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Yeah Baby Whoosh that's Rev +$760m H2 EBITDA luzzin in Debt Covs No issue GN GLA

Can't sleep, thanks Leas for your kind words, like you this share has become my largest foray into investing. I got wrong footed Q3 by the RH v BOD Shenanigans - I think those deliberate understated RNS's are in the past. For example, it made sense to have a blow out at Plat 9 or whatever to justify a drop in output!!!. I know I sound wild here but if JW can just assign only 10MMboe for Indico pre drill then its within reason any RNS was discounted - to give him RH any excuse to sell out and it worked he dropped millions Aug to Oct, at our expense unless you shorted your brains out .. So on the post RH front , I would NOT be surprised if our output starts to recover some what. No need to down play the facts anymore. We need that cash for a myriad of core projects. Wolster I agree with you Rig 2, yes their slow but India now expects everyman to speed up + you don't want to upset the Col govt, JW & GC from both directions will no doubt make their points. We'll see - but a nice problem to have. HNY GN putting Bloomberg on now with a cup of tea for a change!! GLA

That's the first time in ages there has been no marked retracement of -10%, happened with OXy and RNS 10th Dec since 2nd Jan very unusual no signif fall back? Good sign, am no trader don't access SOL No's - but happy with that so far, GN DLA Hopefully news tmz.

Interesting tmz RNS, for moi is the revenue achieved, which could be $1.4bn on $2.4bn debt 1.7 ratio, at its worst position 2016 - 2.9 where $2.8bn Debt supported by only $0.93Bn rev , nightmare. The forecasted ratio for 2019 IMO could be - $ 1.7bn Rev to $2.1bn debt or 1.23 back to where PMO was in 2014, but POO was +$100 then. The company has transformed itself and the SP doesn't really reflect the uplifted scale of ops and cash generation after this contrived blip in POO , but will start to recover as POO returns to $70 GLA. With sales volumes at the $1.7bn PMO can support the family household no problem and Zama is a treat for the kids education trust. At that magnitude of volume fixed costs such as Dep'n,Amort, admin, fixed o\Heads & Interest costs (on reducing debt) are more readily absorbed and should help improve cash gen and profitability with more tax credits to boot . As I said Cather H1 was circa 13kbopd - H2 30k - smoking!! GLA HNY Will be ringside tmz morning. After the games and a good Zama result next few weeks could be good.

Trying to put SCALE on this, at Amer's peak P1 reserves were 20.M just checked the RNS 2013, then 16.8M 2014 then 15.2M 2015 and so on so forth - a One block wonder 55k acres FFS - CPO 5- working on the low case separate structures scenario should double worst case the 2013 position, on its own within 3 months if we get 2 rigs. That's why I jested JW in the Oct 18 RNS, down playing the potential target reserves for Indico 10M, Ag 2.7M and Sol 4M - Amer has Never been above say 20M P1 reserves - not checked 2012. So I think 2019 ALL EXPLORATION AND TRADING RECORDS WILL BE BROKEN - AT LAST WE WILL ACHIEVE SCALE and then the SP breaks will fall off. And its not a marginal increase in reserves - wait for it a TRANSFORMATIONAL leap in magnitude. Its P1 is the barrier to growth, you can readily monetise quality low cost reserves. GLA
Orakle I didn't now you could sing, great tune , Luzzin it

Had to smile, the 17th Oct RNS stated this as the target reserves for Indico 1 & Sol1 - RIGHT WHEN RH SELLING - Quote ' Indico-1 is targeting the same play as the successful Mariposa-1 well, which last week produced its 1 millionth barrel, with negligible water. Indico-1 has P50 recoverable resources of 10.3 MMBO (gross). The operator currently expects to drill Aguila-1 (targeting 2.7 MMBO gross) and Sol-1 (targeting 4.0 MMBO gross) END What a porker . I think analysts still have this in their algo's. I bet JW had a wet wipe handy when he 'PENNED' this RNS was probably biting down hard on a leather strap to stop him splitting his sides!! Understated to keep SP down get rid of Rexy, give him the oppo to drag the BOD down.
Qtrly prod'n figures soon - same RNS As the company moves into a busy period of drilling, it will be providing regular operational updates around these activities, alongside quarterly production updates, as per oil industry best practice disclosure. Should be next few days IMO.

If and only If JH has discovered the most important Oil discovery in the last 25 years - he will be the new Pizarro but don't kill the locals. HNY

Amer lack of reserves let alone production is the greatest weakness in the SP going forward. Even if CPO 5 is NOT ONE field, what we do know 6 wells targetting at least say 120m recoverable reserves that we know of. At 30% worst case is circa 30m lift for Amer compared to - see table 1.3M booked in for CP O 5 2017 and Mecaya now 100& one LTT we get +5m ' Quote NH - Our 2P reserves really underpin our share price in the Platanillo block, and no one’s ascribing any value to these other assets that we acquired in the downturn.”I think the next near-term drilling results are likely to come from our CPO-5 block in Llanos. Earlier this week we announced the drilling of the Indico well was progressing well and we expect results in the next few weeks. That will be followed on by another well, ‘Sol’ further down that block, and potentially a fourth well which would be next to the Mariposa well that has been most successful for us this year.” NOTE The Reserve RNS April 18 SP fell to 13.4p for 1P Reserves 14MMb - our reserves today should be x 3 at least so SP of 26p is still massively discounted on the quality finds and values the OXY deal at nil. All the risks are accounted for and now RH gone massive BOD buys we are held back - but what an oppo to get more. Bought in modestly again today GLA No debt, no gearing covenants, cash of at least 5p per share FFS and Brexit currency swings in favour of Amer, POO looks like a slow burn back to $70 next 3-4 months. 20p What a Fecking Liberty. Great week to be off work ill with the flu, luzzin it. HNY See table below Dec 17
BLOCKS (Amerisur working interest) Proved
(1P) Proved & Probable
(2P)
Platanillo (100%) 12.84 18.95
CPO-5 (30%) 0.79 1.3
Mecaya (58%) 0.31 0.45

Total 13.94 20.70

Even allowing for production 2018 1 P reserves Min 40M worst case.

In Oct/Nov I made around 15 posts on CPO 5 flagging the delay was hiding a find, ONGC dragging feet to orders no RNS etc designed to rob RH of it and get the ducks in a line, BUT never/ didn't dream it could be this big. I checked your calcs even if you take Indico 209f, less recovery as water injection might not be so free on success a large mass, say 40%, take $5 will lower POO, use discounted cashflows, lower PE and higher Royalty Tax rates - IT IS STILL Fing massive. I agree about the Col govt tweet, they need oil revenues now!!!!! - the President is waiting. I'm with you on all this. Just imagine Sol 1 coming in, Amer could back to back this with a $250m facility and buy 3-4 blocks in Ecuador on the understanding we will build a second OBA probably bigger linking Terceay Tachaco etc via PUT 14 and Cuaybeno. Paid for buy 2-3 producing blocks in Col . The business perms are out of this world. It will need more drilling to prove up the case, so I think a second rig will be brought in NOW to keep the President happy. Think if we keep him happy on CPO 5 what can we get in return from the PUT Basin CONCESSIONS and Ecopetrol freeing up blocks for us !!! TRANSFORMATIONAL B FECKED. HNY

Full year sales - with more Oil in the mix to gas could be $1.4bn, with fixed costs like Dep'n & Amort should have better recovery on absolute volume and debt down - 2018 Full year should be good. Fingers crossed. Agree with Solan GB1 , there's +10kbop to be had next year bridging decline rates, keeping the business growing. So good news line up next 2-3 months. GLA

CPO5 needs a Multi major to develop this massive field with pipelines, roads, power, storage the whole Kahuna, there's comes a point where you can't sell this at the well head i.e 30kbopd , we are an E & P Co but I can't see Amer committing to 30% of +$120m on CPO 5 infrastructure, A- When we don't control it and B - which is Non core to the corporate strategy and would be detrimental to the PUT basin + 1m acres and growing. However IMO the next 13-5 mths ARE OURS TOO ENJOY - to value the thing up and experience the SP Nantucket Sleighride, max output and block value and get our PUT output up plus 25kbopd, if there is a sale, then there's your share buy back and + guaranteed divi for years and we would have turned the transformational discovery into cash. IMO DYOR. CPO 5 will fast track our SP even quicker when analysts work out its true value. HNY Get drilling. Imagine putting +$250m net cash (After Tax etc) into Amer what we could achieve!! CPO 5 is the first massive step to Amer becoming a £1bn company.

Gents I totally agree, keep it 100% correct and fully explore it, however, I think ONGC will want the minority play taken out, only and only when JW has shown them the full extent of the block. I'm not advocating a sale by all means, I don't think we have the power to hold off a National, if that National has a plan or OXY could take out the 100% - really hope not. GLA Yep keep it if we can, personally I'd love it but it's too good for ONGC to lose 30% and or OXY to miss the 100% ONGC need the cash - knock out offer say +15-18mths 1\3 through the project so they keep that upside of the remainder - IMO DYOR

Whilst CPO 5 is potentially an exceptional, superb asset and conduit for further Amer growth and quickly remedies out lack of Reserves and output, it is a truly TRANSFORMATION discovery, but not our core business strategy, see Interview with GC but importantly look at the opportunities we have, Are in the Put Basin, they are as big, or potentially even bigger in a combined manner but longer lead time. That's why CPO 5 is a diamond of a find, bridges our development gap lead time. Probably brings them forward +2 years.

The major reason Oxy invested in AMer is the opportunity to exploit the potential reserves and their cost effective evacuation of Col Oil through Ecuador system. We have +1m acres in the Put basin, the capex E & P commitments are probably +$120m, even after the farm out. We are still WIP, need to grab blocks in Ecuador and partner ONGC, need to get output capacity of the OBA up to 50kbopd and build a second pipeline thru Put 14 to flush out Terecay thru to the Cuaybeno in Ecu. We need further drilling north Pintad1 Put 8 and sort out Put 12 which is 50:50 with the Argie partner. At the same time tie in the Mecay block with proven reserves - more infra-structure. After the initial progress we can they pay a sustainable increasing dividend. With regards to a takeover, Minchinko are there for a purpose no cheap take out thank God IMO DYOR. There is so much clear progress to be made and existing investment opportunities in our primary blocks - CPO 5 is the perfect bolt on answer to accelerate all these plans, it de-risks our expansion in Put basin thru to Ecu and accelerates forward all our plans, with the exit option only after we have built up our own Put basin output and reserves. As soon as we kick start the fast track 2 rig drilling in CPO 5 we need to get back focused on the +1m acres ripe for development. Amer is in a superb place (ENVIABLE) we have two aces up our sleeve with a potential third in Ecuador to come next 3-4 months IMO DYOR. GLA GTE, would give their right arm to have CPO5 - and as you guys on the BB it is NOT IN THE SHARE PRICE!!.

Just a foot note, GTE closest blocks next to us are PUT 31 & Alea 1848c, they are undertaking 3d Seismic Alea, but Put 31 has implications for Plat block, Note GTE June 18 - During the three months ended June 30, 2018, we acquired additional working interests in Alea1848-A and 1947-C for total cash consideration of $3.1 million, which increased our position in these blocks to 100% and expanded our exploration opportunities in the Putumayo Basin. I believe these were acquired from a part Vetra Consortium. PUT-31 BLOCK Above PUT 8 contiguous to North Platinillo

GTE 100% of PUT-31 Block in the Putumayo Basin - NOT MENTIONED IN GTE DEV PROG YET - hold up your sleeve. The block is interpreted to lie in the sweet spot of N-Sand play fairway in the Putumayo. GTE & AMER Shared Boundaries already exist and are being strengthened over the last 6 months. Check out the map- PUT 31 touches North Plat!! Down the road a link and the sweet spot could pass thru North Plat. GLA maybe in 6 mths.
GTE working West to East towards us.

The value of Vetras assets for sale will have fallen in the last 3 mths as POO fell from $85 to $52, NSE will not be able to raise funds at sub $70 to belatedly acquire Vetra assets, mean while the capex commitments (Like PUT 14) draw nearer. They are ripe for a deal with GTE and us in some form, now the OXY deal is in place. GLA

JW needs 6 weeks to gt the ducks in a row methinks !! Interesting to Here Ironveld goes. GL

According to Malcy JW is prepping a Roadshow and visit to the UK Mid to late Feb 19 including an Interview with Big M - So expect more RNS disclosures before then on all fronts. GLA Maybe - a presentation set out at that time.

One thing that will blow the Sp north is a similar results +6.5km away at Sol 1. That could be drilled by the end of Feb 19. That would re-define the scale of out is out there, it is drill ready, the appraisal whilst very important can wait, ONGc Indian RNS might get pushed into prioritising Sol 1 and if Contig, blow the market on this one. History is in the making here, time not to play safe go for it. If it's a bridge too far - doubt it, a second rig drilling the other 4 appraisal wells regain momentum and recovers production. They have waited 18 mths to drill Indico, get Sol 1 sorted now. Come on JW - push the button. GLA Powell from the Fed seems to have pacified the markets on future rates, US $ should calm , US job figures OK on growth, US - China talking this week, POO should slowly gain despite topsy API & EIA figures + before OPEC prod'n report 17th Jan and earnings season - JP Morgan 15th I think. Could be a good month, with more operational news to flow thru.

Amer PR ship in 2018 supported a shorting paradise, the BOD's stance (mainly because of RH) walked the SP down also allowing II's to get in cheaply and PI's to average down. So deadlines slipped, dry producing wells, a great distraction keeping the OXY deal silent and CPO5 needed probably more civils for its giant size. The BOD IMO DYOR now want to normalise the SP and turn the PR machine 180 degrees and facilitate a bull stance after a shorting avalanche of success. At 20p were are still massively discounted post RH, there is still much operational developments yet to be revealed. With RH gone, financial support from OXY, increasing production from CPO 5 and transformational reserves enhancement - dividends could start to be muted for 2019. GC will be due his annual Core finance interview with Malcy and he needs to deliver clarification of a number of fronts Pintad 1, Put 8, RODA, Ecuador etc etc. So IMO - Sporadic selling and profit taking will always occur, but if the PR Ship has now changed course, they might actually promote the company for once rather than taking it down all the Fecking time and get this stock on a sustained bull run and earn some options FFS + We might ever get increased notification holdings by II's !!!! IMO Amer is hugely undervalued IMO DYOR , we now have partners to bolster our capex commitments, our biggest weakness is Investor Relations and that's reflected in the current SP. GLA No debt, positive Revenue Reserves we can pay a sustainable divi, unlike many of our peers, so a multi bagger in time, if promoted properly. IMO the real improvement will be in the BOD stance on PR and take care of investors expectations for once, with RH gone this must be a priority.

Understand, I need to get out of the bunker mentality, appreciate your time. GLA GN