Member Info for BaysilHope

Should help sentiment, one simple calc keeps lid on my expectations of our our SP Jan 18 - to now, forgetting RH a second. At 7kbopd Amer were 22p, at 4.8kbopd =15.1p pro rata , forgetting POO, MM's are IMO totally discounting any jam and extrapolating a flat output at todays rate and RH able to keep a lid on it with ease. Change the dynamic materially and then we can recover lost ground soon hopefully. If the next 3 ONGC CPO 5 wells come in our share between 7.5-9.6kbopd, we have to prove that, but you can see the case for +16-17 kbopd in the next 5-6 months and with Ecuador we could hit 20kbopd , ignoring Put 8 & 9 ( 12 which will be drilled +4 mths) , Ecu pipeline not big enough in 5-6 months. DYOR, just because a train is 6 months, does not mean it will never arrive. HNY GN Early start. Check New Stratus Energy Vetra no news, longer that goes on the better - a guess. Will check GTE on this aspect.

Thanks JTD & ML, still can't open it, but it is progress, I have to admit I thought this had a closer long stop date, but the Prod'n sharing agreements exist now and we must to have the fire power here to grab a slice and put a substantial bid in, don't know time frames -guess 2-3 months for vetting post bid, Bid deadlines next 2 months? We will need access to debt here as this marks a possible scale up in operations down the line, we will need to spend another +$10m on phase II Ecu pipeline if N sands come in as expected, first of 3 wells back top back that's done by Mid Nov!!! FFS fingers crossed. IMO DYOR. GLA and thanks again.

Ecuador news, 2 hrs ago can't get the page UP JTD Help see copy and paste..Gobierno de Ecuador presenta la XII ronda petrolera Intracampos | El ...
https://www.elcomercio.com/.../gobierno-ecuador-presenta-ronda-p...

2 hours ago - Gobierno de Ecuador presenta la XII ronda petrolera Intracampos. 86 ... Eduardo Jurado, Carlos Perez, Patricio Larrea y Roberth Gallegos. News at last, can't access web page. Fingers crossed.

GLA I'll try again.

The problem is ONLY £5m, compared to £180m Mkt Cap, that's the sad state of the x 36 leverage enjoyed by RH. This issue has festered and been allowed to continue, as everyone knows - there has been no news that directly increases earnings and reserves, they have been WIP for 5 months. The BOD need a combination of concerted effort to push out solid meaningful news that would justify a £300m Mkt Cap with at least 2 out of the N sands, Ecu bid with producing assets and reserves, plus Put 8, Indico. and Mariposa going to level 2. That demand would swallow 34m within a few weeks. There is talk of buy backs and is a good idea, I think the market would rather see direct investment in an immediate uplift in trading profits and reserves, as the most direct route to increase the MV and exiting RH. A share buy back has been known to be adverse when the market things you cannot use the funds more appropriated in growing the top and bottom line. Given the huge list of failings, Amer needs scale up and jump to the next MV, +3kbopd and +15m Reserves, applying and converting that investment is a priority. I think we are close, a combination of ground breaking drills, new fields and deals successes will get us out of the Mexican standoff. When you drill it down (PUN) RH is NOT the entire problem, our inability to grow the business and potential trading profits is THE major issue, we have regressed, although POO has been a God sent. We have invested in infrastructure and there is a natural lead time asset working at the coal face, now is the time to deliver. News Sooner than we think and the MM's can justify a £300m Mkt Cap problem gone. HNY. Last point CPO 5 - One thought Delays, Mariposa is choked down to say 3.5kbopd, if they drill back to back Indico, Sol and Aquila, if they all come in, that could be +24-30kbopd in 4-5 mths , have they got the storage, roads, and tanker transport capacity in place to sell at the well head? Although Amer stated their civils were complete 24th July, there's a lot more to be done to accommodate those 4 highly potential wells functioning as an integrated oil production complex. Just a thought, Mariposa should be back up to 4.6k and then moved on to 8-10kbopd after more perfs and deeper entry into the Net pay. GLA. I have no nails left, hence the poor typing.

Putumayo drilling activity held back firstly by civil unrest, fear. As the enviro improves Pipeline exit Capacity become THE limiting factor. Right Think, If I have 1m acres in Put Col WHAT do I drill as I can only bring on +20kbopd so over the last 2 years all Co's GTE AMEr have held back a tad for Pipeline capacity to catch up. GTE have a huge sweet spot N sands in PUT 31 right next to PLat - NO NEWS Why? can't bring on the output no pipeline exit route FFS . So GTE are drilling the perreif , we have held back - this is a waiting to blow and we are in the right pace. GLA

Goes to show, that all the E & P and some Local authority Planning Monkey deals planning hold the Fecking country up. Never seen US Shale in such a output straight jacket, Russia facing more sanctions, Saudi on walkabout, Venz & Libya bi polar so Iran sanctions will hurt more due to output recovery lead times. GLA Iran moving their shipping of Oil out of the Straits of Hormux Why, not for the rebels to mistake a Saudi tanker from theirs. Two US Oil draws & Oil down Market desperate to keep POO in check - not for long. HNY GLA

Totally agree ML also notice how the RNS hide the Interim pre announcement. In my Gantt chart I had an RNS next week and 14 days as normal so the buying button on cruise control. I think this has been set as a disruptor to RH, so he doesn't know the predictive route, and reaffirms, only IMO DYOR first the first time they woill tackle this, they have. I bought again small today and am at my limit. If this guys gone +10p a share without GC dropping his pants. Thank you, you are right I foot about GC & LBW great point GLA I'm getting a lot happier with this. War is not over but TODAY, QUOTE - 'Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Sir Winston Churchill, Speech in November 1942 & Baz Amer 7th Sept one of us few LTH's out there well done all for sucking it all up G:LA hope we all get the just reward. . HNY.

One quick point in JW's presentation May broadcast was very good except dates, one thing hit Me - their daily relationship with ONGC, he said, we're not running the place yet. Point, ONGC Col is a small cog in the Massive Group, BUT a big local cog. Amer needs the flexibility of a news buffer to control negatives when faced with Magneto RH selling pressure and natural operating problews etc , turn certain parts the news tap on and off to assist . Part of a big group local ONGC OK, with the odd reporting delay IMO DYOR, PS I've worked for big groups. So IMO JW can count on ONGC local for support on news flow, when to delay and announce - I think they will let out and help AMer to a point, especially if we helped them find the Sweet spot on the last drill. SO when news comes it should be good. Only a guess. GLA Love ONGC Col!!. CPO5 Next. IMO DYOR Guess only, don't know any Ahmed working there your honor.

BOD know RH will kill the SP on any news and the MM's get cheap shares, to break the cycle our guys IMO need to have enough News firepower to sustain a recovery and break him, they've waited and kept powder dry IMO . DYOR , I think they will now start as business momentum grows - After an excellent informative RNS drip in the News and drain him. Why, 2 things stood out for me as ML said NO CPO 5 No Put 8 and then a positive uptick on the PUT 12 negative issue, legal issues and mentioned their JV partner, very unusual to clarify a negative and omit two positives unless there's more to come. So they are clearing off all the negatives for us to absorb the positives and force RH to dump. So no mention of CPO5 I think separate RNS Monday, as civils done 24th July FFS they could have build a flyover for the rig by now. Tuesday Put 8 news, Wed Ecuador and the Thurs Interims, RH will have traded his nipples off by then and the forward surge in Pent up demand we move forward. Maybe a Slight exagg, but in this month that should happen. I think CPO 5 Monday is the real Golden nugget of news, that support momentum. Also an update on Mariposa prod'n to 8kbopd new drill depth and a few Director buy ins, HNY GLA

Last point quick, ALL companies Dev Plans are limited to manage the weakest link to market or cash . In most cases in the Putumayo its either a Tribe, FARC, or a pipeline limited capacity. AMer have thru time got themselves into a NICHE Supply problem solver for East Put oil Col to Ecu. So we get a say in a DEAL that affects our remit end. We should hit greater scale this year and soon IMO DYOR. For the Short trader whatever these -ve posts - for the faithful, build as the oppos arise. GLA Don't wax to their Merde, contrived black oppo's Salisbury BB Techniques FFS As there is No peace Divi reward, No recog of POO$78 No Recog of 1.1m acres and the RH gone, soon huge re Rate I'm buying. HNY GN Wales 4 NI 1 Well done the New kids.

See earlier posts, they want us to make good RODA pipeline we need a slice of the pie and reserves, news soon. HNY

If this is down Dip - What the Feck is Up Dip John Holmes Boggie N ights FFS Mariposa-1 Update CPO-5 Block
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide the following update on drilling activities in the CPO-5 contract in Colombia. Mariposa-1, the exploration well drilled in May 2017, has been officially classified as a discovery, as defined in the E&P Contract executed with the Agencia Nacional de Hidrocarburos (ANH).

In May 2017, Amerisur and its partner ONGC Videsh Ltd successfully drilled the Mariposa-1 well to a total depth of 11556ft (MD). A 7" production liner was successfully run and cemented in the well and an interval of 12 feet - 12 FEET !!!!!!!!! at the top of the 120 feet of net pay logged in the L3 sandstone was perforated in order to perform a short-term test with a drill-stem-test temporary string. The well was tested in natural flow over a variety of choke sizes, together with appropriate closed-in pressure build up periods to ascertain reservoir parameters. The natural controlled flow rate recorded was approximately 4,601 barrels of oil per day of 40.8 degree API oil with a water cut of 0.35% and 348psi flowing wellhead pressure over a 40/64" choke and indicated strong further production potential. HNY Held back due to RH let the guy sell, once done Up we go,

Have you guys got the right Co or BB, CPO 5 choked down has produce +500kbopd in x months, we have 30% no Reserves were allowed to be booked for testing in 2018, after more work this could hit +6kopd with ONGC plus 3 more wells back to back 1st to start soon. So I don't get your point sorry. Even with delayed drills reserves up and the more dependent other Col operators become on our pipeline see earlier post. So your facts are totally incorrect. GL

Last point, I never realised HOW MUCH the poor pipeline infrastructure in both companies is holding back E & P Investment in both countries . To be fair RH was probably very correct here on the remedial lead times. I noticed reading and reviewing the maps - such as the Sweet spots for N sands as in PUT 31 close to Plat never mentioned in GTE news , nor same in Put 8 see JW did hint at it, drilling more focused on Exploration and not volume per se, buying time a tad for supply transport capacity to catch up with planed output increase - ALL these guys are talking daily no doubt I would. So the current drilling serves a prove reserves purpose especially GTE Putumayo focused in particular. It makes sense when the probable capacity to Ecu is around 30kbopd so if We added +10k others same GTE bolares. Never mind the 5 year growth plan, Bottom line here is AMER are a VERY KEY player in the development of the region due to its skill in exploiting Ecu & Col Government attention and delivery, have to thank GC & JW here, before the options, in this and if we can get OBA to 50k in 2 years we would have opened up Colombia Put region for serious output gains, we get a land dividend and in Ecu. We are a key player in our own right and convey benefits to others, its called an Oligopoly. and helps sanitise GTE and others production plans. We can unlock the E & P dam in East Putumayo, that has mega value. GLA Last point. The pipeline limiting factor is holding up so much drilling it's unbelievable Geoff.

Great Point, CPO 5 Mariposar has been choked back more than the Labour Party reduced from 4.6k to 2\3hen they drill down deeper with laterals will yield 10kbop output same one well and we are drilling +3 in the next 6 months up dip FFS , the ONGC spudding delay is really to get a US Dollar account without US sanctions and big enough and there;s those +3 wells reserves but at 41API up dip . Ignore Plat our 30% of CPO 5 will be North of $100m clear profit for reinvestment of reserves. For now we need to get Ecu pipeline capacity up for when our new bid blocks come in with new reserves to be added even more. Back to the pub quiz!!

From RNS 12th Feb to 20th July - sold 11.4m 5.5mths, or 100k per day a fall from 56.2m to 44.8m, last 7 weeks from 20th July to today 7 weeks 10.5m or 300k per day and yet the SP started 20th July 15.12p and after the Plat 22 crap and poor delays we are at 14.2p now , despite all that downward pressure and no real Material quantifiable news. So there's the final proof, as others on the BB have said many times why uplift the SP when the shares are flying in to the MM's but there are real buyers sucking it up apart from the odd wobble. What will this SP be like post RH overhang ? we are in the teeth of the gale, the candle that burns brightest burns half as long. So RH you've helped me average down now Feck Off. HNY Going out Mouth shut. I've really happy with -10.5m in 7 weeks , he must need the cash or is in destruct AMER mode. Soon all the good pent up news will out and he will be one unhappy memory. GN GLA

After the reading, seems simple GTE prefer the Acq'n route for growth on established blocks - Big Fields build up existing Production with a bit of scouting to prove concept and have debt and demanding shareholders with concerns . Amer however have no debt more free to move, are agile in land position and can tilt more to the Exploration side with success, so IMO If GTE are more down stream with clear objectives, we have the Up Stream skills and land base to be of interest- Beautiful fit in time. Sorry I took so long, explains we are slower at output but large on Land HNY Longer term view. Therefore AMer should grow its land base far more in the next 3 moths, including Ecuador!! ? HNY

The more I read and the more the SP Behaves makes me think, where would I want to be 2013 with 7kbopd share price 65p ish POO $100 maybe 300k Hectraces - with a collapse in situ OR today POO $75 an going up with +1.1m & OBA and acquisitions to follow and CPO 5 - The Col market Explor- is about Land first Output second, the land acq#n manouvers are nearly all in place and settled, then you get output thrust - Quote Put 12 2013 Amer accounts The Put-12 block covers approximately 54,444 hectares (approximately five times larger than Platanillo), shares the same geology and is adjacent to our existing Platanillo field in the Putumayo basin. The new seismic programme will be initiated in the next months, following finalisation of community and environmental procedures. We expect to drill the first of a set of three wells towards the end of this year. !! End Which was Utter Crap unless your longer term view is to nick it cheap over time, why?? then and wait so long - , Love it to watch the Skills and JW definitely has them, BUt NOT a major, as he does not respect the MKt,PI's an Arthur Daley sort term dealer, there are times you must no doubt when for the extra 10% you have sell your sole!!. This man will get you land cheap and doesn't give a Feck about output, ideal estate agent. HNY We are under valued no doubt. HNY

Always work top down in a plan and then build from the base. So if we agreed with GTE the route I guessed, there is no issue if GTE & AMer share a reservoir or pipeline or whatever , to the final buyer it only matters if they agreement breaks, so example PUT 8 GTE get it no issue when we are acquired by a Major. the title is PERFECTED and passed on, so acquire as much as now sub $75POO and don't compete, that's the key to a partnership and that's what it seems like to a point unless certain things are mega key to corporate sanity, on the perifs no issue. GN Tired. GLA And all this at a 5 year low!! Me the fourth Earl of ? is a girls dorma Me?/

The answer is in your grill, +3 wells in CPO 5 should hit +18kbopd totalling +24kbopd next 6 months = 30% +40API worth $200m?? Dividend Share buy back real, when they float ONGC Videsh FFS and then Ecu bid round producing assets necessary for us to clean up their pipeline +3-4kbopd , doubt we would not do it without a stake in ECU IMO and GTE would want us there, as their crude will be next via the OBA and before N drilling if directional +800ft horizontal - even with heavier oil what +800kbopd then x 3 as the drills are 3 weeks in duration and when we get a share of Put 8 Pipeline full exit rate +15kbopd at $90 POO you're not short are you, big mistake. I'm buying I have an Iceberg Lettuce Order at L9 in place which is our local Lidl's post code. GL In commercial land you would forgo rent income to get other properties cheap and get a leg up in position and asset value, then leverage the reserves. Tmz 4/5/6k waste of time, unless your trading your buns off, LTH will enjoy the fundamental structural changes when they happen. Short term, unless we are losing cash suck it up princess, does not compare to a major acq'n deal. IMO DYOR as these cheap deals will not be around for long. I think GTE and AMer are grooming territory now for a long medium term exit. So work back, what are the largest limiting factors for Amer & GTE to hit a joint +100kbopd = Pipelines to OCP , therefore that's what you protect first and or acquire add value with, is unrestricted access so iron out the potential bumps and clear a path, no ransom strips. Vetra is such and it needs taking out, now when cheap.