Member Info for BaysilHope

Forgive the editing:- Just had to sorry. Day-o, day-o SP Come and I wanna go home - title of the Song'
'ONGC Working on a drink of rum
Rig E-2029 Come and me drill bit gone
Indico Well, 1 ripe big Banana
Giles Clarke Gone and the Board not home

Chorus - Day-o, day-o
10p a share and me wan' go home

Well Chiritza Pump RODA Big Kahuna
OBA stuck at the 5k floor
PUT 8, Put 9 Put drilling Disaster
Harris Dick son and he won’t go home

Day-o, day-o
5p share cash and me want some more

Comms Lady, Comms Lady , Comms Lady
RNS news soon or we just go home
Is our U sands T sands, all in good order
AGM Come and you better go Home.
Come, mister broker man, rally me Nirvana
Daylight come and me Brokers gone home.

loved this song in Beetlejuice HNY Feck um all GN

Just seemed right at the time:-
Has Rex gone my lord, Kumbaya?
Someone selling Lord, Kumbaya?
ONGC Spudding soon, Hope in Hell,
OPEC cutting back now, news will tell,
RODA Pipeline Powered up, my lord? Kumbaya
BOD Shares options expiring 2018 - Kumbaya,
GLA HNY
We are all praying Lord Kumbaya.
Shorter’s bailing my Lord Kumbaya.

WOW - so natural it flows, keeping the same Name not subject posted Bril. Amer whilst attractive is TOO close to Bi-lateral block deals and distribution issues - that IMO DYOR - it will be left along to bring home the finished article, eg, GTE need 20kbopd thru put with OBA within 2-3 years, only AMER Executive can do this quickly and efficiently with its long time Ecu political allies and business partners and with business half finished i.e ECU pipeline physical capacity, we can do that, that's why the BOD are confident they have not TO DEFEND a takeover, when we get more acreage, more reliable infrastructure and diverse bi-lateral production, then we are going to be a real target - not now with so much unfinished business. Anyway, with 5p of the 10p share cash, we should have gone months ago. We are more valuable left alone and finish the Bi lateral job of exiting Col Oil through ECU which is a 2-3 year job for +50kbopd. GTE has plenty of wells to drill first to justify any corporate acquisition of AMEr and at 35kbopd its OK with current arrangements but at 55kbopd it needs us far more and that's good for us medium term. It makes sense for GTE to JV with us now and jointly develop common acreage the side up later. Amer can use its cash to sort out ECU distribution infrastructure and hopefully new blocks in time and hopefully producing acreage next March 19 fingers crossed.

Look at great companies like Cairn, has debt but limited output, PMO I like but has $2.5bn debt for 70kbopd, Enq 55kbpd & debt, Tullow etc etc Amer is the only Oiler able to pay a Divi free of covenants and can double/ treble output without going into debt, I would like to see some debt for substantial infra structure and ECU acquisitions. Even GTE Geopark struggle with banks covenants , - we are THE Gold standard in NO DEBT - BUT NOT RNS management, so we can do deals, pay divi be free for Capex, even though we are utilising less than 50% of OBA capacity and these Shorting Monkees diss this - Balmy Army , Balmy Army. Hurricane great company - no income for a while but yet has to overcome an un proven fractured basin system, a unwitting shorters paradise close in - so the guys sucking you in for a kill, there is no substitute for free cash Sweet Pea, and we have it despite the BOD filth that needs a cull and communicate. Yes this POO situ is not over, but I don't want debt in this gale of negativity. HNY

That's why I said it months ago, GTE have a growth trajectory defined by its debt limitations and debt covenant restrictions, it is held back to a point, on the other hand AMER has brutal Free Cash and held back by a Charlie GC FFS, so by combining both company's strengths, don't bid against each other and work through joint territory position and coalesce capabilities for mutual gain - the sum is greater than the two halves. The downside of this approach is deal time, it will take longer no doubt as it becomes unwieldy short term but better for long term gain. Hence didn't see Sur Oriente mentioned in GTE Q3 - I'll double check,. that's where we drill PUT 8 as of last April FFS Note GTE had pipeline security issues do OBA a present alternative, GTE push out 35-36bkpd we could be 50% of that in 12mths with 3 CPO5 drills coming in. So our delay in Pint 1 could be reviewing Put 8 drill from Plat and so on. I think major structural negotiations are under way, Vetra is a waste of time holding back the area and GTE need to be lifted out of iyts straight jacket, AMer fits the bill offering Eastern outlets can blending capabilities for the Output mix. GNA HNY HXM.

One point, -8% drop yesterday and a -$20POO fall and we held, bril. Doc GTE just read it, they are buying back but have a convertible loan. Now I think a Conv Loan next year could raise substantial funds for acquisitions in ECU. But Note Quote At September 30, 2018, we had $115 million aggregate principal amount of 5.00% Convertible Senior Notes due 2021 (the "Convertible Notes") and $300 million aggregate principal amount of 6.25% Senior Notes due 2025 (the "Senior Notes") outstanding. The Convertible Notes bear interest at a rate of 5.00% per year, payable semi-annually in arrears on April 1 and October 1 of each year. The Convertible Notes will mature on April 1, 2021, unless earlier redeemed, repurchased or converted.
The Convertible Notes are convertible to Common Stock at a conversion price of approximately $3.21 per share of Common Stock at the option of the holder at any time prior to the close of business on the business day immediately preceding the maturity date. The Senior Notes bear interest at a rate of 6.25% per year, payable semi-annually in arrears on February 15 and August 15 of each
year, beginning on August 15, 2018. The Senior Notes will mature on February 15, 2025, unless earlier redeemed or repurchased. Under the terms of our credit facility and Senior Notes, we are required to maintain compliance with certain financial and operating covenants which include: limitations on our ratio of debt to net income plus interest, taxes, depreciation, depletion, amortization,
exploration expenses and all non-cash charges minus all non-cash income ("EBITDAX") to a maximum of 4.0 to 1.0 (under the credit facility) and 3.5 to 1.0 (under the Senior Notes); the maintenance of a ratio of EBITDAX to interest expense of at least 2.5 to 1.0 (definitions of debt, EBITDAX and other relevant terms are per the credit agreement or the indenture governing the Senior Notes and may differ between these agreements). As at September 30, 2018, we were in compliance with all financial and operating covenants in these agreements. Under the terms of the credit facility and Senior Notes, we are also limited in our ability to make distributions to our shareholders. End Amer no covenants and no share divi limitations, nearly 95% of other small Capp oiler shave divi restrictions WE DON@T FFS - Last point FERMS I get HXM sorry I was thinking Happy X Mut!! Sorry. GN Hate to short this, we've taken nearly ALL THE BLOWS, Micro, self inflicted, BOD Callous GC - Irresponsible NH , Marco POO, Shorters - RH heavy selling The Sorting ammunition must be nearly spent now , as with the Bulls we haven't started yet!!! HNY More pain to come but we have held our ground well, Cash is King and Free Cash even better, so where's the premium. GN

As they say in the land of the Blind- the one eyed Man - Ferms !! is King. Thx Doc - I am a simple investor L2 to me is a lift in Gwent hospital. I'll print this off and study. Looking at GTE, they have been under attack in the US down $3.91 3rd Oct & $2.8 ish so see the sense. Appreciate this excellent insight you have taken the trouble to share. TA Baz. GLA HNY Fexk Trump, Social media is fine for consistent relationships, I think as Trump consistently disappoints - like blaming record fires in the US on people he will reap the wild wind and end up getting a negative backlash as the cheap media high ground is levelled and bettered by more intelligent quality individuals with long term business, as his TV rating fall off a cliff and his wife is there to assist that failure, against better quality individuals. Evil can win in the short term with lies and guises - the truth wins eventually, at great pain, cost and suffering for the injured. It is the courage to stay the course is the key. HNY

If the 3 brokers just Fecking Discussed it we are up, and at say 12p you would be taking out a lot of cheap shares as a bottom feeding manoeuvre and get the SP of the front foot. Looking at displacing the SP inertia - and cheap you've made me review it at thgis depressed time, no good at 20p, the opportunity is lost. The point dawning on me, is there are opportunities for this BOD all the time with the right agile mind, unless we are in the midst of acquisition!!!! - which I believe is working against our short term position but medium to long - massive!!. IMO DYOR GL

Short Term, Doc when you put it like that a 10% buy back would no doubt eliminate short positions, I agree on that and then longer term divis, so a combination of both would be ideal. Doc I take you point as ' now remembering PMO used equity in a different manner , utilising their convertibles fixed price to issue equity and reduce the short position & debt- but using Equity an a tool - the opposite of AMer but objective clear the -ve over hang and support the SP. I know PMO is not a like for like c go compare , but it did propel the stock by clearing off a -ve sentiment, which is what we need, i.e action short term - so that breaking the -ve sentiment and deadlock yes do it. One off. Then divi's - sorry for the spurt, but I realised how much we are affected by the IMPASSE - doing nothing. Thx Doc.

Ferms - What is HXM? That video was probably sponsored by the Manson family in their ' Early, Lighter, Phase or Moment' with a splash of Play Misty and definitely chemically enhanced I think. I have not heard the White Rabbit song before, White lines yes by Duran Duran, video a mental song. Yes & POO falling as shorters take full advantage of a Rip in the Time continuum. KSA have been duped By the MacDonald and Russia will now see a weaker Trump and he is there to attack now. This contrived over supply will blow over soon as the REAL supply reality will kick in and markets re-align, no doubt we will be attacked tmz. Three things, One Share Buy Back, we are in the tail end of ONE Mother of a Share Buy Back, where 150m shares have been redistributed from an alien disenchanted HWI PI to more supportive II's so that would negate the need for a buy back as RH will be gone soon and normal share supply and demand will resume IMO DYOR. 2 If you take on debt for a share buyback, it signals the Co can't do much in the way of growing SH ers value, rather invest in High IRR projects. AMer has the projects, which have very High IRR, has the cash to invest , but can't control the timeline, this is the models weakness, And 3, as the project subject matters are bi-governmental with difficult lead times, which are short/medium term and this lack of control is not being communicated properly leading to SP exploitation. However, AMer does over time convert these opportunities into results, take Put 8 - does not make sense the delay unless there are other structural issues in play. NSE have to publish their next quarter results end of this month and that will clarify matters further. ECU is there for the taking, but the timescale is 2019. So a lot of Shite being posted by the shorting brigade to get in cheaper but greed is what greed does. I choose to remain in here throughout and top up when the opportunity truly permits. From the Oilers point of view bargains abound BP PMO etc ridiculously cheap, but for how long? WTI is taking a real kicking as the US wants shale to slow down in the POO itself. Instead of a share buy back, I would much prefer a 10 year expanding dividend based upon growing production and reserves delivered through meaningful investment in high IRR projects and a change of Chairman, which will take time bnut start in 2019. Of all the small oilers capable of a 10 bagger , IMO Amer is top of the list by a long way when real news unfold and project deadlines become visible. GLA HNY Ferms thanks for the music education and I agree with your analysis of POO and SP last 2 mths in you post. Cheers. "Success is not final, failure is not fatal: it is the courage to continue that counts." - Winston Churchill.

Trump is full of Bull, stated clearly NO Iran Exports, all out sanctions told OPEC to fill the gap, with extra 2m capacity POO hit $85 , US bottled Iran sanctions with 8 waivers and now have created a false market. Trump, if he continues will be remembered for going back on his word more times than Charles Manson, not completing anything - N Korea and iust full of US Bellecks. Time now for OPEC Russia to disregard the monkey and cut prod'n re-balance the market. US shale at substantial discount to WTI by $15-20 must be hurting at $57 FFS. The guys is just a social media experiment, with little sustained substance, a twitter meddler, telling OPEC conflicting stories within 2 months. The Oil Markets should ignore him now the elections have finished. On a positive, Given the last 6 weeks Amer has held up very well considering PMO hit 94p today-5%. BP 5.04p. I want to see Trumps tax return. HNY GLA FFS.

The Points being made, AMER is a low cost producer, no debt, own our pipeline, have other transport options, FARC peace accord holding $70/ Brant no issues, with an existing $70m cash pile, and in the middle of ECU & COL turkey season. Easyp you forget the massive seller that distorts our relationship to the primary driver over the last 2 years and yes deadlines have been missed, just like Glencore in a bear grip, then once freed, the correction will be swift. The longer this goes on front loaded lead times naturally become shorter, week by week, the balance of news or lack of has favoured the short position, but that cannot last forever as Amer is solvent and cash flow +ve News will out soon, on many fronts.

North Dakota’s Williston Sweet and Williston Sour traded at $43.00 and $35.77 a barrel, respectively as of November 8, with a $15-20 discount to WTI. According to data from S&P Global Platts, the average Williston Basin discount was $2.75 a barrel in September, and then fell to $8.45 a barrel in October, when more than 800,000 bpd of refining capacity in the Midwest was offline for maintenance last month. So far in November through November 12, the Bakken Williston discount has averaged around $17 a barrel to WTI.
Crude oil prices in the Bakken, which have already weakened over the past month with a lot of U.S. refineries out for maintenance, could further slip going forward because production continues to rise while the crude could freeze on the crude-by-rail in cold winters, executives and analysts tell Reuters.Winter weather makes crude-by-rail operations much more difficult. You have stuff freeze up, especially in North Dakota,” John Zanner, crude analyst at RBN Energy, told Reuters

US Shale Permian is selling at between $10-$15 discount to WTI, see article which would put it at break even at $60 WTI, Quote infrastructure over view abd it not just Oil needs pipeline Waste Fuids 5:1 to oil and Gas. Its success, however, is beginning to highlight cracks in the area’s infrastructure. By the end of 2018, BP Capital Fund Advisors expects production to exceed available pipeline space by 300,000 to 400,000 BPD. By 2019, that gap will rise to 750,000 BPD, causing a “significant” amount of oil to be stranded in the basin.
And it is not just oil pipelines that are unable to keep up with demand – the associated natural gas production has also overwhelmed the system, and the accompanying water that is produced is becoming a problem too. For every barrel of oil produced, between three and five barrels of contaminated water must also be piped away. Additionally, more pipelines will soon be needed to handle natural gas liquids, which are components of natural gas.
“So we’ve got basically four different infrastructure systems that are extremely challenged right now. This basin is not going to stop growing, either. It’s going to keep growing as these companies expand across it,” Collins said.
What’s more, oil behemoth BP recently revealed its oil trading unit had swung to a quarterly loss due to the Permian bottlenecks, which have led producers in the region to sell their crude at a hefty discount relative to benchmark West Texas Intermediate prices. While the spread was as little as 40 cents at the beginning of the year, it reached between $15 and $20 a barrel in August. This discount is expected to persist for at least another year.
Not only are producers grappling with discounts on their oil, but in response to the squeeze companies have also been forced to go down the expensive route of storing their crude or driving it hundreds of miles on trucks to pipelines in other parts of the state. Production is expected to continue ramping up in the region in the decades to come, and the planning process for building pipelines appears to be flawed. Collins said a new type of financing would be needed to allow producers to better cooperate with midstream players: “If oil and gas companies actually formally commit and sign on to be a shipper on a pipeline, that’s how these pipelines will get built.” Yet, Collins admitted, most producers are reluctant to own their own pipeline. End - Amer is a low cost producer of quality oil with comfortable margins at $70 Brent discounted. Shale needs debt and with US interest rates rising they are under pressure to perform with cheap money a memory.

POO fallen $15 to under $70, major shareholder selling millions in volume, delayed newsflow and we are at11p, they must be gutted and with a concerted Bear posting campaign on LSE, 3rd Oct Amer were 13p, we fallen 15%, PMO from 142p to 99p, -30%, our cash balances must be near 5p/share and growing, RH is running out of stock, and news\drilling flow is getting nearer hence the panic, POO will slowly recover from here. OPEC agreeing Dec reductions and you sense AMER deals are in progress, hence Directors holding fire. Amer should make +$25m profit and are well capable of paying a dividend, with no debentures in place. The bear case is in the price, which will provide a significant upside in time, especially when RH is gone completely. GLA.

Not going to knock PPC, I was a massive fan of Peter Levine, still am PPC focus was totally on Paraguay until a dispute that failed it- required a massive overhaul of direction took 2-3 years. Now PPC making a great recovery in Argentina, but Mkt Cap £100m and YET AMER have £60m in cash and same value EX CASH - FFS . PPC had a torrid escargot in Paraguay that derailed their ambitions, hurt me., yet WE have multiple Growing opportunities and the MM's are warping reality. I Met Bob Shepard now FD of PPC, great guy, and been to the AGM, but when he talks of 300bpd as a deal ish, we are on another level. We need the SP Exocorsist to get rid of this false value, which only suits the II's topping up at discount. FFS It is a game we get it but don't lie FFS Amer have more oppos than most with their drilling prog but say nout, well played. HNY GLA Sack of merde.

POO clearly smashed down ready for a rally, clear out positions, Mid Terms - Trump powers are cut House Of Rep, could give OPEC a decisive state to CUT curb output - after Trumps pre Mid term plea to key pump prices down. Russia now will pick up on this and Feck Trump, POO is stupidly under valued - so rally due supported by Iran sanctions, slow burn North. China Tariffs jury out - but 6 months from Demand issues - GLA HNY

JTD - As time goes bye!! Geopark, great firm but all JV's whilst Amer are more strategic and try to swallow the whole tuna based deals, i.e Ecu. OBA, + last 2-3 year acquisitions, no Bank debt, Feck the shareholder pursue the deal. That's why these monkeys hide behind silence as deals are no doubt in progress - even if prod'n share abound, that's why they won't have mine cheap. As I said before MAer are masters at the waiting game, Vetra are Fecked loss making, New Stratus energy is a bluff, no cash, they will rinse this with GTE No doubt, OK understand the silence, but normal updates, ONGC are getting on my fecxking v=nerves,, they got the kit - Lift it Sweet Pea, STICK THE RIG IN THE HOLE - THIS IS BASIC ELEMENTARY PHYSICS - what is so fing difficult J Arthur Rank, unless we are telling tONGC TO delay the news. Glad we have a Great Chairman- what a business leader, of the highest moral order, great communicator and PR guru - and MASSIVE example for young entrepreneurs Superb. HNY Glad I'm invested - the great BOD Charlie Uniforms - Nov ish Tango, to the last. HNY Get me 20p and I'm off after an AGM to remember Sooner than we think, I'll send letters and copy the BOD in and ICAEW, just waiting.

Quote, with a Slight Edit please read carefully, ' Relish everything that's inside of your investment, the imperfections, the darkness, the richness and light and everything that keeps the SP down or distorted . And that makes for a full life/ Investment ish . But get the point. What a man. Ferms, after Norville the Vent Keith Harris Duck- persona - Watch Anthony Hopkins In Magic where the Vent Doll takes over him, Oscar Material 1978, real horror, just like Juventus tonight FFS. Own Goal just like ONGC & our BOD. Better investing in Mushroom electricity, great idea but !!!!!

News Black Out , NO Comms, just like behind the Iron Curtain, Who is Control? Not JW!, Carla from the film must be Rex, Bill Hayton, the Mole ? NH double back stabbing ICAEW, he uses the Chartered Accountancy as a 'Blind Spot', Rick Tar is GC, with the False expectations and transferring hope Values to India + Ecu and NO NEWS, this seems Amer is an MI5 project rather than an AIM investment where honest news is easier to get in Moscow which is a fecking joke. What we need is Jim Predeau = Mark Strong in the film with a news gun and break the code. This is a Circus, Control is NOT in control and we need George Smiley, that's not Malcy and I don't see that group responsibility and stature within our board, could be GTE. GLA - This is not the investment I signed up to, What I mean is the financial performance is within tolerance, maybe not the Drill, Just the Fecking deceit, withholding information is a deceit, so is False expectation and bias news RNS. Next AGM, if there is an EGM first should lock these Bxxtards in for questioning by KSA staff. FFS Shocking Management of Info. GLA HNY. Feck the SP - this conduct breaches all professional standards of Duty of Care, once a mistake 7 month deliberate and as I said needs to be reported.