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Bakoven... you are posting links to data you clearly don't understand.
First you should look at the portfolio dates and you will see it has not been updated with November data.
Secondly, your comment 're foreign investors not needing to disclose is nonsense. This data is reported from the funds perspective and not Amer. All funds have to report quarterly under SEC rules.
You are starting to look foolish
It was pointed out that it was throughput and not production. Non of us know if it is accurate or not, but we will find out in Jan one way or the other.
If they can raise the funds I think the change in terms will be that Amer are the operator of put 8 (maybe with an increased %) & funds are ringfenced to ensure they can fund their share
Indico should be at final casing point any day now. Maybe RNS in the morning?
The links that DavidFDO provided and the link that Colonel provided are both the same source as far as I can see. So they are either both fake or both legit.
If you go to
http://www.controlhidrocarburos.gob.ec/wp-content/uploads/
you can access both reports from the same place
Didn't Eldorado sell all his hurricane shares last week after holding since 2014 as he was convinced was going sub 40p? Up 7.5% at 45p!!
Would the directors have been allowed to buy if they were aware that the T & U sands mapping was going to increase reserves significantly? I was surprised they didn't include this in the operational update RNS on the 21st Nov.
I agree with everything you say re exploration and reserves, but the oil price is key as well.
We are currently in a position where Iran is being sanctioned (not as much as expected) and Venezuela output is restricted yet despite this the price is dropping. I genuinely thought oil would stay above $75 despite the sanctions not being as severe as expected. Apparently Saudi are pumping more in November than ever before. This has to be to be to keep trump on side. Oil output needs big restrictions 2019 to push the price back up, but will Saudi risk annoying trump. Hopefully $60 is the bottom.
I think the herd are waiting to see if the oil price rises on the back of the g20. Trump seems to have leverage over Saudi following the Khashoggi murder, and with the stock market faltering, he is using oil price to tweet how great he thinks he is. Internally amer is going in the right direction, just need the external factors to do the same and bingo
I can only speak from personal experience, but In the closed period in the company I work for no one can trade under any circumstances during closed periods. Even in open periods I have to get express permission from the chairman. I can’t see them being in a closed period if a director has traded
Now we know that the directors aren’t in a closed period. Time for the main guys to buy some especially GC
There were 200k barrels in storage in the audited accounts!
Based on current drilling speed we should be at final casing point by end of November.
Mariposa took 14 days from final casing points to completion and confirmation of 120ft net pay.
By mid December we should know if successful.
ML
Thanks for getting a reply.
My theory now is that AMER were holding back on transporting oil until the pumping station was commissioned to benefit from the tariff reduction.
If they have stockpiled say 1500bopd per day for 2 months (nearly 100k barrels), then they will recover roughly $100k dollars of the $3.9m capital outlay from the delay.
However now that it is commissioned I would expect those throughput figures to start ramping up quickly. I will be keeping a close eye and buy on the back if they do so.
Maybe DavidFDO is rex harbour :))
Follow you now. I must say it is a rather incredible piece of research to come across such detailed info (that you would assume is confidential)
50cc are you saying you can't locate the file by searching on Google?
Just type in "produccion diaria nacional de petroleo fiscalizado 2018 20th nov". Click on second link. It shows it day by day in a diff format to that on the link.
It's def just one numbers. The Aug figures match within less than 1% of the oba figures in the rns.
If you look at the Nov figures nearly every day is 2.5k to 2.6k
It's seems clear to me that the figures are accurate and are real. They represent the volume transported through Ecuador that originated from columbia.
The only question for me is the reason for the drop. Has production reduced or has production remained stable but either being stored or transported without using the oba. There is no other rational explanation.
Nov figures seem to average 2.5k compared to the circa 4k before updates ceased.
Whilst it is concerning, what would be the chances of production nearly halving when it is spread across a large number of wells.