Amerisur has operating, cash-generative assets which fund its upstream activities (a significant number of local opportunities). There's a cash pile, a management team with experience and skin in the game. They have low cost of production (in part thanks to the pipeline through to Ecuador). The metrics speak for themselves. OK the recent spudding results have been varied and one large shareholder has been offloading chunks (though I believe he now owns less than 3%). I guess they are operating in a difficult area geographically an politically but they know it well.

Can anyone educate me as to why the recent share price moves have been "sub-optimal" to say the least?

This share looks badly mispriced to me.

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