"under the radar" certainly captures it for me. I suppose the...

"under the radar" certainly captures it for me. I suppose the energy sector as a whole is largely out of favour atm, at the very least the positive coverage recieved by AMU of late should get it back on some radars. Perhaps we will see some more interest when sentiment turns ? Cant see any great incentive for buyers to return to the market en-mass atm, but ofcourse this will occur at some point.Having said that the buyside for AMU has improved over last week or so and sellers dont seem keen to sell at these levels.

I thought i would include a few excerpts from the Hartley's research

12 month price target 91c
Valuation A$1.21
Current sp 39c
Current MC A$78m

Valuations;

1P A$210m or 105 cps
2P A$331m or 165 cps
3P A$454m or 226 cps

" Even a very conservative application indicates considerable value is available to investors at these levels"

Exploration;
Value of exploration upside to sp
Total risked 33 cps
Total unrisked 176 cps

Debt;
"We believe debt level is reasonable, but may be viewed unfavourably by market ATM"... " We believe that any excess cash from current operations will be used to further decrease debt" One assumes this belief is drawn from briefings from the Co and echoes statements made at AGM on the subject.

Summary;
(I have paraphrased)
"Amadeus has a solid asset base that provides low risk, long lived positive cashflow...Exceptional exploration success record...Hedging is prudent risk management and should be seen as a positive...Companies with reserves and cashflow will be more likely to recover when sentiment improves"