Member Info for BaysilHope

idea wild, Vetra could only be cheap to OXY a global player if Amer & GTE stuck no cash, they don't need it, to small, a drilling failure in PINT1 screws Put 8 !! . But to help out, only an idea Buy as an M & A and split to AMer & GTE, OXY keep the rest in the LLANOS and help Ecopetrol. An opinion - not crazy but accelerates Col oil development for all. Breaks the deadlock. We keep adding to OXy medium term take out.

Next 18 mths. End Hate to be short here on fundamentals. Dividend next year after $100m Capex sorted with OXY and IF CPO5 comes in. GLA GN Tired now. Amer out put in 6 mths +15kbopd simple.

When I said 2nd OBA, these field develop like an Artichoke, out layers but the fruits in the middle. PUT 30 as with CPO 5 no talks of because of Management and RNS blackout, sit directly above the OBA is denser in Oil than Llanos check it, no point developing until exit routes done, Quote Putumayo-30
Put-30 covers approximately 38,514 hectares and lies within the Putumayo basin, approximately 55km to the north of both the Company's 100% owned Platanillo field and 60% owned Put-12 Contract.
The block has cretaceous potential and is a recognized Tertiary play concept. The Company will explore to evaluate the potential of producible heavy oil deposits in the Neme formation. In December 2016, Amerisur acquired the outstanding working interest in the block from Talisman Colombia Oil & Gas Ltd, thus holding 100% and Operatorship. The block has unrisked prospective resources of 449MMBO.

Latest Developments
• The Consulta Previa process is in progress and is expected to be completed in 2018

POO volatile until Dec 6th OPEC, medium term, POO below $75 will hurt large scale exploration, I kept thinking with world depletion rates at say 4% where is this playing out on the world macro stage, ignoring outages. Obvious = is the non existent spare capacity of KSA & Russia say 2mbopd and then the excessive Capex to maintain US Shale which would fall off dramatically due to sweet spot over played degradation and High depletion curves for lateral field drainage. So everyone criticises Plat field - welcome to the jungle, its done its job of growth and allowing AMER massive oppos Get this in prospective PLat was say +25MMBO 50k acres trucked, where are we now in terms of potential, off the charts, its the legacy traders and shorters are killing this investment, short trade on an indebted Co FFS and Pixx off. Last point IMO DYOR I think Pint 1 drilling is waiting on a PUT 8 Decision, if we get it we drill Put 8 from Plat West. GLA, even if we don't operate it.

No doubt the exit route for Col Oil into Ecu is the key Driver here OXY Ecopetrol GTE AMER , we own it, the OBA and stamp authority on it far more when we secure control of the pipeline maint'ce in Ecu. See article which Applies to Ecop & OXY, pipeline options and security - OBA limits when you add - PUT 9/ 12 /( Mecaya PUT 8 & GTE vertical and to the West = 50kbopd, Terecay tacaco +1m acres would need a second pipeline - into Ecu at least 50kbopd would dilute the supply risk and handle capacity. Amer Couldn't say this in a news RH blackout, Peeps thinks usis stupid. Not now - Quote Feb 18 article - IMPO believe Ecop will talk to Amer about Put 13 - which sits directly below Terecay and would be needed for a second pipeline. Quote Colombia’s Oil Industry Faces 3 Big Problems, Feb 18, Colombia’s beleaguered oil patch remains under considerable pressure. Aside from falling investment and a lack of proven reserves that has led to fears that it only can support another five years of production at current rates, it continues to experience considerable disruptions and outages. That includes the recent bombing of the all-important Caño Limón pipeline, which connects the Caño Limón oil field operated by Ecopetrol and produces around 50,000 barrels daily to the Caribbean port of Coveñas. In early February 2018 another bomb destroyed a stretch of the pipeline, extending an already month-long stoppage caused by earlier attacks. This has taken 210,000 barrels daily of transportation capacity offline, impacting Colombia’s already declining production. It’s difficult to determine when Ecopetrol will be able to open the spigots and recommence pumping at those oilfields. It will have a sharp impact on its 2018 performance because the three oilfields combined are responsible for around 212,000 barrels of daily oil production, which amounts roughly 30 percent of Ecopetrol’s total daily output. This doesn’t bode well for the company, especially as it battles a range of preexisting issues like dwindling reserves and oil output. This latest development, along with oil’s recent weakness, caused Ecopetrol’s stock to fall by 8 percent over the last week. END We both need each other Ecop & Amer - mission critical projects. With OXY behind us - the BB;s need to get used to that,not RH dominated shorters BB. FFS More +ves to come. Think Indico using monster drill, 350ft per day add 4 days for casing, rig 31st Oct, spud 3rd Nov, we should hit TD next week, RNS 5th Dec on depth news, output news add 3 weeks just before the year end IMO DYOR GLA HNY. I could be very wrong, but IF Indico is UP DIP shallower add ONGC +AMER have had +6mths to get the location of the drill correct - under the darkness of GREY RNS's. News soon. Fingers crossed.

Post deals, JW will monetise CPO 5 for the betterment of Amer AND TO MAX EFFECT , Geopark 20kpod for Llanos gross, if next 3 wells come in we could be at the level, with +400k acres to go. CPO5 after next 3 wells come in IMO greater value than Amer post OXY deal now. That's why the -ve brigade hang around dropping this at will. Not for long. The OXY deal is for free. HNY GLA

The last 15 months has all been about keeping the best secret safe, derive RH and JW find the best route to monetise CPO5 block for Amer and the BOD when they are stymied by a 30% WI. Exact control over ONGC key, delay drilling as the extent of the discovery needs to travel behind closed doors and not to market. So IMO I think the $93 OXY is the JW dividend for Maxing the M1 find and not be a BUSY BUSY $100 capex fool like Geopark. . He could, I think big Guess - have found one of the LARGEST & most recent discoveries in Llanos, kept it quiet with grey disclosures until ALL M & A done. May pres slide P14-15 - Aguila target goes up to 20mmbo, also a 30km synerenic fault ' Ubiquitous through the 500k acres of CPO 5.

When the BOD removed ALL CONTECT and buried CPO5 in the delayed compartment, it give time to reflect in what we are dealing with.Brief History of Llanos 34 Geopark, hamstrung with a 45% WI, busy busy, Quote'Tigana Sur 1 exploration well in the Llanos 34 Block in the central Llanos basin in Colombia. GeoPark operates and has a 45% working interest in the Llanos 34 Block.
2013 Tigana - GeoPark drilled and completed the Tigana Sur 1 well to a total depth of 3,692 metres. A test conducted with an electrical submersible pump in the Guadalupe formation, at approx. 3,522 metres, resulted in a production rate of approx. 1,597 barrels of oil per day (bopd) of 15.3 degree API, with a 0.2% water cut, through a choke of 9.9 millimetres and well head pressure of 314 pounds per square inch. Further production history will be required to determine stabilized flow rates and the extent of the reservoir. The Tigana Sur 1 oil field discovery is a new structure located south of and along the same structural trend as the Tigana 1 oil field discovery tested and announced on 11 December 2013. 2014 : Since taking over the Llanos 34 Block with no production and no reserves in Colombia two years ago, GeoPark has grown production on this block to approximately 20,000 bopd gross. In 2014, GeoPark is carrying out a 10 well drilling program on Llanos 34 Block, as part of an overall 18-23 well drilling program in Colombia. NB AMer Mariposa smallest target 5kbopd on first hit, light oil 41api NO GAS low cost, no light and CHOKED DOWN TO 3K. Part 1 of 3

Couldn't sleep, had to put this idea down. Couldn't work out - Why obviously delay and obstruct Indico and 2 other wells in that block and then the Oxy deal out falls out of the blue. . CPO 5 is 500k acres, Llanos 34 - 83k. JW made an important discovery in 2016 in CPO 5 and put forward that the synthetic faults of Llanos oil fields migrate into CPO 5 which is 7 times larger in area than the LLanos 34 which produces 55kbopd and produced 50MMOB to date. ONGC historically had a CPO5 pup on their hands, with 120MMBO unrisked and 2-3 shocking well attempts. JW turned that around with M1 and he said this is a very important discovery. CPO 5 3D Seismic North is incomplete, as with 2D seismic South East. JW & GC I assume would have great influence over ONGC in Col after this Mariposa break through and news travels. CPO 5 IF proved up would be of interest to an Oil major. Oxy need new grounds for development, IMO DYOR Amer's operational capabilities and Mkt Cap has been discounted, in the main by the weight of the legacy contingent FORWARD Capex liabilities. The Oxy deal swipes that off and gives $100m immediate flexibility to pursue further acquisitions, options etc and is really +10p per share. Amer's 30% of CPO 5 is a potential IN for OXY & JW can get that kind of deal across into ONGC and JW holds the key expertise to open up that massive potential play fairway, IMO Amer are quasi operators of CPO 5 and the drilling delay proves it IMO DYOR . Hence he could hold the drilling out and add an indirect sweetener to the Amer Oxy deal, ONGC happy as they could be taken out by a major. To do this, drilling Indico needed to be off the table for 3-4 months. Now that's done I would expect CPO5 to move at speed. Also drilling of PUT 8 came off the table, saving $20m when combined with delayed PUT 9. That's $20m for acquisitions, drilling can come later.

So look at the May 18 promises for drilling, and the failings - IMO Amer must have been approached by Oxy in June ish, so all drilling ideas stopped, as Amer could pursue much needed acquisitions and funding to complete the portfolio with enhanced magnitude, PUT 14 & Mecaya are a start, I would expect with the $100m uplift, PUT 8, a % of Sur Oriente from Vetra to add output and reserves say $25m, a deal with PLus Petrol on PUT 12, their 40% say $15m plus over riders and the money saved from drilling, say $25-30m ready for Ecu blocks in Q1-2 to cement the control in Ecu for the evacuation of Col Oil, which OXY would need. Then we drill our stuff. If all 3 CPO 5 wells come in this SP would blow as there is IMO the makings of a potential CPO 5 ONGC deal being discussed now. HNY Back to Bed,need more info. So OXY could get first crack at CPO5 with Amer's 30% vote. Yhey would need JW for its full potential. GLA

Surely!?

There's the 8,125k JW - That's a big buy. More to come?? Well done JW mega confident in the future no doubt. GLA off to work.

Reading the Co pres, the 5 drill carry excludes Terecay 500k acres ??/ , 3 drills in Tacacho where the 560k acres are at the extremities of the portfolio and not at a core distance from the OBA and RODA. So their position is really pure Exploratory, which frees Amer to consolidate the core blocks and supply route. I would expect news on the next phase to increase the OBA capacity, some of which I think = modernisation is already done. After a 6 mth news black out, more to come here with Oxy over looking matters. GLA

I did say he was a surface to Air NED He's not admin for sure but as was said operationally, International and Expertise at deal making. The guy I'm disappointed at is Snow, but maybe we are still Work in progress, I think it is now safe for Amer to take some debt on now contingencies have reduced and finish off more strategic acquisitions with producing assets, as did Geopark. This maybe where Snow gets the input. GLA

When you revisit the Put Oil blocks map, it becomes apparent how good this deal is for Amer. All 4 blocks are second tier in proximity to the Ecuador Border and potential oil exit routes. The importance of PUT 12 & 14 becomes more prominent, as Put 9 and Mecaya, sit directly - vertically North of Put 12, the future exit route south. Also Terecay sits vertically North of Put 14, so Amer have preserved their backstop ransom strip territory borders with Ecuador. Geopark bought $52m of assets from Pluspetrol Argentina, they own 40% of Put 12, where the seismic has been processed. I wonder whether Amer could now pursue the 40% our partner holds and or Put 13 from Ecop over time. This deal is no doubt transformational and frees up much needed resources to accelerate the enhancement of the entire portfolio. Still no news on PUT 8, NSE will be publishing their qtrly MI next week - last was 28th Aug, Vetra deal?? . All of a sudden the breaks are off and at last Amer is starting to find the much needed SCALE of operations. This is One Mother of a leg up and I think beyond our, certainly my wildest hopes - so soon!! So what value does this deal put on better located blocks?? PUT 12 has prospective resources of +200mmb Fingers crossed on CPO5 that really would be HNY if it comes in as we hope for. Exciting times after a dreadful 6months . GLA.

Without an Exit route, these difficult blocks would take time to develop as Oil exiting via Colombian routes is congested and high risk, all eggs in one basket. OBA via Ecu desrisks production and therefore the focus for Amer must be get to the 50kbopd capacity in a wide range of investment options. Ecu want the tariffs and we need more operational pipeline control in Ecu, so ECU bid blocks next 3-6 months should happen m IMO DYOR. The Sp focus on Plat is a distraction, that's the past, always has been, investors need to embrace the sea change of operating momentum. It is the mega cheap deal acquisitions in the low POO cycle buys BUT THE exit route = the stroke of genius and AMer needs build on this breakthrough immediately. GLA This company, even with crap POO is way way too cheap.

Quote - it is easier to explain, - E. naucrates is a medium-sized fish which can grow up to 110 cm (43 in) length.[11] Its body is elongated and streamlined, and its lower jaw is clearly prognathic(it projects forward well beyond the upper jaw).[3] The jaws, vomer and tongue have villiform teeth.[3] The main distinctive feature to distinguish from other fishes is the oval-shaped sucking disc, which is a highly modified dorsal fin positioned from the top of the head to the anterior part of the body. To suck the life of the working part. The body background colouration is dark grey to dark brown, with a dark belly. A longitudinal stripe runs along the axis side of the body, it is always darker than its background colour with a whitish margin. The caudal fin is black with white corners. It is bascially sucking dry the host like a deceptacon. According to its maturity or situation (with host or not) the remora's diet varies, usually Amerisur shares. GN GLA HNY At last a game changing deal.

Agreed my man, the ramifications are huge, we go into local and inter Govt discussions with a Major backing, kicks down barriers. I'm excited, am real, know there's a lot of hurdles, but the BOD have delivered on this - their biggest Ever deal +$100m on side line acreage FFS - massive accretive value and we are SP hamstrung. As I said before Amer is carrying a PI Sorting sickness, a disease that has crept into the SP Profile DNA, it is for us to eradicate this sickness now and get this Mkt Cap to an honest level. Will take time and at POO under $60 - the uptake won't take long. There are more deals to follow soon IMO DYOR - GLA OXY need a trouble free route of Oil form Col to Ecu - watch the deal making bull dozers clear a path next 6 mths. 2021 exit rate Net 30kbopd anyone. CPO 5 yet to come in

CJ hope you are well, I think at last we have filled the God Shape Hole in our SP performance from the 2 year RH raids and shorting oppos. Hopefully we will re-rate in time as the other guys re-adjust. IMO just want the truth, good or bad and minimum games, hate the deceptacons, please just invest, yes volatility accelerate profit, but our Sp has become unhealthy, over crowded with greed and deliberate Platform 9 3\4 shite . The time must be now to go forward to better times , exploit our oppos and grow, we all get wealthy that way, even if there is the odd blip, but now the toxic mix of mind games - BOD included - we have had to swallow for too long. FFS HNY GN,

How's it hanging- well its not such a Black Friday - more a Blue!!. For a fecking change, after months of going backwards, just like the Tongan forwards. GLA

So as at 12p, US $ 1.28 Amer Mkt Cap $130m say take out cash $60m, leaves $70m, our back end - in the future- in the wilderness least cost acquisitions with no drilling, no tents no roads, toilets Done deal , $110m in value realised!! in evidence. The shorters have mentally abused this share for too long and when these muppetts wake up in time this will move well. I would expect AMER to advance in Ecuador soon to cement our capacity and grow it further with more substantial in roads, hopefully producing acreage in Mar 19. The BOD now have a clear path to allow RNS's now I believe without getting the scum taking us down, why no pick on a company with debt FFS. GLA Grub time - will enjoy GLA HNY