Member Info for cav45f

Interesting article about the area that we are in Reuters business.
Written by Cassandra garrison and marina lammertyn.
May be the people swapping debt for shares will use us as a vehicle to get their money back by developing these assets.
Sure hope so.

More dilution. However I believe in PL. He knows his stuff and is trying to build a company that can create value and a profit which is the only way that this share price can go upwards. Shame of it is that a profit of $10 a barrel on 2740 barrels extra per day with the oil prices that we have enjoyed would have covered the $10 000 000 now raised via dilution.
When I bought in at the 8 pence share raise thought that we would have been in able to produce enough to cover debt payments and obligations and the share raise was to exactly that , to raise production.
Argentina has been a difficult place to be ,so at least we are still in the game.
A big player seems to have got closer and not further away. They could have asked for their money back? Then what?
Came here from amer up the road , risky pickings in these parts. But management here I think are from a different school.
Hope so, here is to a brighter future for the company and for the people who work for its prosperity which should get us back up to where we were at the 8 p raise plus the 10 % spread!

Looking at Reuters and yahoo finance seems to suggest Amer are still active in pursuing new areas to develop.
Still unable to comprehend or accept the offer made.
Will see what a new week brings......

I have been a long term holder here and wish to thank everyone for their sharing of researched information. Has been a source solice at times of disappointing news.
I have for a while now I have been thinking that maybe cpo 5 is not a big enough find for ongc . Perhaps and only perhaps who ever constructed the contract between amerisur and ongc may have tied in amerisur to a highly advantageous position of negotioation. There for making the contract as valuable as the oil ,as it secures a privillaged path of ownership of the cpo 5.
Maybe a clever parargraph in a contract saves amerisur from the sad position we were in before the takeover news.
As covered on this board ongc may want to sell assets abroad, losses in venezuela ect,ect.
If amerisur sold off is other assets or in some way raised money it may yet become a producer of tens of thousands of barrels of oil !!! been a promise for sometime. Our management seem good at buying promises and optimism.
If they managed to get cpo 5 at the cost of selling other assets and managed to prove up 80 m barrels of oil the share may get up to where we would feel more vincated in buying them in the first place. There is obviously potential in time for more oil.
The management seemed to have failed us on occasion on the ground but have done well with contracts.
Maybe this time there is a possibility that they can produce something from the use of fountain pen and actually convert it a fountain of oil.
Really hope so this time