Member Info for Samroy

Thanks for sharing laptop. Everything is coming together here, well we’ve had the starter not long for the main course, expecting the sp to move up in anticipation for the drill results. Institutions have been buying as we’ve seen from the intrims results and yet no TR1s wonder when we will see them?

Under our conservative assumptions, we estimate that the (risked) core value of the
Platanillo field is 14p/sh thus underpinning the current price. When corporate effects and
plus CPO-5 (Mariposa) are included, we derive a tangible NAV of 23p/sh from which we
derive our target price. We have downgraded our production forecast for 2018 (now
6,000bopd) at Platanillo, to reflect the reduced production in recent months, which has
resulted in the modest downgrade to 23p (from 24p). However, the indication of the wider
potential from the portfolio is included in our RENAV, which we estimate as being worth
54p/sh (risked).
Amerisur plans to drill at least 14 wells through to the end of 2019. The programme is
detailed previously, and success should see the market rerating the stock accordingly.

Amerisur Resources I 14 September 2018

Production improved in the period to 5,959bopd (1H17 4,475bopd), despite a drop-
off in 02 as a result of maintenance and workovers at Platanillo. The Platanillo-22 well
was disappointing, although is now producing over 515bopd following cement repair
and remedial work. Current production is around 5.000bopd. and is anticipated to rise
further given upcoming wells and completion of workovers. Exports through the OBA
continue to rise, (4.987bopd vs 1H17 3,936bopd). although opex rose slightly to
$20.5/bbl (from $18.5/bbl) as a consequence of higher fixed costs incurred for the
higher level of production in 2017, which in turn saw production drop as a
consequence of the wider workover/maintenance programme in recent months.
However, we would expect that this will return to prior levels as production grows
Chiritza offers step-change in export capacity
The upgrade of the pumping station at Chiritza in Ecuador. will see the increase in
OBA capacity to 9,000bopd (from 5,000bopd). The project has been completed on
budget and ahead of schedule. Whilst the increased ullage is welcome. it is not
providing an immediate reduction in costs at the current time given production levels.
It will however give Amerisur the capability to export any new production from the
adjacent blocks to Platanillo. We believe that any new discoveries could be tied back
to the OBA both quickly and at low cost. giving a steeper runway to production
growth.
CPO-5 Results encouraging
The LTT of the Mariposa-l well continues, with flow rates in excess of 3,000b0pd.
Pressure Build Up analysis of the well has suggested that additional perforations may
further improve the flow characteristics of the well. The JV is currently considering
whether to undertake further work to assess the impact of this. In the near term, the
Indico-l well, targeting the same play as that at Mariposa-l is expected to spud in the
next month, followed by the drilling of two further wells (Aguila and Sol).
Drilling programme unlocks new acreage
Amerisur detailed the expanded drilling programme through 2019. This will comprise
(at least) 14 wells and erI see a vast increase in activity outside the core Platanillo
field for the first time. The programme is targeting over 130mmbbls with a total capex
cost of c$61m. This is fully funded from existing cash reserves and revenue.

Anyone seen the broker note? dated Friday 14th September it gives a short term 23p target and a 54p (Risked)
(For institutions only) I haven’t got a link but believe it is out there.

There's always gonna be another mountain
I'm always gonna wanna make it move
Always gonna be an uphill battle
Sometimes I'm gonna have to lose
Ain't about how fast I get there
Ain't about what's waiting on the other side
It's the climb

https://twitter.com/amerisurresourc/status/1027863388821630987?s=21

Here are some of the latest pictures, not long now boys and girls.

Dear Paul,

Thank you for your e-mail.

The latest pictures of the civil works can be found here in the presentation from June: http://www.amerisurresources.com/images/rns-pdfs/Operational-Works-Update-Presentation-8th-June-2018.pdf Whenever we have further updates we will be sure to Tweet these photos.

With regards to a dividend, it is the Company's aspiration to pay a one once we are delivering sustainable production from multiple fields. We are making positive steps towards this goal, with production now coming from two fields, and cash returns to shareholders are discussed regularly by the Board and firmly remain a goal.

Following each announcement, the website is reviewed to ensure it is up-to-date and a useful source of information for investors.

With regards to the podcast/interview, we will bear this in mind next time John is in town. Thank you.

Kind regards,

Ollie

Oliver Head
Senior Consultant
Camarco

Direct No: 020 3781 8332
Mobile No: 07397 176 953
Switchboard: 020 3757 4980

You need to get to spec savers :)

ive just added 30587 taking me to well over 1mill, my buddy has 1.25mill, this must be the most undervalued oil share.
good times ahead Imo, get them drills turning and we will be on our way.

Civil works for the Pintadillo-1 road and location in the Platanillo block continue to advance despite difficult climatic conditions and extensive flooding in the area. The three well cellars have been completed and civil works are expected to complete in the next two weeks, followed by rig mobilisation. Spudding of Pintadillo-1 in the N Sand anomaly is expected in July 2018.
So another week to finish the civil works which should be next week 19th July, then rig mobilisation not sure how long that should take as we have limited information, once in place drilling will start hopefully. Surly you would expect them to get this drill turning in July? It will be a close call. The company should be pulling out all the stops to achieve at least this part of the campaign but are they? I hope so. GLA

Re John Wardle.... can anybody post the article.

https://twitter.com/amerisurresourc/status/1011271098439266304

Received a letter from the company....proposed sale of our uk and European insurance business and proposed return of capital of up to �1.75bn to shareholders. Anyone got any thoughts on this?

I could get the other one to work. https://t.co/8rsJ85xIxf

Next week should be even better Market has awaken....

.

Result of AGM Tue, 9th May 2017 12:33 RNS Number : 6233E Amerisur Resources PLC 09 May 2017 9 May 2017 Amerisur Resources Plc Result of AGM Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America, is pleased to announce that all resolutions put to shareholders at the Company's Annual General Meeting held earlier today were duly passed. I think it will be the same outcome this year also.

https://t.co/GE6RSp20Ts

I said it before I think the board have done a good job here, yes when you look at the overall picture oil has fell from from its highs to the lows of $40 a barrel in a few years. This company was one of the first to reduce production and cut costs also make acquisitions and that was a good move on their part. Now with the turn around in the oil price and with all the news flow to come this year, we will be able to Measure just how good our bod is operating.

Thanks for that guys I�ve found the second pdf. Still a good chance for the other two wells to be spud in May.

Well will be spud in May as planed Minimum 3 wells Q2 1 Platanillo N sands 1 cpo5 (indico 1) 1 Putumayo 8 all to spud in may I believe as planed. The link below is about the tender sol and Aguila only as far as I can see page 54, 55 http://www.ongcvidesh.com/wp-content/uploads/2018/04/Tenderdoc-casing-SolAugila.pdf have a look for yourselves make your own mind up.