2025 of 3p based
on the latest Peel Hunt forecast of 20p. How must the long term institution holders feel.