MJSThese reserve statements would be calculated by independant...

MJS

These reserve statements would be calculated by independant 3rd parties wouldnt they ??
Perhaps this is the reason for delays ??

Amadeus has an extensive list of energy assets.
Quite a mammoth task i suppose.?

I would have thought that the Co would be in just as much of a hurry as we all are to get those statements to the market ?

With Amadeus's accelerated drilling program and enviable drilling success you would have to expect that the reserve figures (when released) will reflect the companies success over the last few quarters and add some serious value to this SERIOUSLY UNDERVALUED STOCK.

I guess its a case of when its ready we will have it and not before ?
In the meantime with commodity prices riding high those reserves are increasingly valuable. Some analysts are now starting to talk of oil at US$130 +.

Re; Quarterly. Low lifting costs should see AMU really reap the benefits of energy prices of recent months and into the foreseeable future. I think they are only 40-50% hedged ?
Possible pullback in aussie dollar could also reap benefits in future quarters.

What we need is new investors IMHO

Time for a good old fashioned ROADSHOW

regards

Reservoir Dog