Member Info for Rocket79

More consolidation of Colombias oil and gas assets as they are highly attractive. GeoPark Ltd. has agreed to acquire LG International Corp.’s interest in its Colombian and Chilean operations and subsidiaries, bringing GeoPark’s equity interest in the assets to 100%. The businesses consist of multiple hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block (GeoPark operated, 45%) in Colombia (OGJ Online, Sept. 8, 2017). The acquisition price includes a fixed payment of $81 million at closing, plus two installments of $15 million to be paid in June 2019 and June 2020. Three contingent payments of $5 million each could be payable over the next 3 years, subject to certain production thresholds being exceeded. Closing is expected by Nov. 28.

12p floor. The share price will now rise to a valuation linked to fundamentals which is well above 20p imo

16p first major resistance so 16p will easily be this week imo

Excellent posts guys. Don't think we will be under 20p for long. Institutions will be hoovering up the shares in next few weeks imo. Exciting times.

RBC has a sector perform and a price target of 20p for AMER. It also says that Amerisur has announced a material deal that introduces Occidental (2nd largest producer in Columbia) to southern Columbia for the first time. It initiates activity in a dormant part of the portfolio but with the scale of opportunity (656 mmbbls) to attract a 650,000 boe/d oil company. https://www.standard.co.uk/business/smallcap-spotlight-shares-in-oil-explorer-amerisur-resources-jump-a3998196.html As I said yesterday, such multinational oil companies will not be interested in a prospective oil field that produces just a few hundreds of oil barrels per day! In my opinion, with a current production of 650,000 boe/d, they will be after prospective oil fields that produce several thousands of oil barrels per day. If they are successful, the effect on Amerisur share price would just be massive!

Looking forward to positive coverage in the media over weekend. This is ridiculously cheap at 12p I'm confident in 20p being hit next week. Good luck all

20p next week once this transformational news sinks in. Strong Buy anywhere under 20p.

20p first stop this is going to fly today. Great news

Wow Rex is out now imo this is going to rerate. Good luck all

Yes I know but the strategic partnershipwith ONGC our partner should not be underestimated imo. Good luck

Takeover coming very soon imo goto be above 30p imo BOGOTA, Colombia--(BUSINESS WIRE)--ONGC Videsh, the wholly-owned subsidiary and international arm of Oil and Natural Gas Corporation Limited (ONGC), India’s national oil company, and GeoPark, the Latin American oil and gas explorer, operator and consolidator, are pleased to announce the formation of a new long-term strategic partnership 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. Https://www.businesswire.com/news/home/20180226005623/en/ONGC-Videsh-GeoPark-Announce-Strategic-Latin-American

Directors were filling their boots 15p-20p this is a Strong Buy at this price John Wardle Buy 395,000 @ 20.25p Date 23 May 2018 Trade Value £79,987.50 Dana Coffield Buy 216,000 @ 15.82p Date 18 Apr 2018 Trade Value £34,171.20 John Wardle Buy 322,000 @ 15.50p Date 17 Apr 2018 Trade Value £49,910.00 Dana Coffield Buy 233,000 @ 15.11p Date 17 Apr 2018 Trade Value £35,206.30 Chris Jenkins Buy 200,000 @ 15.06p Date 16 Apr 2018 Trade Value £30,120.00

This is ridiculously cheap at this price. Strong Buy.

These should be trading above 20p on current fundamentals. This is ridiculously undervalued and I expect the share price to rise accordingly. Strong Buy

With production costs under $20 per barrel,netback is around $45. At 5000 bopd this is very lucrative. No debt and exciting drill program this is a BUY at this price.

Well done ML

I suspect they would still be closed period as Indico 1 drilling.

This could hit 20p if Indico 1 hits "I am also pleased at the progress achieved by our partner in the CPO-5 block, where we look forward to entering the potential reservoir in this exciting prospect"

Agree could be very lucrative. Strong Buy

Excellent news. Anything else which was price sensitive would need to have been released.