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Looking again at Gran Tierra has reminder me of the Limestone play that they are successfully pursuing, they seem to believe it's a basin wide play - I hope Amerisur consider it after GT do all the ground work. GT say: "Our A-Limestone play in the Putumayo Basin continues to deliver strong production results from the Vonu-1 well on the PUT-1 Block and the Costayaco field. We are confident that the A-Limestone may represent a significant basin-wide conventional carbonate oil resource play, as recognized by our independent qualified reserve evaluator McDaniel & Associates Consultants Ltd. at 2017 year-end, who assigned Gran Tierra gross unrisked mean prospective resources in the A-Limestone of 822 million barrels of oil equivalent2. As expected with any new play, there are occasional challenges such as the Siriri-1 and CYC-30 wells and a learning curve which we are quickly navigating. The A-Limestone play is still in its infancy and is barely more than a year old. We remain very encouraged about the material prospectivity of the A-Limestone. We look forward to many more years of drilling in this exciting new play in the Putumayo Basin.

Our larger peer Gran Tierra where managed (CEO) by Dana Coffield, one of our directors until ousted, they say they have a new strategy and have a conference call going on from 9am this morning, it would have been really interesting to hear how they intend to expand. Unfortunately I only just realised and I can't find how to join. Maybe they'll publish it later They have growth plans to 50000bpd by 2020, in fact all operators appear to by repositioning for significant growth, and Amerisur needs to start moving a lot faster IMO or we will be swallowed up before they reach their full potential. Also of interest this morning is news reported by Reuters that the Colombian state oil company, Ecopetrol, has announced a massive jump in profits "profit increased 323 percent over 2016", I don't see any reason why Amerisur can't also have a seismic increase in profitability, it may be a little behind the curve WRT others but the $65pb oil price must start to have a significant impact soon. If the oil price holds at anything above $50pb, barring a disaster, I can't see how Amerisur can have anything other than a good year https://www.reuters.com/article/colombia-ecopetrol-results/colombias-ecopetrol-net-profit-rises-sharply-in-2017-idUSL2N1QH2EA They say: "Gran Tierra has fundamentally changed its strategic approach to growth and value creation, as is currently being re-positioned for future success as the preeminent independent producer in Colombia. The Company is focused on its existing portfolio of assets in Colombia and will pursue new growth opportunities throughout Colombia, leveraging the Company�s financial strength."

The where some big settlements after hours yesterday, impossible to tell if they are buys/sells, but I suspect yesterdays trades where balanced overall. Hopefully if nothing else the high volume has cleared the drip feed of selling activity, Steadily rose yesterday, and the same so far today, that perfect allowing all those tempted to sell to depart at a low price - a rise must be sustainable and the tight spread surely reflect the MMs confidence that the current price is low risk.

Apparently, the agreement between ONGC and Geo Park was signed on the 16th Feb yet the press release was yesterday! Is there any significance in waiting 10 days, maybe not. - but a little strange. Giles is in South America (Ecuador) this month, so perhaps possibilities for Amer to partner up with them in Ecuador, in the Malcy interview GC says "I hope we'll conclude some good agreements"

Malcy interview with Giles Clarke touches on the potential interest in CPO-5 block, ONGC in particular - watch from 5m 45s to 9m. The sooner Indico-1 starts drilling the better, Giles is very careful not to over egg things, but he says "if Indico is very successful I think there's going to be a lot of interest in the block", bring it on the sooner the better. http://www.malcysblog.com/2018/01/core-finance-interview-giles-clarke-chairman-amerisur-resources/

easyp - thanks for understanding of my error, I'm glad you highlighted it. For anyone that doesn't know Geo-Park are our neighbour at CPO-5 and have a hugely productive block Llanos 34 as well as various others, in late 2017 they signed a deal to buy into another nearby block so are in buying/consolidation mode. To me CPO-5 appears to be one of the best undeveloped Llanos prospects near to them and the economies of merging operations could be very interesting if they partnered with Amerisur/ONGC - they are a company that gets the drilling done far quicker than ONGC. As well as the article about GC and cricket, our CEO had a little tongue in cheek moment in the Malcy interview (nod and a wink as Malcy does when in the loop IMO) about the Indian partner wishing they could buy up out.. As I recall our CEO said it wasn't for sale.

easyp - another oops, I'm having a bad day, mine was near 40000, actually 39551, I wish I could afford 400000. I'm going to retire for the day in shame now, apologies. I'm very happy with my purchase even if the price doesn't budge for weeks - I agree that the day is a little strange with very few trades, of late there have been dozens a day. For me the most beneficial thing that could happen now is for a buyer to take Rex's shares as a job lot, that would do the trick of allowing a rerate. A bid would not be necessary IMO in order to get 30p/share. Rex is holding the job up, he'll be gone or done eventually in the mean time it's a pain.

Apparently a delegation from Ecuador has been visiting various countries to drum up huge investment in various sector. The biggest ($10 billion) project appears to be a new 325000bpd which they are presenting to the Quatari's, I assume if it was built it could reduce transport costs for Amer and lead to increased oil demand. "DOHA, Feb. 26 (Xinhua) -- Ecuador hopes to attract investment from Qatar and to enhance cooperation by setting up a large petroleum refinery in the Latin American country, Qatar's local media reported Monday. The remarks were made by visiting Ecuador's Minister for Foreign Trade and Investments Pablo Campana Saenz Sunday evening during a meeting with local journalists." http://www.xinhuanet.com/english/2018-02/27/c_137001823.htm

The link below is to the actual press release from Geo-Park, it includes a comment from the CEO: "Commenting, James F. Park, CEO of GeoPark, said: "ONGC is one of the world�s leading oil and gas companies and India is the fastest growing consumer of oil and gas in the world today. We are honored to be given this opportunity to partner with ONGC Videsh and combine efforts to continue expanding across Latin America � a region of unlimited opportunity and very little competition. We also appreciate the recognition that ONGC Videsh has given by this partnership to the hard-working men and women of GeoPark and their tenacious track-record of delivering results and continuous growth." I would have thought they have some project(s) or joint venture(s) in mind already or why sign anything? https://www.businesswire.com/news/home/20180226005623/en/

The last post some how submitted after simply pasting part of article in - basically the rebels have called a temporary ceasefire for the elections, on the 11th I believe, good news and IMO more evidence they want peace. https://www.telesurtv.net/english/news/Colombias-ELN-Announces-Unilateral-Ceasefire-During-Elections-20180226-0019.html

Increases text size - Decreases text size Follow us       Opinion Students and parents arrive for campus orientation at Marjory Stoneman Douglas High in Parkland Another Mass Shooting in the U.S. -- Is There an Epidemic... by Arshad M. Khan Latin American Presidents. From left to right: Evo Morales (Bolivia), Jos� Mujica (Uruguay), Dilma Rousseff (Brazil), Cristina Fernandez (Argentina), Rafael Correa (Ecuador) in 2014. The Strategic Challenge for the Latin American Left by Rafael Correa Maduro has announced his candidacy for a second term 2019-2025. Venezuela Elections: Opposition Chooses to Boycott Democr... by Nino Pagliccia People queue to try to cross into Venezuela from Colombia through the Simon Bolivar international bridge in Cucuta, Colombia February 13, 2018 WSJ�s Epic Distortion of Colombian and Venezuelan Refugee... by Joe Emersberger teleSUR Newsletter teleSUR Get our newsletter delivered directly to your inbox I have already subscribed | Do not show this message again teleSUR The rebels recalled �the importance of moving forward� in the peace talks initiated in Venezuela and reaching the fifth round in Quito, Ecuador, until President Juan Manuel Santos suspended the process. The National Liberation Army, or ELN, announced Monday it will stop all �offensive military operations� between March 9-13 as a �gesture of respect� for the Colombian voters.

I just bought another batch, near 400000, at under 16p, pushed the boat out. lol Geo-Park and ONGC Videsh announced yesterday that they signed of a joint venture on the 16th to buy assets in South America - no prize for guessing what will be top of their list. On the basis of our partner and neighbouring licence holder joining forces our BoD must surely be aware of this and should perhaps make a statement denying or confirming any discussions. The two companies together could carve up Amer and buy our Rex Harrison's shares a job lot with ease. Both companies have cash. Happy to hold and let things pan out now. "ONGC Videsh Ltd., the international arm of Oil & Natural Gas Corp. Ltd., said Feb. 26 it has formed a long-term partnership with India�s GeoPark Ltd. (NYSE: GPRK) to jointly acquire assets across Latin America. The companies have agreed to jointly acquire, invest in, and create value from upstream oil and gas projects with the objective of building a large-scale, economically-profitable and risk-balanced portfolio of assets and operations across Latin America. Latin America is one of the most attractive regions in the world for oil and gas investments, and has an immense hydrocarbon resource potential, according to GeoPark. ONGC Videsh and GeoPark will form a joint business development group headquartered in Bogota, Colombia. Jointly, the companies intend to leverage the platforms, experience and strengths of each company and to create a long-term successful partnership in Latin America to achieve their expansion objectives. The agreement was signed by ONGC Videsh�s CEO and managing director Narendra K. Verma and GeoPark�s CEO James F. Park on February 16, 2018 at ONGC Videsh, Delhi." https://www.epmag.com/ongc-videsh-geopark-form-partnership-latin-america-1685921

The Minister of Mines and Energy was interviewed last week about the recent violence and prospects for the energy industry and made a few interesting comments: "Despite the acts of violence, 2018 is going to be a good year" WRT vandalism acts against the Ecopetrol wells and pipeline attacks that as well as the ELN activity some to the local unrest was the result of political activity rather than real social grievances (there is an election coming up) . He pointed out that the excuse for the vandalism because jobs were not given to locals is not true as Ecopetrol employs about 90% locals for unskilled jobs whereas the requirement is 70% He said "These groups have raised an employability discourse to justify de facto ways in some fields. But Ecopetrol has already reported to the Ministry of Labor the number of jobs and showed that it complies with the regulations: 70 percent of the unskilled labor they employ is local, even they exceed this figure and employ 90 percent. But on that excuse we heard another thesis, that they have commented on the tables that we installed in the region and that it seems that there would seem to be a political issue involved, that is, they would be exchanging votes for positions. One does not make hooded and armed labor protests. Here is a mix of things that apparently include politics and agents fishing in troubled waters to see how companies press. " It makes sense why government infrastructure is the main target for both the ELN and locals and ELN want peace talks to resume and local are politically motivated. After the election it may well all stop, ELN seen desperate to resume talkes.

"A "pre-agreement of continuity" is being sought with the future president, along with a "transition process" guaranteeing dialogue with the next administration." Looks like they're at the early stages of coming to another cease fire. https://www.telesurtv.net/english/news/Colombian-Government-ELN-Negotiate-To-Resume-Peace-Talks-20180222-0027.html

I suspect GCs meeting with the Ecuador president may have already taken place, possible on the 20th when the 4 small field deals where signed. Apparently the president witnessed the new contracts signing ceremony. Amer was not named as a party to anything, but the linked article also seems to refer to other works being agreed, it is ambiguous if they are additional or part to the main contracts. I guess the sort of activity agreed fits with what Amerisur could be looking for - I recall an agreement with Halliburton for the rejuvenation of the Victor Ruales licence, just over the border and on the route of our pipeline was signed a while ago, so perhaps Amersur want to be involved somewhere. Some storage in Ecuador could be very useful to Amerisur IMO. "He also affirmed that contracts were signed in the form of contract for investment of specific services integrated with contractor's funding for the execution of drilling and field complementation activities, restoration of closed fields and construction and expansion of facilities. " I hope the company actually tells shareholders what the meeting achieved and doesn't simply bypass it. https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.co.uk&sl=es&sp=nmt4&u=http://www.andes.info.ec/en/noticias/economy/1/state-owned-petroamazonas-signs-private-investment-contracts-for-696-m&xid=17259,15700022,15700105,15700124,15700149,15700168,15700173,15700201&usg=ALkJrhjIb6Pr6D3Cowj-vaj4TiX7SkAekw

Crikey, "ruffled your feathers" is a massive understatement, you seem to have thrown your toys out of your pram and then thrown the pram, I'm glad you don't know where I live. lol Clearly you have a superiority complex, especially with interpretation of charts, it seems I'm not supposed to have an opinion, just bow to your superior intellect. It hurts that you say "You are unimportant to me" - that's me put in my place, I feel totally humbled and my reputation is in tatters. Sorry when I suggested it was BS, it's a misunderstanding as I meant Brilliantly Superior, you're on a par with the greats, Donald Trump springs to mind he also despises fake news and also works on totally fact based assessments. I actually feel quite honoured to be accused of spreading fake news - isn't it the code name in America for the truth that is unpalatable to someone who thinks he's superior . FYI - I remember the dot com era vividly and stand by my comments, I'm not responding anymore Velo as everyone has got the message and it's getting petty. I am sorry for challenging you in the first place if that helps.

Ruffled your feathers then. lol I think you're over-egging the abuse angle, presumably you are an adult as are all other readers, if you post stand to be challenged without resorting to personal insults, sometimes my comments are tongue in cheek, name calling is not the way. Why do you expect shareholders to simply take your assessment as gospel, when you have declared your hope that the SP will fall. In doing so you are wishing harm on me and other shareholders, you getting in cheap is something I'm not prepared to help facilitate. It's not for fun and you know it. Your objective is the polar opposite of mine and I'll challenge you if I feel it is appropriate - I hope you to continue posting and feel free to challenge me as robustly as you wish - it's called a debate or heated debate.

easyp - you are joking surely? If that's a technical perspective, I'm clearly out of touch, just as Warren Buffett was out of touch when he declared he didn't understand the valuations of Internet companies during the bubble. He and George Soros were treated like has-beens by the clever techies, I recall leading edge becoming bleeding edge and technical exerts justifying valuation of hundreds of �millions on companies with turnovers of less than a sweet shop or even no turnover based on website hits. I am very sceptical of technical analysis - lies, damned lies and statistics springs to mind. If I can dig the Buffett quote out I'll post it, it's a long forgotten one but very apt as it really highlights that interpretation is massively subjective. Velo mate, you seem to be delicately trying to sow seeds of doubt, as if it were needed, you want to trade the share and next thing will be telling us how wonderful everything is . The post comprises "If", "probably" , "maybe", "However", "if", and "likely" over the length of a 2 sentences assessment of a short time span - that's technical? More like concise BS. Sorry Velo, I don't usually have a go like this but your assessment is meaningless IMO, may be correct but it's meaningless, for instance I don't need technical analysis to tell everyone clearly that with the price closing higher today or tomorrow the chances are you will have to pay more to buy in in the short term and if it closes lower then you'll be able to buy in lower. Velo - apologies for being blunt, but I don't understand.

MasterRSI - your resilient enthusiasm is commendable and you may well be right about a bounce, but it really doesn't help us in the scheme of things. I tend towards the Jux viewpoint "Well. once again they have managed to snatch defeat out of the jaws of victory." The management need to step up to the plate and achieve what they promised for once, I remain a committed investor here but I have also retained my sense of reason and it is bloody obvious the management are underachieving operationally. I really don't care about the social issue excuses, pope visits or any other excuses, their job is to deliver and they are failing to do so year after year, all the most plausible excuses don't cut it, it's their job to remove impediments to success. The drilling programme is painfully slow and the slow progress suggests they .will fail to achieve the programme, every week that goes by means lost revenue on ever hole not drilled as all are pushed back i.e. in a scenario where each eventually produced at 200b/d 16 wells producing 200b/d means every day that goes by we lose around $200,000 /day - this has been going on for the last couple of years with delayed progress costing us all very dear when the losses are added together. Shareholders have provided the cash for the programme, why are they not showing any signs of urgency? Rhodi - I agree this should be a sure fire winner, I've invested heavily on that basis, but again it all depends upon the management doing what they are paid handsomely for, generate shareholder value.

BP CEO Bob Dudley �very comfortable� with oil prices �BP expects oil to maintain a price between $50 and $65 a barrel between now and 2020, CEO Bob Dudley said. IMO we should also be happy, the 10% or so fall back from recent highs should not be a problem for Amerisur, they should be accumulating cash at an impressive rate based on what the Chairman recently told us. More than any spike Amerisur needs a steady oil price not one that peaks and collapses every few week, that destroys confidence, we always seem to finish up with a lower SP after the oil price returns to where it started. $60/barrel of the next 2 or 3 years should see the development programme completed and the company's finances in great shape.