Member Info for Wait

Couple of blocks would be interesting to AMER around put and CPO-5

http://www.anh.gov.co/en-us/Asignacion-de-areas/Paginas/Mapa-de-tierras.aspx

map here http://www.anh.gov.co/en-us/Asignacion-de-areas/Documents/2m_tierras_Ingles_220219.pdf

Hope Oxy bid for the ones around Put rather than Amer

They refer to it here http://www.amerisurresources.com/images/rns-pdfs/Investor-Presentation-Feb-2019.pdf on page 18 as "Indico Upside-1X& 2"

Sol, seems quite far away

Lolz, who's being naive? This is aim ffs and has been going for years - it won't change.

One duster and all of sudden this board is full of posts about how bad our management are.

hold your nerve. Jeez, one duster and people turn to jelly.

Couldn't agree me more Jaggers, was going to post along the same lines

JW is doing a great job.

We've hit a duster, but they will learn from it.

But ....
We've got a VAT refund to cover recent PUT purchase
Plat numbers are a positive (massive positive for cash)
Prep for possible special div
Oba positive update

The herd is panicking, but all we have to do is nothing, and wait.

PP, " for dilution a couple of numpties coming up with a hair brained idea on a bulletin board is not necessarily indicative that the company is thinking the same way"

If somebody has a different view to yours it doesn't make them a "numpty". That was an arrogant comment.

I posted yesterday that "Possible funding issues coming up though" which Margaret then posted under the heading "Funding Issues" which freaked people out

We don't know how much cash they have currently and how much income they receive each month. There are big assumptions being made on this board and based on my calcs they are likely to have less cash than numbers given on this board - based on issues with plat, future commitments etc

And jtds just because a ceo says they won't raise cash doesn't mean they wont. He also said there would be no more acquisitions, btw

GC knows how to run a company and in my view, if the time is right, he'll do it. And I agree that's not a bad thing if it's for the development or to strengthen a negotiating position.

It's easy to look at the oil numbers and work each other up into a frenzy with billion dollar valuations.

I'll be keeping one eye on the oil and one eye on the cash.

GLA

"Factoring in the additional capex, we now forecast AMER to end the year with $28M of cash, vs $47M previously."

Plat maturing, now dependent on ONGC activity for income and expense. Gonna be a cash negative period between infrastructure investment and time when wells are pumping out cash. If time is right, GC will take it rather than put in weak position by some event or other such as social unrest - imho

In the latest interview JW said they had about $40m I believe. All activity as per ONGC tender doc for CPO-5 is going to cost some. GC won't want to painted into a corner. If time is right, my view is he'll take it.

I was more worried about the drop in cash and increase in working capital.

There are GTE blocks https://ml.globenewswire.com/Resource/Download/c42f62e6-7183-424f-9c61-edbe449a65dc

Compare to ours on page 4 http://amerisurresources.com/images/rns-pdfs/Investor-Presentation-Feb-2019.pdf

Amer blocks to complete their jigsaw are Coati, Put8, Put 12, Put 30 and Andaquies.

Or we have Put 8, alea-1942, they have Coati, Put 30 and Andaquies

I have wondered if the sp is being held by the institutions because of a possible fund raising on the back of a successful ecu bid.

JW mentions they have $40m in the bank. sp held at 17 by institutions on the basis that they will get new shares at 15p.

Maybe when the results of bids are all known the breaks will be off, and they'll by back.

Amer announced discovery after 33 days
ONGC announced discovery after 60 days

http://www.ongcvidesh.com/ongc-achieves-second-consecutive-success-in-an-onshore-well-indico-1x-colombia/

I'm also not as confident about this as I was IND. The trapping on this is more complex

Agree with poster last week, who said AMER released news well before ONGC due to being aware of 'news reports' that nobody else could find - and they won't be able to play that trick again.

Here's the old and new - not a huge amount of change Fidelity have sold 1.38%

New Old Change
Michinoko Ltd 11.08 11.08 0
Canacord (Hargreave Hale) 7.85 6.92 0.93
FIL Investments (Fidelity) 7.34 8.72 -1.38
Hargreaves 6.4 4.62 1.78
River & Mercantile 6.16 6.95 -0.79
Axa 5.67 5.7 -0.03
Interactive Investor 4.88 3.95 0.93
Legal & General 4.67 4.68 -0.01
Jarvis Investment 3.06 0 3.06

" The Transactions related to PUT-8 are subject to a right of first refusal"

That's really interesting ab76. Wonder if Amer has the first refusal and is considering stumping up the cash? Or Occi via Amer? Maybe we'll get an interesting RNS tomorrow.

Agree, the company looks like a one man band.

Do think the pressures on JW time with the OXY deal, CPO-5 and his other interests is a factor in them not putting more effort into plat and pintadillo.

The only other time there was more PR was when they created the corp video for the OBA and that was prior to placing (not suggesting they are doing that here)

Working with two partners that are potential bidders
Director purchases
...

Agree, absolute bargain.

Hoping the re-rate starts today as institutions have some hard figures now.

25.6 2p reserves
@ $7 in the ground
$180m or £140m
Market cap £223m

Guess that's a no go then