Member Info for Moneylender

Yorkshire life I think you are spot on. RH is far too savvy and rich to be just selling his stock, he is also shorting the life out of this share and may well continue taking the price to single figures!! Bear in mind that a lot of his stock was bought at single figures so he is still making a killing here.

Looking strong to end the week.

https://www.thetimes.co.uk/edition/business/endemol-will-not-be-part-of-bigger-picture-at-itv-g7v7qnmsq Anyone have access??

Also at that time he wanted a seat on the board for his son, that would have been the precursor for him to take over the company. His request was rejected and as they say, the rest is history!

Harrison told us that Amerisur is now producing around 4,000bopd across the Platanillo field, a figure he describes as a ‘baseline’ level of production.

This is from an interview released today, are they the September figures????

hTtp://www.valuethemarkets.com/index.php/2018/10/04/amerisur-resources-drilling-programme-can-put-stop-recent-rough-patch-amer/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

#AMER Very good news this morning. Last week's duster flows at 600 bopd under natural flow.

Great Western Mining (AIM: GWMO, ESM: 8GW) provides the following update on its M2 Copper-Gold prospect in Mineral County, Nevada, USA.



Highlights



· 16% increase in the JORC compliant resource to 4.28 million tonnes of 0.45% Cu



· Assay results from all 40 M2 RC holes have now been received and a further round of infill and step-out drilling being evaluated



· Potential to deliver a further substantial increase in the quantum of mineral resource and an upgrade of the JORC classification



Resource Update



In 2014 a maiden JORC resource was established at M2 consisting of 3.7 million tonnes of 0.44% Cu at a 0.15% cut-off. The mineral resource was established after completion of 32 reverse circulation ("RC") boreholes for an aggregate total of 5,042 metres.



WT Cohan & Associates Inc ("WTC"), consultants to the Company, have reviewed the previous resource estimate by using block modelling software RockWorks16 created by RockWare of Golden, Colorado, USA.



The WTC JORC compliant resource estimate at a 0.2% cut-off grade is detailed in the table below:

I read thru the RNS's last night, they are running around in circles, contradicting themselves all over. I really cant see ONGC drilling 3 wells or even spudding them this year. Lets be honest we were expecting Indico to be spudded 6 months ago. 2018 has been a total management cockup as far as I see it. They have a lot to do to redeem themselves.

I have just asked why those figures weren't highlighted this week. Let you know if and when I get an answer.

Doc I have no idea, infact I am wondering if the June RNS is correct, otherwise they should have presented better figures.

Doc, according to the RNS 8th June Plat 20 is producing nearly 1000 bopd.

8 June 2018 The Platanillo-20 treatment was also successful, returning production to approximately 945 bopd.
4 May 2017 an organic chemical treatment has been trialled on well Platanillo-8. This well, in a similar manner to some other producing wells, had suffered a decline in production, with a pre-treatment production level of 108 bopd. Following treatment the well is producing approximately 350 bopd in a stable manner.
21 Sept 2016. The Company is expecting a 2016 exit production rate of 7,200 BOPD and to produce between 7,500 and 8,500 BOPD in 2017
12 July 2016 Platanillo-8
The infill well at Platanillo-8 has been drilled to Total Depth ("TD") of 8,719 feet on Pad 5S and a 7 inch casing has been run and successfully cemented. Schlumberger electric logs indicate the well encountered oil columns in the Upper U, Lower U and T sands, with excellent reservoir quality. The N sand was not well developed at this position, in line with Amerisur´s seismic attribute predictive model.
4 May 2016 Which produced an average of 4,437 BOPD during 2015.

http://www.valuethemarkets.com/index.php/2018/09/25/amerisurs-cfo-harrison-real-impact-todays-drilling-disappointment-major-programme-continues-amer/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

Still here as well although I did resist a top up this morning, I think there might be a better opportunity in the weeks ahead. This year is a total disaster for Aer.

2018 targeting 16 wells.

Sofar, 1 well drilled and 2 more still going ahead. Thats indico and Mirraparriba, some seismics at Put 12 & Put 9, current production circa 5500bopd and a pipeline able to accomodate 9k bopd.

2017 Eoy production a fictional 7000bopd, LTIP awards of 13M shares and sweet FA to all shareholders. No wonder RH been selling.

An awful lot now rests with CPO-5, oh hang on didnt Laptop say we will get a divi this year!

Lets not misunderstand this, this result is a huge disappointment.

Not the result I was expecting, no oil in the primary target.

jqnewcastle, The info re RH is from RNS's. 12/2 he had 56M, 6/9 he had 34M apx 31 weeks x 5. equals apx 135k per day. If my matths are correct.

The info re the drillbit is a process of deduction and could be out a day or so, but I doubt it.

Welcome to the club.

C Drake not that it makes any difference but RH's disposal this year has averaged out @ 135k per working day, agreed the last notification period it was circa 300k/ day.

Leas keep your eyes on the screen over the next couple of days then! News expected within 48 hours!

Looking at the trades over the past week I think RH is no longer a seller and will probably keep whatever stock he has left. 30 odd million mostly bought in single figures will still reap him a handsome profit, and you never know he might be buying again soon!

JTD
Nothing wrong with your memory, the licence was modified as per Johns statement

"The modification application was
submitted on 18 August to ANLA and approved in
early April 2018. This modification allows the building
of a 3.8 kilometre access road and six well pads, with
up to seven wells per pad."