Amerisur Resources plc (lon:amer)
Amerisur Resources Another Oil And Gas Company That Has Potential And Risks

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Commentary
Title: Amerisur Resources Another Oil And Gas Company That Has Potential And Risks
Company: AMER - Amerisur Resources plc
Share Price Then: 16.93p
Author: Ian Smith
Date: Fri 11 Aug 2017
Comments: Amerisur Resources invests in oil and gas principally in Paraguay and Colombia.

They are another oil and gas company with no dividend history, but in this case no debt either and a $42m cash balance, with sales of $47m resulting in a loss of $28m

A simplified chart in the 2017 AGM presentation suggests production doubling by the end of the year followed by another 50% increase in 2018.

Targetted to break even at $45/barrel means that oil price concerns are there but not at "That'll never happen" levels.

There is plenty of activity and turnover but no profits and like other oil and gas exploration companies I find that I lack the knowledge to understand the charts, graphs and predictions that I am reading, so until I am better informed I avoid the sector entirely.
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