big volume/looking interesting, page-2

AMU is kicking off their road show in Sydney today and over the next couple of days.

Geoff Towner is doing the rounds of sundry brokers (eg Shaws) and some media outlets with the excellent news that AMU has to offer:
* oil & gas production growing in leaps and bounds;
*1P and 2P reserves up over 50% (at 13 mmbblo these are easily worth over US$110 million, and these reserves are sure to grow as production history of recent drill successes is proven and new drilling success expands reserves further);
* likely continued high world oil and gas prices;
* revenue and profits to grow commensurately;
* highly prospective ground soon to be drilled; and
* their biodiesel arm steaming along, with construction of the first plant in Adelaide in the near future (with a $7.15 million government grant to help it on its way) and expected profits of A$4-5 million per plant - another four are expected!

All up a great story of a profitable company, and one likely to be very much more so in FY2004-05 and on.

Wider appreciation of what AMU has to offer should see a lot more escalation in the share price is my call.