Ann: Amadeus & Lonestar Agree to Create Leading O, page-12

re: Ann: Amadeus & Lonestar Agree to Create L... The thing that gets me is that the $13M in the bank disappears if we join up, then you're looking at some $5-7M cost per horizontal well thereafter. Our cashflow might support one or two wells per year-not material enough to make a difference any time in the near future. AMU have sat on their hands over the past 1-2 years with no prospect of a dividend because the costs seem to equal earnings. The idea of rewarding (or them working for) shareholders appears secondary to their desire to keep their cushy jobs. I would much rather see assets sold and the company wound up instead of this director-perpetuating and questionable-value transaction occur. Of course, any potential purchaser should be asked if they have any cash to actually complete the transaction, something the directors clearly did not bother to ask the prospective purchaser last time...