Member Info for BaysilHope

ONGC ON-Slaught- Amer Expectations - Interim results - Quote We look forward to the upcoming drilling at the Indico-2 appraisal well, which has the potential to increase production and enable us to extend the oil water contact to better define field reserves. This is combined with workovers and recompletions as part of the ongoing Platanillo optimisation programme. However, given SLOWER THAN EXPECTED pace of drilling on CPO-5 and revised drilling plans on PUT-8, following the previously announced transactions, we revise our plan from up to ten, to around six wells to be drilled in 2019 across exploration, appraisal and development activities.

Next Reserves - Reserves Update Summary
Undertaken as part of the ongoing Formal Sales Process - Total Company reserves estimated to be 15.04 MMBO 1P, 21.80 MMBO 2P and 31.13 MMBO 3P (as at 31 July 2019), with 1.2 mmboe produced in 2019 to end July
· CPO-5 2P reserves estimated to be 9.5 MMBO (as at 31 July 2019)
o Increased to reflect production history that indicates larger oil in place and higher recovery factors
o Further drilling activity on CPO-5 is scheduled for H2 2019, commencing with the Indico-2 appraisal well. The 30-day well is planned to increase production and reserves with the potential to extend the Oil Water Contact
o Production started from the Indico discovery in the CPO-5 block in January
o 2019 Working Interest Production to end July of 0.43 MMBO
· Platanillo 2P reserves estimated to be 12.3 MMBO (as at 31 July 2019)
o Lower to reflect a more conservative approach to economics late in the life of the field
o Working Interest Production to end July of 0.78 MMBO
Smashed by 4 drills aborted - How can you guys post anything positive on ONGC ? - Its domestic abuse FFS - they are playing us into the ground as we rely on this as the messiah investment and have been lazy on developing other fields. ONGC know that and are holding us to ransom by withholding investment. Hands up Who doesn't get it FFS? Skill is to unwind the headlock and reverse the commercial deadlock. So valuations are fruit cake unless we are freed from ONGC vice like grip. Come on girls, who's going to buy us with ONGC in control of our KEY KEY PRODUCING Asset FFS ??? That's where the Big M plays in. HNY Jesus ...H

Who's playing who sunbeam, the reality is a light year away from the facts of your post - Blue Sky 9 years on. Look please me more open - as to the game your team are playing . GL son I'm clear on your game HNY

Don't no longer hide behind tender docs FFS ONGC put out a Muppet tender logo to buy time and we believe it - Whatever the Share Whatever the process outcome - LOOK AT THE CASH!!!!!!!!!!!!!!!!! Are they throwing the investment into the area NO NO . JTD - I loved you my son, now I am now thinking you are at it, sweet pea - blame me for the beers - Yes guilty - but that is a nut comment my son isn't correct Me thinks JTD has a bit of Karla. Sorry son, you've dug yourself in my man. You know ONGC game, - JTD for whatever as ass I'm am - to sell your soul is different - I'm gutted my friend you are of the other kind. GL my boy - wish you well. &in hindsight that's why we argued whilst others blinded. JYD gloves of sunbeam- if you are misleading the BB - that's 10 worst than me having an Abbot beer my son. GL My boy - My posts been clear and clean - I've always argued your bit with ONGC tender docs - get it now son Deceptacon FFS

Yes, the risk premium with Amer is the truth that can be released after the Co-ersive control Exerted by ONGC. They must now invest - as with others in their drone attack capabilities & counter terrorist measures - I am a low tech person thank God. GLA HNY . This is a changing dynamic worthy of review - Come on JTD this research is your area, you hav ethe capability no doubt - Drone Attack & Counter measures - Global Oilfield Disruption & Protection - Christ this is your arena my man & a permanent premium of say $4 POO next 4 years ?? . Please help HNY Spill please JTD Any Co's you know supplying Drone Defence Mechs ?? GN

Imagine the world - oilfield, airport, Cardiff ground drone defence Capex nest 4 years - what a wild techno challenge and ever on-gpoing maintenance income against Industrial espionage, Political and sovereign disputes and Giles Clarkes RNS's FFS IMO this ever -essence FFS Threat will keep a premium on POO for 10 years - if a couple of $100k drones loaded can take out 4mbopd - HNY Aircraft can be monitored, Cruize missiles also - Hand built drones - with Arab GPS FFS could cause global warming - with their inaccuracy - In Col we have had FARC FFS - they would enslave a drone in Colombia FFS I think the world is entering a new world of supply insecurity and POO should have a built in premium to allow for operational field line defence FFS - The last drone we had recently was a Labour candidate, directionless and not in control HNY. 32 hr week, who is going to absorb the loss of productivity post No Deal Brexit FFS Small SME's can give 60 days free holiday - look what happened to Thomas Cook, GN

JTD you are a great guy, your research I admire and value, I put out the George Smiley for YOU!! My man, in the book the deception is key, YOU BELIEVE ONGC - my man that's the point I make not Cider - you and a few others fall for the TAXI tender FFS whilst we are getting creamed. Sorry my son, what this states is after a few Abbott Ales I'm more lucid than you my man - now that's a shocker , anyway I don't post Tinker Taylor smoking fly or sniffing - the humour would not fall out. So call a truce, I'll not mention ONGC tenders for Taxi's !!! and you tolerate a bit of humour you might dislike. I can't write Tinker Taylor SMASHED ffs I'm NOT Olly Reid BUT WORKING ON IT AND you never answer my Hypo's Q;s I,e what is ONGC MO FFS - are ONGC now looking for out!! so you miss the objectives of the post-sweet pea - sort I'm buzzing my tits off as I post- Think not - takes thought to make humour NOT COPY & PASTE !!!FF S HNY Still diff aside please keep informing the post - I dislike the Cider punt - Its Abbot Ale FFS Read and learn Jesus.

Quoye - Games we play - Remember Gary Oldman in this -
ONGC Tinker Taylor Soldier Spy – Where we are
• George Smiley : Is there anything you would like me to pass on to Ann? ---- Quote After you destroyed the BOD Credibility !!!! with false dawns - knowing you are having intercourse with Ann.?
Bill Haydon : That was nothing personal, George. You have to understand. Karla said that you were good; the one we had to worry about. If I were to known as Ann's lover, he'd figure that you wouldn't be able to see me straight. And he was right, up to a point... ( After to having a blatant affair to blind our MI5 man Jesus in the film, he shafts our team FFS , kills our opps and assumes control – through Co-ersive Control) ,, Karla is played in the film by ONGC. But we have George in the wings
George Smiley : Up to a point. Yes CPO 5 Do you want her! Then we have to deal with Karla direct!! We Wait and see.
Medication Time Nurse....
HNY

Bigsmoke - Peter Levine Yes - 50 years to forget that deal, Wait great post ONGC funding, but as India's leading light to find Mega Oil & JV's with the Global Oil Players & support the largest Oil consuming nation in the world - they need global; tie ups. Given South America = Venz has cost them big - get cash, get out - .Point 2. X factor 23% in CPO 5 is'n going to produce the margins ONGC require - ain't going to extract the profitable juice as other global projects else where. IMO I think - I said before - Objective = is to take ONGC Out !! As the Boris said Out by the 31st Oct 19. Then Amer gets back in control in whats left - to me the 23X factor for a global kills 19 rigs as the value added is marginal. To us 50kbopd a share GTE Geopark are used to X factors no problemo - key here is the 48+% II's where do they sit - Notice GC has not given a promo video in all this as ongc - AS Wait states go tits up - Key to this circus is options - I think Amer have got the help & professional back up it needs - there are too many fine opportunities here to waste - its about marketing with a dullard ONGC in the room discounting the mixture - and as the drones helped explain in the ME- Saudi are wide open for attack, a $100k drone causing $1bn of damage = SIMPLES - Will take years to secure KSA borders from drones - risk premium built into POO will have a back stop priced in.HNY Wait - like the thinking- pre bidding. GLA

IMO - This process was caused by ONGC and its solution will be achieved by dealing directly with ONGC, i.e the bid process. One advantage Amer has is the private equity option - of last resort backing - at a price no doubt but not held to ransom as ONGC would dictate, by deliberately under developing the CPO 5 field a ' Prorogue - joke - of commercial justice FFS. In an auction you can expect GTE to swallow Coati & Put 30 with a 4% X Factor for a fair price - synergy, OXY to take the 50% of 1.2m acres and CPO5 up for grabs. Anything left to the highest bidder. All contestants understand, the failure to make the reserve price Private Equity gets stuck in, so preserving some kind of Supreme Court check on the perfidious ONGC FFS, Tiss all possible as Amer are Cash Generative and require no short term funding at $46 in bank, so NO DISTRESSED SALE

So - IMO DYOR there is no rush, all parties negotiate their positions and IMO DYOR we have a smooth border back stop with the OBA. Personally, I think if the numbers fall in line - we sort out the Fecking Injuns and grab control of our company back. Unfortunately, the huge success of Indico 1 now - as stated earlier has become a short term horror show than a blessing. If our partner were upstanding partner - which our BOD can't comment on , a joint co-op field investment plan would have delivered expectations of 25kbopd, instead, smash that and pick up the 30% on the cheap, smash and grab repeated tactics.

BOD had no choice, the tail wagged the dog. Not for too long, either we eat the dog or lose our tail for a good sum. Amer has been 'dogged with issues since M! success FFS 2016- this time its the adverse effect of exploratory success, utilising Co-ersive control on investors expectations. I like the fact this is drawn out - AS IT EXPOSES ONGC lack of development as - quote Boris type - Stymied Amerisur business plan. HNY Time will in reality benefit Amer - Why:
1. Prove ONGC - lack of CPO5 action a despicable 4
2. Allows GTE Geopark et c More time to adjust funding options to bid
3. Allows Michinko time to evaluate a Reserve bid position
4.Develop more data on all blocks for development purposes
5. Negotiate 3 rd party Oil through OBA

GLA GN

ONGC gave deliberately killed any upside on this share, you find a top discovery - they bury it, multiple rigs an absolute and force us into a duster - No attempt to market the upside after 8kbopd well Jesus and sorry JTD taxi tender ?? I think you are missing it 100% we are getting played, not only played but stymied - we can't past the value button whilst ONGC hold out, so sell or remove the road block. They know what they are doing - scum IMO that's why the process is so prolonged - as it requires a complex solution - even a takeover - you have to deal with the obstacle - hence the negotiations. GLA - ONGC are playing us down - Feck the Taxi tender as an excuse - sorry - but what would GTE do with that find - have 9 drills and pump in $100m - come on. That's the barrier we face ONGC Elephant in the room. Our BOD BIG MISTAKE not advanced other options -= LAZY LAZY FFS which hits you sooner rather than later . HNY

That's what lets GTE Geopark, Parex down, we have the Agility to discuss deal options if partners are willing. Most PE funds are about profit derived from breaking deadlock or market limitations, Amer are lucky our largest shareholder if willing can unlock deals. GLA especially when competitors are weak and partners want out. GLA GN

Unsecured lending - backed by a PE firm can lend when banks cannot through securitisation issues and covenant conditions, Amer no debt and a major shareholder with cash ready to make money - that has a history of supporting companies it likes - !!! Thinks me something what is going on GLA

Follow the same path that Parex failed on I repeat & repeat why would Michinko Do that Private Equity Firm !!!!!!!! Again - Copy During the process, Parex received multiple proposals for the purchase of the SoCa Assets. After a thorough evaluation and consideration of the submitted proposals, it was determined that none of the proposals reflected the value of the SoCa Assets and were not in the best interests of the Company and as such, the strategic repositioning review process has been terminated. -

Unless to take ONGC out Cheap and share it HNY GLA may take a while but the excuse of limited funds from 4 companies - can draw out negotiations but get a cheap deal. HNY
That's Life, that's what people say riding high in April, shot down in May !!!! Whats October got to offer.

Hit while your weak - ONGC delaying crucial news for AMer - are reliant on to buoy the SP etc borrowing now - this is an end game with ONGC as GTE Parex are committed to share buy backs and are weak FFS Strategic Repositioning Review Process 2018 Parex
conducted an extensive public strategic repositioning review process, focussed on a broad, global marketing process to solicit interest in the sale of the Company's long life assets (LLA-32, LLA-34 and Cabrestero), the retention of the Company's exploration assets, the return of the net sale proceeds to shareholders and the Company continuing as an exploration driven, Colombian focused junior oil company. The strategic repositioning review process was also receptive to any expressions of interest in a potential corporate sale or other strategic transaction that would result in the creation of additional value for shareholders. During the process, Parex received multiple proposals for the purchase of the SoCa Assets. After a thorough evaluation and consideration of the submitted proposals, it was determined that none of the proposals reflected the value of the SoCa Assets and were not in the best interests of the Company and as such, the strategic repositioning review process has been terminated. -
Hence Strategy Amer V ONGC - Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. - Hold out baits to entice the enemy. Feign disorder, and crush him - Feign Disorder That is when GTE Geopark Parex are on share buy backs and out of the game - FFS a combination of weakness presents a counter opportunity - IF JOINTLY done IMO ONGC want out. We'll see Baysil

Strategic Repositioning Review Process
Beginning on July 17, 2018, the Company, with the assistance of its external financial advisor Scotia Capital Inc., conducted an extensive public strategic repositioning review process, focussed on a broad, global marketing process to solicit interest in the sale of the Company's long life Southern Casanare ("SoCa Assets") assets (LLA-32, LLA-34 and Cabrestero), the retention of the Company's exploration assets, the return of the net sale proceeds to shareholders and the Company continuing as an exploration driven, Colombian focused junior oil company. The strategic repositioning review process was also receptive to any expressions of interest in a potential corporate sale or other strategic transaction that would result in the creation of additional value for shareholders. During the process, Parex received multiple proposals for the purchase of the SoCa Assets. After a thorough evaluation and consideration of the submitted proposals, it was determined that none of the proposals reflected the value of the SoCa Assets and were not in the best interests of the Company and as such, the strategic repositioning review process has be

Luz this song - hits the spot James, David Gray Great Song writer - This Years Love Film Theme

This year's SP had better last
Heaven knows it's high time
I've been waiting on my own too long

And when The SP holds me like Amer do
It feels so right oh now
I start to forget how my investment gets torn
When that hurt gets thrown
Feeling like you can't go on

Turning circles and time again
Cut like a knife oh now
If ONGC loves Amer got to know for sure
'Cause it takes something more this time
Than sweet, sweet lies oh now
Before I open up my arms and fall
Losing all control Every dream inside my soul

When the MKt Cap kisses me on that midnight street
Sweeps me off my feet
Singing, "ain't this SP so sweet?"

GLA HNY

Hi Treasures,
Like your thinking - thanks for the post - Business is al about getting in Control from the business model, cashflow - the investor - bank customer supplier workforce perspective and Pi's & II's . Amer are not in control today - why ONGC - our largest valued asset. When we get there - times will change. HNY Thanks Again. GL

This process forces ONGC to the table, one possibility joint partner take out of ONGC 70% share and Amer as operator??
Guess ONGC have bigger fish more strategic fit. getting say $250m and dropping capex straight jacket appealing with their forecast plans we can only guess at.
GTE could borrow and get 25% , Geopark same - Private equity 20% and vote Amer operator. ONGC get bought out under value. Amer would have pre - emption rights on a ONGC take out. Hence the turkey shoot, no contractual road blocks.
One other one to put on the table. HNY The elephant in the room, the monkey on your back, the fly in your eye, is ONGC, Feck em off and get down to business. They don't want to be here. Get business back on the table. HNY

On further review, were Sol 1 outer limit drill IndX duster -really there to get ONGC - a map of the block and for them to understand their value !! at the expense of todays production and income - Or qualify - Out of their 70% cost effectively whilst destroying Amer Sp, Michinko is key in this as there is no critical mass of financial power to get this over the gain line , if GTE Geopark no equity options - OXY full etc etc - I now think ONGC want out and this is a ballroom of respect created by Giles to get them out. OXY no worries. HNY - Qucik GN

Time is the yardstick by which strategies are played. The decisions on IX Duster and Sol1 were made earlier - pre sale. Only and Idea. I thought ONGC were pushing us over a cliff with the last 2 drills, - NOW moment of clarity were they just checking the limit of their claims to GET OUT!!!!! No 2nd rig I took as a method to kill our ambitions and ONGC buy us cheap - -Pre Emp rights !! or is the opposite true, no second rig MEANS 70% OF CPO5 IS AFFORDABLE!! They want out sensible price ---Maybe I took TOO a defensive investment view & ONGC GROUP WERE TO BIG - If ONGC want OUT - look out Amer GTE Geopark could turn this into a monster and for their SP -THe delayed games ONGC did confuse me a tad with ANGER FFS
HNY GLA

Peeps, ONGC playing us like Glass Monkeeeeeees why drill the margins, create dusters and thin finds - when 3 development wells - 1 in M1 + 2 in I! would yield self developing cashflows in their own right - that would ad +$150m to CPO 5 which is not what ONGC want to get our 30% cheap - that tactic failed with the intro of the Big M - at least this impasse has stopped the bullying of ONGC - HNY GLA