AMU amadeus energy limited

Ann: February monthly exploration report , page-6

  1. 630 Posts.
    seems to be some fresh buyers in there today, getting the feeling that there is some money returning to the sector albeit tentative. forecasts for POO in 09/10 vary wildly leaving me with the impression that no-one has any idea what it will be.

    On the reserves estimates i queried the Co a while ago and was told that they had decided in the interests of keeping costs down that it would be done annually which i believe is fairly standard industry practise. AMU has such a large number of operating wells in several states and the task is an expensive and time consuming one.
 
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Currently unlisted public company.

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