Member Info for Moneylender

JTD, not sure I agree with you about directors being ousted. They hold nearly 5% between them and with GC's "mate" Minchinoko holding over 11% they contol a pretty heft slice. Of course if Michinoko does a Rex then its all to play for, but somehow I doubt it. They have GC's ear and are fully aware of the long term game plan.

On a different tack I do like Bays theory of a joint venture with GTE that makes total sense and if the Vetra deal not done we could well benefit somewhat from it. All to play for and grateful to RH for this buying period!

oops ignore that, wrong board.

<a href="http://tinypic.com?ref=zwxkww" target="_blank"><img src="http://i67.tinypic.com/zwxkww.jpg" border="0" alt="Image and video hosting by TinyPic"></a>

28 days is the time frame according to the Co.
Lets hope they dont miss this one.

Dont forget that over 60% of the shares are held by institutions here, so as soon as joe public tries to jump on, the train will have left the station and the price will move very quickly.

httPs://www.voxmarkets.co.uk/series/moving-averages-2018?mediaAssetId=5b87b3a7093b80001100eefb&jwsource=cl

Podcast

Wrong Congo!

Wuffle thanks for that.
Trying to keep up with all these different blocks and routes to market is severely testing my old brain cells.

Baysilhope, that article is 6 years old! Things have moved on the infrastructure in Ecuador has deteriorated over that period. Also I am confused are the OCP and PetroAmazonas RODA pipeline one of the same?? Its the latter that our OBA connects to.

BaysilHope, I read your post and am confused. You seem to infer that cpo5 oil will go through the oba, as I am sure you know this is not the case. Just wanted to clarify for others. M

Oops missed out the link!

https://www.share-talk.com/share-news/show-us-the-growth-investors-tell-gold-miners-rio-tinto-in-western-australias-remote-paterson-province/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare

Rio Tinto

The big let-down at Diggers & Dealers was Rio Tinto’s continued hush-hush stance on its copper (and gold?) discovery among the sand dunes of Western Australia’s remote Paterson province.

A bunch of juniors active in the Paterson – including Antipa, Sipa, Encounter, Red Metals, Alloy and the London-listed Greatland Gold – have been hanging out for Rio to go public with the discovery, even if it is early days.

The discovery is the one that tech-savvy industry types have resorted to tracking by satellite after Rio went on one of the biggest land grabs in Aussie exploration history, increasing its Paterson footprint from 2,300sqkm in December last year to more than 10,000sqkm since.

Located about 120km north-north-west of Newcrest Mining’s once Tier 1 gold-copper operation, the Rio discovery has also seen Fortescue go from no presence in December last year to 4,500sqkm in the northern reaches of the Paterson.

Interesting Holding notice in Great Western Mining #GWMO Seems Sanderson Capital see value here too. From 0 to just over 4%. Would not be surprised to see these trade towards a penny again next wk.

9 August 2018 Amerisur Resources Plc ("Amerisur" or the "Company") Operational and production update Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an operations update including unaudited production from the Company's two producing fields for the month of July 2018. Chiritza The Chiritza re-pumping station project continues to advance ahead of schedule. On 6 August 2018, the tie-in of the Chiritza manifold to the RODA main line was successfully performed. The Company is currently installing the booster pumps and control systems. The Chiritza station is expected to be commissioned in September 2018, on budget and ahead of schedule. Once completed Amerisur will have access to a minimum daily carrying capacity of 9,000 bopd through the RODA system. The Company wishes to express its gratitude to Petroamazonas EP, RODA and the Ecuadorian Government for their support in expediting this highly complex engineering operation. Platanillo-22 Workover Further to the announcement on 24 July 2018, the initial phase of the Platanillo-22 workover has been successful. The logs run in the well indicated that a severe degradation of the cement sheath had occurred, giving direct communication to a deeper aquifer. This communication served to reduce oil production significantly while increasing water cut and flowing water into the oil leg of the reservoir. The reason for this degradation is not known. A cement squeeze operation was performed, and subsequent logs indicated that full integrity between the oil leg and the aquifer has been recovered. The well was recompleted and partially perforated on 2 August 2018 in order to confirm the isolation at low production rates. The well is now producing approximately 360 bopd at a low pump rate, and the water cut is at 3.2% and steadily declining. This water is assumed to be a product of the water flowed into the oil leg while the aquifer cross flow was occurring. The well will remain under observation at these parameters for approximately a further five days, after which a further perforation and pump increase will be performed to increase production rate. Pintadillo-1 The Company expects to mobilise Rig D-10 to drill Pintadillo-1 once the ongoing work on Platanillo-22 is completed. A further announcement will be made on the date of spud. The N Sand anomaly at Pintadillo is one of four such anomalies identified by the Company in the central part of the Platanillo block. It is estimated to hold P50 resources of 11.44 mmbo. July production Total production during the month of July was 150,911 BO, equating to an average daily production of 4,868 bopd, with peak daily production of 5,119 bopd. July production was impacted by the work on Platanillo-22. Total OBA export volume was 121,785 BO, equating to an average daily throughput of 3,929 BO, with peak d

Dividend was never on the cards in the near to medium time frame, you just mis read what he was saying! Amer will develop the Puntamayo basin along with some acerage in Ecuador, eventually being sold for many multiples of todays price.

Be surprised if production from Puntamayo is much above 4000 bopd.

So it's increased acerage, 3M dollars in the kitty, another route into our oba and all work is far enough down the road so no strain on capex. Win win, I think.

Think you're about 3M out

Problems at LSE this morning. Prices are wrong.

$50M on one well in Colombia is a sure way to the bankruptcy courts imv! They have to be pretty certain of whats down there but 16000 feet is a long way down.