exploration targets 28m bo and 252 bcf, page-14

yep its ugly out there
energy hit hard today
Fundamentals have clearly 'left the building'

sure oil at $50bbl isnt good for producers
BUT
AMU has very low lifting costs under $15 bbl
approx half production hedged at much higher prices
benefits of translating results from US$ - A$

and with company now trading with a p/e of approx 2-2.5
its fair to say that bad economic conditions are well and truly already priced in

No different to many other quality companies that are in the same boat atm i suppose