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Amerisur is a very low profile oil co that is not on the radar of many investors, so Malcy (I'm not a great fan incidentally) at least caused a few investors to take a look at companies and for that we should all be grateful.

He certainly does often simply rehash RNS's, but someone like me might also allege that he gets wind in news that never becomes general knowledge, trusted to keep a confidence, his blog sometimes inadvertently betrays this as he tries to look clever - you need to know what to look for.

WRT our low profile and PR, I expect the BoD to dish some opinion out possible after the flow rates and then the share price may really start to motor - if the flow rate is good (which I fully expect) .

Historically, Amerisur has been a share for institutional holders and they are the key here to mopping the millions of cheap shares that have changed hands all the way down from a mid 20s SP. Otherwise it is going to be a long haul for PI's and we'll need Malcy on overdrive to get potential investor to give the company any attention.

particularly from anyone with expertise in oil exploration.

I note the following from the RNS:

"The LS3 unit is a high quality sand with some shale intercalations, principally towards the base. The LS3 unit sits upon Palaeozoic basement. In the Company's initial analysis, no Oil-Water-Contact ("OWC") was detected in the wireline logs acquired to date, hence the base of the oil column encountered at the Palaeozoic level represents a Lowest-Known-Oil for the Indico structure. "

"The fact that no OWC was encountered is also very positive for the eventual size of recoverable reserves within the structure. Naturally, given this result, the Company and our partner will be reviewing options for further appraisal wells into the Indico structure in the short term, which will be required to further extend and define the resources encountered."

The question is, are the company perhaps inferring that they feel there could be lower horizons perhaps from below the Palaeozoic basement or that the water contact is at some lower level at some lateral distance i.e. indicating it's widespread nature - to me the first possibility is what it appears to be but I confess I've never worked in the oil industry. If it is the former it assumes then they suspect there are oil bearing horizons below and would perhaps now drill deeper to test. I suppose what I'm really asking is it possible that the oil found so far is being fed from another lower structure as these are heavily faulted areas as I recall?

Whatever the absence of an Oil-Water contact looks to be real good news as a present there inn no limit on the potential size of the find as we don't know the lateral extent in any direction or the depth at which there is no more oil.

persists, I don't think there is anything sinister here though, it's a combination of poor market and Amerisur sentiment but particularly the sell on the news brigade have picked up very cheap shares recently and will take profits.

It everybody's choice to buy or sell, however IMO this is now ready to retrace back to 20p+, it may take a few months as we clear weak and disgruntled holders but for those of us that have been around for years of pain that is no problem at all. I can't think of anything better to do with my money apart from spending it.

There no ambiguity about the significance of the outcome from this well, unlike Mariposa we has a good idea that this is a very significant find that could turn out to be continuous between to 2 wells.

We have much to be optimistic about now, not least the flow rates and pressure information, I suspect that is some detail is missing because they have been forced to release the RNS early by market rumours - possibly coming from the ONGC camp.

IMO - Incredibly positive result, could not be better with an oil column that is significantly thicker than any other in that zone as far as I known - the norm is 100 feet or there about - we now have a potential 209 feet net.

It is an extraordinary result, with no water contact and now the potential of a continuation to Mariposa and maybe even Sol-1

I'm a very happy shareholder this morning, both Parex and Geo Park are $bn asset companies largely based on their prolific adjacent Llanos block.

I wonder if the market will take this discovery positively, remember Mariposa was largely ignored.

Is drifting around $60/barrel ang ;acking direction. I believe it will find direction later today when the results of the oil producers meeting is released, there is low expectations so the upside is good.

I believe they will cut, they have to do it to balance the books and even for Russia all the bravado about not caring about low oil prices is just to look tough, in reality this will be hurting them badly, they have been raiding cash reserves for years now and are apparently annoyed that Donald Trump has done nothing to help them. I believe it was only the oil selling in $ that saved them from disaster as the Rouble weakened.

They all need more $$$.

Ladies, Gentlemen and others, I know most of you will be only be all too acutely aware there is massive uncertainty in the oil market and particularly today and tomorrow.

It's the OPEC meeting today, the question is do they bow to Donald Trump (he tweeted yesterday) for his own domestic political ends or as perhaps serves their own populations reduce production and lift the oil price. That is why there is the anxiety and almost all oil stocks are going deeply into the red.

Lets not get talking about any problem with Amerisur, the reasons for the SP weakness are clear.

A further complication is that OPEC are unlikely to announce anything today as they have a meeting tomorrow to tie in Russia and others - so the bears can have a field day today and into tomorrow. Question is are the Arab nations now DT's puppets? and if so how long before domestic population take to react to their leaders. I suspect some of them could be in trouble at home if they are seen to put the US first - this is likely to be a long running drama IMO.

Apparently ONGC have had permission to conduct 3D Seismic on a prospective area of CPO-5 in Puerto Lopez area for around 18 months ( and done nothing but I won't go into that old chestnut of a debate)

Now ONGC VIDESH has, I presume with support and agreement of Amerisur, redefined the seismic program modifying its area to now incorporate large new area in jurisdiction of Cabuyaro.

It looks like we are going to go big on this, Pg 64 (area plans Pg60 to 64) of the tender document shows the areas and the position of current wells for perspective.

For me the interesting points are that they appear to have identified now prospective areas and are perhaps at long last prioritising the block, this is a large area and though I'm not from an oil background the fact that the permission sought is for 3D seismic suggests they are seriously expecting to identify prospects as that is the expensive stuff. The other takeaway for me was that this appears to be an area to the South and East of our existing drilling programme so is mostly unrelated except in a regional context and I suspect opens up some very big structures in that which the company has previously only shown on the odd plan.

Oh and of course there should be nothing stopping them kicking off a programme in the already permitted area which we previously knew nothing about.

All good IMO, except ONGC's slug like pace, maybe they've now sprung into action.

http://www.ongcvidesh.com/wp-content/uploads/2018/12/Tenderdoc-MMA.pdf

We've been through this already - the website does not purport represent production and doesn't even pretend to represent Amerisurs total OBA throughput. let alone CPO-5.

NH has already been asked about this - I've done with the topic now, everyone believe whatever you like - I prefer facts.

All you sleuths do us a favour and wiat until you have "facts", yes they do matter, to back up claims.

Amerisur production for the last three days is UNKNOWN to everyone even those operating pipelines or pumping stations will only have tentative figures and the link where I assume our friend Niles got those figures from is does not represent production (we don't even know if it's a genuine website or represents OBA throughput.

It is silly, verging on deceitful even if not intended, to suggest what Amerisur production is when you don't know.

I think anyone hoping for a chance to buy in or shorting on the hope of an Indico-1 failure is ignoring the fact that every well drilled on CPO-1 contacted hydrocarbons and it's close relationship to the very successful Mariposa-1 suggest to me it's more a matter of how good it will be,.

In theory it should be much better than Mariposa and may even be connected but as JW has said further up dip.

Analysis so far t is also indicating it is a much bigger structure than Mariposa.

Finally bear in mind other wells in the Llanos have flowed in excess of 10000bpd - shareholders have every right to be optimistic even excited at the 3 + 1 contingent drilling programme now underway. Didn't someone post that JW had said at the AGM they believed Indico could be "filled to spill"

You get the explanations out of a Christmas Cracker if you're lucky along with the other meaningless crap.

How many times must we go through this?

It's not just the recent weakness but the daily fluctuations that are sapping the life out of oil shares.

Fear of further falls sets in and even on the upswings in oil SPs don't respond.

It is currently well overdone for many shares and it can be seen today Amer is not immune after the recent, all be it tiny, recover.

There is no real sense to any of it you either believe the sector is going higher or lower and place your bet.

Credit where credit's due, DT has got his way, a supressed oil price. Unfortunately if it goes too far the industry will stop investment again and shortages will resume. IMO the US has no plan except to play to DTY's supporters and not upset US petrol heads, sod the impact in the longer term. I'm far from convinced that all is as rosy as portrayed on the supply side, it simply suits everyone to big it up. On the positive side if DT does manage to get along with trading partners without causing a feud the oil price could recover sharply based on renewed demand. He really does appear to be a problem for markets and a blessing for speculators, markets don't like uncertainty.

Docisacoc - the mapping of the T and U sands is not going to change anything in respect to bankable reserves.

As no figure was provided previously, there in only one well thus far and it is work in progress the directors can buy perfectly legitimately and the news when it arrives could be very good. They could also buy whilst a well is being drilled provided they didn't know the result.

The T sands could be anything from a huge find if it persists laterally to a small pocket if it is curtailed by a fault or other barrier - but as it underlies the N-sands which were significant I expect a reasonable outcome. Perhaps the more interesting aspect in the longer term is the possibility that the U and T sands or even the N sands are present in the other prospective areas.

Remember the drilled patch was a disappointment in terms of the N Sands but the company left open the possibility that oil could be present elsewhere in the N-sands.

I still think there is a chance the company could launch a drilling programme for the T and U sand this year as all permissions remain in place

There is an attempt to push the SP down before a proper trading pattern is established and then again at or even after close.

The MMs and other entities have not given up on the ploy yet, the recent news has been transformational but I guess it will take time for the market to accept it.

The initial result for Indico-1 and a plan to drill Plat T-sands could be announced any day now - should give the SP another good boost. so 20p+ is easily possible before year end.

Not to be out done Geo Park have announced corporate action - they are buying out a partner for $111m.

Loads of activity in Colombia recently - I wonder if operators have been waiting for the new president to settle in.

I'm sure there will be loads of new deals and consolidation in the next few years and Amerisur may well play a part.

Many of the operators have loads of cash, this week Fonterra announced they have cleared a refinancing and they now have even more clout for corporate action.

https://www.businesswire.com/news/home/20181127005547/en/GeoPark-Announces-Agreement-Acquire-Colombia-Chile-Oil

Wolster - No, not for CPO-5 unless we discover a major reservoir 1bn barrels would be nice (I'm not seriously contemplating it of course lol) and even then there are better routes to market that transporting it inland.

There is apparently good infrastructure in terms of oil clearance much closer as other nearby block operators have been transporting for years.

Great news - as I said yesterday if GC buys it's likely we have turned the corner and already seen bottom.

Whatever complaints I have had about GC, there is no denying he is a very shred businessman and would not buy simply to show solidarity or please shareholders - he thinks it's a good buy in price that's the limit of it.

Incidentally, GC or Directors could buy more in the coming weeks, though they will probably have to wait until after the Indico result unless they buy in the next few sessions.

It is very early days in respect to the new partnership, but we already have a lot of information to consider, via the presentation.

First thing is the company say immediately this is a Transformation deal - no ifs. buts or maybe's from a company that has been incredibly cautious in it's statements The presentation is entitled: "TRANSFORMATIONAL FARM-OUT TO OCCIDENTAL ADINA".

They discuss action in all associated blocks, but the interesting aspects that truck me where that the Seismic acquisition is by far the largest proportion of the farm-out spending commitment at $55.25m. Suggests to me they are going to create a huge amount of data and potential for identifying significant prospects - so IMO prospectively an thus investor interest is going to raised significantly. This should be the start of a journey (maybe transformational) to becoming a significant operator in Colombia.

The other thing that I noticed was that there is no Seismic planned for Mecaya, but a well is included - doers that mean we have an identified drill site? Secondly, I doubt its for the 4m barrel potential already accessed be Mecaya-1

THe deal adds so much value both initially and more importantly in the next couple of years, the initial expenditure is basically data acquisition and exploration, assuming some success the subsequent programme could be much bigger.

Finally, I think shorters with any brains will be very cautious now as Indico could be reported very soon, IMI then usual retrace we have seen so many times is highly unlikely under the current circumstances

Our BoD have previously followed a pecking order putting non-execs first and going up the seniority through to JW in taking turns at directors buys - I suspect in order to give opportunities to the less well remunerated first.

Anyway recently there has been one notable absentee from the list, our Chairman. If he buys IMO you can bet your shirt on the fact our BoD believe we are at rock bottom.

He is shrewd and as I recall, has bought in and sold previously at very opportune moment going back to the early days when the central trio took control of the company.

JW's buy is fantastic news, a buy from GC is likely to be very large if he does dip his toe in and will round things off nicely IMO.