And, while the high Australian dollar is disguisingjust how well...

And, while the high Australian dollar is disguising
just how well the US operations are really going, AMU is
cleverly taking advantage of the exchange rate, paying
off a US$3.5 million loan from a US bank with Australian
dollars coming in from the exercise of the November
2003 options. And, as it is most unlikely AMU is
repatriating any of the US dollars made from oil and gas
sales to Australia, it really does not matter what the
exchange rate is. The important thing is that in US
dollar terms, the company’s United States operations
are doing fine, and will do even better, indeed much
better, in the years ahead with oil and gas production
growing at quite a rapid rate.