Ann: Amadeus & Lonestar Agree to Create Leading O, page-2

re: Ann: Amadeus & Lonestar Agree to Create L... To my way of thinking there are two options.

One is to pursue growth via a staregy as proposed. The undisputed winners will be management through 30 cent options.


The second option is to recognise that the market cap is $56 million and the value of 1P reserves is $99 million and cash of $12 million. This takes no account of 2P or 3P reserves!

To me it is simple we dont need another Australian oil and gas company competing in the US. Amadeus got lucky. Sell the assets pay the tax and distribute the money to shareholders.

In my book the Directors are taking the wrong option.