If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
I think you are looking at 3 months at least .......... beauty parade means datarooms - over a 4-6 week period probably and 6 weeks for bid submission .... and then you have negotiation ........... time will tell
I think you can add Hess to that list too ............17Bn MC .... they have a stated interest in getting involved in Colombia and John Hess loves Latin America .......... this would be a great starter pack for them
There’s more to this than meets the eye ......... the BOD have done the right thing ........ the for Sa”e sign will hopefully provide a good competitive sale and that will get the best price as of today....... we know that Colombia has gone up the rankings for oil and gas investment and that there are the usual possible suitors as mentioned on this board ...... but what about knew players too ...... the likes of Hess have stated they want to enter this as a new arena ....... I think that we will all be pleasantly surprised in about 3 months time ...... in my book 35p is a shoe-in ........ there aren’t many opportunities like this around........
Yes LC - I was present at the AGM yesterday and was appalled by the disdain that GC treated various shareholders who asked questions at the start of the meeting. My suspicions are that he is considered more of a liability than benefit by the city ........ to the point where he is not trusted. The imbalance between the share price and the directors remuneration is blatant and again undermines the perception of the BoD
I shall be attending and my temptation is to forget the niceties afterwards and stick to the realities at every opportunity with lots of question both technical, strategic and performance related. I also look forward to voting although my shares will not have the impact of a mighty institution.
I really hope as many PIs attend as is possible as numbers do speak volumes even if their total equity is still relatively small.
There can be no doubt that our BOD are a greedy bunch. This situation remains unchanged after years. Major shareholders like Rex Harbor are rumoured to have attempted to sort this out and then given up and accordingly exited.......... any BOD surely should only be measured by the shareholder value added in a company and in AMER we have seen a reduction of 50% in the past two years. That is fact. Other measures are essentially irrelevant.
After the Indico success it is rumoured that JW went on a charm offensive in the city with a view to enticing more IIs in ..... what I would like to know is how successful was he?...... if no new investment funds came in at this point with such a rosey picture painted then there are surely serious questions to answer........ Trust mmmmmm!
I continue to retain a material investment because I believe in the fundamentals ......but how do these weigh against these other issues ....... who knows ......
Absolutely spot on BBN and Rhodi - such a discrepancy between share price value and actual value will be corrected in the end. What a programme we have to look forward to in the next six months ........ it will happen IMHO
BaysilH........ thanx for continued excellent informed witty dialogue regarding AMER - I for one totally agree with you. Can’t wait for Calao 1x results....... success there and an oil column of more than 100ft and I will go more than balls in here - already up to my neck ....... this has to be the best oily on AIM....... lovin it.
CD ....... you’re right to remind us of the company guidance ...... however, there is good reason for optimism as JW has clearly stated that the numbers presented could be conservative...... to my mind that is a big hint of what might come. In my experience third party auditors like D&M are inherently cautious.
What is clear to me when the strucural maps are presented is that the guidance numbers relate to the structural closure of Calao feature which has about 75ft of relief on it. So if the oil column found in Calao is more than 100+ft then we have a trapping mechanism which forces a rethink and likely stratigraphic element to the play. At that point bingo we have a biggie....... all to play for ....... exciting times.
CD ....... you’re right to remind us of the company guidance ...... however, there is good reason for optimism as JW has clearly stated that the numbers presented could be conservative...... to my mind that is a big hint of what might come. In my experience third party auditors like D&M are inherently cautious.
What is clear to me when the strucural maps are presented is that the guidance numbers relate to the structural closure of Calao feature which has about 75ft of relief on it. So if the oil column found in Calao is more than 100+ft then we have a trapping mechanism which forces a rethink and likely stratigraphic element to the play. At that point bingo we have a biggie....... all to play for ....... exciting times.
BBN. You’re spot on as ever. In this world where instant gratification is the norm investors have changed their modus operandi - impatience and fear are rife. This company has for sure had challenging times but now the potential is clear to see. I have no doubt it will deliver from current levels and if as we have said many times Calao comes in good which looks more and more likely then we are on the way to proving a very large oil field the value of which will be realised one way or the other ....... those staying the course will benefit and to those that don’t want to well sell up and stop whinging ........ its getting boring
Everyone......... this share is all about the medium to long term ......... if you can’t take the wobbles then I suggest you turn off of pc for a year or so......... it’s all set up nicely ........ multiple drills which could access hundreds of millions of barrels...... or maybe even more. Have a great weekend and think what next week might bring...... ??
There's nothing like a little supposition to get the juices flowing that's for sure.
To my mind if they have more than 150ft oil column in this well they will be delighted as this will open up the massive stratigraphic play that extends to the south and southwest including Aguila and Sol locations. If they then come in then by my calculations, DYOR, we could be talking more than 1 billion BBls in place gross ...... if then Pavo Real comes in too we're talking a monster.............hold on tight it's getting exciting...........
.....prepare for action ................ lots of buys ?............ mmmmmm ........ it could be take off soon - who knows?
Yes...... an oil column in a Calao of more than 100ft ........ that willl do it big time IMHO
With all due respect the drilling distance of Calao from Indico is irrelevant. The Calao location, when you inspect the structure map is a clever one. Calao is drilling a structure that has about 50ft of structural closure which is independent of the Indico structure so if we get say 50ft pay we will have proven the reserves as outlined by JW in the recent presentation and RNS; however, there is the possibility that both Indico and Calao are part of the same trap which relies upon a stratigraphic pinch out and structural closure - if this works then the hydrocarbon column in the Calao well will be greater - more like 200ft at least. In this latter case all shareholders should get really excited as we’re likely talking about the validation of a major major discovery................ not long now.
Like it Colonel. One of the key things to remember here is that we are onshore and therefore any discovery can be put on almost immediately depending upon infrastructure. Certainly by the end of this year alone there could be 6 producing wells on CPO-5 and this would yield more than 5,000 bopd net to Amer. With that kind of success I am sure they would then go to poke at least another 6 wells in 2020 which would be another 5,000bopd.......these would infill the large area proven bewteen say Sol and Mariposa....... it all adds up and then there is the OXY success scenario on top......... let alone Plat.............. say 15,000 bopd by end of next year well that's half of the 33K Bigsmoke mentions............ to me that makes £1 possible without being too unrealistic.....bring it on........ because then we've only just started on CPO-5
and I meant to mention that this will only explore a tiny fraction of our acreage...... < 25% of CPO5 and Miniscul amounts of the OXY deal acreage..........
PS......... we'll only be taxed on revenues not reserves !
on this board - it's nice to be a part of........ patience here will be absolutely key ......remember what we have to look forward to post the Q4 results..........
- drilling of Calao to the se of Indico
- drilling of Pavo Real to NW of Indico
- drilling of two Indico appraisal wells
- drilling of Sol
- likely drilling of Aguila between Sol and Calao
-drilling in Put 8 - 1 well (as per AGM last year)
-drilling in Put 9 - 2 wells (as per AGM last year)
- drilling in Put 12 - 3 wells (as per AGM last year)
-seismic results in Tacacho and Terecay
-drilling in Tacacho
and who maybe maybe more ! that's news filled year in my book !
PP and BF many thanks for that much appreciated. My expectation is with you in that once we start clarifying the real TRANSFORMATIONAL reserves here we should see more IIs getting involved......... it will hard to resist as there are few stocks out there with such potential and a likely exit by t/o....... let’s get drilling Callao....