AMER.L Share Price (AMER)

It seems like a good thing we are no longer involved:

Bloomberg' s Energy Daily today

"Investors in Colombia’s state oil company have watched warily for two years as President Gustavo Petro tried to squelch the nation’s fossil-fuel production. They have a fresh reason to worry.

Ecopetrol SA surprised the market last month by pulling out of a $3.6 billion deal to buy a stake in Texas shale-oil assets from Occidental Petroleum Corp. Ecopetrol Chief Executive Officer Ricardo Roa said the board scrapped the deal because it required too much debt.

There was another reason, though, according to Juan Carlos Echeverry, a former Ecopetrol CEO and ex-Colombian finance minister. He said on a radio program in Bogota that Petro, Colombia’s first leftist leader, personally killed the deal.

Occidental CEO Vicki Hollub wasn’t happy.

“We thought we were done,” Hollub said on a call with analysts. “But President Petro of Colombia didn’t approve of it. And he’s made it very clear to the world that he’s anti-oil and gas, anti-fracking, and anti-US.”

A Petro spokesman declined to confirm whether the president had intervened in the deal but said the administration has “always expressed our interest in moving forward hand in hand with Ecopetrol.” "

Looks like we got out of this just in time pre-covid oil price collapse. Geopark price bombed from around $22 at the transaction for AMER to under $6, and has only recovered to $9s now.

This was my last oil field investment, ended up doing ok and grateful to be out. So long and farewell to all the AMER investors, hopefully money now tucked somewhere good.

Checked this morning , Geopark is a New York exchange and my broker charges £75 a trade plus management charges, not for me sadly.

Received also :-) this saga has come to an end. Good luck all and thank you.

Yep cash in my Halifax account this morning.

Anyone having a flutter on Geopark?