impressive future - hugely undervalued , page-2

Arithmetic is clearly my weak point.

Just noticed that in my oil production estimates for current production I didn't add the 46 bopd from their $20m acquisition to the 'New" oil total (takes new oil total to 544 bopd, and adds an extra 16,790 barrels a year to the total).

Total estimated 'new' oil production for FY2005-06 is thus 198,560 barrels and the adjusted grand total is 504,663 not 487,873. Doesn't materially alter things, but adds about US$925,000 (A$1.2m) to the total revenue estimate.

So the estimate for FY2005-06 is:
Oil production 505,704 barrels
Gas production 2,120,274 mcf

Just suggests an even more impressive future ... and evidence that AMU is set to move out of the ranks of the juniors.