respectfully disagree with negative views on AMUAMU will be...

respectfully disagree with negative views on AMU

AMU will be north of here within next 6 weeks.

Geoff Towner currently doing meet and greets/presentations in Syd/Melb etc b4 return Dallas on sat for hook up with US insto's.

FY 06 NPAT will be significantly higher than $15m (analysts estimate more like $19-20)

Polymer workovers about to begin this week (polymer treatment of Kansas acquisition wells up to 30 in total each well to cost up to $50k but fivefold output increase targeted.)

hedging (cap and collar) kicks in this weekend (effective gas price will rise to approx $8 from current sub $7.

drilling Lavaca 3-4 weeks away from start at most

Gross Tete high impact wells (follow up from schwing1A) all set to go (dependant upon rig ). Co "very confident" follow next 2 wells will hit.

buyback still in place (amu considers share price "way too cheap")

will NOT in any way part with ARW stake now worth approx 33cps to AMU likely to return $4.5m to amu by way of div 07 (40% ARW NPAT 2b paid out in div)

more complete summary shortly