Ann: Response to Unsolicited Approaches , page-10

Reminds me of recent bid for Adelphi by AWE.

Move in AMU's SP 2day was interesting. Hope to see an offer in the coming days.

Shares: 304mil, SP: 0.245c, MCap: 74.48mil,

Cash: A$8.1mil, Debt: US$45.4mil (A$53.4mil @ 85c forex)

EV: A$120.1 mil (i.e, MktCap+Debt-cash)

Reserves: 1P: 7.1 mmboe, 2P: 12.4 mmboe, 3P: 18.71 mmboe
EV/2P: A$9.67/boe

What's more interesting is their 6 yearly turnaround, that has someone interested in AMU.

As per slide 6 frm their Feb presentation at Denver,

Production from 2004 to 2009: +158%, 281038 to 724850 BOE

Revenue: +268%, frm 14.8mil to 54.4mil

Ebitda: +400%, frm 6.2mil to 31mil

Op. cash flow: +492%, frm 5m to 29.6mil

Hope to see who's making the offer, a local or a US based entity.