Sydney - Monday - May 5: (RWE Aust Business News) - Amadeus Energy (ASX:AMU) has total 1P reserves at its US petroleum assets which include 5.6mmbo and gas reserves of 6.7bcf. The 2P reserves total 1.4mmbo and 3.7bcf gas. The company is awaiting a 2P update from TNT Engineering and will make a further announcement when this is included in the 2P total. Proven reserves have been valued for banking purposes at $US219m based at an oil assumption price of $US97 a barrel. The 3P reserves total a further 6.5mmbo and 74.8bcf of gas.
AMU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held