I hold AMU and have tried to model the Kanas sale implication...

I hold AMU and have tried to model the Kanas sale implication for its remaining Texas holdings as well as the cash. Here my best calc guess below

Implications of AMU Kansas sale to ASX listed IMP(Imperial) Dec10
Estimated
Texas Sale Value
$80,000,000
$-
$80,000,000

$-
Texas Value $80,000,000
Cash $30,138,662
Total Value $110,138,662

Shares O/S 300,288,855
Implied NTA $0.367

Might be wishfull thinking on my part but when you read Hartleys latest comments (on AMU site 24 Dec10) regarding the Kansas sale they like me are a little confused about the Kansas sale and seem to think it may have been given away cheaply. Also the purchase seems very please with the quality of their purchase and at the price- Imperial Oil & Gas (ASX IMP). Accordingly I have start to research IMP and its looks better with Kansas purchase plus MACQ aere happy to fund Kansas purchase for them.