AMU amadeus energy limited
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what i see as positive is that AMU are now tapping into the...

  1. bitzer
    7,675 Posts.
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    30/09/11
    12:42
    Post #: 9033232
    what i see as positive is that AMU are now tapping into the upside of their texas assets.
    The success rate at Central Texas was inline with expectations and the cost of the dusters is minimal.

    The potential of the Cherry Canyon sands looks promising to me and the company seems to be taking a low risk approach to these wells. Wells appear to be partially derisked by the prospect of intersecting the already productive Ramsay sands. Deeper sands have potential for 5-6 commercially productive zones

    Happy to see an active drilling program, whats not to like about that ?

    AMU Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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