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Any dip in price is a massive buying opportunity imo. They are currently getting $45 net back bopd. Cost of production is below $20.

Well said coloneldrake

Amerisur Resources. AMER has announced that the Indico-1 well on CPO-5 is due to spud ‘imminently ‘ which is highly encouraging. This is the same play as Mariposa-1 and if it comes in will be extremely meaningful for the company. With existing production and a host of potentially massive wells coming up at 10p the shares are uncommonly cheap and must be a lock away for long term invest.

2nd week in December I'm looking for an update

Amerisur Resources AMER has announced that the Indico-1 well on CPO-5 is due to spud ‘imminently ‘ which is highly encouraging. This is the same play as Mariposa-1 and if it comes in will be extremely meaningful for the company. With existing production and a host of potentially massive wells coming up at 10p the shares are uncommonly cheap and must be a lock away for long term invest.

This will be over 20p by end of year with current oil price and production. One of the most undervalued oil plays imo along with no debt make this a strong Buy good luck all.

Amuriser is now almost one of my biggest holdings in my AIM portfolio. At these prices it's a steal. I may derisk once we hit 30p which is possible within the next 12 months. Good luck all

Share price was above 30p with lower oil price, lower production and no OBA pipeline so production costs were higher. 300k income a day at current oil price. Buying shares at this price a no-brainer imo This is a Strong Buy imo

Amerisur is ridiculously cheap at this price. Producing oil, no debt and drill bit turning. This is a cash cow in the making.

They surely must be looking at Amerisur as a potential takeover target. Amerisur did some good business when oil price was on its knees picking up some very attractive blocks.Now producing oil and the drill bit turning this is a strong Buy imo

20p would be a good base. Agree this is undervalued in current assets and production.

Amerisur Resources AMER has announced that the Indico-1 well on CPO-5 is due to spud ‘imminently ‘ which is highly encouraging. This is the same play as Mariposa-1 and if it comes in will be extremely meaningful for the company. With existing production and a host of potentially massive wells coming up at 10p the shares are uncommonly cheap and must be a lock away for long term invest Visit source site https://malcysblog.com/2018/11/rose-genel-amerisur...

Strong Buy Net back is currently around $60 per barrel. This is a cash cow on the making. Potential dividend at some point. Good luck all. DYOR

The chance of takeover has definately increased now with the following news... Https://www.businesswire.com/news/home/20180226005623/en/ONGC-Videsh-GeoPark-Announce-Strategic-Latin-American Amerisur made some outstanding acquisitions when the oil price was rock bottom. These have got to be on the radar of some major oil companies now.

Lots of buying pressure today. If seller has cleared this will move above 20p pronto imo

The chance of takeover has definately increased reading the following news... Https://www.businesswire.com/news/home/20180226005623/en/ONGC-Videsh-GeoPark-Announce-Strategic-Latin-American Amerisur made some outstanding acquisitions when the oil price was rock bottom. These have got to be on the radar of some major oil companies now.

Net back is currently around $60 per barrel. This is a cash cow on the making. Potential dividend at some point. Good luck all

This is as Strong Buy. No smoke without fire.

Investors Chronicle rates this a BUY. Good luck all

Exactly this is a screaming BUY. All bad news more than priced in. This is oversold and due a bounce.