I think that was a correction to the Monday RNS where 1c was missing. I imagine the 17,641,689 share holding remains correct, and not the lower figure released on Monday.
RE: Capital Research and Management1 May 2019 11:16
Are you sure ColonelDrake?
On the Major institution page they were showing 25.2m shares at March 31st. I have no record of them appearing in the Selling list prior to this month either. Unless I have a made a cut and paste error, they sold in April.
ColonelDrake, for the slow guy in the class could you explain how connectivity is proven or even suggested from the well logs/flow tests? I'd be very interested to know what they want to see when trying to prove up connectivity between resources. I've tried to research this online and anything I have found on the subject has been extremely technical and a simpler explanation would be really appreciated.
RE: GTE Amer3rd party Oil sales- Speed20 Mar 2019 09:08
I'm surprised GTE could RNS their purchase of Vetra's 50% in PUT 8 without Amerisur's right of first refusal being resolved. I don't recall any reference to it in their RNS either. Seems pretty embarrassing from their side. Stifel's estimate of a 1.5yr payback sounds like good value to me, pleased with acquisition.
I think this is one of the reasons Amerisur went for OXY as a partner in the Putumayo. If there is lowball bid from an interested party it is a good idea to have another interested party with some financial firepower to counter the offer. Hopefully the assets will be in a more developed state before any initial offer arrives.
A no deal brexit would likely see significant pressure on the pound. For that reason having a business that sells its product for dollars should make it a safe haven from Brexit. That said if there is a general sell-off we could still be caught up in that. Personally I see it as safer than having money in the bank held in Sterling.