Member Info for IsaTrader85

hTTp://www.controlhidrocarburos.gob.ec/wp-content/uploads/producci%C3%B3n-fiscalizada-petro/2018/DICIEMBRE/

3rd 2215
4th 2554
5th 2614

Trending upwards.

Whats peoples thought on expected completion and initial flow? Would be great this week but imagine it will be next.

I emailed the company regarding if they would announce RH exit if/when it happens, but the reply I got:

Thank you for your email.



As you rightly point out and as per the announcement on 6 September (https://bit.ly/2BOsDub), Rex Harbour’s ownership of Amerisur has fallen below 3%.



The Company cannot comment on shareholder ownership other than what is in the public domain.





Kind regards,



Thayson Pinedo

Consultant

Camarco

Shut up you idiot. You don't know **** all, all you do is ramp.

Hopefully an update this morning or tomorrow around current progress, really hope to see specific details around drilling. Production should be back into the 5.5k region if work overs have been completed.

GLA, wish my average was @ this level.

You are right about the PR being terrible.

Things I would do differently if I was involved in the management of this company would be different.

CP05 wells will be key to hitting the exit rate this year, if they come in that could potentially add 10p to the share price alone, given the region to the north has fields producing 50k a day without looking at the seismology it could well be in the same region, so 15k for amer's share.

Things they have done well is the acquisitions during the down turn, to pick up CP05 for what they got it for is an absolute steal.

They need to confirm the requirements of the pumping station to increase flow, pretty obvious in my eyes that this is the issue but the market needs this confirming if so. I'd like to see current status of all the wells, flow rates, chokes, water cut, treatments required (commonly used in the industry to keep wells producing), as wells age they require more maintenance, but they also have the possibility of using Fracking to break open their larger wells, don't think this is big in the region at the minute as its all about NA but it's something that can be complete relatively quickly if the well is compatible. But again the production isn't where this play is at, it's all about the drilling, increasing reserves and NAV. I can't see any value in the share price for the acreage or OBA at the minute which suggests how much its over sold, i'm actually thinking now there are allot of people Long in this share which could in turn be holding it back. I've got a long position as well as my shares, time will tell if it is the correct move or not. The long position is purely for tax reasons.

I'm holding for allot more than that or a take over. If they hit exit rate then no reason why they can't hit 20k next year, and if they do that your looking at a billion dollar company. They NEED to restore faith by hitting their targets, maybe be less optimistic with target dates given region weather. One thing to note is once the infrastructure is in place, up-scaling can happen at a much faster rate.

As ever DYOR and what not but I'm still confident this will come good, which is why I can sleep at night quite easy. Don't listen to the trolls on the boards, do the sums, do the calculations high medium low outcomes and see what you get and you'll be able to sleep as well.

Just finishing nights so thats me off to bed. ATB.

Also I work in the oil and gas industry so I can see the value of the OBA, licences ect.

The current share price has been way over sold, if price of oil was $30 still then fair enough but its hitting $80 nearly.

NAV doesn't look great but this will change very quickly once reserves increase with this drill program. CP05 is massively under valued in my view given the oil coming out not far away in another block, can see this being x10-20 times higher once the other wells are drilled.

If they had the spare capacity they would buy oil and export, they don't at least thats my opinion until the pumping station is done, director deals tell me that they know whats coming and its going to be big. Shame GC doesn't show shareholder faith by buying some but guess hes used to getting freebies.

My prediction Nov 30th - SP 32p feel free to quote me on it, assuming delivery of pumping station and 50% success with drilling.

It's part of a portfolio. Approx 20%.

Good post.

The increased water cut is a sign of ageing wells, north sea has exactly the same issue, but it depends on the geology of the well if its aquifer fed for example if its a big problem or not. The difference being in the North Sea we just chuck our produced water overboard or reinject it, in the middle of the jungle i'm not sure what a cost effective disposal route we have as it increases.

I wouldnt worry too much about differing APIs, basically the more thats going into Roda the more pressure is needed, since we are at the very end we have to have the higher pressure to overcome pressure down stream. Do believe that once the pumping station is up and running we will see a flurry of news and who knows may even hit our 12k target for end of year, but its a big ask given the environmental problems of the region.

Hopefully we will get a decent update next week on current progress, but since the BoD seems determined to let the share price flat line in need of a defib. I'll eat my hat if we aren't over 30p by end of Nov assuming drilling success where we have historically excellent success.

Very depressing share price for most of us long term holders, my average is 300k shares @ 22.3p so you can imagine my frustration. Why on earth I didn't leave my money in Boohoo and ETO will forever be a life lesson.

The monthly report shouldn't effect share price at this level, the POO and production, cash flow still massively up even will reduced production. The play here is the drills, which still haven't turned and it's now July. The 18 well drill program in 18 months (not 12 as others have said a few times incorrectly).

I don't think they have the capacity to put it down the pipe due to the back pressure in the RODA system. The days that export has been higher would have been when there was less going into the system (possible outages for maintenance down stream?). This is why the drill program is weighted towards the end of the year IMO as once thats up and running they should be able to export more. Thats why there has been no tariff deals, otherwise why wouldnt you?

Surprised to see this sub 15 again, wish my average was at this level because once the pumping station and drilling gets under way I expect to see 30-35p by start of early next year if not before. Sentiment is at an all time low, but if for once they do deliver this will move up very quickly.

Remember even at 5000 production the net back is currently 5000 x $60 x 365 = $110m

Problem is too many directors not giving share holders any value, has the reputation of an old boys club headed by GC.

The silence is deafening.

85% in 55% duque 41% Petro Good game. Thank god for that, share bump tomorrow on uncertainty removed

Be done shortly, not tomorrow morning! Live data: 68.71% tables counted 55.56% Duque 40.38% Petro

AGM is being recorded and uploaded to the website, maybe the company are listening?? To the people going to the AGM, please get your questions ready, don't let them off easily. The performance of the company is lagging behind peers.

Doubtful he will since he's ramping every message board out there. Sooner he sells out the better tired of his copy and paste over and over. Basil your still top Amer poster. Closed my long position at 18.7 from 13.7 reopened at 16.7 long again. Still have 350k shares with an average of 22p but since I was 1000 a point it's clawed back some of the loss.

Spread betting on a drop? Do you know what a long position is? Haha. This is classic, wish I'd posted screenshots of the group to back me up, nevermind tbh more informative posts else where. Won't say any more on the matter but thanks Spy for backing up what I said. It's a shame as before it got buy buy buy spammy it was actually a good discussion group. To say we are the same person haha are you Russia? Just look at laptops tweets....thats all the proof you need as to what he was spamming, every day. Technical background is only 13 years experience so still learning. Good night x

Explanation? To the same pictures reposted every day... removed for that so called "deramping" for asking for discusion rather than reposting tbe same info that any investor in a group dedicated to a company would know. As i work on an oil platform im not glued to my phone/pc maybe you didn't get an instant response, guessing your a millennial with the need for instant gratification but most people have proper jobs. Why would I have removed him you need to be a group admin to do that do you not? If you didn't want a discussion group you should have just called it the Amer Pumping group. End off, just get your facts right before posting your pumping nonsense with "strong buy" every day. I would love to see amer recover but something isn't right as something doesn't add up. Until GC is out, or RH it's being held down. RNS required as to what his current holdings are, the big boys know just SIs don't. End.

Constant moaning? All I asked was that people stopped spamming the same messages over and over and try keep it as a discussion rather than a spam folder. Ontop of that I said the performance of GC has been pathetic and if you had been invested here as long as me you would agree, hes not interested in buying shares unless they are free and at shareholders expense. It's funny you say that clearly on the pump and dump crew as well. I own nearly half a million shares in amer now so yes I am invested. No wonder Malcy quit, even he was bored of it and he's the original pumper! Tbh I genuinely don't care about that group as none of you have technical knowledge to actually interoperate operational info. If your buying off BB advice then your a gambler not an investor.

Considering your the leader of the Twitter Amer pumping brigade I would of expected you to know that Amer does NOT trade at WTI, you once again make yourself look like pumper ready to dump. It trades at a slight discount to Brent. Still you've lost all credibility so this doesn't surprise me you once again show your intellect

Have to admit, the only reason I come on LSE board is to read your posts, your actually a highlight on here for me. Allot of what you put makes sense, wish the share price for Amer made as much sense.