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maybe. but better a glitch signalling up than down.
Surely a glitz with a mini sale minutes later at 12.70.
Share wouldn't jump 8% with a 275K buy?
Certainly a sign that our seller may have finished. Normally trades of that size have no affect on the price. Fingers crossed in any case. Huge volume yesterday that could have cleared the decks.
All have a good weekend..
a sign for where we are heading next week?
tis what LSE says.
13.9p? Am I reading that right?
*but smart...
lol
the red truck and the blue truck had a race,
all that red could was retrace,
he eats everything he sees
kinda reminds me of GC
my smart old blue he took the OBA.
to the tune of the 1989 ad: https://www.youtube.com/watch?v=Y4drNFXd6dw
watch third party oil feature at 12 sec.
Think the broader moves re climate change will see a reduction in demand and shift to gas. This is still some way off though. It's certainly a headwind. I also would expect reduction in high cost production. Reduction in offshore - i.e a shift onshore. We're already seeing this with shale - oxy and bp investing heavily. Also high cost breakeven countries will suffer. For Amerisur and putamayo this is good news - onshore and low-cost route to market. This is why the OBA is so important. Amazing that the SP didn't jump more on approval for third party oil. Even with no oil of our own we have guaranteed profit from this infrastructure. Obvious to me why Oxy invested and clearly part of their bigger plan and broader industry moves
Is it the red or blue truck (singular)?
https://twitter.com/AmerisurResourc/status/1129342770399907841
nothing beats first trucks arriving at Platanillo with 3rd party crude this week.
will i ever get my life back after reading that?
Wolster the article is in the following link - hopefully it works
https://www.zerohedge.com/news/2019-05-16/end-oil-giants-and-what-it-means
Wolster,
I too have been staying away from BB's for much the same reason.
I've read the report you mentioned and it is indeed interesting and shows how AMER's future value could be enhanced by the fall in production from the world's current major oilfields as production falls further into the future.
It also shows the forward sightedness of JW and AMER in buying up the many blocks/licences in Colombia, especially when they were cheap.
steady as she goes.
will it be cautiously optomistic next week?
https://www.linkedin.com/feed/update/urn:li:activity:6535099024893181952
Hi all, ive been avoiding the boards of late (didn't want to muddy the waters here with ranting etc..hopefully we will be on the turn soon)
Just noticed a great article, SRSrocco Report - The End of the Oil Giants, by Louis Arnoux 16/5/2019.
Im old & struggle with links (if someone wants to grab it), well worth a read & id love to here what our better oil experts on here think regarding it & its effects on the oil markets if true.
In fairness, I think the question was more like "Why are all the institutions selling?" or at least that the implication. In that context, it was a reasonable response by GC. That was how I remember it anyway.
Book looking healthier.....we are due this move North.
were on the move, perhaps the constant seller has moved on , soon be back in the high teens,
GLA LTH
leas - things have a tendency to get lost, usually because of a protracted, endless discussion of something that can be debated till the end of time e.g. why the SP in up/down/stubbornly static etc, has happen to me a few times.
I saw the tender a few days ago as I tend to check regularly and missed your post, have been too busy to follow the BB closely recently.
I think there is a tendency for many BB posters to just brush these things aside, but in reality the Seismic on CPO-5 could be just as important as that proposed by Occidental and lead to company making finds.
Good morning jtd. I posted the link a few days ago but got lost in all the chat about the AGM. Similar view in respect of ONGC 'jacking up' the development of the CPO-5 block. 6 of their last 10 tenders published have been about just that and it is clear to see that they are seeing Colombia as a place of great potential.
I read somewhere that Colombia are in the top 3 of countries for successful oil discoveries last year and puts AMER in a very strong position. Some chunky trades yesterday, feeling very bullish despite the poor sp performance.
A few months ago ONGC released a tender doc for a contractor the progress consultations and permissions for seismic activity over parts of the blocks not currently covered - presumably to accelerate block development and identify potential new prospects. Obviously it is a long-term objective and the potential wells will not be drilled any time soon, at the pace of ONGC I thought years away.
However, they have now released another tender for a contractor to undertake 3D seismic in the SW of the block, if you look at the block plan of prospect that's where some big structures appear to be located - possibly not even related to the current fields.
I's interesting as it really back the view that ONGC mean business in the block and are no longer dragging their heels, it may also point to good progress in achieving permissions in the block.
Tender description: "3D Seismic Data Acquisition and Fast track Processing in S-W of block CPO-5, Colombia Onshore"
One post only, CD Now we are getting somewhere, I TOTALLY Agree with you thank you for stating about GC and his notes at the AGM, I couldn't get there been a bit poorly, off work. We need to cut the head of the snake and get a properly functioning BOD that can enact a strategy. As I said, OBA PUT 8 great strategy but allowing output to collapse - vulnerable to a cheap takeover -game-over you're out. GC is retail, I hoped Snow would step up, and now DC is sadly missed, we need a Pro - an Oil man. GLA CD Thx- you said it without my frustration!!! and that applies to Nick. If I was on his amount of tin, I'd have a second home in Col and promote a young ACA or |ACCA to get the day to day done. Help out in country - or get an FD to work between fields Point being PMO get their accounts out Mid Aug - why are we waiting a month later when we have 1- 20th of their accounting complexity, they deal in multi locations currencies Gas rigs FFS etc etc - shows you LAZY is NH - NO AMBITION - he is a hider among men. NO one whopping his arse FFS because the Chairman is a PLUM - Amerisur accounts are no more than- TERM ' Incomplete records equivalent' - is what accountants call for low complexity businesses, NOT that the accounts are incomplete. Joke. HNY GLA Thx CD 100% my man.
3.8m, 3 x 550k