ANZ due dilligence on biodesiel going fine so far. Can't see any reason why wouldn't have approval by AGM on Nov 12.
Bidding on new deep gas field in US.
They are planning to put on more engineers in the US to convert those 2P reserves into producing fields. Should see considerable increases in production/revenue/profits going forward.
Shaw released an updated report on AMU yesterday. Report values AMU oild assets at 50 cents (fully diluted for options. They place a value of 7-14 cents on biodeseil (which is heavily discounted until the plants are confiremd, producing etc).
Cheers hots
AMU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
