Sharesure
- 30 Jun 2007 18:48
Amerisur Resources is exploring for oil and gas in South America, currently in Colombia and later it plans to exploit its licences in Paraguay. It has a new Board of Directors and following a recent Placing at 6p (250m shares) sufficient cash to see through its current drilling plans and carry out some further corporate asset improvement opportunities.
Valuation of Amerisur Resources : 'Rule of Thumb' based on c.800m shares and using 10% DCF on oil at $70/barrel is 0.75p on the sp for every 1m barrels (CHP's share) that is proved in the ground.
Amerisur (formerly Chaco Resources) now has two exploration blocks in Colombia which it is currently evaluating and preparing to drill, one of these in the last quarter of 2007. It has also applied for further blocks in Colombia which are also believed to offer near term production. It also has three substantial areas in Paraguay and is awaiting news on a fourth. The next six months (May-November 2008) should see a steady news flow as it establishes the companys transformation from being an exploration company to becoming a significant oil production company. Set out below are some of the milestones which should produce announcements and have a positive effect on the share price. Any potential reserves are quoted in recoverable oil assets.
Platinillo, Colombia :
100% interest in a field currently assessed at holding 38.1m barrels of light sweet crude oil. Previously this a well flowed at 533 b/d before it was capped.Modern extraction methods may achieve up to double this output/well. Drilling completed for assessment and details of reserve figures and resumption of production daily figures awaited at Dec.2009. (Some guessestimates suggest the field might contain as much as 70m-100m barrels.)
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Tigra/Fenix block
100%% Further 3D seismic is completed; previous drilling has resulted in 30,000 barrels of oil from this block. Other blocks nearby in the Magdalena basin have also produced well. Drilled 11/2009; optimistic RNS (17 leads to follow)but reserve figures awaited
RNS :Expect further news on this block imminently and maybe a JV or other arrangement to speed up the timescale to production
Additional blocks to be announced
New local management team, in particular the CEO, is reputed to have some excellent contacts which will bring some high quality blocks to Amerisur in the coming months.
Curupayty Block, Paraguay :
1.39m hectares in north, close to Bolivia. Two wells previously drilled and both showed oil.
RNS : Expect JV with larger producer.
San Pedro Block, Paraguay :
1m hectares in south-east. Previous drilling showed oil.
RNS : Expect JV with larger producer.
Parana Basin, Paraguay :
Canindeyu block covering 1,789,000 hectares. Bordering Brazil. Oil field on Brazilian side already drilled. Chaco also expect to find oil and, at a deeper level, considerable quantities of gas. Chaco has obtained valuable historic seismic for re-evaluation.
RNS : Presidential Decree received 2/11/06.. Petrobras has announced its intention to increase substantially its effort to exploit Paraguay's hydrocarbons and has announced a farm-in on CDS's adjacent block. Possibility that they or another major will do likewise with Amerisur
Corporate Activity : The new Chairman is believed to have been brought on board to prove some or all of the existing Colombian assets and get these oil producing, arrange a JV on the Paraguayan assets before negotiating a sale of the company as consolidation of explorers in the region continues. An exit sp north of 1.00 over the next 12 months might be a reasonable target provided the drilling programme lives up to expectations, the price of oil remains at/above current levels and an approach is made for the company.
Beau62
- 14 Aug 2009 14:27
- 1367 of 3289
LMFAO
Yawns, typically, directed at the wrong person, but you know that but daren't face reality.
Nothing has changed in a year, the three factors above, still sadly remain fact. No oil despite producer status, almost guaranteed news will trickle out months late on Fenix and Paraguay, well pointless even talking about that. Exactly the same position as last year. As usual, ramping and hype not matched by performance and progress.
Run alongnow back to that pathetic little thread, devoid of reason, bereft of honesty, ignorant of fact, full of horse dung.
Beau
jkd
- 14 Aug 2009 18:08
- 1368 of 3289
B62
good on ya for speaking your mind. do you know anything about pharmas? seems they have the same ability to induce such feelings of support in shareholders. how do they do it? history is often a good guide as to the truth of such matters. just my opinion as always.
regards
jkd
Beau62
- 18 Aug 2009 08:20
- 1369 of 3289
jkd
Most think I'm the villain. They are wrong.
Pharma's not my bag, sorry.
I think I can answer generally though; I am not so sure that 'companies' do too much to induce such feelings, it generally comes intrinsically from these threads where investors, bull or bear, use them to shift sentiment to serve their own agenda, often lying and misleading others in an attempt to stave off desperation or force the issue, acts generally associated with short term spread betters. Any comments here, including my own I dare say, should be treated with extreme caution and very often have no bearing on the 'investment' itself. Amer is a classic example, where the supposed in the know brigade have spouted the same hopeful bile year after year and defend vigorously any attempt to face reality, question failure or suspect indolence. These threads go back years and you could open up any post at any point in the last few years and you will see the same posters, saying the same thing, promising the same hype, defending the same players, talking for the company, justifying anything and everything good or bad, claiming they are in profit, forecasting a significantly higher sp, this time next year garbage, claims of topping up again, averaging down, best buying opportunity at the nth attempt, over and over and over again. Meanwhile, anyone with a brain, offers a more cautious approach, considers history as at least one indicator and ignores most of the trash, because that is what it is, mostly trash. And as I've said before, the amazing thing is the not so shrewd investors believe every word these guys say because they have no choice but to believe it.
Alas, I'm sure a few yawns will appear from the same individuals, so best end there.
Beau
jkd
- 18 Aug 2009 14:00
- 1370 of 3289
thanks B62
you seem to have summed it up very well.
regards
jkd
diggingdeep
- 18 Aug 2009 16:09
- 1371 of 3289
http://www.moneyam.com/InvestorsRoom/posts.php?tid=14368#lastread
capetown
- 18 Aug 2009 17:38
- 1372 of 3289
Beau62,
I share your frustration with AMER,i have a feeling the last hour of trading may well be a sign that it will soon be over,one way or another.
Moneylender
- 18 Aug 2009 18:09
- 1373 of 3289
Beau something for you to chew over, whilst we wait for news SOON!!!!
I once quoted 50p as a target for 2012 and IJ has since written
that figure in stone!!! since talking to one ot two directors 2 weeks ago
I have now revised it!!!!!!!!
Just do the sums yourself and see what figures you come up with!!
These are taken from someone at another board, with a bit of luck and a fair wind
they are not too far out of the way!!!
Here are some estimates taken from recent reports.
Colombia: Platanillo 120 MMBO
Colombia: Felix 56-305 MMBO
Paraguay: San Pedro 708-960 MMbls
Paraguay: Curupayty 250MMbls
Total Colombia 176-425 MMBO
Total Paraguay 958-1210 MMbls
Total 1.1-1.6 billion barrels
jkd
- 18 Aug 2009 18:31
- 1374 of 3289
c
you may well be right. may i suggest this is only applicable if trading short term. if trading short /medium term then maybe not. if investing long term then a last hour will not matter.its a buy above 10.but not until, just my opinion.
regards
jkd
capetown
- 18 Aug 2009 18:37
- 1375 of 3289
jkd.i have held these for 3+years.
jkd
- 18 Aug 2009 19:01
- 1376 of 3289
c
so what? it dont affect or change my comments and view. please DYOR
i am wrong more often than i am right.
regards and good luck to you
jkd
jkd
- 18 Aug 2009 21:11
- 1377 of 3289
hi c
sorry if i sound a bit harsh. lots of other stuff on this stock so please DYOR
regards and good luck
jkd
capetown
- 18 Aug 2009 21:39
- 1378 of 3289
jkd,i always do my own research,was responding to your post which intimated that i was looking at amer as a one hour or a day trade.Thanks for your input .
C.
Moneylender
- 19 Aug 2009 08:18
- 1379 of 3289
Calling Beau, come in Beau, over!
capetown
- 19 Aug 2009 08:20
- 1380 of 3289
No news,my guess is the jungle drums can be heard by current buyers,very quiet where i am,perhaps a tourist reported that he/she got covered in oil whilst trecking!.
sivad
- 19 Aug 2009 08:28
- 1381 of 3289
Thıs wıll fly on farmout confırmatıon.
Moneylender
- 19 Aug 2009 08:28
- 1382 of 3289
Capetown, do more research and you will hear the whisper
its FIXed
capetown
- 19 Aug 2009 10:24
- 1383 of 3289
I have heard th e whisper,we have heard many,will wait for the RNS,but for now its just more whispers.Lets hope it will be confirmed.
Beau62
- 19 Aug 2009 15:42
- 1384 of 3289
Hey ML
Let me tell you what I think.
Nothing has really changed for me, yet. Getting an article whispered in the D Express is as easy as shelling peas mate, believe me I know. Almost the same sort of stuff was written a month or two back, funnily enough, coinciding with a little spike in the sp and a bit of volume. Typically though, it all fizzled out. Pumpers had dumped. Share price retraced.
Something may well be happening behind the scenes, who knows, that's due for release. By going on history though, I remain to be convinced and suspect this is the latest pump and dump operation. These little spikes that inevitably retrace are no good to long termers anyway. You know the craic mate.
The dark side is even more amusing than usual, same old, weve heard it every month now for god knows how long, all the experts, in the know pretenders on first name terms with the board who knows exactly whats going on, researchers posting totally irrelevant guff, buyers owning up to large trades, backslapping as usual, all trades are buys nonsense, 1.43 a share speculation, just classic stuff, absolutely fantastic and priceless too.
I honestly wish I am wrong. One day I will be obviously and for your sake I hope its now.
Beau
Sharesure
- 20 Aug 2009 10:46
- 1385 of 3289
I agree that there have been a suspicious number of 'pump & dumps' on this over the last two years - whether that was the same line of stock which RAB Capital were supposedly trying to sell (because they needed cash) - it would fit. I will only believe that we are on our way when the SP steadily goes up and stays there apart from the inevitable intraday fluctuations caused by any day traders.
annie38
- 20 Aug 2009 16:55
- 1386 of 3289
28% increase this week is not too shabby by anyones standards. Hope news of j.v. confirmed to provide support.