Member Info for BaysilHope

Farmertally, Thanks for your reply, it is great and enjoyable to debate the BB, this is a very good BB where meaningful discussions can happen and help investors, which should be the Modus Operandi of this type of communication - Very posh but copied and pasted - BTW I'm not having a go, I honestly appreciate the BB's variety, but it is getting over-played IMO ,-VE Sentiment can be the Institutional professional short positions, which we accept and are disclosed, there are 'OFF' Market Shorters - CFD's position & Other product undisclosed, there is a serious HNW individual with issues undisclosed and there are PI's playing the Day Trading Game - Fine - look at the 3 most popular BB's for AMER & 'En Group' are -ve short in opinion and that means -----VE on the Sp .AMER must overcome this with material value results- No Argument. but, when they are the likes of CPO 5 we were 27p on discovery and POO $50 ish, on production and POO +$65 we are 18p FFS, Games or what ?? That's not bad judgement but games.!!! CLA. & I do thank you for the debate, cheers & GL You make for good conversation for the BB. Ta Time will tell.

Last point quick, anyone following AMer +2 years understanding the negative perception and RISKS that brings to the SP, that's business, No issues, any BOD brings on its own fate whilst in office. Things change and are slow meaningfully - as I argued on PMO although they tried to resolve this, gallantly, it's never squashed until the risks are mostly eliminated. AMER will sooner than most succeed here IMHO, the diversification, strong cash flow- say +6 mths will reduce this volatility in output which provides a breading ground for shorting behaviour, a bit of shorting is Never a problem a correction is always healthy, but to dominate an investment needs to be tackled buy the BOD in due process - I agree with all the BB's, but they have made material moves last 4 months to do this with no avail and no benefit in the SP from POO. I Agree with hub iii, be patient and don't run from the Jeeper Creepers Kxxp. GLA Only IMO DYOR. Other than NARC & The Indian timeline, this share becomes harder to knock - that will push us up in time, not while the games are still a foot. GN GLA, remember our cash flow is +$10m every month, that's +1p per share in cash whatever, and they are shorting this FFS.

Hi Farmertally, I was being polite ish about PI's, but there is a hidden Shorting circuit here, there always is and it does create trade & volatility - Until left unleashed, I've experienced it with PMO, slightly different there as Debt is the real issue, here I find more unusual, yes years of misplaced optimism in going forward, Yes poor BOD comms, yes to greed & SP options and a disgruntled Mega Wealth person reducing Shareholder. That in Accountancy is the contingent liability, the forward asset valuation will be the Old Reserves uplift Mar 18 , CPO 5 etc etc etc & at 19.5p, what I'm saying is Just buy sensibly for slow growth !! If we all have the faith in the AMER' Cashflow' we're fine, others IMO have enjoyed the 'Dark Side' yes there is always Ying & Yang, but has the Yang fxxxed the Ying, we were 26p at lower POO and no proof of concept for CPO5 Bkpd we are now going Up Dip to Sol1 and should drown in Oil. So yes MM's yes RH, NO POO balancing factor PI's and shorting. With a bit of help. JTD & Heather, no finance costs next year we save $3m, as the RBL fees amortisation costs fall off. HNY GLA and I'm buying not for a short term Cream bun and a White line. HNY.

Again, head gone posting, What an opportunity We have - and we - the press and public missed it. If you look at AMER last 18 months, they have been absorbed with Construction !!!!! OBA Pump station/ etc and new output Ex Plat, this company needs to be redefined as an engineering conduit - Like Haliburton FFS with a PE multiple of +20, be assured GTE/ Geopark can't pull this OFF FFS, we have competitive advantage and we are the Best, so stop knocking JW FFS AMER will exploit this with considered risk and cash when Government etc we are in a very good place and what I said sell 30% LLanos for $70m and then re-invest & become a partner in another country Social conditions prevailing Good show.HNY I'm knack----d This is a cash business with - A BIG HEART - it supports the Socials - So when the Sp is ticked down days it;'s Not ' ROOTS' is empathy - a difference. AMER will be in Warren's terms a Compounder one day. HNY

AMER has become and invested time, money and management - into Ecuador & PetroAmazonas - the rewards are huge, if you have experience of business, first mover advantage and relationship development. trust , probably why we were held back 18 months, to build that honesty , IMO that relationship is there now and we will bloom in Ecuador, so from One field in 2017 it could be in to 2 Countries and maybe 6 oilfields producing within 1 year and the SP down, thank you. HNY, won't change til our own shorters grow a pair. HNY GLA

Sorry rushing , what I meant was, How much Ecuador output (South of the OBA) could we buy with the sales proceeds of a premium Disposal of LLanos Cpo5 + whilst being a marginal shareholder sale in Llanos, $70m in Llanos buys How much in Ecuador x 3 maybe???? - with risks obviously. A transformational deal not now but maybe +5mths - get in before, I think with + Huge cash AMER are going to Pay an BB Game news will out. GN

LLaons CPO5 & New Indico (Up dip) well should hit +8kbopd @ 30% take a 5 year discounted NPTV after tax must give +$70-80m cash , add 6 mths on $70 Brent and we are north of $120m cash in hand H1 or 10p per share CASH value FFS and valued at 19.50p a share , where else do you get that cover. Geoff Unbelievable Cammi. HNY Just gets better - with that cash in hand AMER can ride the social discourse but add value to it - become the master not the dwarf, we have the mind set and now resources. Watch the Ecu output gains - NO OBA substitute for selling CPO5 - clever continuity of growth, with Net cash in hand . The biggest drain on the SP is PI's as the II's are all loading up FFS. Grow A pair.

Hi Heathersmall, our poor H1 performance was the result of the company's inability to generate Gross Profit in enough quantum to absorb a fixed overhead such as Admin costs $7m - which is not unreasonable for + +$120m sales not half that, . Our H1 sales were depleted by poor volume and depressed PPO prices creating a GP of sum $7m GP or 18%, that is not true of H2 17 and Q1 18 is off to a flier. Please note that although H1 was a loss it was cash flow positive, that's important and from then on, even with drilling and Ecuador our cash reserves will start to build. Not earth shattering but should be gun proof in a down turn as our share has received NO UPLIFT from POO which , Warren Buffett classes the US as an over valued Market. IMO within 9 months AMER could have +$120m cash in hand after the sale on Mariposa 1 & Indio - as both LLanos wells could Gush 8kbopd Gross and be North of $70m cash deal HNY - that cash build ignore Oppo and the Maybe of +5bkopd in produced in Ecuador !!!!!!! below the OBA threshold Line - Ecu output Sweet pea. HNY Maybe a dream but more like a done deal as I said the RODA is a leaking ship so are Ecuador pipelines, need a hands on nimble operator with stacks of cash, China have gone away, AMER first mover advantage over GTE and others - we are the Envy of this deal IMO This is Spain's coast in 1958 ripe for development and AMER is THE construction company. Await news of Ecu output ex OBA - HNY Too small for the Big Boys Too big for the Newbeeis and Heavy in debt. GLA GN Last post - Bought more today.

I jumped posts - what I meant previously - was as our CASH PILE GROWS MONTHLY - & AS IT Builds so the scale and variety of commercial opportunities will evolve and hence compounding profit figures. Our current options, $10-30m Latin Conference, $31-50 - Championship - $51-75 Premier buy up Oppos, +$100m Cash at T\Over Target. GL HNY. This scale is moving faster than we think. Even if Oil falls -$7 we are mega rogust and is a Volatility BETA in any groups portfolio reducing E&P risk to POO, only thing is weak $ slightly discounting higher POO but that not a serious issue here, more for Debt oilers with Sterling O'ds & Capex. HNY

Point free Cash is King You Rule - Warren Insurance Companies had Massive Cash Free Balances to fund Compounding Investments, - Quotes ' Ask Warren Buffett for the single most powerful factor behind his investing success, and he�d respond �compound interest� � without skipping a beat, which Einstein called the eighth wonder of the world. Even modest amounts, when allowed to compound at relatively low rates but over long periods of time, add up to really staggering sums. Here's how Warren Buffett used insurance to become one of the world's richest people. Insurers don�t pay out all the money they collect right away. Rather, an insurance company will collect money in the form of premiums, invest that money, and then pay out claims as needed at some future date. The difference between premiums collected and claims paid out is called insurance float. Insurance float has been a huge contributor behind Warren Buffett�s success with Berkshire Hathaway. Because premiums received are essentially like loans from policyholders (that only need to be paid back when a claim is made sometime in the future), Buffett has been able to use insurance float as leverage when investing in stocks and private companies, which has a significant (positive) impact on the company�s return for its shareholders. It�s part of the reason why Berkshire Hathaway�s book value and market value have grown at ~20% per year since 1965 compared to just 10% per year for the S&P 500 (including dividends)! At the end of 2016, Berkshire Hathaway�s insurance float totaled $91.6 billion! And because Berkshire Hathaway�s insurance operations are run at an underwriting profit, the company�s insurance float is essentially like a $91.6 billion interest-free loan that Berkshire is actually being paid to take (Buffett says Berkshire earned $28 billion of pre-tax income over 14 years � in other words, the Company was basically paid $2 billion a year to borrow $91.6 billion, which it could then use to invest). Point AMER has free cash growing $49/B 7k per day soon, OUR Critical financial mass will start to take leverage, say 6 months, we will be asked favours as our business model grows teeth. Not long and we are protected from a POO retracement. One to buy and hold - as WB and his partners states Value Investing always wins with +ve Cashflow. HNY Fum All. Deceptors.

Slightly OLD news, but as Giles said in his interview RODA suffers from 'Old Values and knobs' Quote - I still think this is an issue! Quote The National Hydrocarbons Directorate (DNH) denounced that, through these systems, 20,000 barrels per day are lost (10% of total production). A group of 16 technicians is "sweeping" the entire Amazon District Oil Pipeline Network (RODA) and in the next ten days the report will be expected. October 1 is the deadline that Petroecuador self-imposed to confirm or discredit the existence of clandestine points, bypass or crude recirculation systems in its network of secondary pipelines. A group of 16 technicians is "sweeping" the entire Amazon District Oil Pipeline Network (RODA) and in the next ten days the report will be expected. In addition, it is planned to acquire and set up sampling, measurement and inspection systems to correct the differential between the volume produced and the audited volume and establish the actual delivery of the private operating companies that transport the crude oil through the Secondary Oil Pipeline Network Amazon District, RODA. The Trans-Ecuadorian Pipeline System, SOTE, has conceived five projects: Automation of SOTE with SCADA and LDS systems; Renewal of assets; Modernization of facilities; Internal pipe inspection and fire system Automation of SOTE with SCADA and LDS systems; Renewal of assets; Modernization of facilities; Internal pipe inspection and fire system. I think this is a big In for Amer for the patient though.

Just saw my post s GN Sorry too much output self ban 21 syas - 6 Nations starts. Do apologise. My fault. GL GN.

To confirm GC Lawless & NI 3:12 into interview so 'He is talking sense and to 'Some' short termers talking it down. IMO - the truth is always the sharpest most painful route, I'll shut up now.Well Done GC, hurts but hence the Sp - give me this any - day. Sorry to confuse.

BH - Cool head a tad, was so focused on the detail (GC Interview) missed the Macro bus IMO from my point, GC at no way sold the company Mkt Cap, look back, started Post war talked about civil unrest 2 minutes , Dividend question a wait and see, N Sands drilling H1 and later - Pump station etc etc , CPO 5 - still at 3k. I'm not being a Pump[/dump txxxt I' honestly was not looking at that but operational info - to revise my personal projections. I do apologise if I sent out the wrong info - but stand back - make your own mind up, I can't explain really, yes did state CPO 5 value but that's the ONE thing outside his control, all others are in his Manor. I'm tired too late GN I'm confused to be honest. Look not a deramp but - didn't talk it up, as even his view on POO - if it holds. Sorry Am not -ve trust me. GN #]

To be fair to GC didn't hide from social issues, enlightened it to Bla bla - very direct and at the end stated - hope to trade in tranquillity, to be very fair totally up front and started the interview with it!!!. What's my point? Two things, 'Timing' GC said Chiritza key to volume through OBA, +12kbopd, that development will be crca 9-12mths to build plus valves & knobs and so on- that limits the OBA to maybe 10k - probably why the MM sold and Point 2 the fact that CPO 5 is stuck at 3kbopd (As they are not going to J Arthur up - the output and pay more early doors). So we are stuck a tad in a holding pattern as value indirect builds. Output will climb with LLanos Q1 as CPO5 will need to hit 4.5k to demonstrate value, Indico 'UP DIP' will deliver whilst the pump house is being built, gives time for N Sands & PUt 8 to be drilled for output to replace the sale of LLanos IMO to attain a seem less growth in output Q3. Put 8 - see GC 15mins in could also be drilling from PAD 2 North into PUT 8 so Guys we have 2 options, I stated yesterday - But Vetra is Operator so there are 2 options are on the table, whatever. We have to drill near Cohembi at some stage to define the Reserve pool & North Put 8 N Sands - Great finish, GC did state if POO remains calm - there will be more drills as we hoped. So explains why a few Willo the Whisps evapourate, when the real business just starts to get sorted. I will top up as soon as my lower bowel will allow. GLA GN. HNY. This is an LTH dream, a BOa approach - increase exposure at every contraction.GN

Bakoven - a lot has changed since 2013, firstly the OBA makes Put 8 & N sand economics better to exploit and manage route to market. Our partner in Put 8 - Vetra is a key player in Suroriente next door to the East producing from N Sands and Cohembi 1 well - prolific is all but 10 yards from PUT 8, see map. Did you hear Giles saying that the Colombian Oil authorities better get used to drilling from one block into another!! With Vetra the conduit, we could use their PAD to drill into PUT 8 and they would want their juice going through the OBA. Quote, a little out of date - The Suroriente block covers 36,527ha and is located in Colombia's Putumayo basin. The project belongs to state oil firm Ecopetrol (48%) and consortium Energy (52%). This consortium, in turn, is formed by Canadian firm Suroco, which holds 30.4%, giving it a 15.8% stake in the Suroriente block, and local company Vetra, which is the operator of the block by virtue of its 69.5% majority stake in the consortium. The block has 20 active wells which produced 15,545b/d in March 2014 at fields Quillacinga, Cohemb� (both in production) and Quinde (under exploration). A net oil area containing deposits of an average 29� API was discovered in the Quillacinga field, at the Villeta U and T deposits. The Cohemb� field is the block's most productive, with an output of 11,813b/d in March 2014, from the Villeta N sands. Its development started in 2012 with the drilling of seven wells and later, in 2013, four more were added. The drilling of up to four more wells is planned for 2014. The goal is to achieve full development of the field, with 20 active wells, by late-2014 or early-2015. PUT 8 is untapped and only part of the PUT 9 & 12 plays. Last point - JW forecast production 2018 12k, seems low especially with CPO 5 at 4.5 and another???!! My guess the 12kbopd is without Llanos as it is sold for mega bucks, there's massive oppos in 8/9/12 & N sands - cake and eat it I believe. GL GN

GC good interview, I now understand why the Chiritza pump station has taken more than a year as 'Concept' excellent reason really, GC to meet Ecuador President just as they release a new round of bidding on ECu blocks, signing up to a $3-4m capex helping Petroamazon - Bril business. AMER SP is about managing time, IMO - I said in earlier posts 'N' sands will be the conduit - that oil flow, extra production will allow the development of Put 8/9/12 (and the Seismic of Terecay/Tacaho blocks) as GC states clearly, I posted 9/12 massive/prolific potential Sunday but it will take a little time, I'm surprised the Civil works for N sand drilling seems not so imminent. AS GC states CPO5 waiting on Indico could raise huge cash & profits (could help fund a divi 2019) - all the pieces of the jigsaw to get to 20k thru OBA are there and attainable. He is posh, as I didn't understand at the start what a Gueilla was and Ober (O.B.A) and Malcy's beard looked like the Revenant! The RODA delays now seem sensible - max political advantage and business gain. I know it frustrates but I like this approach, cautious, well measured, no debt, methodical, suits in country pace and effective at $49 Net back, the only cloud is as GC states at the start - the peace transition, but when that's done, it's another re-rate and as he states, Amer can operate in relative tranquillity given their long standing presence and community support (Last July was a pro change statement). This company will just get stronger and stronger as each new development fits into a very well considered business plan (Obviously POO above $55 safe enough). I did like the mention of Dana Coffield's contribution to the debate and how rare it is to get an experienced Colombian based Oil Exec on board. His in depth knowledge, business acumen and individual knowledge of people Executives, government suppliers etc could be invaluable if this business is for sale to GTE down the line. Great recruitment IMO. GL All, really Nothing new- only confirmation of what we thought, the plus Ecudaor Presidential level talks, could provide good news soon and award of new territory. GL GN!!. Happier with it all.

Quote - Potential for repeat Platanillo type traps in the faulted zone of Put-12, Put-9, Mecaya �Proven oil within the blocks �M2 Sand �Mecaya-1 well �782 BOPD and drilled in 1989 by ECP �Airu-1 well �450 BOPD 1998 �Proven reservoirs of Platanillo, the T and U sands, terminate (pinch out) within Put-12 and Put-9 �Seismic and well data proves this �Strike closures are highly likely to contain light and medium gravity oil similar to Platanillo �Potential accumulations appear to be large - �Upper Villetastructural and stratigraphic targets (M2, N sands) � Rumiyaco and Pepino structural and stratigraphic traps �Neme formation play towards the east and north PUT-12 AND PUT-9 -T AND U PINCH OUT STRATIGRAPHIC TRAPS Important un-drilled targets �we know these horizons hold light and medium oil just to the west in Platanillo Now reprocessing the complete 2D and 3D data set (�3,000km & 220km2 in Putumayo portfolio) with specialist processing house to have integrated horizon analysis and tie down the pinch out together with reservoir quality. Initial Drilling Focus: �Lead 1 �Proximity and similarity to PlatanilloField �P50 106MBO �EIA studies Underway �2 wells in 2017 �Lead 6 -�Appears to be continuation of Blanca Field in Ecuador �P50 47MBO �Lead 3 �Trap door structure, large area, potential Stratigraphic component �P50 82MBO I just get the feeling these guys are 'Holding Back' a few massive +plusses to drop in when they are ready, these are HUGE plays see slides on PUT 12 9 leads . Put 9 has a similar review and all can be tied back into the OBA. 2018 will be a hell of a +VE ride I think and with the Heavy Oil which can be blended ready for Ecuador 2nd pipeline from Put 30 we're in business for 20k not an issue maybe + 2 years but more in the tank than 20k easy. GL GN

on a +ve - I've had time to look at PUT 12 to start and I think there is news and huge potential here as soon as Amer & Plus petrol get the 29% over-riding royalty sorted. Put 12 was the 1st block acquired after Plat and no doubt Amer over paid in terms of X factor to get it, but it looks PROLIFIC, they held this for 5 years, waiting on POO reocovery local consulattions and so on. Quote - 18 October 2012 Amerisur Resources Plc ("Amerisur" or the "Company") New exploration licence in Colombia Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce that it has been conditionally awarded the Put-12 exploration licence in the Putumayo basin, where Amerisur's Platanillo field is located, under the Ronda Colombia 2012 licencing round held yesterday. Amerisur has formed a joint venture with the Latin America based Pluspetrol to bid for Put-12 ("joint venture"), with the parties owning 60% and 40% respectively. Amerisur will act as operator on the block. The joint venture's bid included an additional royalty to the state of 29% and an additional work programme of $7.2MM during the first 36 month exploration phase. We have extensive operating experience in this area as the block lies next to our Platanillo field, in a shared geological environment where we see significant play potential. The common environment will allow us to very effectively leverage our presence in the area and so operate with high efficiency, increasing the value of the asset. Giles Clarke, Chairman of Amerisur said: "The fact that we have been awarded this licence through such a competitive bidding round is a real testament to the team's ability. Quote 2 Operated by Amerisur Resources, the PUT 12 block covers an area of 55,000ha and is adjacent to the Platanillo field in Colombia's Putumayo basin. It was awarded in 2012 to a joint venture between Amerisur (60%) and Pluspetrol (40%). Using existing 2D seismic, nine material leads were identified totaling P50 resources of 305Mb. Amerisur intends to acquire up to 272km of new 2D seismic by 4Q15. Under the revised 2015 exploration campaign, the PUT 12 drilling program will begin in December 2015 with the drilling of Lead 1, targeting a mean prospective resource of 106.6Mb that is similar in seismic terms to the Platanillo structure. In the event of success, the companies aim to tie the production from this discovery back to the Platanillo system. According to Amerisur, the block exhibits similar geology to its prolific Platanillo block. Pluspetrol Colombia Corporation Surcusal Colombiana (Pluspetrol Colombia) is a wholly owned subsidiary of the Argentine oil company Pluspetrol S.A. Its headquarters are located in Bogot� and began operations in the country in 2008. The firm carries out exploration activities in the Llanos Orientales Basin and participates in production in the Sinu-San Jacinto and Putumayo basins. GL

On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to its audit of Enron, resulting in the Enron scandal. Although the conviction was later reversed by the Supreme Court, the impact of the scandal combined with the findings of criminal complicity ultimately destroyed the firm.