The immediate future must be looking pretty good for AMU....

The immediate future must be looking pretty good for AMU.

Byzcynski #1 production testing probably due this week - and based on the intersections previously reported (the best of which could yield a gas column of 162 feet) should deliver gas flows in the multi-million cubic feet range. If so, that will deliver A$2 million or so to their bottom line. That alone has to be worth 10-15 cents per share, but time and the market will tell if this comes to pass.

In addition, WTI Cushing oil prices are today sitting at US$53.78 a barrel and Henry Hub gas is trading at US$6.52 mcfg. As AMU is unhedged it is reaping some very hefty margins from those prices, and will continue to do so from the current strength in oil and gas prices.


(I hold and am biased. Read the red and DYOR)