a reality check, page-2

Hi Pokerface

agree, everyone needs to take a deep breath and look at the fundamentals.
I looked over the comments yesterday and couldnt believe the stark contrast between these comments and those made last week.
Very frustrating to see price belted around yesterday.
Everyone seems to forget that the Amadeus management has quite a lot of their own money riding on this and as such they would be just as frustrated as the rest of us, imo.

I believe they are doing a great job of running an oil and gas business. The sp seems to have been subject to some manipulation and this would be out of their control.
I agree that what we need is some new investors to be brought in. Difficult in current market.

The reaction to Schwiing has been overdone. If it can produce conservatively say 500 boepd (with their low costs) that could add around US$16m p.a. not forgeting the possibility of further drilling of nearby structures.
Still a very good rate of return imo.
Having said all that, no board should be immune from criticism. Perhaps they could have a look at their investor relations efforts.
For every seller yesterday there was a buyer who saw the dip as an opportunity. I remain confident that our patience will be rewarded.

regards

Reservoir Dog