The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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5p or 50p, neither is fantasy
Both are possible this year dependent upon the way events unfold.
I'll repeat myself for the umpteenth time - its' all down to the BoD, for sure they can't control the broader market but unless they perform significantly better at operational level than previous years it will all count for nothing even if oil remains strong, they can achieve 5p or 50p+ for us, everything is to play for and those that think otherwise really don't understand the nature of oil exploration in a frontier region
This may work out in the end as the number of drills going on look good to me
They continue to sink their own boat.
http://www.controlhidrocarburos.gob.ec/wp-content/uploads/2019/05/Prod-Mensual-Fiscalizada-14-MAYO-2019.pdf
Not immediately apparent they’re pumping any 3rd party oil at the moment despite the tanker delivery.
IMO, fantasy, sorry if its not what you want to hear. They could have started the race upwards today but since everything was passed I guess they missed that opportunity, just like they have missed many others recently. Lets hope things start to turn positive and we can get back to at least 25-30 by year end. That would be a good start if we are not taken out before then. :)
Some people have say £1 per share is possible. Is this fantasy or could it happen?
My main recent issues have been lack of implementation scale and the LTIP. Would've liked to see the latter rejected. On the positive side does seem like the work at platanillo is moving at pace and good to see that ongc have not delayed moving on to Sol. Nice to have multiple things happening. Would've liked to see progress on civil works but generally pretty good update this morning.
Unless we have more dynamic Management or a takeover I cant see 30p for at least 2 years. In 2 years bopd has in fact reduced. Yes we have great prospects but its always jam tomorrow with the current Management
How long until you think 30p will be reached then?
You will have a long wait then !
Wish they'd give the voting details and comment
funny telegraphist50 - so will I be around next year?
Hallelujah!....;)
If this EVER gets to 27p I'm out
I am cautiously optimistic based on this presentation.
My comments this morning on the Operational Update were too strong and I rescind them: sorry, Amerisur team. The frustration is that it would be good to have a really comprehensive update on each field and not just those producing.
OBA is good news: hope volume can be increased.
But quiet on forward plans. Any new on the LTIP and GC filtering out yet?
http://www.amerisurresources.com/images/rns-pdfs/AGM-Presentation-14-05-19.pdf
Drill programme remains in tact.
Drone attack on major Saudi pipeline infrastructure today a graphic illustration oil market is vulnerable to even the most minor of outages. ME / Persian Gulf is already a tinder box and now with US carrier strike group charging about like a mad thing - receiving orders from a mad thing! I fear this will not end well...
At least I'm not going to bump into GC at the ODI in Bristol this afternoon!
of avg 5000 bpod is about £131m per annum at $72 before expenses. OBA factored in and I think we should be at 18p. Success on drilling maybe back to 20-25p
Amerisur Resources
An AGM update from AMER this morning which one might have thought would result in slightly more than a measly 1.84% rise in the share price. Production is now 6,500 b/d above the top end of the 5-6/- b/d guidance with all areas of the portfolio delivering.
On the drilling front there is much activity, Plat-26 has spudded an infill well and completed workovers at Plat-2 and Plat-7 where both wells are producing U and T sands simultaneously. The next job here is to re-enter Plat-22 for a sidetrack to increase the productive potential of the well. Not content with all that, up at CPO-5 the Sol-1 exploration well spudded at the weekend and will be a fascinating look at that part of the acreage.
The first batch of third party crude has arrived and the target of 2/- b/d by 2H 2019 looks to be on track, another high margin revenue stream to add to the numbers is under way. Although the market has not yet taken all this news into account in my view the shares are way too cheap for a stock that exhibits such significant growth potential, either that or I am missing something…
He remains bullish. I wonder what it would take to change his mind?!
Agree Choppy - they know they're behind the curve, the problem is it's their own design and don't want to change.
don't much like the timing here. not sure the market convinced either.
its as if they know they are behind the curb, so they throw a few crumbs to avoid to much of a trouncing at the AGM.
An extract from the recent Arden report:
What might the OBA be worth?
Our scenarios and sensitivity analysis display a wide potential valuation range
from as low as US$14m to as high as US$669m. What we would take away from
this is that it is quite possible for the OBA to have a standalone value that is very
material in the context of Amerisur’s current market cap.
The key for realising this initially is establishing third-party volumes and cash flows,
and subsequently being able to ramp these up. Our analysis indicates that if these
things happen, and if they persuade the market to begin allocating a standalone
value for the OBA in the Amerisur stock price, then this could be material for the
shares.
AMER could take a leaf out of their book! Encouraged, as am sure others are by the urgency they are now showing.
Indico is too deep a structure to be isolated. Find the trap, find the oil - a lot of oil.
Once these guys get momentum we’re off to the races. I fancy a little luck could go an awful long way...
Meanwhile back at the AGM, imo Giles will do well to hold his position- there’s a reason the SP way down here. Someone with clout wants his hide...body language from the AGM top table will tell it all.
Expect a gradual recovery in SP towards 15p in days leading up to x2 drill results - much happier they’re back to targeting clear closures / structures in CPO5. Good.