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.

tfc

Amazing how such a successful trader on all those stocks can only manage a paltry 2k a penny.
Have a word with Rex he might teach you a thing or 2, paper profit has increased by 375k today, suspect he is worth paying attention to rather than a small time tea boy like yourself, and no I'm not yuff, blackdown or bigwavedave.
Most holders on amer, on here, wouldn't get out of bed for that, least actually be bothered to pick up a phone and place the short.

dealerdear - 16 Feb 2010 13:50 - 1826 of 1832
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.


WRONG!!!!!!! But the again DD I guess that is as far as your imagination goes. TFC On which BB do Adam Smith and Malthus post? LOL!!!!!!!!!

TFC why so many employers??

I rest my case.

I wondered how long it would be for 'them' to reply ..

It's them voices in yer head you've got to worry about, mate!

TFC you forgot to mention going short of PET when they were 140p.

Ticking up on low vol. today.
2517

.

ahhhaaa ello Roly .....you still holding AMER ? ..lf so can u tell me the target price you are preparing to exit ; or are u ad libbing and seeing which way the winds blowing on a daily basis ?. Twas a good day for the oiles -good and bad alike . . ..But current mkt is scarey ln saying that it didnt stop me adding a load of PTR and a few more mxp .......editing .........Yuff - Why so many employers ? you ask . Simple .Either promotion or a bigger slice of the cake.,,,pur et simple

MRSI
i take my hat off to you.
regards
jkd

Not many charts around so I made one for you to look at
from the "UPS" thread


Waste of time the one from - moneam - as they are not working at the moment

cheers MRSI
i took it off in confirmation that we may all enjoy your pics and cartoons, including those aimed at. if they ever again become otherwise. i.e.not enjoyed by those aimed at then i shall put my hat back on. hopefully that wont be neccessary.
regards to you.
jkd

MRSI

Whilst I have no opinion as to whether AMER will go up or down, I do take exception to your explanation of the RSI level.

At 45 the RSI is not oversold.

and

If you want to be really pedantic, the RSI was never designed as an oversold / overbought indicator (but is often used as such).

Both Stochs and RSI can remain oversold or overbought for a considerable period of time and should be used with caution.

jkd

re - hat off

There is something on your post that tells me... you may feel a bit of sorry for the past!

The MACD is trying to become positive on the cycle of UP and DOWN
RSI bouncing from oversol position as is Stochastic
With the 3 Indicators bouncing from their lows lately and at the same time, this is a positive sign for the moment being ( short term )

Glad they've let you back on mrsi, but TFC don't let this thread degrade as the lloyds thread did.
Regards BB

I let myself in, I just had a pause posting at - money am -
"but the vultures are ciclying around once again" ,
but maybe there is no roten meat around for their empty bellies (pth)

Never two charts the same, though the same EPIC - AMER

Good night and sweet dreams

MRSI

Your interpretation and use of the RSI indicator is incorrect and misleading. If you're going to ramp stocks at least try and remain sympathetic with the truth. If you continue to misrepresent TA, I'll tell you so, simples.