Member Info for jointhedots

You're being a bit harsh on them there guys, after all they've only been in charge 11 years, give them a chance for god's sake. Play the game, it's just not cricket to be so critical, anyone would think they where selfish an self serving. Anyway on a lighter note I found a lovely inspiration picture of GC in a some obscure provincial publication from a couple of weeks ago, it's called "The Daily Telegraph", very nice but the Caption is a bit strange "The ECB has been accused of being "self-serving" and "putting its own interests above world cricket"" I don't know how anyone has the brass neck to say that with GC at the helm, totally selfless I say. l bet he's still out in Ecuador or roughing it in Colombia, fighting our cause in deep liaise mode. Nothing to raise concerns here, the big 3 director went a whole three months before being allocated any share options and even then only 43000000+ whilst doing a sterling job of trashing the SP and diluting existing holder with a huge placing - the rest is history , that's dedication it's hard to fault.. Those N-Sands will be top priority I can assure you, 11 years of preparation shows real commitment not to simply waste money on "lifestyle" preservation for directors, not like those slow Indian partners of ours dragging their heels. https://www.telegraph.co.uk/cricket/2018/03/13/ecb-called-self-serving-accused-putting-interests-world-cricket/

Doc - thanks for pointing that out , I believe Rex will not issue an RNS unless there is some benefit that's why he hasn't before, foreign nationals/entities are not compelled to notify holdings, though made do others simply ignore protocol. I sincerely hope it's RH, the fact the trades are together and the SP didn't budge surely suggests the MM's have had the trades in hand for some time and have been working them through or the SP would just have collapsed. Explains why the SP hasn't responded to the oil price or anything else, those are now cleared so lets hope it's the end of a trade buyer is taking them. Pi's cannot possible absorb the quantities that are be released so some other entity must be buying, we are just as likely to get a holding RNS off a buyer.

should be at least $54/barrel at the moment and that surely equates to excellent financials for the company going forward. The cash balances must surely be rising nicely every day as we generate 54 x 7000 = $378,000/day to cover non operational costs. That should make it hard for our BoD to make a loss, having said that they have form.

To help encourage oil companies to invest in Colombia, yesterday they announced Tax concessions of $580m and that 50 blocks will be auctioned this year. Articles where published yesterday. "Colombia's finance ministry will provide up to 1.6tn pesos (US$580mn) in tax breaks over the next four years to woo investment " It was also reported that the national oil agency ANH recently went to the US and Australia to drum up investment. All good news though I'm not sure Amerisur will benefit directly it must help, everyone out there seems to be pressing on, we just need our BoD to demonstrate that they are too, lets see some progress. Lots of oil to be found yet in Colombia, apparently they estimate around 50bn barrels still to extract. But you can't produce it without drilling wells, there's a ground breaking assessment for you, I think I'll email out BoD to share that thought. https://www.energia16.com/colombia-to-raise-oil-supply-and-auction-50-blocks-this-year/?lang=en

Just broke through $70.5/barrel. Must eventually translate into an improved SP if the BoD can deliver any growth at all.

Are about to delist from AIM having had a torrid time with sanctions stopping their Syria production. More interesting for us is perhaps thet they have 2 blocks in Colombia thay they are looking to farm out and are in discussions with various parties to are prepared to drill then - I suspect entry to the blocks would not require a fee. Put14 is close to our block and could perhaps be a bolt on if entry was cheap enough, a Gulfsands presentation actually uses Platanillo as an analogous field. They also have a field in :Llanos, LLA50. Llanos is non-core at the moment but who knows. One thing is for sure our management have a great reputation for getting on and drilling wells, they would surely be the partner of choice especially as Gulfsands indicate they are keen to hand over operatorship. lol I can just envisage our directors springing into action led from the top, well sort of as long as the Cricket season in over. I never thought I would be bother by a cricketer tampering with one of his balls, but when I saw it I immediately thought - it's a new distraction for GC. Gulfsands retain the backing of major shareholders (PIs all but wiped out) and are also interested in investment opportunities - perhaps we could sell them one of out duff licences, only kidding.

Velo - are you stalking me, I thought we'd agreed to disagree. WRT your comment there is no contradiction - I have no wish to facilitate anyone getting cheap shares, and at the same time don't begrudge anyone getting them (that would be petty). Is that dig really necessary and as we all know context is all important to any comment. If you start splitting hairs in the interpretation of my posts. we'll be at odds continuously - bearing a grudge on BB's is pointless.

I'm sure we're all aware of the sector wide difficulties but Amerisur is underperforming, it is not to do with the market - other oilies have held their own or out-performed, IMO there is no where to hide with this in respect to blame, it lies squarely on the shoulders of our 3 core directors. They've managed it for over a decade, drawing salaries and lucrative benefits - there is no excuse, even RH selling is allegedly because of their greed. Oil Sector Unloved Colombia Troubles Pope Visits Floods Power cuts the dog ate the homework, Cricket season started etc. I'm sure we can think of loads of things as justification and some have impacted but there comes a time when it really doesn't cut it, and that's where I am now. How do you account for other companies prospering and delivering loads of great news in the first 3 months of 2018, shouldn't we expect that after all the heart warming words in Malcy interviews and bragging about achievements and prospects ? Yet still to the best of our knowledge we are still underachieving.

Just powered through $70/barrel (as I said it would this morning) it is on an uptrend touching $70.35. Normally that should be a cause for jubilation, but not today, the SP has not responded. By my reckoning we should be making around $10m a month pre capital expenditure, the SP needs addressing in light of the cash generation and lack of operational progress. To simply do nothing is inexcusable. I'm inclined to believe it is simply pettiness towards RH to allow the SP to plummet - are we simply being caught in the crossfire as they teach him a hard lesson - maybe a certain executive is happy with this as long as shareholders put up with it and lets face it there has been no backlash as yet.

Choppy - I don't there is anything wrong, IMO it's just apathy and growing concerns over the apparent indifference of our BoD. I suspect they are up to something, corporate action (selling), I no longer trust them to represent shareholders fairly. I thought long and hard before starting to complain about them as I didn't want to add downward pressure to the SP, I don't think it has any influence as the SP is already trashed but is relatively stable. I have a large stake (for me) in this company and I'm loathed to complain but unless something changes we're going nowhere. I'm sure some shareholders hate reading my rants but unfortunately its true. The BoD need to have their feathers ruffled at the very least (arguable sack some of them) or they are simply not going to recognise their failings and change. I complained some while ago on the website and never got a response like others also report - they are taking the p*ss IMO. IMO they are very thick skilled and it will only bother them if formally/openly challenged. GC is the boss hence the target of my complaints, he has to take responsibility for this mess, yet it seem still claims everyone is doing a great job (Malcy interview). As regards the SP I believe it will bounce back soon as we approach some news and ONGC start drilling, but that doesn't change the underlying management problems.

I don't see how anyone could possible consider CPO-5 as a problem in any respect - the money spent is an asset to offset against already the best producing well in Amerisur's portfolio - if a additional wells come in as appears likely it could be the making of Amerisur as Llanos has been for Geo Park and Parex Geo Park's corporate banner by the way is "Creating Value and Giving Back" Perhaps an apt one for our BoD could be: "Stifling Value and Hoarding the Cash"

Is very volatile, I suspect because of our mate president DTs action. The national security advisor resigned yesterday/was sacked, he was seen as the voice of reason along with others now sacked that kept DT from doing silly things. No more the replacement allegedly thinks it's OK to bomb Iran or N Korea - oil has almost touched �70/barrel and I suspect may break through today as the risk sinks in. No top of that his trade guy, another hawk, apparently say he doesn't "think" yjrv new sanctions will cause a trade war, yes he's not sure - how reckless. Hence the market tumbling and Amerisur surely impacted. China announced a long list of potential tarrifs yesterday in retaliation and have so far been restrained (No trade war! lol) and I'm sure the EU will react if the US continues. I expect oil to rise and other shares to fall today, that's until the next erratic action from the Us It like the loonies are running the asylum now, and I have a feeling energy will be one of the few sectors to benefit.

We all know the first tale, a tale of misery which remains unaddressed by our BoD reaching a pitiful low this week. You may well say that it's because of the general sector or in country risks but, you'd be wrong. Contrast that with Geo Park at exactly the same time, an operator not only in the same region but with an adjacent block where an article dated March 21, 2018 whilst we were tanking includes: "The stock of GeoPark Limited (NYSE:GPRK) is a huge mover today! The stock increased 7.39% or $0.85 during the last trading session, reaching $12.35. About 120,235 shares traded. GeoPark Limited (NYSE:GPRK) has risen 222.35% since March 21, 2017 and is uptrending. It has outperformed by 205.65% the S&P500.The move comes after 9 months positive chart setup for the $742.19 million company. It was reported on Mar, 21 by Barchart.com. We have $13.34 PT which if reached, will make NYSE:GPRK worth $59.38 million more" 222.35% in a year and up trending shows the tremendous potential we are missing, our BoD need to do something to change things, failing to report any meaningful operational performance this year. Guys "WE'RE NEAR Q END" it is truly dreadful IMO, there are too many chiefs in this company for this pathetic performance, what are we paying them for? Maybe they are keeping something back or about to dazzle us, who knows, it's still not good enough. IMO some sackings are in order if the BoD don't step up to the plate very soon, if we truly are en-group the biggest shareholder block they should be given a sharp reprimand in voting at the next General Meeting.

reggie72 - profit is not the problem, those that have invested in the underlying growth concept don't need a profit to be satisfied - growth company may not make money for donkey's year yet still be loved In fact one of my gripes is that they are hording the money instead of getting on with the programme given as justification for raising it, their motives for doing that are starting to look very ropey with a high oil price.

Amerisur: potential issues: - Desire for and reluctance to divest power. - Self above responsibilities - Possible lack of commitment - Poor judgement - Greed - Failing those you are supposed to protect, to be diligent - Over committing time - World famous Ponzi Scheme fraudster, Allen Stanford, currently doing 110 years for his sins. all feature in the attached links. I suggest we need to ensure we are not disadvantages if GC goes for the ICC chair role, some might say his history suggest he would not recognise any conflict. https://www.telegraph.co.uk/cricket/2017/05/09/giles-clarke-ready-take-powerful-job-cricket/ https://www.youtube.com/watch?v=ouG_V59X0N8

Getting very close to $69/barrel now! Amerisur seems to have been totally disconnected from the oil price for some time now and to some extent the reality of the state of the company - I've made it very clear where I believe the blame lies in today's posts. Hopefully we can at least get back to where we started the day, Amerisurs revenues are up around $10000 to $15000 a day since the start of the week..

bakoven - we really don't know and that is at the heart of the problem, in the absence of information we assume the worst and that they are hiding something. I do suspect they are hiding something, but have a sneaky suspicion GC is busy trying to sell the company - which would account for most of what's going on. I hope not, but it is an explanation (unacceptable one) for preserving capital, silence and lack of operational progress and lack of concern over SP. Incidentally, you where right yesterday to be concerned about of interests of directors - the whole business stinks and I have been agonising about commenting on GCs apparent huge demands on his time (also his side kick Nick Harrison). I also have reason to believe the situation COULD get much worse in the summer - when the ICC Cricket could become a greater priority if press reports are to be believed. GC allegedly wants to become Chairman of the ICC. Having a hobby is fine, having an demanding/all-consuming passion only if you have lots of free time, For the Chairman of numerous companies and one that it would appear is worthy of Executive status at Amerisur it is not IMO. If he takes on the ICC role he should step down from Amerisur IMO, I'm sure any candidate for the ICC will tell them they will devote themselves wholeheartedly and do so. We're are all looking on in disbelief day after day as the company flounders and the BoD appear to be indifferent - something has got to change, the SP has now risen well past $68/barrel and not a flicker of life in the SP. Granted the BoD cannot and should not control the SP but they can address problems that cause the distress. I don't want to read about GC, (great businessman he may be) flitting about for the cricket world or representing other companies (most recently a potential reverse takeover) when he is apparently an executive for Amerisur and being handsomely rewarded, we are being short changed IMO. The term "Riding the Gravy train" springs to mind, sorry guys it needed saying. if the SP won't respond when the oil price is racing forward I think we need to demand some changes in strategy, it's not RH's fault - PR and IR are not working. http://www.newindianexpress.com/sport/cricket/2018/mar/10/giles-clarke-likely-to-succeed-shashank-manohar-as-independent-chairman-of-the-icc-1784826.html https://appointments.thetimes.co.uk/article/so-just-how-many-boards-can-you-sit-on/

Actually the oil price is $67.83 an extract 1/4 of a dollar so far this morning and yet Amerisur SP has gone further down. Leas, you are right but it is surely the duty of our BoD to clear up problems. allegedly the whole RH problem arose because of their poor corporate governance and tendency to dip their fingers in the pie and grab too big a chunk. I'm not big on share buy-backs but the BoD need to react appropriately and doing nothing is not appropriate. Even if they just tell us why the drilling programme has stalled and assure it's not in jeopardy it would provide confidence. I'm no longer convinced our directors even want a higher SP and let RH off the hook, maybe we are victims of a backlash to RH's audacity to challenge the BoD on their excesses. I hope not but it wouldn't be the first time on AIM that directors ultimately benefit from a trashed SP (cheap takeout or shares exercisable at a ludicrously low price).

The oil price has strengthened to $67.6, a very profitable price for Amerisur, as has been the case fro the whole of 2018 - yet the SP still weakens. I tend to agree that there is manipulation (control exercised) rather than a true market, MMs are the culprits in taking advantage of the situation in my view and are always a major part of the equation. However, it is failings from our BoD that is facilitating this, IMO Amerisur and our chairman, Giles Clarke should part company as IMO it is his area of responsibility "liaising with stakeholders" "strategy" and "oversight" where the company is failing - what happened to "the Buck Stops Here" responsibility at the bosses desk.

reggie - I really don't know or care about SAVP they may be good but I've looked at outfits based on BB comparisons before and every time there is an underlying reason , comparison based purely on production or market cap are useless mate. Profitability and sustainability, capital, business concept, debts, risk etc all come into play - your simple comparison does not signify anything except perhaps the companies a wildly different. By your measure Toys �R� Us should have been a great investment with huge sales when compared with a small high margin and growing retailer. Production (sales) is a very dangerous measure in isolation to guide investment decisions, as you say everyone needs to dyor. Just about to post when I read your post Juxtapose, I simply repeat you above, and now I've seen the Nigeria connection, explains a lot - incredibly corrupt country beats Colombia hands down and I believe oil industry in flux with strikes and a new hard president shaking things up to add to the mix - not to mention their own terrorists that make our look like angels, Boko Harem (African ISIS).