Member Info for jointhedots

pickedpeck - why are you having a go at posters that post genuine opinion, I am sceptical and it's based on facts not guesses. I was going to post a couple of times today to explain the negatives that you and others are ignoring but don't want to be accused of being a deramper today and ramper on Monday, I not sure how I feel about being called a Mushroom. Those you criticise have highlighted the good (massive) potential of Amerisur, but a BB is a balance of views and a good kicking (verbally) for the management team has been long overdue. Mushrooms! Isn't that usually associated with a suggestion of being fed on Bullshit and kept in the dark, - that's exactly what some of us are saying and perhaps why you feel a need to guess. Shareholder criticism does not mean we are not expecting good results. I expect them to be good, but in context I expected the management to meet targets or out-perform in 2017, I'm not expecting that unless they've been telling porkies about performance - so why should I be content with and congratulate laggards. If I owned this company outright two of them would be sacked and appropriate B*llocking delivered to the rest. I know, I'm too soft. lol I wonder what would Alan Sugar do? I know what he wouldn't do is congratulate them on doing a great job done.

Just pushing towards $73/barrel this morning - surely the SP should be on the move soon, oil is at multi-year highs and in highly profitable territory for Amerisur.

and that's simply wishful thinking. I want fair value for my shares and the pain I gone through investing here not a bargain basement deal that see GC and mates with short term investors satisfied. I paid for my shares, 10s of millions in the hands of directors were free or subsidised. The company is valued as a zombie company, though to put it in context, apparently about 70% of oil stocks have failed to trace up with the oil price few have gone so strongly in the opposite direction - there is something seriously wrong here and I believe it all can be traced back to the OBA fiasco which is ongoing. GC and his team have certainly delivered us a "double whammy" (noun. a combination of two unfortunate or negative circumstances or events). The company embarked on construction without agreeing a throughput deal that met the companies short or long term needs, a shocking mistake that (as I said a long time ago wax worthy of a dismissal of the responsible director) has cost shareholders a fortune. We are still paying for it IMO as the drilling campaign has drifted. To put it bluntly, there is no point producing massive additional amounts of oil because it won't go through the bloody pipe. Surely they realised that identifying and eliminating bottlenecks was a part of due diligence before committing shareholders cash, incredibly incompetent. Companies in the extractive industries where aware of bottleneck capacity decades ago. Only recent RNS's/presentations have addressed/acknowledged the subject properly, but never any acceptance they screwed up. I think the delays and lack of urgency are most likely by design to hide earlier incompetence, so here we are as our Canadian peers in Colombia enjoy near year highs on their SP and the oil price soars we are at half price. Lets hope the results mark the start of them making amends and there are NO MORE DELAYS.

really frustrating! Describes it perfectly. The prize is there but the BoD seem incapable or reluctant to take it. Success always just beyond reach, but nicely set up for next time . Six months from now I can't see how they can how they could justify failure - tell a lie I can see, unfortunately they are grand masters are spinning a yarn.

Found this report from yesterday contrasting the US and Colombian stock markets, some interesting and positive comment on Colombian prospects. " U.S. Stock Losses Fade To Mixed, But Colombia Is Red Hot ... ...Bulls Run Ahead In Colombia Meanwhile, IBD's database includes only three Colombia stocks trading on U.S. exchanges as ADRs. But each has made good moves recently. Colombia-based oil company Ecopetrol (EC) broke out Wednesday, while Colombian bank Bancolombia (CIB) followed up nicely on a recent breakout. Colombia's bank Grupo Aval (AVAL) retook its 50-day line and is 4% off its high. The iShares MSCI Colombia (ICOL) exchange-traded fund has rocked higher for seven consecutive days, including a gap up in heavy volume today. The Colombia ETF is up almost 11% year to date. Why Colombia? Why the bullishness in Colombia? The Bogota Post reported recently that the International Monetary Fund said the Colombian economy is at a "turning point." The economy in Colombia has been struggling since 2014 when crude oil prices crashed. Colombia is currently undergoing major improvements to infrastructure and is working on reducing trade barriers. The IMF predicts economic growth of 2.7% for 2018 in Colombia. With the market back in an uptrend, individual investors can use MarketSmith track stocks and use pattern recognition to spot the correct buy point during breakouts from bases." https://www.investors.com/market-trend/stock-market-today/u-s-stock-losses-dwindle-colombia-stocks/

Being quoted AMER Bid:14.92p Offer:14.56p

Yet again demonstrate the stalk contrast in management achievement, they have just released their Q1 update, that the difference between Amerisur in Colombia is startling (so frustrating when the prize is there) and shows what might be if our BoD have it within them the deliver success - Amerisur should be a compelling investment yet were are constantly under the cosh, as emphasised by our trio of RNSs. Remember their flagship operations are in Llanos 34, a block adjacent to CPO-5 and directly in a continuation of the oil structures we're are investigating - in all honesty I would be happy if ONGC and Amerisur decided to drill a dozen wells there. Extract of their achievements in Colombia block LLA-34 demonstrates they are going at a pace we lack: " Colombia: Tigana Norte 6, Tigana Norte 7 and Jacana 20 development wells drilled, tested and put on production, adding approximately 3,000 bopd gross in the Llanos 34 block (GeoPark operated, 45% WI), bringing current gross production to 58,000 bopd Chachalaca Sur 1 exploration well, Tigana Norte 9 appraisal well, and Tigana Sur Oeste 5 and Jacana 21 development wells drilled and currently being tested Coming catalysts: testing of four wells above, and drilling of seven new wells which include five development wells and one exploration well in the Llanos 34 block, and a new exploration well in the Tiple exploration acreage Project to construct flowline to connect the Llanos 34 block to nearby regional pipeline underway " If we get a taste of that in the remainder of 2018 there is no reason the SP can't double or even triple as CPO-5 will be a very valuable asset." I'm not plugging Geo Park, I don't own any have not researched them and do not intend to buy, it's simply flagging up what we are missing out on by contrasting one of our peers. The potential for Amerisur is massive. https://www.morningstar.com/news/business-wire/BWIPREM_20180411005454/geopark-announces-first-quarter-2018-operational-update.html

Also it's worth noting that the boss of ONGC made comments in the article - in stalk contrast to GC's complete silencer on his meeting. Did GC perhaps sign anon-disclosure agreement? They actually say they "will be signing" so can presumably still issue statements. Or perhaps he simply couldn't be ars*d. lol

and with undisclosed partners, very interesting and provides new possibilities for GC's visit. "ONGC Videsh, CNPC look to invest in Ecuador, minister says By Reuters NEW DELHI Petroleumworld 04 12 2018 Indian oil company ONGC Videsh is looking at buying a stake in oil fields in Ecuador and may also participate in an upcoming tender for the Intercampos blocks, Ecuador's oil minister Carlos Perez said on Wednesday. �We will be signing a confidentiality agreement with them (ONGC Videsh) in the following weeks and we will provide them with information in new blocks,� he said on the sidelines of the International Energy Forum. �They are (also) interested in partnerships with companies to take a share in the current production in certain fields over there,� Perez said. " Very interesting article by Reuters, dated today. http://www.petroleumworld.com/story18041213.htm

Good Morning Well done for your optimism, you're more positive than I am, I wouldn't dream of predicting anything. I hope you're wrong about "big MOMENTUM SHIFT" and "buying pressure is on", because if this is it we are in the sh*t - the stabilisation is a welcome relief but the SP and many shareholders are still in distress, anything under 20p/share is horrendous IMO. I fear our SP merely caught a tail wind from the rising oil price momentum, whereas other oilies have responded much more strongly - somehow our BoD have managed to deliver progress that has not only divorced Amerisur from the rising oil price but caused the market to treat it as a basket case. Hope you're right though, with the support you highlight 20p is easily doable.

Apparently the late surge in the oil price is down to Huthi rebels from Yemen firing a missiles and drone attacks on Saudi and an Aramco facility. The whole sector was up today so Amerisur has a way to go to catch up it's lost ground. I posted previously about them firing at an oil tanker so it looks like they are adopting a new tactic in their conflict to target oil infrastructure. If they manage to cause any disruption the oil price is likely to spike upwards. On top of that we have the Israelis allegedly dropping bombs and Trump threatening to unleash a firestorm. https://oilprice.com/Energy/Energy-General/Oil-Prices-Surge-After-Houthi-Missile-Attacks-On-Riyadh-Aramco-Facilities.html

Thanks again Bailey, that's what I was looking for this morning, I knew I'd seen/heard reference to Brent in Amerisur presentations or RNS's. I recall it being referenced in an OBA update and the price of crude delivered from Mariposa-1 was also tied to brent.

Brent just broke through $72/barrel I reckon the effective annual run rate for revenues has improved by around $10,000,000 since the start of the week. Amerisur needed $45/barrel for the year to pay for the development programme that must be down to the $30/barrel region now and dropping all the time - The continued steady production and lack of actual drilling is disappointed but is surely reducing risk.

Yes Put-5, nothing to do with CPO-5. Hope no one sold out on the basis of my post. lol Thanks for pointing that out Bailey.

Apparently in 2017 fell an average of 8% for operators in Colombia. Due to various factors I suppose but devaluation of the Peso helps everyone with local costs and exports paid in $. We have no reason to believe Amerisur will not achieve ti average at least - which should reflect in 2017 results Very interesting article IMO. https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.co.uk&sl=es&sp=nmt4&u=http://acp.com.co/web2017/es/sala-de-prensa/comunicados-de-prensa/888-en-2017-los-costos-de-producir-en-colombia-presentaron-una-reduccion-de-8.html&xid=17259,15700022,15700124,15700149,15700168,15700173,15700186,15700191,15700201&usg=ALkJrhgOINvbn_IV5u3wZNxdCReQK9b8VA

Reported today, CPO-5 to the north of Platanillo is being relinquished as part of a bigger settlement, I suspect if Amerisur want it, it would be awarded for peanuts. Could be too far away I guess Range Resources Ltd (LON:RRL) told investors it has reached an agreement with Colombia�s Agencia Nacional de Hidrocarburos (ANH) to settle all outstanding claims and disputes between ANH and the consortium of Optima Oil Corporation and the company.........Previously, in 2016, ANH sought a US$53mln claim in relation to allegations that work commitments weren�t fulfilled and that invalid letters of credit had been presented...... ........the consortium has agreed to terminate three exploration licences in Colombia (the PUT-5, VMM-7 and VSM-1 areas). http://www.proactiveinvestors.co.uk/companies/news/194707/range-resources-agrees-settlement-to-walk-away-from-colombia-194707.html

We have grumbled ONGC are slow, be in retrospect they appear no worse than Amerisur, it's a case of which snail is the quickest, but there is an upside. Having just looked back at a Loto-1 well update from Nov 2015, it is worth noting that their approach appears to be great wrt cost control and reduce risk, the well was 31% under budget. That's very good for a state enterprise and suggests the three CPO-5 well planned should not cost Amerisur a great deal of money. For me, the more wells they drill and the sooner the better, CPO-5 is in a prolific area for oil discoveries. Extract: "The well was drilled for a total cost of $3.98MM, $1.19MM net to Amerisur/PDSA and testing costs are currently estimated at $0.69MM net to Amerisur. The operations were completed on time and under budget, at 69% of the planned expenditure, due to excellent operational planning and execution."

$2 1/4 in the last 24 hours - a massive boost for all oil companies

Forget to add this link about tar sands to my earlier post - worth a read IMO. https://oilprice.com/Energy/Crude-Oil/Disaster-Hits-Canadas-Oil-Sands.html

Just passed through $70.5/barrel. Every $1 is worth an extra $2,500,000 a year in revenue