Gday Ozgem
Thanks.
You make a good point in that far much weight has been given to one hole. Hard not to ispose when the potential is so huge.
Trouble is that people take their eye of the ball and fail to see the business as a whole. Too much importance placed on the outcome of one hole when the rest of the business is growing very nicely and enjoying favourable operating conditions.
IMHO that is one of the investment highlights for Amadeus the fact that it has a very strong production business producing bucketloads of cash which inturn enables it to support further development drilling as well as a decent wildcat program without having to return to the market for capital.
With a drilling success rate that must be the envy of their peers they are constantly adding to revenue and reserves. Speaking of reserves we still have the reserve updates to look forward to in the near future.
regards
The Dog
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