Member Info for BaysilHope

Thanks, it's great after finishing work to read and not have to research. Night off tonight - where do you get the array of info, tremendously helpful. I'll store some to read on the weekend, keep up the great work, constructive, new, relevant info. End. Ta

If structural change Cash or Debt - door closed on equity by II's for past deadline failures, any acquisition of future deal by cash or debt and we scream forward. Thanks JTD, always need another pair of eyes, Yes Amer will have debt - but we all do - The Q is can you repay the debt? and a CBH is Interest Only debt FFS We could have a win win. I wish I was 30 again, this time with a clean driving licence and a referee + summer job to go to Colombia for 6 months and lay curb stones and just watch. GN

Last point, I've thought about your post on dilution for acquisitions, well explained and I think you've hit the nail on the head, Yes Amer issued shares on a number of occasions for acquisitions, conserved cash but diluted, then failed on delivery time, albeit on a medium scale. Todays POO +$70, cut that option off, says the MM having so many disappoints and missed deadlines, so as we said, it's down to Cash and Debt and maybe a Conv Bond with limited dilution in the future and convertible bonds can be redeemed with cash. JTD I think you are spot on and forcing the SP to 14p = no chance a repeat Get Out clause - as the dilution would be rejected by all. Thanks for you efforts greatly appreciated. Must modify my forecasts. GLA

Great post JTD just read it well played, lots of activity in ECU & Col - good for those with $60m cash at hand, No Debt, can scale up in a Nano and with have regular working lunch with both Govts and ONGC trading partner. God forbid - Buts its ALL UP DIP from here baby. HNY Bolares - did nibble at tad at mid 15p reduce my average, but if you out roll a Gant chart on timeline news - on 8 different projects relating to AMER - the Timeline analysis- even allowing for failures looks strong, where I define projects - I include the Interims Mid Sept, a possible dividend forecast event, with a forecast Profit of +$18m, following news presentations and after certain acquisitions or deals. drilling, test results and so on. GLA all. I think August start is the last low level entry point as the investment work performed to date comes home to roost. IMO I think this business will be a totally different investment by the end of August - for the better despite PR issues. We need to scale up, this is work in progress, we need the structural deals to do that and break the economic chains that hold us captive, once released we glide to a higher order, as PI's & II's focus on real upside potential. Amer are in the right position and are cash generative despite the set backs. Loads of news soon next 6 weeks, can't contain it. GLA GN

Either we win Put 8 & Space in Ecu blocks or don't - on reflection and conjecture - out of trading hours ^ please don't blame me for ramping as failure on all accounts puts us back, my arguments are conjecture and guess on a strategy level which doesn't have rigorous timelines- IMO DYOR & not based upon proven evidence. Do Apologise- only Blue Sky thinking not evidenced in contract but still possible. Please check.. GN Last post got carried away earlier.

What if SP, post Vetra deal GTE is operator with Sur Oriente + Amer Put 8 GTE issue a two year MOU to utilise the OBA and RODA for a minimum of 10kbopd. Bet anyone??? Cohembi output held back because of transport issues and blending to a point. There is so much upside here, need 6 months dealings. IMHO DYOR Only my guess work no RNS nor press release, just common sense. GLA idea-ered out.

Hi JTD, need to compare with POO chart 2016-18 to get the true unbiased correct weighting, yes I agree with your comments and appreciate your insight. Thanks for the info GN.

Last post Sur Oriente GTE has 15.6 ish % but enjoys the Cohembi field not exploited. Vetra have +36% of this field next to Put 8 - so GTE taking 36% of Sur Oriente off New Stratus they become Operator I guess and can deal direct with Amer, hence this drill negotiated =deal becomes a break through of a long standing stalemate. With GTE operator of Sur Oriente next to Put 8 and Amer owns Put 8 HNY Deal done, pipeline economics work and for eco petrol. GN Vetra Fk Off waste of space. GN and the start of joint co-op Only a guess IMHO DYOR. Hence GTE quiet.

IMHO DYOR investment runway next 2-3 years for Amer ignoring local tribal issues , will get to 30kbopd of which 10k is 3rd part oil on tariff and blending . Ecuador have +230kbopd spare capacity with the under utilised OCP, which costs they need Colombian heavier Oil on a major scale as they can't increase internal output by that much next 3 years but the Ecu pipeline spurs are fragile. HNY GNA, by then we need a twined pipeline, hence Snow NED there is massive investment potential here, hence Conv Cond $150m to start when major deals done. 3rd party Oil rev equals rent, can gear up easily. Weather permitting and a dividend guaranteed. Dream on, very few Oilers have this sack of spanners in their pants FFS, 15p live the nightmare of the past and dream on. Last post did add last week a tad. GLA Only a guess no info out there at the mo. At least its no another tender.

Last point the bid $120m by New Stratus for Vetra cheap, - sounds like a VC break up and a few Vetra get a golden parachute , New Stratus get the whole camel cheap, sell off the economic engines and reside with an acceptable residue and go for the next deal. Meanwhile GTE gets a slice of Vetra, so could AMer and the area becomes more economically vibrant not landlocked by imbecile landlords thwarting asset values through stagnation and lack of purpose and investment. This area could becme very active new 2-3 years. GLA knackered.

Wild Guess, recent history of Put 8 ish, low POO last 4 years , any output with in block have to truck it or get an enviro planning spend $x for heavy oil production. Dead duck - that's what Vetra got into unfortunately with historically weak partners on a jolly. OBA offers an opportunity to change the cost dynamics and transportation risks for Put 8 but a risky heavier investment from scratch, hence Drill from a neighbouring block Sur Oriente. Those competitors Agree? Why? They are helping a competitor drain an Adjacent reservoir FFS?? I think Vetra wanted out years ago, needed a trigger point for all its Putumayo assets, i.e an OBA access and exit increases their value. Can't negotiate the advantage of the OBA with a 5k collar, hence AMEr commitment to invest +9k min and onward help acquisition negotiations and block bids for both countries, real commitment and making an equity a NO No at 15p - must be cash and debt. So on Planning for Put 8 Vetra decide IMO DYOR Guess to run for the door, had a kicking. Amer knew this, couldn't do a blade runner and go for the entire carcass but in the process negotiated, with you guys let me have 100% Put 8 you can get a good deal outlet thru OBA with your production. They know OBA capacity TOO light 2018, needs another +10kbopd stable capacity and they need to see the Capex Commitment - not a negotiating PIPE dream?? joke , hence Chirtiza needs another station, RODA upgrade with Cuaybeno - win over networking support - so expect - Acquisitions and further investment in RODA to increase capacity and the first light of tariff charges to 3rd parties next year and further investment in blending + storage, as OBA needs to be a recognised operating storage and distribution station in the next 12 months, which needs capacity and infrastructure. These investments are built on +10 year deals, I think there is a lot of bidding underway hence the immediate RNS's take care of themselves for us to choke on but don't forget the bigger and greater picture, Only a guess but the opportunities are Very Real, shared cost reduction for customers lies with the OBA access those economic cost reduction facilitate deals and waves a magical wealth wand, that's why it is so crucial in draining the basin on a SME basis. If Vetra were selling their holding they would be bagging their gums out on 8 and fast tracked the spud of the well and not delayed it, probably no cash. FFSGLA HNY. After a long wait - got luck to all LTH',s I've aged. GN The timing for negotiating is perfect for production the opposite. Events will flip that over soon.

Look at April RNS, Notice the partners are ALL silent, Put-8 Drilling (50%, non-operated)

Amerisur has been informed by the Operator of block Put-8, Vetra Exploration and Production (50%), that regulatory permission has been received to drill the Miraparriba-1 well from the Cohembi-2 pad, an existing pad located in the adjacent Suroriente block (Vetra Exploration and Production 36.2% and Operator, Ecopetrol 48%, Gran Tierra 15.8%). The Suroriente block holds the Cohembi Field, which produces from the N Sand. Miraparriba-1 will be drilled as a directional well to the Miraparriba structure within the Put-8 block.

This agreement removes the requirement to obtain an environmental licence for the drilling of the well, thus reducing the time before drilling can occur. The Miraparriba structure is a low risk U and T sand light oil structural target covered by 3D seismic with gross P50 recoverable resources estimated at 4.4 mmbo by the Operator. The well is expected to spud in early May 2018. Put-8 is a 102,799 acre block which lies adjacent to the west of the Platanillo field. End Yes timing absolutely Fked up but the New Stratus came in with a bid offer for Vetra on the 31st May 18, right in the middle of Put 8 operations, so the BID comes first, with a delivery date 31st July 18. Amer keeping in STUM, no complaints Q3 put back, we have the cash, NO DEBT, huge fire power for a small cap but not valued by the markets, as maybe ECU not quite investment ready, but we could be in at basement levels, as small operators must have avoided a tetchy ECU historically , not now and AMER PetroAmaz are cutting edge co-operation for a small player and GC met El Ecu Capitano - more to come I think in more than one Oil zone.news soon.

See cut & pastes, The mature onshore oilfields include the Cuyabeno, Oso and Vinita-Blanca areas at Ecuador’s Amazon region, Perez said. Those will be added to eight onshore areas in the country’s Northeast, close to the border with Colombia, under the Intracampos bidding round, whose results are expected in August.
Ecuador, which is opening to international markets, tackling tax reform and public-sector austerity measures under the government of President Lenin Moreno, has said it plans to increase crude production by 50,000 barrels per day (bpd) this year by adding barrels from its ITT block. The OCP pipeline was operating at 35% capacity which is not cost effective. The collector regional spurs such as RODA are in need of major upgrades. If our portfolio can capture marriage value assets in ECU which are producing or have production infra structure then its game on. I understand the silence, bids are being reviewed and hence the no comment approach. Also PUT 8 very Odd, from an exceptional operating coup - Go back and read the April RNS - something afoot I think we are bidding for part of Vetra. GLA

Mega changes in the tender process govt contract design, large and smaller fields on offer. QuoteEcuador: Ecuador Is Looking For Investors For Its Oil Projects Last Updated: 29 May 2018 Mondaq

It invites investors to its oil exploration, exploitation and refining projects, preferring relations with state-owned companies selected directly without the sieve of competition and, after most of its conflicts with foreign companies have been resolved (in some cases at high cost to the country), Ecuador is seeking to modify its methods to generate attraction towards the most important source of income for its economy.
On May 15, 2018 the President of the Republic issued a Decree for the merger of the Ministry of Electricity and Renewable Energy, the Ministry of Mining and the Secretariat of Hydrocarbons into the Ministry of Hydrocarbons, to be renamed the "Ministry of Energy and Non-Renewable Natural Resources"1. These mergers shall be completed within 90 days
The Ministry is committed to recovering the space lost by Ecuador in its capacity to attract direct private investment in the oil exploration, exploitation and refining sector and, to this end, is seeking to ensure that the selection processes for investors are once again formalized through the tender process and that they allow for free competition on equal terms.
Minor Fields: Oil & Gas 2018 Fields: This process is underway and is intended to attract private investment for the Cuyabeno-Sansahuari, Oso, Yuralpa, Blanca-Vinita and Amistad fields, located in the provinces of Orellana, Sucumbíos, Napo and El Oro. A total of 68 letters with an expression of interest were received from 25 private companies. The model contract to be applied is the one for the provision of specific services with financing from the contractor. The investment is approximately USD 800 million, during the 10-year term of the contracts.
Work in Progress, I think we have First Mover Advantage, Blanca-Vinita aright across the border from Put12. News next 6 weeks. I think we have FIRST MOVER advantage with contract discussions concluded in Jan 18 for RODA upgrades Chiritzo new pump. News next 6 weeks - Blance & Vinita adjacent to our Put blocks. GLA>

last point - it has been clever the way the MM's used Libya as a pricing pivot so as to destabilise POO - Ignoring US Shale as the traditional counter balance and continue to exaggerate volatility in POO. So three things, US Shale upside is limited by constricting capacity factors, Libya was always a fend and they had to clear out long positions as POO only going up set a lower entry point. Thirdly China growth - the wild card to be used whenever. ?? The current POO discount works against fundamentals. it will cock up US Shale and delay much needed investment in new supplies. Buys time.

Yep, listened to your points JTD, no immediate equity, I totally agree at 15p Ouch, - utilise cash and Convertible Bonds 3 year maturity, give them a tradable listing and improve Amer overall liquidity cash and FI trading. HNY GLA. Maybe that's why there's a 3rd broker.?? GNA

Thinking about it, there is a step change investment happening here, with a large Ecu based Pump station work in progress, plus untold RODA pipes & valves overhaul, no point pumping into a leaking system, then there's the civils and a surprise Plat 22 failure and the Eggs hit the fan, sound that with the poor weather elements we were over stretched a tad with stretched boots on the ground. No doubt Petro Amaz are using Amer as a quality utility operator, bringing inventive value added expertise, problem solving not some outfit on a tender mission, a low margin volume contractor, like the ons our local authority use for road-works. From experience nearly all business ambitions for substantial growth of a profitable top line comes with destabilising pain and angst. Unfortunately we don't have a competent PR asset to describe this journey and to it a point it suited the BOD to keep quiet. As they said in the - Quote Three Mile Island accident occurred on March 28, 1979, in reactor number 2 of Three Mile Island Nuclear Generating Station (TMI-2) in Dauphin County, Pennsylvania, near Harrisburg. It was the most significant accident in U.S. commercial nuclear power plant history. The incident was rated a five on the seven-point International Nuclear Event Scale: Accident with wider consequences!!. But as GC states - All's Well that ends well, so Giles keep it at 5 out of 7, no more Fk Ups. You're supposed to be key personnel FFS. It's a shame the insecurity does not allow for more information sharing. A nice oil producing acquisition in Col and Ecu will do the trick. GLA news corridor next 6 weeks.

GLA & GL and did you know that John Barry wrote the music to James Bons' We have all the time in the world with Lousi Armstrong, plus Goldfinger, Diamonds are forever, Moonraker, View to a kill & Born free and many more. Quote the song of hardship' There's an old man called the Putumayo, That's the old man that I long to be,
What does he care if the POO’s got troubles? What does he care if the land ain't free?
Don't look up An' don't look down, You don't best make The Heffe boss frown. Bend your knees An'bow your head,
An' pull that rope Until you' dead. - Old man Putumayo, That old man river, AMER knows something But They don't say nothin' They just keeps rollin' that forever PR silence - PR keeps on rolling along. HNY GLA

The BOD PR unit are better versed than US in Vietnam, no news , kept locked up in the Hanoi Hilton. Quote During the Vietnam War, the first U.S. prisoner to be sent to Hỏa Lò was Lieutenant Junior Grade Everett Alvarez Jr., who was shot down on August 5, 1964.[8] From the beginning, U.S. POWs endured miserable conditions, including poor food and unsanitary conditions.[9] The prison complex was sarcastically nicknamed the "Hanoi Hilton" by the American POWs, in reference to the well-known Hilton Hotel chain. There is some disagreement among the first group of POWs who coined the name but F8D pilot Bob Shumaker[10] was the first to write it down, carving "Welcome to the Hanoi Hilton" on the handle of a pail to greet the arrival of Air Force Lieutenant Robert Peel. It;s all done to wear you down, keep the pressure on, explode the negative. In time that's a buying oppo. Keep the faith, not long now. The BOD need to pay in time for this, GC must go & NH what a round shouldered, entity no stature whatever, and the news that could be sent, well, Needs a visit to St Mellons. HNY GLA.

When does a 12.6m EIA draw drive the POO down by a massive -6%, unless - a stall to take out positions - when supply fundamentals its should only going up, clear out positions. Libya & tariffs a joke reaction, as there has been no material investment in New Oil for 4 years and there isn't that much spare capacity, nor the desire in some parts, with IRAN and the driving season to come. Same with Amer clear out now before 5 months of positive news flow and IMO DYOR - I think we've made a material acquisition, PUT 8 or in Ecu or both, with +$60m in hand at H1 close. I think next 2 weeks and that's it, the lost operational momentum will be recovered and when they start drilling Indico - only one way traffic thereon . As the BB says keep cool, swallow your frustration ) I CAN@T) and walk slow. I think POO will start to recover properly next 2 weeks ahead of the calming of trade tariffs, or if not IRan sinks a supertanker and blocks the Straits, US looking at +£1Tn budget deficit 2019, needs to sound off, cause it's broke FFS and needs external capital flows, hence Trump - cut this, tax imports whilst slashing internal tax rates. quazy & Bonds??? $200 bet Amer will bring home the 2018 Divi, H2 and unlucky England, great young squad, mega professional, what a side in 4 years time, Southgate Great Man Manager, can we get him as NED on motivational courses for the dead wood takers. GLA. CASH generation will win, we are cheap for a stake build. We are getting our Plums squeezed, no wonder GC didn't add what a Fxxxking liberty.