Last quarter AMU drilled 4 new development wells successfully, these wells we have a WI of approx 88% AMU also has an ongoing programme of re-opening wells shut in by previous operator.
As i understand it the company was somewhat restricted in its activities under the terms of the Eden takeover, this is no longer the case.
Balance sheet has been significantly strengthened and the Co is now debt free.
Its not all bad news
I do think that the board should be releasing more info in a timely fashion with regards its drilling and workover programs
AMU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held