AMU amadeus energy limited

Announcement states that net reserves at Longville are...

  1. 630 Posts.
    Announcement states that net reserves at Longville are equivalent to greater than current full years production

    I could be wrong but if AMU currently trades at 30c and is on a PE of less than 3x, wouldnt those wells be worth at least 10c per share ?
 
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Currently unlisted public company.

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