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.

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.

what a wind up merchant. yes i do fill a bit sorry for past
sorry i am unable to find MRSI is unable to accept he is back and unable to accept the
forgiveness and kindness of us and others in allowing him back. he clearly believes it is his entitlement. maybe it is. live and learn. some can't understand . forgiveness? what do we get in return?
regards
jkd

just re read this thread, what am i replying to in above post? am i imagining it? seems so.
what happened to original post? and no edit? did i imagine it?
regards
jkd

i tell you this i definitely read the word fill , (for feel) i know what i know
regards
jkd

Yuff . YOU are totally wrong !! .lt is not at all to absurd to compare the respective destinies of AMER and CDS ..What with AMERs Carindeyu block in the Parana basin on the Brazilian/Paraguyan border being adj.to an already drilled and producing well on a block held by CDS ( which earnt it a j/v with BIG players Petrobas). it is considered highly likely oil will be found on the Amer block.had the board had the bottle to make this their first project the story would be so different . Petrobas are convinced this area is hydrocarbon rich hence they are spending big bucks here. Personally i know Amer have insufficient funds now to drill this block what with current commitals. . . NOW considering how much Amer make of this fact in both presentations RNS and comp. literature.l it is a very valid point considering perhaps 2p or so maybe factored into current price. .....FURTHERMORE while the current board are not like the chaco board of ignorant ,vacilliting worthless bums.............they are far from the business gurus you paint........................................................................................................................................................................................................................................................................................................................................................................................................................................................................DAQ ,,Mefiez vous des apparances....l know you !!!..ssheeeesh ....l recognise your english style.-the syntax,the prose, the words . you are that damn intrusive,grovelling, pakistani who plagued me a few years ago. You and that fat black thing you share a flat with in south London . You have grown up havent you?? and with it has grown your gaul abd familiarity. As it happens i am currently shorting approx 30 stocks with AMER being bit one small play. And as if i would even dream of considering my persnal wealth/ earnings with a prol like you Now do one or ill set the hounds on you !.

Let's focus on the stock. Much more interesting than all the waffle. Interesting to see the sp have a little blip upwards this morning.

TFC: Hope very much your other 29 shorts come good.

Got to have the legs for shorts.

TFC
vous des apparances....l know you !!!..ssheeeesh ....l recognise your english style.-the syntax,the prose, the words . you are that damn intrusive,grovelling, pakistani who plagued me a few years ago. You and that fat black thing you share a flat with in south London . You have grown up havent you?? and with it has grown your gaul abd familiarity. As it happens i am currently shorting approx 30 stocks with AMER being bit one small play. And as if i would even dream of considering my persnal wealth/ earnings with a prol like you Now do one or ill set the hounds on you !.


Now theres a case for reporting to the race relations for starters. Such crudity when TFC is put in his place . I suggest that so many jobs in such a short career spells abject failure and an inability to get on with co-workers. You say personally you know Amer do not have the cash to drill the block. How do you know? Dont make such silly statements unless you can substantiate them. Amer have 10m in cash and producing oil and selling it as I write. So what do you know that Amer in their presentation have declined to say TFC?

Nice steady increase to-day - despite the children being on half-term and playing on this board.