suspension, page-65

Melman,

Well, there's Peter Lehle of course. But as I've said the board/management of AMU is one fundamental area I've not been happy with. That does need improving.

But I don't reckon you want to throw the baby out with the bathwater, as the old saying goes. It's still a good little company, with huge potential. Look at how AMU is currently priced on an enterprise value to 2P reserves basis. Its peers are trading around $20 per barrel of reserves and AMU isn't even half that. Its market price to book ratio is also similarly juicy compared to other companies in this sector. There's a lot to like.