Ozgem, perhaps herein lies some of the problem at the moment...

Ozgem, perhaps herein lies some of the problem at the moment with AMU. Production is not ramping up (but perhaps they are working on that), and proven reserves (as announced today) have not increased markedly, given the level of exploration expenditure. 2P reserves, they say, are still under review.

So, based on today's announcement I may have to revise (in my own mind) the % of exploration expenditure required to maintain reserves and output.

Hopefully I will learn more tomorrow at the AGM.