Member Info for eldorado1909

Ironic that Cuadrilla got approval for FRACKING yet we get turned down for a conventional well which is ready to go isn't it! IMO a lot of the problem on that council is simply the green eyed monster - they don't want investors to make money, pure and simple.

disappointed with what's gone on here. Given the incompetence and obvious toxic nature of the council not sure why you would choose the put any faith in the company making a go of Wressle now. That of course leaves Bisca. Absolutely no news on that front and as always with a small cap oiler you have the constant threat of another placing. Will have to consider carefully whether I leave a position open here in the hope Bisca goes ahead or whether I simply cut my losses with a 30% loss. Currently leaning towards the latter.

Ultimately another lesson for me not to go back into a share I've already had a profitable trade on. I've done that twice this year and lost money on both. I should have moved on when I sold out at the top of the post placing spike, but as always greed takes over. I feel for those that were sucked into the post placing hype and bought in at 0.12-0.13. Of course, those that ramped this for all it was worth after the placing are well gone now having made a tidy profit. I guess we all should have smelled a rat when those daily 40k sells were going through.

As always, the market gives you exhilerating highs but absolutely crushing lows.

drip, drip. I am wondering how far down the seller is willing to push this, because in the absence of any buying pressure it seems it is just going to keep dropping 0.1p until they stop. Anyone on the sidelines is going to hold off buying in until the bottom has been confirmed.

Feel a little stupid for having bought in at 4.15 now, since I thought 4p was going to be the bottom and it would bounce back up from there. As EB said, its death by a thousand cuts here. Currently almost 10% underwater, and this is cancelling out any gains I make on profitable positions elsewhere. I wonder where the price will be at the end of the month when news is due?

Not been in this share very long, but the seller is already trying my patience. Not sure how people who have been holding this long term and have already seen it pushed down to close to 3.5p have managed to hold through this tedious downwards drift.

to 3.9. This seller is a pain in the arse!

I'm in AAOG at the moment as I see better returns there in the near-term. So far its performed better than UOG since I sold at 5.4. I won't come back in here until I sell there, regardless of what happens here.

Perhaps the seismic results are about to drop. Then again, perhaps they are not. Like I said before, in the absence of news I expect this to drift.

How much overall? As far as I can see it will probably take about 450bopd from the total, since last month 22 was pumping between 650 and 300. I expect us to be close to 5k overall, perhaps something like 4800 per day.

There was a pretty significant buy yesterday after hours

30-Jul-18
16:35:01
14.69
1,520,000
Buy*
0.00
22.50
223.29k

Why would someone be buying wholesale like that if poor figures were imminent? They wouldn't have been able to sell that many shares at that price.

We all know it will take a bit of a hit because of the workover on 22. But if the overall production figures were similar to last month it would mean they've made progress elsewhere.

reading an article from 2017 in a Colombian newspaper, it seems Amerisur have been having some problems with indigenous communities over PUT-12. Wonder whether this has been resolved now?

Regarding the recent aquisition, I thinking this is very positive for Amerisur, because if you look at the map on google maps of the region this block has road access from the Ecuadorian side, this would allow Amerisur to develop this new block first before moving onto the Terecay block which is a virgin onshore field and seems to have the largest amount of assets.

is moving down on literally nothing. There's got to be some big sells going through behind the scenes because the way the price is moving is completely detached from what I can see happening on L2.

These are the targets which will really get this moving - potentially transformational for the company. These were earmarked for Q3-Q4 but presumably that is not going to happen now. Do we know whether the civil works have been started on these blocks?

back the RNS's, how is it possible that this is trading so low when Mariposa-1 flowed at 4.6k and we're drilling indico-1 on the same block which is targetting a bigger target? drill a gusher and the SP goes down?

Almost £250k worth of buys after hours yesterday. Yet this has dropped today. How is it possible? The SP doesn't seem to move in sync with the price action.

Is indeed impressive. But I've never said I don't think it has a good future. I'm just saying I see it falling back like it did last time. Nothing goes up in a straight line.

More like a buy. Maybe an II is loading up after finally seeing the potential here.

After hours, presuming thats what moved us down this morning.

Just my opinion. We'll see who's right over the next few weeks I guess. I'm expecting this to drop to 4.7 on the bid and 5.0 on the ask.

I will reiterate what I said the other day. The market can continue irrational as long as a compan's financial position or prospects are open to speculation. Thats why you get on the one hand UKOG, and on the other AMER. Both valued at similar levels once taking account of cash position, yet one is producing 5k per month, is profitable, has 1.3 billion barrels onshore of unrisked prospective resources, operating in areas where wells flowing in the kbopd range is normal, and an incredible amount of potential for increasing production through exploration in its acreage. The other operates in one area where its not even known whether oil can even be produced and wells have not flowed at any rate to get anyone looking at the situation logically to get excited. What will happen in the long run. Almost certainly the valuation of each will gradually come back in sync with reality. The catalyst for ukog will be disappointing flow results. The catalysts for AMER will be results of drills and the annual results in April. If all three drills over the next few months are successful - which I believe they will be - the SP will be much higher than now, and if tge annual results show decent profits, it will be even higher once again. Ask yourselves, where can you find a company which has 1.3 billion barrels to explore onshore, is producing 5k,yet only seems to be valued on its current 20m 2p resources, production and exploration potential don't seem to be priced in at all.

There are three massive pieces of good news AMER has had:

1) oil is higher than anyone could have hoped making the company creating cash at unprecedented levels
2) the civil was which made putumayo so inaccessible and dangerous is over - don't think people here realise what a big deal that is. Oil workers were one of the main targets for kidnap by FARC for ransom. This is an absolutely massive massive plus. Why do you think Ecuador's part of the same oil field is so well developed and productive and Colombia's isn't?
3) Amer dodged an absolute bullet in the shape of Petro who would almost certainly have done something similar to the Colombian oil industry as his close political associate Chavez did in Venezuela. With political stability assured the putumayo basin will be absolutely booming the next few years, just as the llanos did after Uribe broke the back of the guerrillas there in the early 2000s.

Because of the conflict, the putumayo basin is going to be one of the last low cost onshore fields to be explored in the world, and you are all worried because people are getting overexcited about shale oil which may never even be economically feasible and ignoring companies like this with decent assets.

As far as I am concerned this is a no brainer - buy and hold medium term and the market will catch up with the reality at play here.

I seem to have called it pretty much bang on so far. Give it another week or two without news and it will have drifted down to the 4s. I'm betting they won't release news now when they know there won't be anymore to come for a while. Like all AIM companies they need to keep momentum going. If they release it now there will be no news until the drill gets underway.