amadeus has been poorly managed not just by share price decline but in general management. They had an initial good approach - to take acreage with low depth low producing wells 10-60 bopd and dig multiple producing wells quickly and inex pensively and then bring these on line so bopd grew steadily. Even when oil price declined they were ok but then management wanted the high risk ,high return of deep gas about when gas prices were turningMan down.So their profitability declined , debt up and share price down. Here we are then little upward potential barring a miracle large strike . Takeover price??32 cents per share if were lucky.Lets take it . Management are moribund ,Good luck all
AMU Price at posting:
22.0¢ Sentiment: LT Sell Disclosure: Held