exploration targets 28m bo and 252 bcf, page-22

Monty
fair point. Was not my intention to misrepresent, just a poor choice of words. Just looking for positives in a bad market.

It is my hope that some of this highrisk drilling will pay off and go someway to offset impact of falling commodity prices.
Debt is a dirty word in this market and it was highlighted at AGM that they intend to address this, at the same time it was stressed that they have fairly conservative debt position relative to assets, comfortably serviced as well as excellent relations with their bankers.

These are difficult operating conditions for all in the oil game atm with POO a real concern for high cost producers, and in some cases (i have read) POO below cost of production. In this respect AMU compares favourably with lifting costs falling to under US$15

I agree with Oz in that POO will not remain at these low levels for long, with current price reflecting fear factor and loss of speculative $$$
Until buyers return to the market all will suffer, in the meantime AMU simply has to continue with business as usual.

best O luck