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.)

b>



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.

The really odd thing though is that at the moment barely nothing else is rising or even looks capable of rising no matter what the FTSE does. Nearly all companies are trading in very tight patterns (I have about 80 on my Stockwatch that I watch every day) which makes you wonder why AMER is different. I don't think it is anything to do with prospects but I also have to confess I don't know the reason why. Time will tell I guess.

If you don't know the reason for the rise in the sp, then why do you state that you don't think it's anything to do with prospects. That's just b***s.

DD. It's prospects. It's Paraguay.

DD, its just poss, just, that Paraguay has 7.5 Billion barrels of oil in
our blocks alone!!!!!

lol

blackdown

Please leave off the insults, I am simply adding to the debate where I may be found to be right or wrong. A different perspective never did anyone any harm and if I am wrong over time then I will admit it.

I have no doubt that people on this thread know more about the company than me. However, I probably know more about trading and as such the charts suggest a correction is entirely probable.

If I am wrong then so be it and as I have said before, good luck to you all.

ML stop it. Looks like a ramp to me

Mind you I thought there was more !!!!!

this isn't going to go alot higher before the inevitible drop, deal, you are correct, and i commend anyone who says it as it is.

If i'm wrong tomorrow or the following, I will admit also, but i really cant see this rocketing with no fuel to do it.

Doesn't need charts or pretty pictures and colours, its obvious.

Simply a few people ramping the sp with small frequent buys, and if I see hefty / large scale buys later, i'll be shocked.

I think you will find it was a bit more than small frequent buys.

No doubt it will come back a bit at some stage - maybe today - but that doesn't change things at all for the medium/long term investor. The future looks good - very good. Patience will be rewarded, but short termism?

.........and still climbing...

Apx 25Million shares in two days is hardly "small frequent buys"
We are up apx 30% in 2 days, people are waking up to
the enormous potential of Paraguay, that coupled with the
cash influx from alea and who knows what fromFenix
makes this company almost a NO RISK play!!!

M

I had decided to no longer Believe in Father Christmas and had have just written to him to tell him so !! Then guess what a stock I have held for 4 hyears and averaged down twice is now in profit !
Merry Christmas everyone and even better fortines in 2010

O/T - sorry - but I did like this

"Dear Grim Reaper

So far this year, you have taken away my favourite dancer, Michael Jackson;
my favourite actor, Patrick Swayze;
my favourite singer, Stephen Gately, and
my favourite actress, Fara Fawcett.

Just so you know, my favourite politician is Mr. Gordon Brown.


Yours in anticipation.

leewink7 oh dear oh dear-put your foot/mouth right in it have you not/
Where is your view today?

This is the stock for 2010.

Can`t believe my eyes here. Wow! Iam 10 grand up here now, Iam even up on my 2007 purchases. So glad i topped up big time @1.7p in march. Welldone all other long term holders from chaco days. Just goes to show sometimes it pays to keep the faith. Merry Christmas and roll on 2010. Come on amer you beauty.

Somebody (or some groups) clearly know something that us PIs don't have access to. The extent of the rise over the last week is surely down to more than speculation.

Long may it continue.
2517

Leewink6. You've gone down in my estimation.

Amerisur Resources PLC - Amerisur Resources PLC - Operations Update Colombia and Grant of Options

RNS Number : 6316E
Amerisur Resources PLC
23 December 2009



23 December 2009



Amerisur Resources Plc ("Amerisur" or the "Company")



Operations Update Colombia and Grant of Share Options



Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide the following update on the Platanillo contract in Colombia.




On Thursday 17th December the Ministry of Environment in Colombia (MAVDT) granted the Global Environmental License for the project named "Platanillo Hydrocarbons Exploitation Area". The award of this license will allow the Ministry of Mines and Energy to authorise the commencement of exploitation activities and thus give continuity to the production from the wells Alea-1R and Platanillo-2.




Total current production is approximately 300 BOPD.







The Board of Amerisur further announces that on 22 December 2009 the Renumeration Committee granted options to directors over 14,500,000 new ordinary shares of 0.1p each, representing 1.74 per cent of the current issued share capital, with an exercise price of 11.05p per share. The exercise price is calculated by reference to the closing price of the Company's shares for the five days prior to the date of grant. There was no consideration paid upon the grant of the options and there are no performance criteria attached to the exercise of the options. These options are exercisable at any time from 23/12/09 to 23/12/19.

The options have been granted as follows:

Director
Number of options
Percentage of issued share capital

John Wardle
8,000,000
0.96%

Giles Clarke
3,000,000
0.36%

Nick Harrison
3,000,000
0.36%

Douglas Ellenor
500,000
0.06%

Total
14,500,000
1.74%





The company also announces that Dr John Wardle has assigned the interest of all of his options in the Company to Tracarta Ltd where he has an interest

Following this grant of options the interests of the directors are set out below:

Director
Number of ordinary shares
Percentage of issued share capital
Number of options

John Wardle *
8,865,860
1.07%
26,500,000

Giles Clarke
10,527,448
1.27%
29,100,000

Nick Harrison
2,245,025
0.27%
17,210,000

Douglas Ellenor
-


1,950,000





* Dr John Wardle's interest in his share options are held through his interest in Tracarta Ltd



Competent person: Technical information in this announcement has been reviewed by John Wardle Ph.D., the Company's Chief Executive. John Wardle has 24 years experience in the industry, having worked for BP, Britoil, Emerald Energy and Pebercan, and is a trained drilling engineer.




ENQUIRIES:




Billy Clegg/Caroline Stewart,

Financial Dynamics



Tel: +44 (0)207 831 3113




Jerry Keen/Lindsay Mair,

Astaire Securities Plc
Tel: +44 (0)207 448 4400





Notes to editors




The Platanillo Contract is an Exploration and Production Contract held with the Agencia Nacional de Hidrocarburos. The block is located in the Putumayo Basin of Colombia and the commercial area covers 10,341 hectares. The Company holds 100% of the contract and is the Operator.

Four years is a pretty long time to wait.
It looks like it has been worth it now!
Looks like a new high coming very soon.

just be careful troupers and don't be afraid to bank at least partial profits ..... it's well to remember that volumes at this time of year are very low and sp movements can be heavily exaggerated, not least because of end year book-squaring