natgas in the us of a

Link to a bullish view on NG in US of A for those interested.

http://www.321energy.com/editorials/mckenziebrown/mckenziebrown040808.html

You'll see that US NG plays have been in an uptrend for a few years, unlike our friend AMU.

ABN valuation of AMU at around a $1 is based on steady gas production and NG prices in the $6 to $7 range

the reality seems to be a dramatic increase in NG production for AMU and NG prices more in the $9 to $11 range

Still we need to see a serious NG discovery to really lift the price. I'm happy to wait