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The increase, though welcome is a joke when you consider the oil price and performance. We still have someone( group) putting the break on an until they've the we won't see a fair price.

Performance was as expected, but nothing to get excited about, we need to see a pattern of increasing output. There where a couple oft significant things though, the news on the pump IMO signifies that at long last they have the confidence in reliability of Equador pipeline throughput to actually spend on upgrading infrastructure and shows they really do expect imminent production increases. The other thing was the zero lost days, backs up their assertion that local troubles are/have dissipated, great stuff. So IMO great news. ONGC also put a new tender out for CPO-5, this time for the provision of Security services for the whole block - maybe they are planning to accelerate development because as part of the reasoning is for security of Indian ex-pats who are to travel to the country, which in turn "hopefully" suggests they are planning a bigger presence in the block and not simply contracting everything out as could perhaps have been inferred by their previous tenders. I really wish they would announce an acceleration of exploration as the area immediately around is prolific - yesterday, evidenced again by Geopark, they announced another well completed with oil flowing at near a thousand barrels/day from block Llanos 34, immediately to the north of CPO-5 http://www.businesswire.com/news/home/20171106005689/en/GeoPark-Announces-Extension-TiganaJacana-Oil-Field-Play

BaileyC - I think it's safe to assume there are no big hitters on the share register or tracking this. Not Warren Buffett's type of investment - he generally likes a return on his money. One thing is for sure IMO if he or any of his peers where on the register, our directors would have been up the road years ago. (perhaps with the exception of the CEO who is allegedly real hydrocarbons man).

" Difficult to read much into it " lol Massive understatement there mate, I find it impossible to work out what's going on. I simply work on the basis that several interested parties are controlling the price, PI buying makes sod all difference and we can merely commit our cash (or not) and wait until the underlying story unfolds.

WRT to our sp, as commented recently be others, it is ridiculous that the sp has not reflected the increase in oil price or production - it's very frusrating. We really need new buyers or one large buyer to enter the fray and finally take up our sellers shares - we are basically locked in a cycle where presumably the seller will stifle any rise and I'm not sure that director buys or good news alone will break it. Took a look at historic SP and at the absolute bottom of the oil price crisis the SP was around current levels, actually about 10% higher (Jan 16) - at the time Amer had determined to contract and with no clear future(as with the rest of the industry). Now the oil price has almost doubled, the company have a plan and massively improved production and potential. It really is crazy, but I will sit tight and wait for things to pan out.

The ONGL tender for purchase of Mariposa oil should be awarded any day, there are some interesting comments in the answer to bidder question document. They confirm that the 3200 barrels headline figure is not divisible and the buyer will be required to take all of the oil. They where also requested to ease the period for mobilisation for trucks etc after contract award from 2 to 5 days - they refused and gave easement to 3 - how big-hearted. They really are hypocrites when they have taken so long and can surely sort out award in good time for production with a little effort. IMO putting on harsh constraints merely cuts out competition to those with trucks already standing, doing nothing and risks lowering the offer price - but what do I know - nowt. Also VITOL are mentioned as producing documentation for bidders - are the world's largest oil trader acting as some sort of agent maybe?

BaileyClark - I agree with all you say, he is someone you would want on your team, my concern is that he's not really in it, simply along for the ride and pocketing the cash. If I saw evidence of the guy getting involved and concerned I would be more than happy, he could make a massive contribution if he was inclined to - he seems to have other interests that take higher priority though. I would have been impressed if he knocked a few heads together over the continual failure to meet targets - said anything to acknowledge shortcomings and action to rectify. But nothing that I'm aware of, that's why I called for his removal, if he won't take tough action to clear problems, including personnel if necessary, then the blame ultimately falls squarely on him and the CEO).

Let another director showing support? More likely they know it's a great investment at the current price. Rich and over rewarded the directors may well be, butv they are largely a greedy bunch that only put their hand in their pocket if there is some payback. "Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announces that on 30 October 2017 Dana Coffield, Independent Non-executive Director of Amerisur, acquired 151,000 ordinary shares of 0.1 pence at a price of 19.77 pence per share, for a total cost of �29,853." Notably Giles seems to show little support in fact on previous occasion selling shares at a high price whilst almost simultaneously exercising cheap warrants (insult to shareholders) - hope he doesn't do that again. Incidentally, as someone that has called for a director to fall on their sword previously (preferably GC), it just crossed my mind maybe GC is for the off, as Dana Coffield is allegedly looking for a new venture and led a bigger company then Amerisur in the same region so perhaps he is ideally qualified to take over. WRT to GC I get annoyed whenever I do a search on him and find only recent stuff on his other interests, predominantly cricket - no signs of any endeavours on Amerisur's behalf. A bit of visible commitment from someone who is key to Amer's success and obviously a very capable man picking up very lucrative benefits would be appreciated. If he buys a few million shares in open market (without selling) I would be very impressed - he is allegedly a very rich man

woody - it's new. Another good RNS, I don't know what the Oct production will be but I would be surprised if they don't exit Nov at over 7000bpd They keep finding oil at additional horizons that they expect to be thicker to the North - it's very encouraging and the drill campaign looks like being very interesting.

The Director has given a massive endorsement of the company IMO, he's not one of the highly rewarded inner team and really didn't need to buy that large quantity. Certainly not a token gesture as Bailey has pointed out. Geopark whose prolific Llanos 34 licence ( 230 mmbo 3P, and increased production over 50,000 gross bopd) is immediately north of out CPO-5 have today announced they have partnered with company Cespa of an adjacent block and will earn a potential 85% interest for spending 7-8 $million. Very interesting that there are still great deals to be done for successful operators, it looks cheap considering location, if there are still distressed companies Amerisur would do well to look for more deals while there are desirable assets up for grabs. James F. Park, CEO of GeoPark, said: "This is a very significant addition to our oil and gas inventory due to its geographical and geological proximity to our successful Block Llanos 34 that grows quickly. Represents more land and prospects with value for further expand the play of petroleum of high structural and stratigraphic impact of which we are pioneers in the Llanos Basin. We look forward to our first partnership with the CEPSA has an important presence and history of success in Latin America. "

Is where the OBA pipeline runs to in Ecuador and is/was apparently a big field. In 2016 the "Igapo Consortium" Chinese I think and "Halliburton" signed up to operate the field with the national oil company to improve the waning production as output declines - Ecuador has signed agreements to do this with loads of mature fields. So nothing new along the pipeline for Amer to find, it appears to terminate under 3 miles from the river at the first VH Field pad with a 5000 barrel receiving tank.. It's pretty obvious that the Ecuadorian output (not sure what/if they are producing) will take precedence - perhaps as bigger tank would be beneficial in light of the troubles in Colombia, shout shutdowns would then not result in lost permitted throughput. From Feb 2016 on OBA progress: "That licence has allowed Amerisur to begin drilling and installing the pipeline underneath a river crossing in Ecuador, which it said will take around 35 days to complete. The other 3.9 kilometres of pipeline from the Victor Hugo Ruales field to the river crosssing is also being buried and constructed. Civil works at the reception area of Oleoducto Binacional Amerisur and the 5,000-barrel reception tank in Ecuador have been completed and other piping and instrumentation is 72% complete, the company said. "

As I recall the article I read talked of 16 new licences in three different parts of the country, but I suspect the licences along and around Amerisur's pipeline in Ecuador are already assigned, but there seems to be a lot of assets for sale in South America at a good price. I suspect they have enough on their plate for the next year or so, though the company seem keen to expand their licence area.

Have just managed to get bond financing at a reasonable rates (not by Western standards) for the S American risk, unlike Venezuela they are not a basket case, and the newly elected President has surprised positively with his pro-business attitude. He supposedly wants to rejuvenate the floundering oil industry, issuing new licences and offering more commercial terms and encouraging drilling (even planning in National park). It will include sorting out infrastructure I expect it must do (hope) and should be a positive for Amerisur in respect of negotiations and transport costs. When elected the guy was expected to take a hard nationalistic attitude to business like predecessors but has quickly moderated his approach - perhaps looking at the fate of Venezuela has focused the thought of many of the left wing S American governments. They apparently are not and have no intention of limiting production to suit OPEC. Just read an article about Venezuela, apparently they can't even but the Chemicals and services to clean up the crude oil sufficiently for export and many shipments are being refused - lots of staff are leaving so perhaps that will put downward pressure of Amerisur's costs. Not sure Amer would ever consider taking on a new oil patch in either Ecuador or Venezuela though - Rosneft appear to be all over the latter like a rash, the.Russian are great at exploiting a situation. We should surely be hearing some progress on the pipeline negotiations soon.

News should be only a week or two away, but we really can't have another failure, the SP is bobbling about and probably weaken slowly now there is some confidence that good times are so close. I'm sure we'll all be disappointed (I definitely will) if news flow is not strong for the remainder of the year. WRT to recent posts, I really don't believe we have a substantial buyer of shares and not even sure the seller(s) are intending to sell many more, IMO the future SP this year will most likely be determined by the BoD's achievements / failures. No Pope Visit, Floods or Social disruption excuses will wash, it's been too many times blaming things beyond control.

Michinoko and GC connections are opaque but they are involved in other venture(s) together as previously posted - Rex Harbour's place in this on the other hand is even more hazy to say the least - but that doesn't mean links don't exist. After bakoven's post yesterday I decided to do a little digging: Rex is allegedly of British/South African citizenship with his investment company based in the UK. Clearly he is very rich and I reckon possibly aligned with other wealthy entities that value privacy. First thing to mention is that reading the latest holding RNS, Rex didn't disclose his sales - "Amerisur has received notification from its registrar, Capita Asset Services" possibly as a result of asking them to check all major shareholders. We can criticise Rex (and have)for not informing the market but actually there is nothing compelling foreign shareholders to inform and the rules appear pathetically enforced in any case. I found the South African thing very interesting as GC an Michinoko are connected via mining ventures in SA. A search of Rex reveals he (or his family) also have interests in South African mining which would explain why he is selling down his Amerisur holding rather than any loss of faith. Apparently he (his company) is the main creditor of a gold tailing treatment company called Mintails, it was quite a big outfit (1000+ employees) that hit the skids a while ago and called in a Business Rescue specialist Rex's company "Paige" is the main creditor and I suppose stands to lose a heck of a chunk of money if the business isn't rescued, so they have agreed to finance it and even introduced another financier. The articles I have read express surprise that Paige are doing it (looks like a dead duck/ money pit to me). But it explains why Rex is selling Amer - he is sort of a distressed seller and must raise the promised cash - only yesterday it was reported "Mintails completes restructuring of its operations" so Rex seems to have provided the promised Money for phase 1, most likely needs to stump up more for phase 2, if Mintails sell assets apparently he will claw back some of his committed cash The good thing for me wrt Mintails is it explains the selling and suggests there is nothing nasty associated with Amerisur that is causing him to dispose of shares (always a worry that they are in the know) - we could also assume that he may keep an interest when enough capital is raised to save Mintails. So IMO he isn't the villain here simply exercising his right, even very rich people don't have millions sitting around in bank accounts and need to sell assets occasionally. https://www.businesslive.co.za/bd/companies/mining/2017-10-18-mintails-completes-restructuring-of-its-operations/

Mixed bag, Mariposa moves to month end - not surprising I suppose, P25 looks like it has helped identify the field boundary and the unexpected N sand oil is very good news for the anomaly which is one of our big hopes for additional production. Side track back towards the more productive area delays things a couple of weeks but is not significant in the scheme of things.

Andreaban - don't be sorry. I make loads of mistakes in my posts (everyone will have noticed my typose and missed words), also beware of some publications changing to date on the webpage so you can't tell how old it is, I've been caught out with that, whilst others seem to re-publish pages I guess to attract filtered views. The point you where making holds good IMO, I was aware of Tony Hayward looking for opportunities in South America and Africa (I think on behalf of New Age or Genl) ages ago and assume he is still looking for the right deal . Allegedly that's why he's pumping Genl. The ultimate target will probably be a larger outfit than Amer, but they could look at Amer as a vehicle to start I suppose - IMO Hayward, did a terrible job with Genl, Nat Rothschild must wish he'd never heard of the Kurdistan, the company has been trashed but I suppose mud doesn't stick to some people. Interestingly there seems to be a herd mentality with the big players in the oil industry and I suppose any activity that was to highlight the potential of Colombia would have a positive effect on Amer. There are lots of potential buyers about, for instance Sinopec are already partnering with ONGC and Chinese nationals are buying assets all over the world. There are dozens of companies with huge cash piles still sitting on the side-lines.

Is hopefully on test now and we should soon get an update, hopefully it will be another 1000bpd well.

Wuffle - don't be so hard on yourself - I paid well over 20p for mine, so if you're and idiot what does that make me? Please don't answer, it's a rhetorical question and I fear the answer. lol

On transport costs, another operator in the Llanos has just agreed to buy the remaining share in one of it part owned companies apparently to specifically to strike new deals to reduce transport costs. Transport is evidently a big issue in all areas in Colombia and to some extent it seems that cracking the problem is the key to success for oil producers - as we all know only too well with the OBA. The OBA could become a very valuable asset in its own right if the company can get flow rates to levels were they can sell capacity - though I would much sooner Amer be pumping 50000bpd through it (fat chance of that lol), any additional income is good. http://www.marketwatch.com/story/frontera-announces-the-signing-of-an-agreement-for-the-strategic-acquisition-of-pacific-midstream-limited-2017-10-16