Bowman
27 Nov 2018
AMER - Farm-out Another Director buy announced today [click here to view] which, whilst not as large as yesterday’s, is still another good sign that the Directors see value in the Company’s shares.
Bowman
26 Nov 2018
AMER - Farm-out @fynne, I agree that it does seem positive. The next set of production data are going to be very closely looked at to see signs of increasing production and profitability, with hopefully some extra news on the exploration front.
Bowman
26 Nov 2018
Another dodgy deal It is obvious that OCCI/AMER have done a deal to con all good investors, and they even managed to convince Mr Wardle to part with about £1m to add further weight to their con. What they stand to gain from this con is unclear, however, maybe they actually know what they are doing and have more than sufficient information to hand that justifies the move, with the probability that both will come out of the deal with a considerable profit. Maybe that is why Mr Wardle put his money in.
fynne
26 Nov 2018
AMER - Farm-out Good to see the director buys today … things will hot up a bit once the farm out partners start things moving. Would have taken Amer a long time to have completed it on their own so I see it as a good thing. Production figures next month will be interesting also.
Bowman
26 Nov 2018
AMER - Farm-out Well, the farm-out appears to have been very much welcomed by the markets, and today’s very considerable Director’s buy [click here to view] is adding further impetus to the sp rise. Long may it continue. The sp has now risen from a low of 9 to a high of 13.5 in the space of about 3 trading days. If the PoO stabilises at its current level (or maybe even starts to climb a little) then we could see the sp challenging the next resistance level of 15.
claude_reins
25 Nov 2018
AMER - Farm-out I think that the PoO may be limited at this level and that Trump may push it even lower. He seems determined to be the top oil producer in the world and to sustain his economy with cheap energy as well as maintaining his thriving oil industry. One thing that may push PoO up or stabilise it is the Iran situation. Trump has imposed sanctions, but then has given leeway to buyers of 95%+ - countries like S Korea, China etc. What kind of sanctions imposition is that? So all the Iranian oil is out there anyway, at least for the time being. Thoughts?
The_Marin
24 Nov 2018
Another dodgy deal Its probably designed to boost the share price prior to releasing poor production figures and exploration results. Its funny why Occi have farmed into a license without having enough or any seismic info. Surely it should be the other way round, you farm in or farm out based on the seismic. Why such a high cost for the seismic? Much more than the actual drilling which is suspicious. I wonder why the news is light on detail, probably releasing the goods bits while withholding the bad bits.
Bowman
23 Nov 2018
AMER - Farm-out Here is a fairly positive note on today’s news [click to view]. As the article states, holding on the recent gains (and it was nice to see that the gain I mentioned in my first post remained for the whole day) will depend on investors maintaining a positive view and also on the PoO. It looks to me as if now the PoO is back at the $50 level, it may well and I have a feeling that it may oscillate around this level for some time, as it did between 2015 and 2017. This could cap the gain that would be expected from the good news flow and I do not think we will see a SP > 20p for some time yet. US Crude ($10).png800x600 42.2 KB
Bowman
23 Nov 2018
AMER - Farm-out I think that the news of a farm-out by AMER [click to view RNS] is good news, but I am not totally sure! However, it does seem that the markets like the news.
Bowman
21 Nov 2018
AMER - Latest update The latest Corporate update [click here to view] seems quite positive, and the markets appear to like it at the moment, although I will reserve judgement until I see how much of the current sp uplift remains at the end of the day. Unfortunately they did not take the opportunity to give an update on the flow testing on the Pintadillo-1 well, which does not bode very well for the results, especially as they are considering buying in crude to utilise the capacity of the Chiritza station. It will be interesting to see if we get the usual Operational Update this month and to see how total production and OBA usage is faring. The major slide in the PoO since the beginning of October will not be helping AMER’s profitability.
Bowman
30 Oct 2018
Monthly production numbers in 2018 claude_reins: I have tried to start a new discusion today but still cannot find how to do that on this ****ing website. It stikes me that you did not look very hard. I acknowledge that there is no link within an existing thread to start a new thread, however, go to the list of threads for a given tag, or select “Newâ€, “Latestâ€, “Unread†or “Top†from the 3-bar drop down menu, and you will find a small grey field (I have marked it with a red ellipse) which one clicks to start a new thread. iii.png1023x175 28.6 KB As to the behaviour of the AMER sp, it is rather discouraging to see the relentless and accelerating decline, with no real justification for it. It is getting to a level that has me contemplating finally cutting my losses and moving to something else.
claude_reins
30 Oct 2018
Monthly production numbers in 2018 I have tried to start a new discusion today but still cannot find how to do that on this ****ing website. In the meantime, I guess that the gradual decline in the SP has been a mixture of some disappointing news - although other news has been encouraging; a reduction in the price of oil in world markets and bullish statements form Saudi Arabia that they can lift production by a bn barrels when they fell like it or 2 bn! Why they want to do that when a higher price is in their favour I don’t know, though it may be to discourage US shale production increases. Why the sharper drop today I dont know, because the interims were quite encouraging; we are also into the dry season now which makes it easier for everyone on the ground to get production going and through to port. I also think that the new NED hopefully will bring some new impetus to the BOD. Heaven knows, they need it. Finally, perhaps some holders are just getting tired and throwing in the towel. Thoughts anyone?
Bowman
17 Oct 2018
Monthly production numbers in 2018 This month’s update is vary sparse on details, with the “usual†OBA export data missing completely. Much was trumpetted about the cost savings from OBA transport, but this is only true if the majority of production is put through it. Average production has now been hovering around the 5,000 level since May, and average OBA transport was about the 4,000 level, but with no figures this month it is unclear if costs have been maintained at about the same level or if they have increased (which would be the case if the transport figure was lower than previously).
Contrariwise
17 Oct 2018
Monthly production numbers in 2018 Dec 2017 6971, 7061 Jan 2018 6837, 7142 Feb 2018 6749, 6960 Mar 2018 6476, 6647 Apr 2018 5794, 6365 May 2018 4807, 5344 Jun 2018 5171, 5400 Jul 2018 3929, 4547 Aug 2018 4927, 5295 Sep 2018 4974,5025 Average production marginally higher month on month, peak production lower. There has been no noticeable uptick in production even though Amerisur have announced that the 590 bopd from the T sand discovery at the Pintadillo-1 well has been added to exports from the OBA. Disappointing.
Contrariwise
17 Oct 2018
Why no mention of the U sands? Still no mention of the U sands in this months operational update.
