Member Info for jointhedots

I'd sooner see code 1,000,000 signifying a big buy followed up by a director holding declaration. Why on Earth does 100 signify "...i need shares", you must think we are really stupid to insult us with that. I've been investing in shares for well over 3 decades and have never seen anything that indicates any significance.

The linked article, published yesterday, gives a good overview of the potentially, localised influences and threats to the oil sector and suggests around 50 blocks on favourable terms could be up for grabs this year. " This is why, after overcoming the guerrilla violence that threatened its infrastructure for years, Colombians are now preparing for one of the biggest tender rounds in its history with an ace up its sleeve: contractual and tax adjustments that will make the Colombian oil contract one of the most competitive in the region." https://www.energia16.com/amp/colombia-the-future-of-energy-in-the-ballot-boxes/?lang=en

Laptop - don't start with Twitter links. It really is sad if we need to look at someone's twitter posts, worse, the URL which I do not intend to follow seems to be to an account of yours. Do us a favour and keep your links to proper publications, ramp or deramp if you wish I can tolerate, but rampant ramping using social media is too much.

again after our dear leaders spoiled the party with another well considered RNS. Moving on, some good news, very good news IMO has been missed. As I previously pointed out GC has been rumoured to be making a play for the Chairmanship of the ICC, something that IMO would effectively mean we would go to the back of the queue when it comes to his attention. Happily, it has now been reported that the members have given support to the existing Chairman and allegedly snubbed GC - what a shame, he he. Hopefully, they don't change their mind, on the bright side for GC they are apparently throwing a party for him in thanks for the work he's put in, presumably he's still at the get together in India, plugging away on our behalf. Now everything seems to be settled, we can get back to business and no reason to hold back now Share awards are in place - I believe the SP will be on the top side of 30p by the end of summer (honestly). Our peers share prices have already started moving and just been tipped as possibly doubling by Motleyfool, see link - why not Amerisur. Another neighbours SP, Geo Park has already shot up. Last thing to settle (which I suspect is a drag on new investment) is the Colombian Presidential election in May and the right wing (pro-oil) candidate is well in the lead. Once settled I reckon investment in the sector/country will pick up pace. https://www.fool.ca/2018/04/23/2-canadian-oil-stocks-operating-in-colombia-that-could-easily-double/

Jux -wrt your comment : "JTD As far as the Chairman is concerned, unless the role is combined with CEO (and that is not good), it is always a very part time role: a company with a full time chairman is the equivalent of a human with two heads." I didn't say he should be full-time, you need to refer to company issued descriptions of roles, the company themselves issued (2016 report) a statement that, though ambiguous, declared that GC was Chairman not NE Chairman, surely we are entitled to think that means putting in a lot of effort and sufficient time and wrt to the FD the report didn't say if he was/wasn't NED. Whatever his commitment, I believe his remuneration is extremely bloated for the role. WRT GC I agree he should be NED and paid accordingly, one of his chief roles in justification of his position is liaising with major shareholders - what the hell is that about, he allegedly alienated the biggest and we struggle to find new IIs, and in any case surely we should all be treated equally and informed at the same time. Part of the shareholder base should not be left for a FD (He's like the scarlet pimpernel) to deal with, one who was given an assistant in recognition that the performance was not suffice, it still isn't suffice IMO from someone most of us don't have any clue about and is all but invisible from a PR/IR perspective. I believe (as allegedly RH does) they are taking the PS, furthermore possibly so wrapped up in their cosy niche that they don't even realise how far divorced/cushioned they have become from the suffering, and yes it is "suffering" to lose your money or part of it, with their lucrative salaries and benefits compounding to add insult to injury with the RNS released. They should align their fortunes with shareholders, its very simple. Not trash the SP with RNS's disclosing poor performance and then take advantage of the aftermath. There is never any recognition of any failings and they expect shareholders to simply cheer them for another great year, pretending all is well is case we cause some nervous shareholders to sell. The CEO and FD should have waived their entitlement and thought themselves lucky not to be sacked.

Juxtapose - one area we do agree on is that directors remuneration should be tied to performance, they should not benefit from failure as is the case yet again with the awards announced. Like you I have no problem with directors doing exceptionally well out of shared success. The directors interests where not aligned with shareholders interests in the first half of the year , I'm sure any of us saw this coming - but I'm not really too cut up by it as it is insignificant as regards share value. Nothing like as destructive as the huge share awards of the past. I never ceases to amaze me how greedy and thick-skinned the BoDs of AIM companies are. The awards aside, my annoyance of late has been with the apparent conflict of interests with the extensive commitment of Chairman and FD. They both have a form of (ambiguous words where used for chairman) executive status hence high salaries and appear to be a longstanding double act. Yet they have so many other interest I cannot see how they devote sufficient time to Amerisur business. I'm waiting to see if GC emerges from the ICC meeting with a nomination to become chairman - there was press coverage this weekend. More importantly this morning the oil price has moved back above $75/barrel and is looking strong, Amerisur should do well once any disgruntled sellers are gone - this could awaken RH.

Not everyone suffers due to failure. AIM directors often benefit Directors often benefit with cheap share schemes, and ability to buy cheap. FD does not deserve any shares vested IMO, he and GC are no different, if there is no case for GC there's no case or him - he has too many other jobs and is a PR man that is all but invisible to shareholders. What does he really do to push the company forward? At least now the incentive shares are announced they can be aligned with us until next year and care about the SP No objections to CEO or staff, although that is a lot of shares for the CEO he is doing a challenging job.

Shame, the directors didn't do an interview last week, maybe this week we''ll get some PR. Jaxtapose - We're allowed to by dissatisfied with aspects of the company without having to sell up, like Giles, I don't like losing. I simply believe our Chairman and FD are not showing enough commitment, just like RH allegedly his dissatisfaction and took action.

easyp - those Trillions you mention are set to grow substantiallly and oil is going to help pay now the Mexicans and other trading partners have refused, it doesn't take much digging to see that there could be vested interest in DT's tweet. Apparently the US infrastructure and military spending spree that Trump wanted involves a plan to sell down the Strategic Oil Reserve by 100m barrels, 15%, 30m barrels/year. See link, it's already approved. The US oil reserve is huge and has been over 700m barrels, but I just checked and it recently stock is at a low point for the last decade and nearer 600m barrels. So the economic miracle is to be finance (helped) be selling strategic assets, I know the gold bulls tend to constantly go on about the US having secretly sold gold reserves including gold that doesn't belong to them, lol There is also an article that suggests some oft the oil within the oil reserve doesn't even belong to them. Anyway, I rest my case, you can't take any politicians statements at face value - some struggle with a simple Yes or No to any question. https://www.usatoday.com/story/money/energy/2018/02/13/us-mandates-biggest-non-emergency-strategic-oil-sell-off/332885002/

from Donald Trump, he has just tweeted the high oil prices won't be tolerated and blames the OPEC for it - it has put the breaks on the price temporarily. IMO what is really interesting is the read across to his underlying agenda, clearly the price is not an issue for him except in so far as it upsets voters filling up their car this coming summer and maybe slows industry. I reckon he is playing a game, distancing himself from the cause gives him someone to blame, implicitly issuing a threat to release strategic oil reserves which could also serve him nicely to provide a capital injection to the economy, take control of the oil price by the US another advantage and allow him to release large protected areas of land and sea to his supporter groups which various groups and states are fighting at the moment. Or perhaps he wants some deal from OPEC. I don't take anything a politician says at face value an in the case of Trump, well what can you say, talking tough and telling porkies to achieve his desired outcome (hidden agenda) appears to be a trend to do the deal, e.g, little rocket man not worth speaking to, next thing jumping at the chance.

Yet again a new multi-year high has just been set for brent. Just went through $74.5/ barrel, the whole sector is becoming an irresistible proposition, the companies still in business have become leaner and meaner than before the crash and make money at relatively low prices so many will be on a bonanza is the price holds. Amerisur can't help but make a great profit unless they do something particularly stupid or there is some crisis in Colombia.

As background it is worth noting the progress of out near neighbour in Llanos 34 - they have practically built their entire business on production from that prolific block and yet to my best knowledge none of their well has matched Mariposa. They are valued at many times Amerisur and IMO demonstrate neatly what is to play for in CPO-5. The management cite Llanos 34 regularly to illustrate potential yet I don't think the market as fully appreciated the potential game-changer block. It's also worth noting that our recent institutional buyer holds a position in Geo-Park, might just signify their belief that CPO-5 can replicate Llanos 34. Extract: "�GeoPark (GPRK +7.6%) spikes higher after saying its Norte 9 appraisal well is now in production following successful testing of the well in the Tigana oil field in the Llanos 34 exploration block in Colombia. �GPRK says the well extends the Tigana oil field to the northeastern limits of the Llanos 34 block; the well produced ~1,150 bbl/day of oil during initial testing, although additional production is needed to determine stabilized flow rates from the well. �GPRK owns a 45% working interest in the Llanos 34 block. "

Laptop - the current cash position has not been disclosed as far as I can see as is also the case with stoked/unpaid oil. It is reasonable to expect available cash to have grown substantially since year end. I believe they will steer away from emphasising those factors as they could fluctuate wildly as I previously pointed out Looking forward to today, after a long period of disappointment - is it too much to hope we reach 20p/share this week?>

Now Brent has just broken through 74/barrel. Things seem to be coming together nicely, could do with ONCG announcing the spudding of Indico-1 tomorrow.

Today could well be a turning point. I've just checked and with very large late notified trades this is by far the biggest trading volume for 3 years and this will be the busiest week for at least 2 years. LSE have the volume at over 36 million. Surely there are some serious buyer(s). not just directors unless GC and NH are going in big.

BaileyC - he has definitely been preparing a report for the meeting if the Indian/Pakistani press are to be believed, he is leader of a task force that went to Pakistan a few weeks ago and is also on the BoD of the ICC (I believe) , so IMO it's almost inconceivable he won't go. I also noticedour presentation is attributed to the CEO and FD, so suspected we will probably not see hide nor hair of him unless associated with cricket. Hope I'm proven wrong.

certainly helps. WRT the drilling programme only just coming to life, I was wondering if it has anything to do with the rainy season which can last until June. Apparently a town near Mariposa is a candidate for the wettest inhabited place on Earth so in the rainy season I suppose roads could be horrendous and perhaps trailing higher production (more lorries) is problematic - though the company have never suggested this, perhaps we'll see a pick up in production from existing (non-piped) wells in H2, just a thought.

He and the finance director are the 2 directors that have the least visible input of the big 3 and get huge benefits year in year out and I don't mean a token few thousand quids worth They have done and continue to do very nicely and should follow the lead of the NEDs and CEO. I presume GC has been busy preparing for the big ICC meeting in India (22nd-26th plus travel days) at which he is presenting a report so I suspect if he's going to buy it will be soon - no questions asked about commitment then. FD is the worst offender is terms of showing support IMO, far worse than GC I was hoping he and FD would clear out anything RH has left, he can certainly afford it IMO. Maybe they've already bought - I noticed some 500000 trades earlier.

The Shell facility appears, IMO, to be significant as it suggests that there is going to be an ongoing take off arrangement which is great, having a relationship with a super-major is better than selling to local traders. Shell where the purchaser of our last batch and it's patently obvious that if oil prices where to slump Amer could come under pressure if they defer sales to fill a tanker, they could conceivable be storing in excess of $30m of oil at certain points in the cycle. So it looks to me like a facility to ensure that the relationship blossoms and secures Amerisur's expansion plans. IMO the read across is - they want our oil, bulk sales and massive cash fluctuations are likely, Shell see Amerisur as a reliable partner and the cash is not designed to facilitate any imminently planned corporate action, unless of course it involves shell - typically there is little detail of the arrangement.

I wasn't having a go either, your input is appreciated I just thought you were getting a little annoyed. WRT your question, I'm no Warren Buffett, I make mistakes and sell off/buy at the wrong time with alarming regularity , but I still believe Amerisur is a great investment and actually would buy the company as it stands if I had the financial capability and sack the Chairman and FD. I believe if I put the right team in I would make a fortune. Warren Buffett says a lot of things, and I'm a great admirer, but a lot of what he says simply highlights good principle not practical approach to die in a ditch over, unless we invest in Gillette, IBM and the like, as Warren does, you will see flaws in your investments. You invest in AIM, you must know that poor management is probably the biggest risk for all of them and you may only learn about that as events unfold. Your last question, if the management pull their finger and perform as they should make us all a massive profit, who knows what they could achieve but I'm absolutely certain a multi-bagger. The biggest risk to my ultimate pay-out is poor management, not the oil price, rebels, floods etc and they need to be reminded of their responsibility now and again as RH did. So why should I sell up when there is everything to play for, sometimes there is a need to face up to issues and sort them - if you read my posts going back a long time my approach has always been positive but I'm not afraid to criticise when I feel it's warranted.