AMU amadeus energy limited

If i read the Macbank offer document correctly than the current...

  1. 1,200 Posts.
    If i read the Macbank offer document correctly than the current SP (+debt) only reflects the value of the P1 reserves. The upside value (2P+potential) was about 3x that. Schwing could also add substantial value, AMU holds 50% and it is a high impact well. Looks like good value here with limited downside and potentially rewarding upside. Holding at 24c.
 
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Currently unlisted public company.

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