pokerfacegreat post mateAmadeus seems to be doing everything...

pokerface

great post mate
Amadeus seems to be doing everything right imo, yet still struggles to gain favour with the market. Can't understand why.
enviable drilling record
great partners in US
huge acreage
focused producer with a healthy dose of big target wildcats
plenty of free cash flow
solid management

I could go on.

I also have looked at latest ABN research and agree that whilst it is a good report it is too conservative and as u say 11 cps for upside is absurd.
Given the chairmans address etc i dont believe your estimations are wild, even if we were to be uber-conservative and half them again the numbers look very good.

Whilst the market in general struggles as does the sp business of finding and producing oil and gas continues at Amadeus as usual. sooner or later the market will wake up and see what is right under their noses.