Andrew Pearson

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…

...and by the next AGM, it's starting to look decimated if one extrapolates. Hmmm

Thanks, LongValue. You raise some points of which I was previously unaware; very much appreciated. I'd like to see management talking not only about the prospects but the practicalities in its releases; I feel the later has been lacking. I wonder what pressure the institutionals are bringing to bear. Day trip to Cardiff for the next AGM, I think...

Thanks, Lordyjordy: such a helpful summary of your views. It's great to get all sides of the argument. I'm long too and am watching the exploration findings with interest ...and a little trepidation! I agree that current air silence from management doesn't bode well: let's see if execution on the ground happily proves me wrong. Come along, Mr Wardle! I feel the next twelve months…

Thanks, Gus: appreciated.