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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.

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.

I think this is great news. Pure extra profit for few additional costs. Someone mentioned below $3m. If so thats +30% extra profit. All good I think the 2k limit signifies a few things: a). Cautious to fully test the system -ramp up over time; b) local contractor issues - this is essentially talking money from Colombian truck drivers - they are unionised and strong having blocked Bogotá before in disputes with the govt so need to tread carefully with them: and finally c) suggests we may be looking to fill that extra capacity later in the year ourselves. See nothing to grumble about. All good. Now get bloody drilling!!!

Someone over on advfn has posted a similar article from The Times in 2016 re the last LTIP. Quite shocking that they'd have the cheek to push this again after apparently getting heat last time. I'll definately be voting against. I also think a change at the top (GC) would be a good thing. They can't keep stating one set of obviously unachievable implementation targets while on the other hand setting LTIP targets that have effectively already been met (or had been in Jan). This greed and crap implementation aside, there's so much potential. Very frustrating!

Https://www.thetimes.co.uk/edition/business/shareholders-take-aim-at-amerisur-boss-giles-clarke-q2fnvkqw7

This is very significant in my view. Think others have stated before, but as soon as seismic and some success in South we'll be taken over by Oxy. Maybe cpo5 sold off as part of the process Hope the share price is allowed to run up to a fair price in the next year or so otherwise will be lowball take over.

Figures for platanillo going to be a bit choppy if they are taking wells offline while they workover. Then followed by boost as increased production comes online. is what's I'd logically expect to see. Not a big fan of these figures as can be used to manipulate and lack clarity. Some minor use for longer overall trend I suppose. Drill bit progress, rigs and 3rd party more important imho. I would expect some good news before AGM in whatever form as a sweeter ahead of the meeting

That doc is from 2018...

He also says they drilled 4 wells in 2018. Did I miss some?!

Re institutional investors, the list on the website due for update soon. Will be interesting to see. Anyone know if there's a way to differentiate the intuitional investors on the list rather nominee accounts (a lot on the current list seem to be the latter). Cheers

Hope those planning on going to the AGM give mgmt stick about the recent share issue. Very poor. Should've set more reasonable objectives and been for staff only. Management should be using their huge salaries and bonuses to buy their own shares. Also the targets in the end of year report also poor - too easily achieveable. They also need a kick up the arse re missed 2018 targets and now seemingly seeing unattainable targets for 2019. Re sol. It concerns me that JW seems to be out of step with ongc. We suggested indico appraisal and they've decided sol? What's to come with multi-rigs - I suspect nothing. Overall, I'm now generally confused re what to do with my holding. I'm getting increasingly frustrated. I don't mind the odd duster - is to be expected. Issues with targets and payoffs is another matter altogether.

There's actually quite good volume at the moment and has been since calao1. Will be people loading up. I suspect there'll be a few spikes down to the 12s to try and capture some stops

The fact that the farm outs not over the line yet, together with shift in dates towards one year for approval (sure much less quoted earlier) suggests to me that the partner is waiting for CNOOC results.

I too agree that the plan is wildly ambitious given past performance. The result at Calao may have put the brakes on a little too. I suspect we'll see 2 on indico, sol , plus 1 somewhere in the South. Having said this the number of wells is not necessarily important if we are increasing reserves and production. The indico wells likely to add extra 2k plus say 1k from sol. Could easily see us over 10k with platanillo workovers thrown in. Indico drills could see reserves increase. This together with the extra OBA throughput should see the share price recover. Also suspect we'll get Oxy involved in put 8 - perhaps why no director buys this week?? Something happening in background to account for lack of buys by the BoD after the results

I actually wouldn't mind if they did take on some debt - if this helped get things moving. Actually think it's a bit odd for a company not to have debt - particularly in such a low interest rate environment as we have at present.

Report is ok. Nothing more. 2018 generally poor except for oxy deal and indico. Progress is slow and too many failed targets mean that value in the SP not going to return unless they start to hit these and some confidence returns. Pintadillo news released and hidden here is irritating - should've been released separately in an update. Reprot still not clear on rig plan for cpo5 and states that civil works not yet started in the South. Very frustrating. The BoD need to be grilled on the missed targets and the share price woe at the AGM.

Given the way the share price has been held down over the past few months there's little urgency / inventive to get in. May as well hang on until closer to next expected news.

Btw it's a public holiday here in Colombia on Monday so would be surprised if they release news - unless sent to hq Friday for Monday.

In the tender doc are just the corners of the cpo5 block. Disappointing. Thought might shed some light on the plans! Foiled again.

Anyone able to shed any light on all those similar sized trades that went through this morning?