with all due respect to your valuation methods ABNAmro recently valued Amadeus at over $1. The report is available on AMU website if you are interested in their methodology. You are correct in saying that the oil development drilling only adds incrementally to their production but Amadeus is increasingly more exposed to gas thru their wildcat program.
The renewable fuels shareholding has now been completely written down to $o on AMU balance sheet and so that is completely behind us now.
AMU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
