Member Info for BaysilHope

Thank you for your time and post very interesting, I share the possible outcome, mega reserves potential , news will out soon, most other Oilers would be banging their gums about this discovery, we have a different wait, but news soon. GLA

Been bugging me a while - to calc reserves you need to understand the booundaries, we knew M1 was off line news wise to shaft RH, but still we don't understand the volumetrics - Quote Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to announce that well Mariposa-1 has been successfully drilled to a total depth of 11556ft (MD). Analysis indicates the presence of approximately 120ft of oil saturated net pay in the Lower Sands Unit 3 of the Une formation. In addition, good shows of oil and gas were encountered while drilling this section. The Operator, ONGC Videsh, is currently conditioning the well to run and cement a 7" production liner in order to initiate the testing programme. No mention OWC just total depth??
Then next - The well Indico-1 has now been logged with a Triple-Combo wireline logging suite from Schlumberger. Initial analysis by the Company indicates that a 283 feet gross, 209 feet net, oil column is present in the LS3 formation. The LS3 unit is a high quality sand with some shale intercalations, principally towards the base. The LS3 unit sits upon Palaeozoic basement. In the Company's initial analysis, no Oil-Water-Contact ("OWC") was detected in the wireline logs acquired to date, hence the base of the oil column encountered at the Palaeozoic level represents a Lowest-Known-Oil for the Indico structure. Surely there must be an update before Qtrly production update FFS. The reserves impact could be huge, need to drill SOl & Aquila soon.

Why not Jan 19 US earnings season, what a bounce. Can't wait HNY At last Trump curtailed. Thank Fk

Sorry last bit to finish - Happy Xmas all & HNY GLA Got to sing in football mode Walking ina Winter Wonderland !!

Vetra deal is a no go
New stratus Eng is a no show
Put 8 is OK and can be drilled today
Walking in a GTE wonderland

GTE will be a partner
Selling oil thru a charter
Plus 4k a day at $5 we say
Walking into OBA Profit land

Pinta d is a dry one
But pumping Oil like a fine one
650b per day we’ ll store cash away
Working through a Pintadillo Oilfield plan

I must get that Fing song out of my head.

Ecuador are you listening,
The RODA upgrade is a glistening,
We coming in May to take more blocks away
Walking in an Amer wonderland

ONGC are you testing
JW’s team are a listening
10k a day will do alright we say
Walking in an Amer wonderland

OPEC are you listening
Get those cuts now a quickening
Shale was OK now doom it today
Walking in a POO wonderland

City!!! It's the other half FFS. La La LALA

Quote, add Canada 1st Jan 19 - Canada Alberta - The province said it will order the suspension of 325,000 barrels per day or about 8.7 per cent of overall oil production for about the first three months of 2019 before reducing the cuts for the rest of the year. The cuts only affect producers with more than 10,000 bpd of output, limiting curtailments to about 25 companies, mainly in the oilsands, starts 1st Jan 19

“Based on available figures, we have around 26 million barrels of surplus ... compared to 340 million barrels in early 2017,” Mazrouei told a press conference in Kuwait City.
“I think that we can easily do with this surplus and reach market rebalance in one or two months... in the first quarter of next year,” he said.
Mazrouei said that there has been higher than anticipated supply on the market in recent months, as US sanctions on Iran have had a less pronounced effect on the country’s oil exports than had been expected. “If the production cuts of 1.2 million barrels a day is not enough, we will meet again to see what is enough and apply it,” he said. GLA The Deltas will have maxed out soon.

Get it now- JW & Llanos FFS - Just quotes for Info - Dr Wardle first arrived in Colombia in 1994, when he was working for BP Exploration Colombia, and subsequently was General Manager for Emerald Energy in Colombia, where he was responsible for the discovery of the Campo Rico and Vigia oilfields.
The Campo Rico Block currently contains six oil fields and the major producer is Vigia Sur which came on-stream in 2013. Oil produced in this block is processed at in-field production facilities before being trucked to the nearby Santiago field where it enters the pipeline network. The Campo Rico, Centauro Sur, Vigía, Los Potros, Las Acacias and Vigia Sur fields lie in the prolific onshore Llanos basin, in the east of Colombia. The Campo Rico field structure is a tilted fault block formed by normal faulting. The principal reservoir is the Eocene Mirador formation, which exhibits high porosity and permeability. A secondary reservoir is the Cretaceous Une formation. Both formations are sealed by the Carbonera formation shales (C8). The principal source rock is the Gacheta formation. Oil is also produced from the Mirador at Centauro Sur, but at Vigía, the oil is produced from the Une and Lower Gacheta formations. Llanos basin of Colombia has reached its target and is now being completed for production.
The well was drilled directionally from the Campo Rico #1 well site to a measured depth of 11,287 ft and encountered the oil-bearing Mirador sands approximately 2700 ft to the NNE of the Campo Rico #1 well.

After completing Campo Rico #2 and #3 the Parker 222 drilling rig will leave the field to drill the Vigia #1 exploration well, also in the Campo Rico block, and the two new production wells will be tested and brought onto production through the expanded Campo Rico production system. Alastair Beardsall, Emerald's Chairman, said: 'The successful drilling of the third well at Campo Rico has completed the initial development of the oil field within ten months of its discovery last March. The benefit to the Company of the recent capital raising, which gave us the ability to accelerate our drilling programme, will be clearly demonstrated when production from the two additional Campo Rico wells starts as expected by the end of February 2005.'
As Venessa Williams sings - Save the best for last - We have a Megaladon here no doubt. Two things, you reap what you sow and 'All good things come to those who wait. I've been too long baby.., GLA

IMO DYOR, ONGC & Amer were probably shocked at the success of M1, realised thru their learnings, this was a lot bigger than planned. We have not Marketed M1 at all, + deliberately suppressed reserves by the only non controversial manner, keep it on test so you can't disclose reserves. Even at the expense of shareholders in 2017 Reserves statement and shaft RH. Can you imagine if they put the PR machine behind this !!! It will take more drilling but M1 treatment is key, they've supressed the Reserves simply because its so big and did not want to give the game away. IMO. IN more normal conditions other drilling would have been accelerated, but ONGC & Amer seem to be working the same time line, one to destroy a disgruntled shareholder - the other to prove a point to the group holding company. In my experience you can't keep a lid on bad news, you can however disguise huge success but only to a point. Think about what we know - Which is very little about CPO5 500k acreage this could be Col's small Permian but conventional. IMO DYOR I think CPO 5 - not just Indico is a monster and +3 more drills we will know. GLA HNY Remember Up dip and Full to spill and in beautiful sands with great porosity - that's me about 11pm tonight.

And we are up!!!!!!! and stable. There is a sea change here, hopefully supported by something huge. GLA What a turnaround as all AMer news now will be positive especially RG gone. Luzzin it. Shorters burning - draw nearer - draw nearer. Yes they held out for EIA build and Fed rate hike, no now more bad news.

Listening to his speech - glad Fed showed independence and declined Trumps pressure to hold off. I think the tide is turning slowly on Trump, he's had a free ride for 2 yrs great - now time for KSA + Russia start cranking the PR POO up.

PMO achieves a further modest $800n debt reduction say over 2 years, surely a buy at 59p when POO $55? A Xmas gift methinks GLA

CD - I've learnt a lot, thanks you sharing your insights, I'm no trader obviously, I buy into Amer & PMO on fundamentals, but please keep sharing, I see your busy on PMO, I'm keeping quiet but totally share your prognosis. Cheers. GLA and it should be HNY.

Remember GC over a year ago stated they would NOT move others Oil until RODA has been MOT'd , sorting out leaks, measuring systems and metering pipeline losses etc etc. This must now have completed and the RODA system trusted to take that risk. This is another major stride forward and who's Oil will we shift, interesting the supply side agreement before the front end sales RNS. Be interesting to note the next RODA pipeline capacity upgrade plans for 2019. GLA IMO DYOR - JW GC are critical in developing the Col & Ecu pipeline highway - structural deal wise, same with CPO 5 - there is TOO much work in progress to be done - so we should only become a takeover target after those various integral processes nears completion. i.e acquire the finished article.

More news to follow, I added yesterday modestly and can't wait for actual flow rates and other ground breaking info that's about to unfold. Fingers crossed

Good post, its a shame our day in the sun with Indico is tainted by this contrived Oil Bear Market. Not long now and things will normalise, at $56 Poo new major Oil projects will get sanctioned and forget the Shale DUCS shake off - Old Chestnut - at the well head discount - 'Cheap as Chips' GNA Fed Rate hike, crying like spoilt kids FFS look at Venz the US has caused +100k % Inflation Oil market forgets outages as long as the Short stays profitable. GL.

Thanks PP for your kind words!!Lol , off this afternoon booked a ringside seat to watch the EIA results come in, I had $20 a draw 4/5 on. Listening to Bloomberg its All ABOUT SHALE even with limited pipeline capacity FFS!!! Deceptacons, smashing the KSA internal budget which was set at $80 POO, Recap - We are where we because of the Iranian Oil sanction bluff Cove, the SANCTIONS WERE FAKE NEWS!!! when the US back tracked on its word - Note KSA and Russia now better understand how much High Oil is MEGA BAD (Politically) for the US that could TIP their economy and also be great for them, OR Feck the US over whilst meeting their internal budget targets, I guess that's the plan.

EIA a modest draw but a draw. With all this new investment in Colombia, the quality of life including marginalised peoples will improve massively as properly governed investment delivers, look at Amer community investment giving skilled jobs to locals and training. No mention of the peace process which has allowed infrastructure projects to get underway which were the bain of existence for the locals and pipeline properly built will reduce pollution and improve transport issues. Trade in the gun for a plough and grow smart, peppers not coca, but whats Wall St going to do then, without the right stuff. Amer has held superbly with POO under $60, that says a lot for whats to come. Can't wait. Booked the seats at the front aisle and ready to rock. Had to add today and to the C Drake added PMO HNY

This is NOT 2016 when the KSA Russia kept pumping, Shale is back but the US obviously don't like it hence the WTI over supply, China will start buying US Crude again as long as trade resumes. POO IMO DYOR nearly bottomed or they just shut the taps FFS!!
Quote Crude +3.45mm (-3.25mm exp)
Cushing +1.063mm (+1.3mm exp)
Gasoline +1.76mm
Distillates -3.442mm

API build - load of - just testing EIA key, bad start tmz HNY GLA