more good news, page-11

Pokerface
agree looks like someone capitulated. Prob crossed between clients in house same broking firm. That is an unfortunate feature of current market, everyone feeling spooked.
Considering circumstances sp is showing remarkable resilience, imo.

I thought the drilling update today was very encouraging.

carmichael #1 complete with 9 potential oil pay zones at shallow(read cheap to produce) depth. Great bread and butter stuff.
#2 well progressing to target. Both wells are 85% AMU.

Wildcat schwing #2 not far from target now with several promising shows above the target depth. Amu 52% w.i.

Severe cold wheather in northern US and China will surely add upwards pressure on price of oil with demand/supply imbalance set to continue in 08, and lets not forget geopolitical issues.
I see energy stocks coming to the forefront this year and see AMU as seriously mispriced at these levels.