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.

Mr C./...Last word on subject. Your Point/s were already duly noted..l did in fact apologise to JKD et al and agreed he was making a moot point: and made a genuine effort to reason why it had occured on this occasion ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,, RE-Brevity. Perhaps i am a little slow on the uptake but it is only now l am even beginning to start to understand the real nature of the board..Namely to be informative and lively. Would very light hearted banter be right ? Unfortunateky i was taught that when making a fiscal critical analysis ,or come to that, any contraversial statement reg stocks ,one must be able to sustantiate every single word.; and thats what i have always try to do. ..Mainly due to having witnessed juste how little people enjoy losing their money ...BUT if thats not on the menu- when in Rome ..ect ect @+ J

TFC sorry you suffer from verbal d......

Hi Mr. H No need to be sorry mon b/pote. .When english is not your first tongue ( neither is French ) it is very difficult to know if u are getting your point across effectively . Really hard. ...BUT brevity is my new middle name and iam trying to re-adjust ok? ....."+ J ......................................................................................................................................................................................................................................................,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,>>...awwwwww OH NO !!!! one last bout of d,,,,,,,,,,,,,,.......................................................................................` ..Reg. AMER . Sitting at current level at 13.25p, it is half way down from its cliff edge s/p of 17p .You only need look at its ACCOUNTS ! and its trading chart to see that. Recent derisory volume, 100 +200 day eda and mda at 11.08 and 8.78 respectively and with no news on immediate horizon act as a magnet for shorters-Other variables such as re-inventing itself - from a gold prospector to the most highly focussed/ specialized sector as is oil followed by a change of name ( again ! ) hurts mkt sentiment more than u can imagine . lt s main love is consistancy. ALWAYS !! -Amer down 7.5% since last thursday is of little consequence, l know -lt is more the sheer number of stop loss positions at 12p that aggrevate matters. Despite support at 13,08 it is more soft than butter .lf 12p is breached it will sink like a stone to sub 10p.....Already my option to sell at 16p level has paid of handsomely at 2k a point irrespective of premium paid..) approx 6k )...lm never greedy and ALWAYS PLAY the % s but I have a feeling the end game is not yet reached'........but profit is NOT profit until crystalized .................................c'est la vie ................................................................................................................................ ln my opinion AMER is worth perhaps a tad shy of CDS who has anj. field and at LEAST a j/v with big players petrobas.........so 2p and ill buy

TFC - you might be better to invest in wind farms.

he could start generating straight away.....

TFC " Amer down 7.5% since last Thursday "
Fact: During last weeks trading AMER rose from 12.5p to close on Friday at 13.5p. (an increase of 8%)

ll have no absolutely hesitation in sating you are all good sports with a fab sense of humour .l really laughed at myself being a quoted company ptoviding wind power-...l bet/ hope you would all buy stock :-)) ....AMER _ 2p and ill have a punt

2p------------- I for one hope we do not see you as a shareholder ha!ha!
2517

2517

I'm sure we would have all liked to buy a shedload at 2p but unfortunately the market now says we have to pay 13.5p come this time next month, after what the company have alluded to in recent rns', WE WILL BE LUCKY TO BE ABLE TO BUY THEM FOR 20P.

TFC, your predictions make Cynic's comments about this company sound quite generous, which I never thought I'd say. No offence meant Cynic, but you are constantly down on this particular share. I agree entirely with 2517George that I hope we never see you as a shareholder...lol

TheFrenchConnection

re - l really laughed at myself being a quoted company ptoviding wind power


Hoping you are not going to provide the wind power as on the pictures.

TFC-you seem to forget that as a gold mining company in far flung places AMER is now an oil producer being run by highly competent oil men with a business guru at the helm.

Your pathetic attemts to rubbish the company are as laughable as the over inflated opinion you have of yourself mon ami!

Hi tudwick,

Post 1820, nice one!!!

Whilst having no knowledge of TFC's skills as a trader, his comparison with CDS is absurd.

CDS's assets are in Paraguay, and are on paper only. AMER has two fields in Colombia, one of which is producing. The second has shown tremendous promise, as we know, and is undergoing testing. AMER also has blocks in Paraguay.

As for his valuation, well, I wouldn't give you tuppence!

Well said.

Strange how blackdown; yuff and bigwavedave always appear and disappear together. One and the same person no doubt and a warning to those who may be pursuaded by him/her.

dealer: I think you should have a lie down. You sound like one of those mad conspiracy theorists. You'll be telling us what you think about the Moon landings next.

Mes amities mes amis ,Salut ! err .. deja vu man ...Now l expirienced the very same resistance on this BB when shorting NML , SEO , VOG, EEL ,RPT AND Amer ( ONCE when it was Chaco and again as Amer when it nosedived to less than 2p !! ),, and a host of other stocks - mainly retailers and construction outfits with high gearing -so obviously i am well accustomed to personal insults. As for my trading history; Well Wedd-Durlacher ,Killicks,Citigroup, Barclays and Casanove have all seen fit to employ me which at least surely suggests im not a complete naive, dupeable cretin of the first order of hauteur .Perhaps the over inflated opinion you think l have of myself spills over from the environment in which l worked for many years. l strongly disagree,of course , but in saying that lm am not the best judge of that.and am sorry you feel that way., l try to merely speak my mind. Perhaps Aldwickk who knows me best over a number of years ,and knows 99% of my reckies, could answer that better than me ......For one thing i have learnt is that u will always find someone something out there who is cleverer than yourself coupled with the simple fact in that we all have something to offer,. ......lncidentally i would like to say that this current mkt is one of the most dangerous, uncertain and corrupted one in which i have operated .l dont know what Adam Smith or Malthus would have made of such a subsidized mkt within a capitalist system l So vigilance is the keyword. D/D ...Are you saying those 3 individuals are in fact one character ? How strange Wow, talk about an alter ego ....

TFC - you should remember that AMER is a very much different company to the CHP days, and indeed this time last year. However, I do agree with your view about the dangers of the current market.

I can assure you that Blackdown, Yuff and BWD are not one and the same person. However, it is becoming more and more likely that dd is either Rex Harbour, closely related, or one of his employees.