Member Info for BaysilHope

Why Now, Deceptacon? You are not a BB PLayer That makes you a threat - Shorters - Now believe or not Why do you post so late in the POO cycle . GLA You're input should be on your own BB GLA Do us a favour and feck off. HNY

JTD, Sorry I got the argument too much against what you were trying to state, I re-read it and I understand more. Yes Why Drill so close to Indico, low risk more prod and prove a bigger system JTD Agree - I was focused on the Amer MM perspective of not delivering on 2018 and being caught short on 2019, JW GC Amer can't take a backward step here, because they have for the previous 12 mths, which JTD - has cost me & you time effort and lack of other investments OK !! I value your effort and never will doubt your honesty or commitment here and value it trust me !! , I got frustrated yet again with JW lack of clarity . GL Thx for you help. The Sp is positioned for an independent structure with a Net + 500bopd and Then Gross P1 Reserves 30% 2M . Time will tell when Brent is above $65. This beast will blow soon, I've added, taken profit from PMO to put here. HNY JTF, my point was I did not pick up on the emphasis you were making, after a re-read got it. So Get fired up my son. You have the absolute talent.
Last post JUXT your Offshore ONGC relinquishment - Brilliant Research and Material in value - Mega THX. Last point ONGC Videsh ARE OFFSHORE - so I didn't respect that key point, they have to ring all the OFF SHORE Managers and say your Capex Budget is cut for inshore DEV !!! - we're drilling INSHORE IN COLOMBIA FFS- Look guys have a drink and we'll chat after class FFS - Hence the delay - IMO DYOR HNY Curry all round.

MM's value Amer makes sense to a point, prove me wrong attitude- if JW does a Beauty Parade in London and ONGC only authorise 1 rig in CPO 5 - then there's s dichotomy of value, mark it down. So The OXy deal, is not priced in - OXY would not invest unless they believe in real opportunities in their blocks given their knowledge. So roll forward, the SP opportunity lies with AMer and JW. GLA I think he can do it as there are 14 targets to start probably +30 - they need to re-adjust their budget - we need some debt to keep pace and bid in Ecu and we need to sell 3rd party oil thru OBA.

The reason they are drilling this is Explore'l - Amer have not found the OWc area and need more info. Not because its small and cheap or whatever. Listen to JW's interview and its self explan. GLA HNY.

Remember - if ONGC are committing one rig - The MM's will value us with 1 rig +2.5 mth turnaround on a separate structure. As soon as we prove its an extension of Indico different ball game. Also we have no established the Oil Water Contact - exactly how deep the Oil region is so its WIP. If JW gets the result - we are in a very good play but it has to be lead by ONGC Videsh. The battle commences. GLA

Hi JTD - - Not to be a Numbty but FFS that's where we all are with the drilling outlook - it has always been an extension of Indico and all the others are also , Get your head out of ONGC and smell the coffee, this is exactly what the market IS NOT GETTING. For prudence sake JW is publically describing these drills as individual targets, which they ARE!!! Deep Breath, but cannot state they are ONE BIG FECKER WHEN WE ARE MINORITY PARTNER- 30% - ONGC Need to be convinced, hence India Hence the delayed RNS, they will be reluctant to divert part of the Videsh Capex into a 2MMboe monkey C1 -They- ONGC believe they are separate plays and hence 1 rig!!! However if JW can convince the Indians its a block ONE STRUCTURE HNY. IMO that's why JW lead the trip NOT GC who closes deals. I think more news soon. GLA The man has 25 years experience out there and is a game changer. The market, quite rightly need convincing with Amer output down sum 20% odd - This is the time to make money. GLA

Goldman Sucks and the MM's wrong footed by PMO good news last month, knocked PMO down - only way by deceptacon RI crap, Now the Crude Supply side carnage will over come Depressed demand sentiment with the Venez Debacle esp. PMO should recover quickly. They bought time = WHY the PMO fundamentals are quickly changing - Esp with Pemex in deep shite - we can negotiate concessions Zama block 7 and all --- FFS HNY. Glad to be alive. Luzzin it.

Agreed 50cc, there are 14 CPo targets in the North, ignoring the +5 in the South, I think from the past, drip feed potential, so the London visit was 1st Phase 6 drill sites 1 rig SP 17p or check where it lands, next phase as per JW gear up increase drill targets with more rigs, that will +100% kick the Sp off the car park. The India visit ONGC, must include Ecuador, so by working together - if ONGC cash strapped, additional rigs = no Capex cause or the 4-5 month cash recovery. Its there for Amer to make and take, this Co has never been so close to this opportunity and GC is leaving it to JW on the surface of meetings. IMO I think for the first time in years we go forward - if more rigs and massively increase EV and are attractive proposition.. GLA Macro Oil looks like its turning and more bullish, KSA +05mbopd cuts and Russia have +200k of cuts, yet to hit the market. GLA

Amer are on the cusp of a step change in scale and EV, if JW bangs another rig here this will break ranks. Quote the BB Earlier Pro Active report - Look at the Nlue Sky view, 1st Point OPEC & KSA cuts now being recognised and will become MORE AGGRESSIVE Momentum swing away from Demand side doubt to Supply side carnage HNY Quote Blue sky at Putumayo
Amerisur now has almost 900mln of resources in blocks close to the OBA, which includes the four where Occidental has farmed-in. One, Platanillo, is in production at between 3-4,000 barrels daily but the deal with Occidental has enabled Amerisur to bring forward the opportunity to explore for a major find.
Discoveries of billions of barrels have been made just over the border in Peru and Ecuador and Wardle believes there is scope for something similar at Putumayo. Of course, the acid test will come when the seismic is done and drilling starts but if local knowledge counts for anything Wardle has good reason to be upbeat.
He worked for BP when it first established itself in the country 25 years ago and he has stayed put all through the troubles. The challenges were considerable but because of the country’s problems, Amerisur was able to buy its assets at knock-down prices. The Putumayo licences, for example, cost the company nothing effectively due to tax breaks. Now with relative stability, oil companies are coming back again looking for bargains, though they won’t find any, he quips: “Because we bought them all”.
Directors stump up
Putumayo aside, Wardle believes the numbers from this year’s drilling programme at CPO-5 alone will show Amerisur is substantially undervalued, a view he has backed with share purchases worth £1.25mln over the past three months. Companies in the Llanos Basin with similar-sized assets have been turning down (gross) offers of US$2bn, he adds. At present and at 17p, the market value is just shy of £200mln.
There is cash of US$40mln and a debt facility of US$30mln to carry out its programme of work at Llanos, with Occidental paying for the majority of the activity at Putumayo.
“The economics are very attractive," says Wardle.
“And where else would you find a company with its own infrastructure. In a virgin basin where it owns 1mln hectares and that has just picked up a $100mln farm-in while adding 30mln barrels of new reserves [at CPO-5]." End The message will get out Next well - Oil col next 20 days Added again today GLA HNY.

My man, you are capable of working for MI5 thank you, great help and support and effortless assistance - appreciate your input here. The 'Eyes of this BB My Man' Cheers Bay. Always read your input. Ta

No doubt Amer have been holding cash back for Ecu bid rounds, no pipeline news etc and the bids are in March 19. To be a serious player we need a big cash balance and be able to access debt to fulfil Capex Obligations. I think that's why they've side lined Plat - We need more control ion Ecu pipeline wise so Q1 2019 is a key strategy deadline, when others bleat on historical performance, must question their honesty really. So look at the tweets complaining about Plat performance and not considering the +10 greater potential of opportunity we are facing and the co-operation of multi nationals - why don't these monkeyeees Feck off and invest in a dildo HNY One drill 18m P1 reserves and just complaints Close your shorts and feck off.

Commonality here is long term ambitions in Ecuador, Old to new, OXY have massive experience AMer need a presence to support the OBA and ONGC want in. Quote - 'Indian oil company ONGC Videsh is looking at buying a stake in oil fields in Ecuador and may also participate in an upcoming tender for the Intercampos blocks, Ecuador’s oil minister Carlos Perez said on Wednesday. ONGC is looking for fields with a minimum 25,000 barrels per day of oil production, he said. ONGC Videsh managing director N K Verma said: “We had a good meeting with Ecuador and we will explore possibility of expanding our footprints in Ecuador. We are already present in Colombia.” Ecuadorean crude is heavy in quality, suitable for processing at complex refineries in Asia and the United States.
The OPEC producer needs capital to replace oil reserves, revitalize production and overhaul refineries and terminals. But frequent contract changes have spooked big oil firms in recent years, contributing to an output decline.
Amerisur have been holding back on Putuamyo drilling as the Ecu bid rounds are next month and they need cash in the bank to be credible for any bid. If Amer can get OXY ONGC in line - in Ecu the sky is the limit. Like PMO in frontier Mexico PMO Talos and Dea, it can work, combined fire power a multi resource opportunity needs investment. GLA we are on a roll here and a step change in growth. Ecuador is key for Oil evacuation and we have first mover advantage OXY understand pipeline logistics ONGC need Oil GN GLA HNY

Why does the junior 30% JV partner visit India so early into a drilling campaign. Local management have the capex authority no doubt for more rigs. I think this shows respect to JW who maybe visiting with An OXY cap on. OXY understand Ecuador big time and that country is key . I hear NN's slashing Plat performance but that s pond scum chatter, if you spend net $2.5m get 18m P1 reserves and 5kbopd of 36 API no lift costs no transport discounted well head, then some ceeueents are just shorting FFS. That one drill added more value than our last 10 Plat. Do more. I think we are luck=y to be aprt of a more macro economic play, as JW says we could have a window open soon on +100MMb within 15-18 months. GLA RIGHT PLACE RIGHT TIME WRONG BROKER!!!! Come on Snow do your job.

HNY FFS, Means we gain Bargaining power in the Unitisation review on Zama, Whats sits with Us and them sounds like Pink Floyd GLA Mexico is an unloved HUIGE for PMO which will value up thru investment HNY GLA

We know the game, use it and abuse it, US Shale are doing their job of reflating the world economy by keeping POO low so +1 rig will cause a multi billion drop in Oil - - but there will be an inflection point where future investment gets parked up and depletion will win, and POO will rise dramatically - three things in life are true, Goldman Suck, Gravity works and depletion will always outperform the drill bit. The next three are, the Cheque is in the post, I promise I won't xxxx and I love your family. HNY Todays drop, fraudulent to say the least.

Last point - US & China are Oil dependent. China needs oil more than the US as the US with shale can ramp it up. So why keep Oil low $62? YES it reflates US, Europe, India & China and depresses Middle East and Russia to a point. BUt low POO will mean no investment in Oil so a problem brewing. But US Shale's influence is MASSIVELY distorting the Oil market with bias, as with PMO . There's money to be made working that out. GLA

Start - Ecuador: In a hurry to mend the past
After a decade marred by corruption and legal disputes, Ecuador’s reformist government wants a more investment-friendly exploration regime --- Ecuador's biggest defeat came in 2012, with a $1.76bn award to Occidental over a broadly similar case. The government had seized the company's investment as an "administrative sanction", an action the tribunal ruled as "disproportionate and tantamount to expropriation". Compensation was recently agreed at $980m.
Ecuador's most recent defeat came in 2018 when a claim filed with the UN Commission on International Trade Law by a subsidiary of Petrobras, Cayman International Exploration and Teikoku Oil ended in a $515m award against the government and PetroEcuador. The case followed the nationalisation of two Amazon projects.
In late 2018, Ecuador's story in oil and gas remains one of unfulfilled potential. According to official statistics, accumulated production of oil since 1950 is just shy of 6.9bn barrels. Proven reserves are estimated at 1.7bn, while total PPP reserves total 4.4bn. On top of these, contingent resources stand at around 1.46bn and prospective resources at 4.8bn.
Industry consultants expect production to grow substantially in late 2018, but the main question remains: how will foreign, private investors judge the new regime? This will depend on the eradication of what Expertise law firm describes as "the perception of complexity and lack of transparency in oil transactions and contracts".
And, it should be said, corruption. As Expertise adds: "Along these lines, specific codes of conduct that attack corruption and seek its elimination will be implemented."
So far, no new contract appears to have been signed, but there's plenty of promise, with a total of 68 expressions of interest filed by 25 private companies for the oil and gas fields. According to newspapers' reports, Russia's Zarubezhneft has thrown its hat into the ring, while Canada's Frontera Energy has had talks with the hydrocarbons ministry about developing gas deposits.
As Expertise points out, Ecuador's extrication from conflicts with foreign oil and gas companies has been costly, but could mark the start of a new era. That s why its slowly slowly. Need more info but AMer walking on higher ground. Well played.

We are th only private company with a Bi Lateral pipeline but to advance we need a majors support in Ecuador, its scale economically and politically. Expect us to make gigantic t strides in 2019 and thankfully the Market is totally sceptical. Window of oppo short. GLA

Listening to JW's interviews - both, he mentions twice OXY WERE NOT THE HIGHEST BIDDER- BUT OFFERED A MORE VALUED ROUNDED DEAL. WHY???? ECUADOR !!FFS The ECU bidding rounds are close, they know the OCP pipeline matrix better than, they know the govt and individual blocks - Said by project Manhattan, Einstein this is a win win and maybe ONGC get into Ecuador FFS Got it, OXy preferred because of Ecu which means a second pipeline which means massive growth. Hold on Honey. GN GLA

Only a grasp at sunlight - OXY did own part of the Ecuador OCP - Quote Very OLD News but a history of understandings and contacts for the broader perspective JTD % BB any more current info. 2006+ I believe
Occidental owns a 14.15% stake in OCP Ecuador, which was built by private- sector companies operating in Ecuador and began operating in November 2003. The pipeline's other partners are Spain's Repsol YPF (REP), U.K.-based Perenco and Andes Petroleum, a Chinese consortium that bought out shares owned by Canada's EnCana Corporation (ECA).

The OCP can transport up to 450,000 barrels of oil a day, but at current production levels it is carrying around 150,000 b/d, of which 70,000 come from Occidental's Block 15, Limoncocha and Eden-Yuturi fields.