Latest from ABN, 11 May, should create some interest. Not that...

Latest from ABN, 11 May, should create some interest. Not that it's made much difference in the past. Poo stable and gas flying I would expect these shut ins to be reversed in the near future.

Valuation and risks
We value AMU’s US assets on the basis of gas in place at US$2.50/mcf and oil at
US$10/bbl. Coupled with some value for exploration upside of A$0.18/AMU share,
and offset by debt and projected corporate overheads of A$0.50/AMU share, our
valuation is now A$0.81 per AMU share, previously A$0.81. The target price of
A$0.60 remains, a discount of 25% to the valuation. The market still displays some
aversion to junior resource companies with some debt, regardless of the
demonstrated sustainability of the business plan and the track record of
management, but this risk aversion appears to be diminishing.