Member Info for BaysilHope

Great news, OPEC not increasing and RETURNING TO COMPLIANCE OMG! OPEC, Russia rebuff Trump's call for immediate boost to oil output Quote - ALGIERS (Reuters) - OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market. Falih said Saudi Arabia had spare capacity to increase oil output but no such move was needed at the moment. “My information is that the markets are adequately supplied. I don’t know of any refiner in the world who is looking for oil and is not able to get it,” Falih said. Russian Energy Minister Alexander Novak said no immediate output increase was necessary, although he believed a trade war between China and the United States as well as U.S. sanctions on Iran were creating new challenges for oil markets. Falih said returning to 100 percent compliance was the main objective and should be achieved in the next two to three months. Oh Yes spank the US Monkey, He should concentrate on getting a US pipeline built and create jobs, rent it to Shale Keynesian economics - FFS can't do that on TWITTER Pxxck!!! Absolutely love it as you said Doc $90, no shale to bat it back, no OPEC output surge to smack it down, trade wars take many months to kick into the World econ cycle, I know its refinery season soon, so good timing from OPEC would have been a disaster to up output now, when refineries on Maint. Good Call Mo!.

Quote the Canadian company New Stratus Energy announced that it has signed a "letter of intent" to acquire its package of shares for 77 million dollars. For now it is a principle of agreement to formalize the transfer of the company, which according to Inveravante accounts had losses last year of 18 million euros. Quote The businessman Manuel Jove, a billionaire who owned Fadesa and one of the 15 biggest fortunes in Spain, is determined to close the circle in his business with the decisive return to real estate development and the gradual abandonment of renewable energies. A path that began to travel five years ago and that, according to the latest accounts registered by its holding Inveravante, has important assets, the main one, a stock of land and land pending development worth 543 million. If it completes the policy of withdrawing the energy business, Jove will also release ballast of a large part of its short- and long-term debt, which at the end of 2017 was estimated at 692 million, 68% linked to the financing of projects. Energy. This debt accounts for 28% of the 2,436 million euros of assets held by the group. Enough said. Fingers crossed. The NSE guys are Ex PAcific Ruiables, which caved in we acquired distressed assets off. Time will tell. GN GLA Last post. GTE very quiet no emnetion Drilling PUT 8 from their pad.

Inveravante investment fund of Jove has tried for 5 years to sell its Oil assets and failed in 2013 when POO was +$100 and the Mr Berti former head of OPEC was involved. The Quote from Aug 18 article - Note it's a Pre sale Contract -'Inveravante, by Manuel Jove, has reached a pre-agreement for the transfer of 74.5% of the Vetra oil company, which it has already tried to sell five years ago. After July 31, the transaction is not yet closed, although Inveravante recorded in its annual report that the sale of Vetra is "highly probable". Manuel Jove controls 74.5% of the company through Inversiones Frieira, which has three production wells in Putumayo, a department bordering Peru and Ecuador, and several exploration blocks in Los Llanos and Putumayo itself. Inveravante failed in its last attempt to sell the oil company
Inveravante remains the controlling shareholder of Vetra despite itself. In 2013, it agreed to sell its 74.5% to Vetra Holding SARL, an alliance between the management team of the oil company itself, led by Humberto Calderón Berti, and two international investment funds linked to Capital Group and Acon Investments. This operation was interrupted when the buyers were unable to meet the payment obligations, which is why Inveravante kept its share, valued at the last accounts presented by the company at 137.1 million. Mr. Humberto Calderon Berti founded VETRA Energía S.L., and serves as its President, Chief Executive Officer. Mr. Berti served as the President of OPEC and is widely regarded as one of the founders of the modern day oil market. He has also held the position of President of Petroleos de Venezuela, S.A. This must be a huge opportunity for Gran Tierra Energy to get control and Amer's prospects improve. A willing seller, a weak competitive Pre Sale Contract expired no cash and Amer can add new economies of distribution saving and expertise. Frustrating but WIP GLA Thanks Doc for the info appreciated. HNY Good hunting, NOTE Inveravante sale ' The SALE' is highly possible but who?!! is the real buyer.

Thx Doc, Petroleum Traders link, and banks up forecast +$20 in that brief, faster than my initial thoughts, so even with drilling delays, our second half should perform well, our Net Backs at $90 POO impressive.. Still can't find any news on PUT 8, it makes sense to drill PUT 8 target 2 First not second well, it is light Oil, yards away from our civils, low cost tie back into OBA, that area used to be called West PLat and that light output compliments the heavier N Sands in Pint 1/2/3 rather than Pess about next to Cohembi, the furthest target who's merit is drilling from Sur O avoiding an Enviro!! and then truck it FFS. The drill plan is Arse backwards, IMO DYOR only thinking out loud, , West Plat first Listen to JW May presentation on this well confirms its ease and proximity to our civils, Nibitivus the large N sands in Mid Upper PUT again next, closer proximity to us drill No. 2 and then Mirra whatever from Sur Oriente last, with high transport costs!! I wonder if the delay was us getting an enviro for PUT 8 and drill it from PLAT. Still news ill out next week. GLA. HNY.

In 2016 Shale was THE threat to KSA &POO, look at it now, Permian giving away oil - Rigs down slightly but DUCS up but where's the cash flow? and OPEC Meet this weekend. Quote (Reuters) - U.S. energy companies cut oil rigs for a second week in three as new drilling has stalled in the nation’s largest oil field, where production was forecast to grow at the slowest pace in nearly two years due to pipeline constraints.
But since June, the rig count has held mostly steady at above 860 rigs as crude prices in the Permian region in western Texas and eastern New Mexico have collapsed due to a lack of pipeline infrastructure needed to transport more fuel out of the region. The Permian is the biggest shale oil formation in the United States.
Oil production in the Permian will rise 31,000 barrels per day, its slowest growth since late 2016, the Energy Information Administration said this week. More than half the total oil rigs are in the Permian. Active units there increased by five this week to 488, the most since January 2015. With so many rigs operating in the basin, operators are drilling wells but are not completing them due in part to the transport constraints.
Drilled-but-uncompleted wells (DUCs) - wells not connected to a pipeline - in the Permian will rise by 211 to 3,630, the largest monthly increase since the EIA began tracking the data in September 2016. This week, U.S. crude futures were up 1 percent to about $71 per barrel, putting the contract on track to rise for a second week in a row in volatile trade ahead of an OPEC meeting on Sunday. US now begging OPEC to increase output. Where's the 2-3 year pipeline planning person, under concrete by now. GLA GN. 43 days to Iranian Sanctions, can't wait for Iran to block the straits of H, I will have to walk to work then mind you £10\litre, POO +$100, KSA no worries about demand destruction, Trump's sorted that out already!! HNY,

I know this is not important right now, but going forward to PUT 30 with +300MMB prospective & only 38kHA (most dense we have & largest) it has more of a role. Quote March 17 RNS of the acqu;n, Note *J.Wardle and G.Woodcock declared themselves conflicted in the Mecaya acquisition. N.Harrison and C.A.Martinez performed the evaluation ‘*** which Included private agreements. I've searched back to this - Avalon also acquired a 15% interest in the 74,000 acre Mecaya Block in the Putumayo basin from Gran Tierra Energy, Inc. This Block contains the Mecaya 1 oil discovery and two other wells which have tested oil. The Mecaya 1 was drilled by the Colombian National Oil Company, Ecopetrol, in 1989. The Mecaya 1 well tested approximately 650 BOPD of 27 ° API oil, with no water at a stable flow rate over a period of 24 hours. At the time of drilling, the Mecaya well was a considerable distance from infrastructure. With oil prices much lower than they are today, the development was considered too small (at 5 MMBO) to meet Ecopetrol's economic threshold in 1989. Today's market conditions favor this development, with oil produced in this area having a netback of approximately $70.00 per barrel. Current development plans include: building an access road, re-entering the Mecaya well and putting it on production. If the initial production demonstrates that the reserves are approximately 5 million barrels of recoverable oil as mapped by Ecopetrol, the field will be developed with additional wells. END. There is no published JV or partnership remaining ie.e Canacol & all - accounted for. Just tidying up the file. FYI PUT 3 was relinquished by VAST ---& NOW Col have a new tactic for block bidding - see 31st Aug Press - Six mostly foreign companies have so far made bids to explore for oil in 21 areas in Colombia under a new system that seeks to boost investment and find new deposits to increase the nation’s reserves, a senior government official said. NOTE Under the new system, approved in early August by former President Santos’s , companies can bid to explore in areas not yet offered by the government. Last point, JW needs to RE- establish trust with investors, anymore games will weigh very heavy on sentiment. The reason for the research, both Col & Ecu have large bid rounds under way, a legacy of little investment 2014-17 in the OIL downturn and certain opportunities can't be missed IMO, even with 10kbopd, DYOR IMO we need funds and can take on $200m debt no issue or provide a divi and raise in 18mths when RH gone. JW might need cash if we don't sell CPO5, the uplift in scale will demand it, also add a 2nd pipeline - what a powerful development runway if we stay true to reliable progress and reasonable deadlines. Pintad 1 is the place to start a post RH relationship with Pi's FFS. GLA

I know Llanos 34 is sexy but aren't you over stretching yourself on A Continent based upon a 45% WI, No wonder Mr CEO Park looked keen, Quote, 2Q2018 Drilling Schedule
The following is a summary of expected drilling activities scheduled for 2Q2018:

Prospect/Wella Country Block WI Type
1 Tigana Sur Oeste 4 Colombia Llanos 34 45% Development
2 Tigana Sur Oeste 5 b Colombia Llanos 34 45% Development
3 Tigana Sur Oeste 6 Colombia Llanos 34 45% Development
4 Tigana Sur Oeste 8 Colombia Llanos 34 45% Development
5 Tigana Norte 8 Colombia Llanos 34 45% Development
6 Tigana Norte 9 b Colombia Llanos 34 45% Appraisal
7 Jacana 21 b Colombia Llanos 34 45% Development
8 Jacana 22 Colombia Llanos 34 45% Development
9 Chachalaca Sur 1 b Colombia Llanos 34 45% Exploration
10 Tigui 1 Colombia Llanos 34 45% Exploration
11 Yaguasito 1 Colombia Tiple Exploration Acreage 85% Exploration
12 Rio Grande Este Argentina CN-V 50% Exploration

a) Information included in the table above is subject to change and may also be subject to partner or regulatory approval
b) Drilling initiated 1Q2018 with testing expected in 2Q2018

Look I'm not anti Geopark, but when every feecker takes a throw at Amer, we forget what a strong position we have with consolidated acreage, not spread over a feecking continent with no critical mass other than in the Llanos where they have a minority WI interest and no transport solution and +%320m debt FFS And our SP down Monkees !!! FFS . gla hny,

Big & Wide & in debt is NOT beautiful, Gepoark Saw the O& G interview, Parl the Guy has Spunk fair play, they earned $5.5m on $160m Rec - Q 2 Net Debt +$320m, gearing +280% and transport FFS this is where you get it horribly wrong, it will change it will improve, this is a good company, but when we slag Off Amer, they sorted their route to market first. Quote Geopark : Reference and Realized Oil Prices: Brent crude oil price averaged $74.9 per bbl during 2Q2018, and the consolidated realized oil sales price averaged $57.2 per bbl in 2Q2018, an 18% increase from $48.6 per bbl in 1Q2018 and a 71% increase from $33.4 per bbl in 2Q2017. Differences between reference and realized prices reflect commercial and transportation discounts as well as the Vasconia price differential in Colombia, which averaged $4.1 per bbl in both 2Q2018 and 1Q2018, compared to a $3.6 per bbl discount in 2Q2017. Commercial and transportation discounts in Colombia were reduced by 50 cents per bbl to $14.5 in 2Q2018, compared to $15.0 per bbl in 1Q2018 and $15.1 per bbl in 2Q2017.
In Colombia, construction is underway of a flowline in the Llanos 34 block targeted for completion in January 2019 and is expected to improve current commercial and transportation discounts even further.
The table below provides a breakdown of reference and net realized oil prices in Colombia, Chile and Argentina in 2Q2018:
2Q2018 - Realized Oil Prices
($ per bbl) Colombia Chile Argentina
Brent oil price 74.9 74.9 74.9
Vasconia differential (4.1) - -
Commercial and transportation discounts (14.5) (9.9) -
Other* - - (8.2)
Realized oil price 56.3 65.0 66.7
Weight on oil sales mix 91% 3% 6%

So that's why we held back output to gain Max throughput and not waste cash, 30kbopd $15 transport a bit nuts really..., but that's debt repayment for you, drives your decision making until you become marathon man working for the bank. Sorry to be -ve but AMer has got solid finances and our problem is known and a short term issue. GLA
I think this is why CPO 5 was delayed - infra structure issues.

Listening again to GC Interview, Plat existing prod'n was about establishing AMer and acquiring Oil Blocks That's done. Phase 2 needs the N sands which are expected to have the same Oil as Existing Plat, so why acquire all there other oil blocks if there is no N Sand anomaly. GC also said Put 8 output to flow thru the OBA, that would only be possible if Put 8 East was drilled or also called Plat west. Once Rexit is down to a limit the real news will flow , on the presentation the N sands sweet spot was 7500ft I think slide 23 - surely they can't miss 11MMboe with the first drill FFS, they've delayed long enough now. Time to get the Business plan back on track.

Santana - Cover with Newbies - You tube While my guitar gentle Sleeps - A George Harrison song, Santana is there to help young talent. he has always done since Super Natural Album 1999 but this is brilliant, I love guitars but this man is God's gift but more so a mentor & Saint for ALWAYS giving something of his talent back to the next generation. I Luz Carlos. HNY Watch be patient but his guitars do not over take the message Clever guy, my hero. Very under rating for What he has put back into music. HNY

Agreed , nothing to add. JW has had a lot of time to weigh up the N Sands and North Plat, this is his call and he has Skin in the game, so fingers crossed, it is a very important drill as it has implications for other Blocks and the region, many competitors will be observing the results, especially GTE. The cheeks of my Pintadillo 's are tightly clasped. GLA GN Well said guys.

Poor editing, he's made a fecking huge loss. GLA GH Tired. Well Done Amer Good Results, pleased. HNY

After getting upset with Amer He switched to Pantheon, the share went from mid teens to 1814p and BOUGHT in 5m, Smart Move and this is the SPECTRE we are nerous of except for Deceptacons Motives and OMD - all the older LTH's know this but keep the Sherlock Homes Dr Blackwood Mystery about RH, but there is a massive Ceck up here buying at a 10x av in PANR FFS can't go there, A: Voting rights attached to shares viii, ix
Class/type of
shares

if possible using
the ISIN CODE Situation previous
to the triggering
transaction Resulting situation after the triggering transaction
Number
of
Shares Number
of
Voting
Rights Number
of shares Number of voting
rights % of voting rights x
Direct Direct xi Indirect xii Direct
Ordinary shares
GB00B125SX8 0 0 12877418 12877418 5.99%
17 June 2016

It's sad so AMEr is the guilty party. Don't know his holding but can see the anger. AS the film says # Let it Go, Let it Go be at one with the Shale and the Rail, Let it go, Let it go don't send your shares down the drain. HNY GLA Simple Inverse logic only way to make money on a set market, invent the Mystery of RH. HNY

The Grass is not greener when it comes to Shale. A Prick that burns twice as bright gets swallowed Ceck and all. Soon.

L & G holding 31st Dec 2016 Page 29 Annual Report 54.7m, at the 31st Dec 17 below 3% so a minimum of 20m sold or let go that year. Last AIM Rule 26 update website 56.8m 31st Aug 18 , so all that was sold has been more than renewed and bought back baby!!!! . Facts so check it out and those shorting Suck it up Princess. Far more One Institution grew their position more than RH sold, go Matthew tonight I'm going to be an MM. FFS Deceptacons, thank God, because we can get a tad more for each positive business earnings improvement that will be sold into - this is an Alternate Galaxy where the more good you do, the worse off you become, like my first marriage really. The longer this happens my average will be in Quantum Mechanic definition. Well one thing for RH - he can set off AMer CGT profits against PANR losses, that was a fecking disaster & US Shale, which could cave in without transport solutions, just like the opposite USP Edge we have in Col & Ecu Pipeline FFS Keep selling RH HNY He Can't Adjust baby!!!

Rev was lower than expected, $67.6m Mkt Exp $72m yet NPBT was $12m so margins improved to 17.7% Brilliant. especially at Sub $65 POO even if a squib in output, solid cost control. As I said this morn, was would have been $60m cash in hand, as Shell Prepayments and other were $11m Debtors due in, which is quasi cash FFS. Now my favourite PUT 8 - The existing production sharing agreement is all to Ceck for Sur Oriente with Ecop which affects PUT 8.

Vetra point of view - Quote - Sur Oriente is Vetra’s main asset and is located in the Putumayo Basin. It is owned through Consorcio Colombia Energy (“CCE”) in which Vetra holds a 69.5% interest and Petroamerica 30.5% interest. CCE holds a Crude Incremental Production Contract with Ecopetrol on Sur Oriente which entitles Ecopetrol a share of the block’s production which is determined by an R-factor. Petroamerica’s disclosure notes that Ecopetrol is ENTITLED to 52% of production; the REMIANING 48% of production is shared between Vetra and Petroamerica per their interests in CCE. How can Vetra SELL this in New Stratus and GTE grow it in Sur Or and us develop it. The Problem with PUT 8 is Ecopetrol Historical DEMANDS on co joined blocks. So this contract needs a twist.

Quote Amer RNS - In March 2018, the operator of the Put-8 block, Vetra Exploration and Production ("Vetra") received regulatory permission to drill the Miraparriba-1 well from the Cohembi-2 pad, an existing pad located in the adjacent Suroriente block. This agreement removed the requirement to obtain an environmental licence for the drilling of the well. The operator has recently informed the Company that due to organisational changes within Ecopetrol, the drilling of Miraparriba-1 from the Cohembi 2 pad is under review, and the Company expects to be updated in the course of September. Yes Elvis!.

IMO, DYOR & Eat sensibly, I think the PUT 8 drilling is purposely in escrow, parked up for EcoP to change the contract and facilitate a better deal for all 3rd parties to invest, Sur Oriente and PUT 8 blocks are conjoined by Vetra operatorship. You don't just swap staff and say no all the drilling plans up in the air after that Block has remained fallow for 5 years. Amer can tie in that output and save transport costs becomes economic. News will out. Can't wait FFS HNY GLA Todays results were excellent and at $sub $65 POO, today POO $78. GLA Finally today's SP , the BOD will drip feed news on so many operational opportunities , so RH 30m drains into the bath like a Roman generals blood spilling in a hot bath after a battle defeat. Beautiful imagery and I'd help with the knife and a towel. HNY. I'm pleased with the account FWTW.

Notice Receivables up +$11m, cash would have been $60m, Mkt Forecasts according to FT, were for $12m post tax, , but happy with $12m Pre Tax Profit on lower slightly lower sales. Quick point something up Put 8 !!! there's a deal in progress here IMO DYOR, where GTE Ecop & amer re-organise the patch, can be the only reason. Glad rig news Indico. I think COP5 infra structure needed beefing up also caused the delay. GLA

One of the best bit of keeping eyes wide open to date, like a Jap Sniper!!. I would have missed that. Can't thank you enough, luckily we all averaged down and added, that update speaks volumes, as you state I did not even know that it was tonight and not 31st Aug!!!! . Made my week honestly. HNY. GN GLA Up mega early tmz. Thank you.

So running the No's top 8 II's holding - ALL IN a Net increase of +49.1m, whilst RH decreased by -18.8m, so II's buying X 2.5 more than RH selling. Add to what DOC posted, Legal and general were sub 3% in Mar now 56.8m, must have added at least +20m shares, Fid WW +1.7m, R & m 7.5m, HH +9.7m, HL +12.1m, Legal & Gen +20m Int Inv +7.8m Investco DOWN min 10m. So all this Shite about RH which I did take in - when sales were 1.5m a week, since July - the fear was caused by NO RNS 's form the II's notifying their increased positions. , Played or what. The top 8 II's now own +540m as opposed to 491m up 10%,+49m +30m more than RH disposals. NO Appetite be fecked. Thanks Doc for pointing that out, Missed the VERY basics looking at Ecuador. This says to me there's huge potential being reaffirmed here especially L & G. GLA Deceptacons, everywhere!!! Can't wait for tmz. These guys must know the plans.

Cheers, I missed that in the heat of battle. Appreciated. Will digest. So why all other posters concentrating on RH, I think its the lack of the II's RNS's all combined fallen under the radar i.e their increased positions. Very important post you have made here, totalling wrong footing half the merde dished out and the lesson is why do some do that???? . II - H & by+13m FFS Appetite clearly there. GLA