Amerisur Resources Live Discussion

fynne 03 Jun 2019

Losing faith in Giles Did the same today … seems cheap with so much going on … about due an update?

Ripley94 23 May 2019

Losing faith in Giles AMER… XXXXX Some spare funds topped this one up @ 12p ( D )

Ripley94 16 May 2019

Losing faith in Giles AMER… XXXXX Malcy still keen on it !!

The_Marin 09 Apr 2019

Terrible results $108mm revenue with $43/bbl netback and can still only add $3m to cash position, how bad is that. I suspect they are lying about production costs and its a lot higher than they are trying to make out. Extortion money has probably gone up as well. 9p coming!!!

claude_reins 26 Mar 2019

Losing faith in Giles Been out of these for a while. Never in the history of small oilers has so much energy been put into so much for so little.

Ripley94 26 Mar 2019

Losing faith in Giles AMER… XXXXX Big fall on RNS … duster it appears. Bottomed at 13.22p … raed chat on lse Malcy claiming overdone.

The_Marin 06 Mar 2019

Cost of production Another Victoria oil and gas this one. Reserves are low and production costs will go up as they deplete reserves, very risky with untrustworthy management in a untrustworthy part of the world.

The_Marin 06 Mar 2019

Cost of production Why leave this figure out, highly suspicious and shows productions costs can’t be good.

Average_Dave 22 Jan 2019

RNS 22.01.19 - Reserves, Operational and Production Update Amerisur Resources Plc (“Amerisur” or the “Company”) Reserves, Operational and Production Update Initial independent assessment of Indico 2P reserves - 22.7 MMBO Indico-1X current choked natural flow production of 5,130 BOPD Four well CPO-5 drilling programme - targeting resources of 49.3 MMBO Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide a reserves, operational and production update, for its two core regions of Colombia: CPO-5 in the Llanos basin with ONGC Videsh; and the Putumayo basin with Occidental Andina and other partners. Highlights: · Preliminary results of independent reserves report (assuming conservative production parameters) on CPO-5 (Amerisur 30%) indicates gross 2P reserves of 22.7 MMBO at Indico-1X and 2.9 MMBO at Mariposa as at 17 January 2019 Reserves report attributes mean gross prospective resources of 49.3 MMBO to the LS3 play around the Indico and Mariposa discoveries which are the targets of a new upcoming drilling programme · Indico-1X currently producing under choked natural flow at approximately 5,130 BOPD · Mariposa-1 continues to produce in natural flow at approximately 3,150 BOPD, with the field development plan under preparation by the operator · 2019 work programme targeting: o 49.3 MMBO from a minimum of four additional wells from the Indico pad to determine the prospectivity of the area within the LS3 play o Drilling of the first of up to six wells on Coendu structure (Put 9 and Put 12) is expected to begin in Q3 2019 o Miraparriba-1 expected to spud in H1 2019 on Put-8 · Group average daily production in Q4 2018 was 4,602 BOPD, with peak daily production 5,405 BOPD. Production was impacted by completion issues in Platanillo 22 and 8. Current production rate is 5,426 BOPD · Ministry of Mines and Energy of Colombia approval to begin the purchase and shipping of third party crude via the OBA expected in H1 2019 Full [link] END - - - A_D

Ripley94 16 Jan 2019

Losing faith in Giles AMER… XXXX This continued to rise all the way to 20p by mid January 2019 .

fynne 02 Jan 2019

AMER - Indico-1 drilling Initial flow test seems to be pretty good … Seem to remember talk about “reserves” a few months back?? And another four wells to target similar structures starting asap…

Ripley94 11 Dec 2018

Losing faith in Giles AMER… XXXX Good news yesterday surprised it did not go above the 14p i had wanted to slice the Sep low top . ( LC claims that is the top of range ) limit for 14.50 lifted ( 14.3 yesterday approx 1.5 % less ) ft 100 rebounded from last week falls .

Bowman 10 Dec 2018

AMER - Indico-1 drilling I agree that the indications are very positive, but remember that AMER only has a 30% interest in any production from the CPO-5 block. Production here is not linked to the OBA pipeline, so production costs will be fairly high, thereby reducing the profitability somewhat. However, every little bit helps.

fynne 10 Dec 2018

AMER - Indico-1 drilling Beat me to it !! With mariposa flowing at 3200 bpd, looks likely indico1 will add minimum similar figures … few weeks for the test results but impressions so far are really positive for the future.

Bowman 10 Dec 2018

AMER - Indico-1 drilling Today’s RNS [click here to view] is good news and the markets appear to like it’s potential with the sp up over 15% as I write this. However, the important part is getting the results of "Further updates will be provided as operations develop and the volumetric models are refined based on logging and testing data. " will be the really defining part, since this will indicate the impact on the bottom line.