Member Info for Gibbo1066

To have endured all the pain thats come with CERP over the past few years only to dip out just before the news we have been waiting for since 2017.... I do hope you've made a mistake for all our sakes. Good luck with your investments elsewhere.

Interesting to see that Touchstone have has some considerable success in T&T, their acreage is adjacent to ours in some places. I'd like to think of this as a good omen, but the lack of news from Columbus is really quite annoying. Currently I'm 50/50 on good / bad... Still we are only just over 1/2 way along the transformational pathway, I'm in for the long run...I dont have too much of a choice. LTH for a very long time!

be interested to hear what BigMJ has to say about this, he seems to have his finger on the pulse of the board.

additional 49,551... thats my lot now.

a very carefully constructed RNS, sadly no huge Chrimbo pressie for us, but at least we know there is oil... just not how much and if its commercially viable. 2020 is going to be our year... maybe thats when we will hit 10p by Christmas.

err that will be SILENCE... not sure what Silience is... grrr

Not sure its good for my blood pressure, but I perversely actually like the total radio silence. No leaks, no rumours, NOTHING. Earlier, I actually complained on twitter directly to Columbus bemoaning the lack of snippets or even some ambiguous photos, I think I was wrong now. The tension is palpable, what it must be like for the people on site god only knows. It reminds me of the early films of oil discoveries... I just hope they've read the information correctly and we actually come up with the goods... only time will tell. DYOR.

thanks Neon... but whats your xmas prediction?

Whilst I would love to see 10p by Christmas, I think thats a little too high even for the SWP and its proximity to etc etc.... Assuming that we actually do hit paydirt with this drill ( I know its a mining term but you know what I mean ) I'd be really happy to see anything above 5p sustained. So, I'm going to take the first slot and suggest a 24th December closing price of £ 0.058 each share... anyone else want to join in. Winner gets a pat on the back.

Well done that's a good return. I'm going to hange on until the end, I dont think we have heard the last of this sale yet and am willing to see it through... after all thats what our board suggested!

Just sent this to the info email address:

Hello,

I imagine you will have a number of emails from disgruntled PI’s who have looked at Amerisur as a company with a good investment opportunity in spite of the markets determination to lower the share price to an unjustifiably low price of £ 0.12.

Its not so long ago that the board offered shares in the business at £ 0.25, yet now even after the excellent OXY deal, increase in bopd, increasing bank balances, zero debt, increased pipeline traffic and the ‘Ocean of Oil’, they have now decided that the company is actually worth almost 30% less.

I am not expecting a reply but, rest assured, I will be using my 1/1200th of the shares in Amerisur I own to vote this deal down. I know a great deal of other PI’s who feel the same and we may just garner enough support to show our board our collective disdain at their support for this deal and scupper this abomination of an offer. To quote our Baird... ‘something is rotten in the state of Denmark’

OK, I didnt need to add the last bit...

Careful Santina, they may just have a different investing strategy to you... it doesn't necessarily make them dumb, despite what you may think.

and my 480,000... most definitely NO. Makes a complete mockery of the Stifel valuation of £ 0.37 & if I were them I would be looking to find a way to re establish my credibility. I was insulted to hear the utter waffle about a 50% increase in value from the 12p prior to the initial offer. We had a fund raising round not so long ago at £ 0.25p... we are increasing our Bopd, estimated to be 6000+ by the end of this year, we had some $45m in the bank at latest count and a funded $100m agreement with OXY...and the board are going to recommend this derisory offer? to quote our Baird...'Something is rotten in the state of Denmark'

the lady isnt singing yet... I've sold a few, but will retain the balance until this is concluded, a bit of a damp squib.

Yeah me... 42k down. But I have faith in the current management....

Colonel... 1500bopd x $5 x 30days = $225,000 per month or approx $3m per year low end, not too bad a cash flow.
Gibbo

that was the feedback I got from the lady at CERP... waiting for management approval to make it official! As you will see from my comments, they are my suppositions, not official company comments.

LLL - I know, she was very helpful and offered to give my number to Tony for a call back. She then returned my call and updated me. Not long now to see where we are with CERP, its all very exciting, just not good for my blood pressure... rather like the lead up to last Saturdays game where we saw England out All Black the All Blacks!! I thought theyd change shirts... havent seen England play such positive running rugby for a good while... roll on this week.

just had a call back, its a bank holiday in T&T today. News will arrive this week... So if England can beat the Saffers on Saturday, could be a week that will be etched firmly in my mind, rather like the week leading up to Saturday 22nd November 2003...

Got bored and called the company. Spoke to a very lovely lady who was obviously cautious but implied news should be soon. I deduced that meant this week, but she would neither confirm or deny. So... IMHO we will know at some stage this week. All adding to the tension and excitement...