Member Info for BumblingFool

Nice update, CPO 5 starting to deliver on its potential. Actually finding the market reaction rather underwhelming.we should have been here following the Oxy deal. 20p+ short term more likely than not, but then AMER SP does defy logic regularly. Really nice to be significantly out of the red here!

I take it to mean there is 209 feet of net pay within a283 foot column

I noticed they are also a major shareholder of SMA as is Giles Clark who is also chairman

https://offshoreleaks.icij.org/nodes/10119104

Think we would all be happy to see 25 to 30p here! It’s taken all day to crawl back above 15p. Which is still cheep, any shares bought under 16.5 will ultimately see a tidy return. The wider market is very volatile at the moment, plenty of speculative opportunities which is probably helping to keep the traders elsewhere. Lots of news due here, Indico could be rocket fuel, T sands news would be nice too. 3rd October I think it was we were told further drilling decision in 4 weeks! So frustrating giving unfulfilled guidance, wish they would keep dates to themselves or at least be pessimistic and surprise with news earlier than indicated for once. It doesn’t inspire market confidence.

Thanks to the regular posters who ha=e provided mutch insight here. May you all have a great Christmas.

I’ve spent quite a while trying to figure this out. I was hoping 12 months would force an update. Haven’t been able to find anything clear on, I also couldn’t find any examples of extended well testing as long!

ONGC places Mariposa on LTT well over a year ago. We have never been updated on the test what they have done during the test, they haven’t perforated and more of the play and they haven’t updated the reserves. Expectations of timely updates and quick progress will lead to frustration and disappointment most likely. They will most likely plod along taking a thourgh long winded approach but results will out in the end and most likely they will be good!

I agree and I think it will now be the new year before our next update

14.6 was closing mid price

When I first bought in here, we just needed oil at 45 to cover our fully funded program. Today it’s back to 55 and our program is somewhat progressed, less than indicated but POO has been kind to us. Cash has been building significantly, our pipeline has paid for itself in savings and now it’s going to bring revenue as well! We have a much increased acherage, a great farm out agreement, an improved political business environment. I’m amazed we haven’t bounced back from the N sands disappointment, an update on the T sands discovery and ongoing test would be good, it’s somewhat overdue as we were told 4 weeks for a decision at the time. I’m guessing it’s not as good as first hoped or we would have had news by now.

Hi PP

I’ve been here a while, I think it’s poorly written and probably poorly researched maybe with some factual errors, but I don’t believe it’s fake. There has been other reports of upset natives regarding sacred lands. The company argues it takes its social responsibilities seriously and talks about it with pride at times. All oil exploration raises objections locally, there is also big money in this area in the drug industry which is being impacted by the government program which AMER are supporting. In doing so we make powerful, well funded enemies, I wouldn’t be at all surprised if drug money was supporting the court cases against us (previously reported). Over all I’m not unduly concerned but if we were polluting a local river that bothers me as it’s unnecessary and shows a lack of social responsibility and undermines our argument. I would like to think we can do more good than harm oil exploration can have minimal footprint while bringing significant local wealth, and as noted by another contributor the jungle is quick to claim back ground when allowed to do so.

Thanks for sharing this bakoven. It does not make happy reading. The potential oil wealth could address the poverty and the forced growing of coca, From this article everyone is seen as a threat though! I was most disappointed to read about Amerisur waste pipe contamination, this is totally unnecessary. I’m sure no investor would be unhappy about the use of funds to treat waste water properly!

They said there would be news on each layer and there has been. Obviously still testing so no news to bring.

When you say it’s just like BB. Of course you mean with tankers and commercial declarations

ONGC move slowly, and don’t seem under any pressure to report. They have managed and extrodinery long LTT. And this last drill went back and back before it finally happened. Don’t think I’ll hold by breath

I had been hoping to free up some cash to add here today but unfortunately the stars didn’t align for me. I think the update tomorrow will see a bounce.

Having carefully considered this in the past, I would say the chances of a Wednesday RNS are 20%.

Over the last 3 days. I was actually back on paper profit yesterday.For a share to make gains 4 days in a row is unusual especially when the gains have been significant. Hopefully hold out above 15 before next step up. 16.5 or better be Christmas hopefully.

Think you’ll get them away at that price today or tomorrow. Regret may follow by Friday though!