oooops made a mistake!!!

Read the press release too quickly and mistook 3 to 3.5 metres of reservoir as 3 to 3.5 bcf of reserves. Probably not to far off the mark any way but will try to get a clarification from the company.

Incidentally a 3 bcf sand which is about what you would expect given early estimates of what they had found at V West, would represent about half of the value of the total reserves Amadeus has in the United States. And people rave about AMU's prospects and the shares are up again today.

One other point better to get the stuff out of the ground and into cash asap. There is a bit of a fallacy surrounding this idea of having huge reserves in one's asset base.