Member Info for IsaTrader85

If you post the same message 3 times over thats why people call you a ramper.

Bays there would be some investment required as the pipeline capacity is 50k, to double this to 100k would need additional pipeline. The pump capacity installed is suppost to be 20k so would need bigger or more MOL pumps to even get to 50k.

It's going to be a waiting game my friends, My average is 16.8 trading in and out for 4 years now. Also have a cheeky spread opened at 13p long, so doing well overall. Think we will be sold by Christmas, unfortunately for a lot less than all the LTH hoped, we all know the reasons why. The signs were there with regards to BOD about missed targets, but in balance they did pick up some great assets during the down turn.

Can't help but feel if we had someone other than GC at the helm we could of reached the fable £1 before Christmas, which alas none of us will probably never see now.

It's a good point that, clearly the reserves are massively underestimated, disclosing the reserves as they are is misleading at best? Will this only be revised once I2 is completed?

Surely this should of been released by now, it will be leaked soon enough at this rate - "Short term testing"

ONGC are clearly trying to depress the share price to keep CP05 costs low. Why else wouldn't the 2nd rig be there sorting I2 out.

I did say at the time that giving them 50% didn't make sense and there is more to the story, can see now why, they will have first refusal on other 50%, as ONGC will have first refusal on CP05.

This is all about maximizing the return, both ONGC and OXY now have to out bid each other if they want their specific asset if the other doesn't want to sell it, for OXY its about the OBA I feel, where with ONGC is obviously CP05.

I didn't understand it at the time, people saying "oh its so we have a big partner....." but giving it away essentially for free from the purchase price. This is the play that will give us the 35p+.

It's been a long time since my average (705k @ 16.4p) has been blue, nice to see Bays back posting too. For those who struggle to understand his scripture, think a little outside the box, notice a few of your predictions are coming true my friend!

GLA - Roll on tomorrow, after the weekend to digest and look at the fundamentals I think we will see a fast rise into 20p, and then who knows, we have all struggled with the markets valuation of Amer. There is a fine line between faith in fundamentals and stupidity. Maybe Val is up there somewhere looking down saying I told you so...?

There HAS to be an RNS tomorrow with regards to SOL-1, doesn't there? It's been on test for 6 weeks? Think this info has been held back, if it comes in better than expected could of been the trigger for the take over.

Finally.
Don't they have to declare what the offer is? Has to be 22p+?

Longest testing period of all the recent Wells.

Why does it take 26 days to test a duster... ONGC are possibly the slowest oil and gas operator in the world.

Me. 705,000

JTD thats what i'm thinking, I don't think we have the full picture yet....here's hoping we will partner Oxy in another block as a quid pro quo for Put 8 deal?

Time will tell. I don't know about you guys but i'm relieved that it just wasn't a duster. Think the pace of things will hasten, defiantly the bottom at current levels with massive upside potential...

$400m bid inc?

JP,

Look at the other deal in comparison , would of expected some drill commitments by them as a sweetener? We've just given them 50% for nothing in return except shared risk/capex?

Why do we need that capex for 20/21, I saw PUT 8 as having the potential to propel us to the 10k and beyond. Losing 50% of this area for the cost mentioned doesn't scream great deal to me? Unless there is some other deal in the pipework (new block partnership in the rounds ongoing?), no mention of OBA tariff payable, or some other news, just doesnt feel like a complete picture.... i'm sure it will become apparent. The money Oxy have paid out recently you would have thought they would of snapped us up now as most share holders would accept 25-30p+

Feel like this email isn't the full picture....doesn't mention OBA tariff...ect.....dare I say it I think the lack of director buys could be an indication that there is an offer on the table....!

Sorry am I missing something here?

We have basically given them 50% for nothing (beneficial) to AMER? Apart from splitting Capex costs?

Can understand bringing them in if they are willing to cover who block CAPEX (like the other blocks), giving them it for the same price we paid?

Sorry if i'm missing something, just expected to see more movement here this morning.

Does this accelerate the program for Put 8?

Thanks in advance.

Apart from the share price, the company is in the best position for years.

Looks like we will actually maintain a drill schedule, oil is stable above $60.

Anyone looking to buy in now there is big upscale with minimal down.

Steady operations from Plat as well, another 4510 through yesterday.

Yeh us longer term holders are suffering, fully expect a bid in for AMER if it stays like this north of 20p, since i've averaged down this will give me a profit, but this bid would have to be soon as Indico 2 has a great chance of success.

Did we hear anything on the blocks in Ecuador?

How can adding 700 barrels have absolutely no movement on the share price!

Maybe we do have a duster on our hands and the people in the know are waiting till after that RNS....

Does anyone have an up to date contact at Camarco?

I used to use, Thayson but had no reply so assuming hes moved on.

thayson.pinedo@camarco.co.uk

It's a shame Laptop decided to turn the twitter group into a ramp fest at stifle open discussion around the company as with a little organisation we could force the BoD to pay attention. The move to 3 monthly reporting is an absolute joke, the only update we get now is from the OBA tracking website, but even then without knowing how much 3rd party is going through who knows? We should have set up some kind of spot buying for oil locally since the OBA is no where near 9k output, the pumping station looks like a complete waste of time since we have put more than 7k down pre Chiraz.

We have asked for improved communications, and they decide to limit information. Something does have to change, I've had enough of Giles, and I voted against him with my 705k shares, i'm guessing a lot of PI's didn't even vote, thus why he just gets re-elected every year.

Time for Giles to go! John get back to what your good at and leave the other bits to someone else.

You have authorisation for a buy back, at these levels it's a no brainer and put them in treasury, then if we need funds in future these can be sold at open market if a good opportunity does arise.

Oh and for god sake stop getting interviews with the mouthpiece.

1 million blue buys.....but main page says something like 497k?

So around 2000 extra over 3 days average? How much does one of those tankers hold?

I agree, but ongc are doing no favours with the drill program which makes me think they wanna know exactly what's there by doing more expo before buying us out. I mean if the oba was utalised at maximum (installed pump capacity) the savings alone in transport costs for the right company is worth millions a year. Think everyone can agree Giles has done amer no favours with his attitude. Its all about drill success., really hope I don't have to wait til 2021 for that, I have an extension to build that will hopefully be funded by growth here over nex 18 months. Oil sector suffering but we still need oil, sooner Donald has heart attack and get someone who doesn't start trade on twitter the better.

Tradeemup, The sooner I get out of Amer the better. I will never ever invest in a GC company ever again.I had Boohoo and ETO prior to buying Amer. You can imagine how I feel after buying Boohoo at 19p to sell at 32p....to buy Amer.Guess life teaches us lessons, this is mine.

If only, they can have my 705k for 24p each.