Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Why would spud change the direction? It didn't last time and I wouldn't expect it to this time either. Nothing changes the direction of this stock currently. As I have said previously , a change in the boardroom or a takeover approach is our only hope near term.
I HEAR you GC, HEAR HEAR or as you might say, HERE HERE!....;)
Why does anyone hear think that Sir Giles Clarke can be voted off the BoD.
ok to vote against his re-election but seriously it’s another dream and living in cloud cuckoo land.
this week, you stay cautiously optomistic, i'll stay speculatively pessamistic
looks to continue a while yet.
perhaps spud news might change the direction.
We may not be the operator but 30% of CPO5 could easily be valued at $250-300m very near term.
Regardless of BOD performance the acquisitions and licences takien in the down turn are beginning to reap rewards. I’m with Malcy in the fact that CPO-5 alone could covers today’s Mcap with 2 more appraisal wells. If we had a company listed on the junior market today with no debt and 30% licence stake in an onshore field where characteristics show wells perform at flow rate of 3000 to 5000 with 2 flowing wells and $40m on the balance sheet? Relax and wait - eventually this will pay off. GLA
I agree
We will only get what we want if .........
This BoD get on and develop what they have ASAP. This oil price scenario may not last forever.
F****** hurry up JW.
This BoD has an exit strategy.
The latter I seriously doubt exists.
They are quite happy to cream off the profits year after year at this level of activity. Producing 5k per day without lifting a finger is what I would do. Happy times for this lot so long as they do not rock the boat.
They only have an interest to enhance the share price if they want an exit. Clearly not the case.
We have to stir the s**** at the AGM.
I am going to have my say.
Meet you all there I hope. We all have our opinions which differ quite a lot, except we all want out with a handsome profit. Stuff long term putrid dividends and high salaries for the BoD.
WE PI’S ALL ALL WANT THE SAME
@14 mins
Malcy
"A complete mystery to me at the moment"
"The SP is ludicrously cheap"
2/3 solid things have happened
a)OBA construction & 3rd party oil
b)CPO5 discoveries & is worth a fortune to AMER ..prob worth 2/3 times SP on its own
c)OXY involvement Putamayo Basin
From me ....
Need an uptodate operational and production RNS from Amer on Monday before the AGM on Tuesday
Patience still needed but tough....
In small part........I have a constant substantial holding in this Company. I made a lot of gain up to 20 and lost it all again down to where we are now. Imho, that will all come back again and more, in the mean time I make some pocket trading the range. Their is so much value here, my business has 7 decades of history so I understand patience and time frame so that 40% range in 6 months is simply herd mentality at work and not value driven. Play the game in some part but hold onto that pot.
Done at 15.20, at which point the bid was raised. Looks like buys to me or that any large seller the mm's know about has about shot their bolt. Imho this is ready to move again from a trading point of view, the sells have all but gone at 12.50/60, with a few coming out at 12.76/80 which look to be small margin traders.....me included. But these are running out of steam as things get tighter at this level. A move back to 13's without news is likely, any positive news and this should gather momentum.
Yes, Malcy gives us a few minutes mention at 13:50 on his bucket list talk :
https://www.malcysblog.com/2019/05/igtv-interview-small-cap-oil-stocks-on-the-move-malcys-oil-bucket-list/
Timed at 15:20 today?
Hi CD. Yep, kind of making the same point in a roundabout way. A lot of fanfare, rightly so, about Indico results but point is we are not masters of our own destiny on that one. All the JW talk of multi-rigs not helpful if we are not fully aligned with the partner - those conversations should be internal. Given that we have few other active immediate options (platanillo aside) handling the ongc stuff well is super important. Deffo highlights the need to get cracking on our other blocks. Have said before, given the put8 news and end of year, the lack of bod purchases is telling. Think things happening in background re further tie in to oxy.
there is support at 11.5p (i think) so, we should be able to hear out the AGM
Malcy priced VOG at +240p when it was at 60p, it is now 13p.
I would not trust him as far as I can throw him. Which, given his size, is not far.
I have the same feeling. Invested heavily here. May have to be patient.
“ Amerisur is a mystery to me ............it’s ludicrously cheap “
Starts at 13.50
How can any BOD be happy with an 85% drop in SP?
It is a diabolical mess and someone should be paying the price other than PI's. Fecking disgrace!
If I were able to attend the AGM I'll let them know, voted against reward for failure. Pri*ks.
Can't make it to the AGM, but I'd like to ask what the deal was re Calao. JW specifically mentioned in one of the post Indico interviews that shareholders should not overreact to dusters. I therefore think he may not have been 100% into the idea. We then have the conflicting messages about next steps - he originally stating indico appraisal while ongc have gone for sol. Makes me think that relationship might be complicated. Will be interesting to see what we get from the AGM.
IF JW or BOD can convert - maybe with Amer holders to an offer, frees JW of the crucifix Amer has become, No FD to bolster operational decision making and implement a business plan , company grown beyond a Plat yard to operationally manage - OXy there, maybe the last block was 3rd party Oil approval - we are Now clear for take off. Hope that happens soon. GLA So the CX1 Feck up, accelerates a takeover, low entry level BOD get their options, we strung out, all assets proven up - i.e. CPO5 Indico OK, 3rd party's Oil OBA OK, Put 8 OK Net Cash $50m, I think the H2 low[ish est 2kbopd day and no Ecu OBA expansion plan means we were planning to get taken out, soon. Thank Feck. The Divi and reserves is for the acquirer to sell CPO5 and distribute- Wherever. There iws no functional BOD operational in Col - Accept a take - over - GC gone - if Minchko are upset - we are sold.
CD good shout, yes I agree with Amer falling into forecast quicksand - we are now out on our feet. As you said with the tragic loss of DC, the remaining quality of the BOD has depressed expectations. In the implementation of a business plan the FD has a key conduit role, FD needs to model the future income, understand market complexities, the cost equations cash flow etc, and integrate the decision making - we have a docile muppett with no cogones - and the gap in our BOD presence is as wide as our drilling. I HOPE we get taken over - I think 24p is about fair, I have lost all faith in that team, keep JW as a rock specialist and let him do the odd bit for Sky bet, how could you get CX1 wrong FFS at such a key junction - Why wasn't the FD calling this drill over and impacting decisions . Can't see how this can continue - AGM soon needs a few heads, CD agree with the prog. GLA GN Utterly gutted - how can 200ft Net pay end like this - its like James Dean, Buddy Holly mixed with the Krankies FFS
Presumably the blocks where Amer has less than 100% working interest will be subject to pre-emption rights or other arrangements in the case of a bid. This will make a hostile bid complicated and hard for a bidder to price. Possibly would get a low bid as means of asking management to open books and agree a higher offer. But pre-emption may mean a bidder cannot get their hands on some of the best assets.