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yogi-in-oz
07-03-2004, 08:58 PM
:) :) :) :) :)

Hi folks,

Some brief thoughts about AMU .....

Saw the AMU presentation in Perth yesterday,
quite an impressive story, especially with
their US production, right at this point in time.

If the uncertainty about energy production
escalates in muslim countries, then it will
be companies, with domestic US/AU production,
that will benefit the most ..... AMU being one
of them.

Technically AMU looks strong and with a current
drilling program, the market may get more
excited about this stock .....

..... price targets ahead at about:

64 - 81 - 93 cents

If the resources seminar is presented in a similar
format, then it should be as well patronised as
the oilers forum ... and a good crowd of traders
attended that one.

have a great weekend all

yogi

:) :) :) :) :)

yogi-in-oz
25-05-2005, 12:22 AM
:) :) :) :) :)


Hi folks,

AMU off its lows, with some volume now .....

happy days

yogi

:) :) :) :) :)

yogi-in-oz
14-10-2005, 12:47 PM
:)

Hi folks,

AMU ..... looks like it has the POTENTIAL
to go ballistic from here ..... right now, it
is has just lifted off the launching pad,
at our previous target of 1.22 .....

Now, we are shooting for 1.83, with other
resistance expected around 1.44 and 1.60,
on the way up ..... :)

Key AMU dates ahead may be:

17102005 ..... minor and positive

25102005 ..... minor and negative

28-31102005 ..... significant and positive

16112005 ..... significant and negative
..... a flat period here???

02-04122005 ..... significant and negative news ..... high??

15122005 ..... minor

happy days

yogi

:)

yogi-in-oz
03-11-2007, 04:27 PM
:)

Hi folks,

AMU is set to see some volatility ahead
this month, according to our astroanalysis:

05112007 ..... positive news expected here,
with 2 time cycles in play


16112007 ..... negative spotlight on AMU

19-23112007 ..... a strong rally here ... ???

27112007 ..... negative news expected

30112007 ... minor and positive - finances

14-17122007 ... 2 significant time cycles may
focus a positve spotlight on AMU and bring
some good news, as well ... ???

21-27122007 ... negative cycle - finances???

have a great weekend

paul

P.S. ... ADU may also respond to similar cycles,
as those posted, above.

:)

=====

shane_m
03-11-2007, 05:39 PM
Yogi, you dont need to look up the stars or the international space station using a telescope to work out AMU is a good buy. I hold AMU.

shane_m
07-11-2007, 10:43 AM
Title: Open Briefing®. Amadeus. Appointment of RBC to Unlock Value
Record of interview:
corporatefile.com.au
Amadeus Energy Ltd (ASX code - AMU) recently engaged RBC Capital Markets

Corporation to investigate opportunities to assist the Company in unlocking the
upside potential of its US assets. Why do you believe the assets are undervalued?
MD Geoffrey Towner
I believe that the share market valuation of our Company takes full account of only
our 1P (proven producing) oil and gas reserves, but does not allocate any value for
our 2P (proven developed non-producing) oil and gas reserves. In addition, the
market does not appear to be allocating any value to our exploration drilling and
well enhancement program. Over 12 months we are drilling 14 to 15 wells, of
which any one could add significantly to shareholder value. With the Royal Bank
of Canada we will be evaluating our 2P reserves in great detail and we expect that
they will be considerably higher than last year’s reserve estimates.
corporatefile.com.au

What are the objectives and scope of the RBC mandate?
MD Geoffrey Towner
Royal Bank of Canada has been appointed to investigate opportunities to assist the
Board in unlocking the very considerable upside value of our US assets for the benefit of all shareholders. They will look at a range of options including a US
listing, a possible merger, further asset acquisitions and any other opportunities
which might come forward in this historically strong market for oil. We have
given them a wide mandate.
corporatefile.com.au

Amadeus has also reached an agreement in principal with an internationally
experienced professional to be US Operations Manager located primarily in Texas.
Can you give more detail on his skill set? What responsibilities will he have?
MD Geoffrey Towner
The US operations manager has a strong financial background and has been in
commercial and operational aspects of oil field management in both the US and
Australia. His duties will include overseeing all of our operations in the US,
liaising regularly with our contract operators, negotiating with joint venture
parties, dealing with commercial and investment bankers and discussing with RBC
the options to raise the Company profile in overseas capital markets.
corporatefile.com.au

How do you expect the US Operations Manager to add value to your US assets?
When do you expect to ratify the appointment?
MD Geoffrey Towner
As an Australian-based public company, we have a strong need for an experienced
person on the ground in the US at operational level. Having worked for a large
Australian public company in Australia and in the US the candidate fits our
requirements very well. We are currently framing the terms of employment and
expect a December 1, 2007 starting date.
corporatefile.com.au

Can you recap your recent drilling successes and the highlights? What is the
potential of the larger exploration plays?
MD Geoffrey Towner
Our drilling program over the past 12 months has continued to focus on the
Halletsville project in Lavaca County, which has added significantly to our
monthly gas production. The recent Hoffer well, where we have a working
interest of 37.5%, has maintained a healthy production rate of 5,200 mcf/day and
110 bopd since January 4, 2007. Hoffer is a typical example of the type of well
we are targeting in our expanded drilling program in the Gulf Coast areas of south
Texas and south Louisiana.
Another is the SL 328#9 well, our first well with Kriti Exploration on the Lake
Long project, Lafourche Parish, Louisiana. This has yielded production rates of
2,400 mcf/day and 70 barrels of condensate per day. Amadeus holds a 21.90625%
working interest in SL 328#9.

Our most significant exploration play to date is expected to spud in early
November, known as the Schwing #2 well on the Gross Tete project, Louisiana.
Amadeus has a 52% working interest in this well which has a target depth of some
14,500 feet and potential reserves in the region of 35 billion cubic feet of gas and 5
million barrels of oil (100%).
corporatefile.com.au

In summary, what are the growth opportunities for Amadeus?
MD Geoffrey Towner
Our exploration program moving forward into Louisiana, Texas and Kansas brings
with it the potential for significant increases in reserves and higher production
rates over the next 12 months. Coupled with high oil prices, the strengthening of
our Board and management since July 1 and the engagement of the Royal Bank of
Canada to assist in unlocking shareholder value, we believe the opportunities for
growth are excellent.
corporatefile.com.au

shasta
13-11-2007, 03:54 PM
Title: Open Briefing®. Amadeus. Appointment of RBC to Unlock Value
Record of interview:
corporatefile.com.au
Amadeus Energy Ltd (ASX code - AMU) recently engaged RBC Capital Markets

Corporation to investigate opportunities to assist the Company in unlocking the
upside potential of its US assets. Why do you believe the assets are undervalued?
MD Geoffrey Towner
I believe that the share market valuation of our Company takes full account of only
our 1P (proven producing) oil and gas reserves, but does not allocate any value for
our 2P (proven developed non-producing) oil and gas reserves. In addition, the
market does not appear to be allocating any value to our exploration drilling and
well enhancement program. Over 12 months we are drilling 14 to 15 wells, of
which any one could add significantly to shareholder value. With the Royal Bank
of Canada we will be evaluating our 2P reserves in great detail and we expect that
they will be considerably higher than last year’s reserve estimates.
corporatefile.com.au

What are the objectives and scope of the RBC mandate?
MD Geoffrey Towner
Royal Bank of Canada has been appointed to investigate opportunities to assist the
Board in unlocking the very considerable upside value of our US assets for the benefit of all shareholders. They will look at a range of options including a US
listing, a possible merger, further asset acquisitions and any other opportunities
which might come forward in this historically strong market for oil. We have
given them a wide mandate.
corporatefile.com.au

Amadeus has also reached an agreement in principal with an internationally
experienced professional to be US Operations Manager located primarily in Texas.
Can you give more detail on his skill set? What responsibilities will he have?
MD Geoffrey Towner
The US operations manager has a strong financial background and has been in
commercial and operational aspects of oil field management in both the US and
Australia. His duties will include overseeing all of our operations in the US,
liaising regularly with our contract operators, negotiating with joint venture
parties, dealing with commercial and investment bankers and discussing with RBC
the options to raise the Company profile in overseas capital markets.
corporatefile.com.au

How do you expect the US Operations Manager to add value to your US assets?
When do you expect to ratify the appointment?
MD Geoffrey Towner
As an Australian-based public company, we have a strong need for an experienced
person on the ground in the US at operational level. Having worked for a large
Australian public company in Australia and in the US the candidate fits our
requirements very well. We are currently framing the terms of employment and
expect a December 1, 2007 starting date.
corporatefile.com.au

Can you recap your recent drilling successes and the highlights? What is the
potential of the larger exploration plays?
MD Geoffrey Towner
Our drilling program over the past 12 months has continued to focus on the
Halletsville project in Lavaca County, which has added significantly to our
monthly gas production. The recent Hoffer well, where we have a working
interest of 37.5%, has maintained a healthy production rate of 5,200 mcf/day and
110 bopd since January 4, 2007. Hoffer is a typical example of the type of well
we are targeting in our expanded drilling program in the Gulf Coast areas of south
Texas and south Louisiana.
Another is the SL 328#9 well, our first well with Kriti Exploration on the Lake
Long project, Lafourche Parish, Louisiana. This has yielded production rates of
2,400 mcf/day and 70 barrels of condensate per day. Amadeus holds a 21.90625%
working interest in SL 328#9.

Our most significant exploration play to date is expected to spud in early
November, known as the Schwing #2 well on the Gross Tete project, Louisiana.
Amadeus has a 52% working interest in this well which has a target depth of some
14,500 feet and potential reserves in the region of 35 billion cubic feet of gas and 5
million barrels of oil (100%).
corporatefile.com.au

In summary, what are the growth opportunities for Amadeus?
MD Geoffrey Towner
Our exploration program moving forward into Louisiana, Texas and Kansas brings
with it the potential for significant increases in reserves and higher production
rates over the next 12 months. Coupled with high oil prices, the strengthening of
our Board and management since July 1 and the engagement of the Royal Bank of
Canada to assist in unlocking shareholder value, we believe the opportunities for
growth are excellent.
corporatefile.com.au

Im in - 25/31 drills last year had commercial finds, they have good permits in the US, meaningful interests & a fantastic success rate.

Profitable & undervalued means it joins the Shasta stable.

Looking forward to see what RBC can do to extract full value.

Nice buying at sub 80c, & ABN Amro have a conservative $1.26 on them.

Some nice news from the Schwing #2 well in Louisana soon should wake AMU up...

Having missed BOW take off yesterday, i wont miss this one!

shane_m
13-11-2007, 04:55 PM
shasta where can I find the ABN Amro valuation? is it a paid subscription?

Since most oil usage is in USA I went through all the oilers that have interest in USA, and ranked them in terms of market cap and revenue for 2008. PSA and AMU were on the top 5.

shasta
13-11-2007, 04:58 PM
shasta where can I find the ABN Amro valuation? is it a paid subscription?

Since most oil usage is in USA I went through all the oilers that have interest in USA, and ranked them in terms of market cap and revenue for 2008. PSA and AMU were on the top 5.

No fluke i hold both either - oh & another 25 drill targets this year!

Its on the AMU site http://www.amadeusenergy.com/files/research_reports/2007/AMU_AMRO71030.pdf

STRAT
13-11-2007, 05:22 PM
Im in.:) managed to get 2/3 of my order filled this arvo at 77c. with a bit of luck I will get the rest at auction

shasta
13-11-2007, 06:22 PM
Im in.:) managed to get 2/3 of my order filled this arvo at 77c. with a bit of luck I will get the rest at auction

Nice timing Strat

Schwing #2 Well drilling ann due tomorrow...

Its the 2nd biggest drill target AMU has (like STX they also have an interest in the Deep Wilcox area, Louisana which is the biggest).

Should be interesting...

STRAT
13-11-2007, 10:35 PM
Nice timing Strat

Schwing #2 Well drilling ann due tomorrow...

Its the 2nd biggest drill target AMU has (like STX they also have an interest in the Deep Wilcox area, Louisana which is the biggest).

Should be interesting...the last 1/3 of the order is still outstanding. Never been in this position before. What happens if the SP goes off before the order is filled. Will DB just close the bid and settle?

shasta
13-11-2007, 10:39 PM
the last 1/3 of the order is still outstanding. Never been in this position before. What happens if the SP goes off before the order is filled. Will DB just close the bid and settle?

No it will remain "open" in the cue until settled or for 20 days (thats the ASB limit)

Here's a wee hint, as no brokerage will apply on the outstanding balance you can amend the SP up or down & the quantities for free!

I tend to buy at market when i want all of my order taken

shasta
13-11-2007, 10:41 PM
Nice timing Strat

Schwing #2 Well drilling ann due tomorrow...

Its the 2nd biggest drill target AMU has (like STX they also have an interest in the Deep Wilcox area, Louisana which is the biggest).

Should be interesting...

Actually we are due to spud on the 15th Nov (Friday our time)

Should still get the weekly drill ann tomorrow

STRAT
13-11-2007, 10:51 PM
No it will remain "open" in the cue until settled or for 20 days (thats the ASB limit)

Here's a wee hint, as no brokerage will apply on the outstanding balance you can amend the SP up or down & the quantities for free!

I tend to buy at market when i want all of my order takenThanks for that Shasta I might just bump it up (the quantity that is) but I wont be around at open so Im going to have to make any price amendments before open. I hate it when that happens.

As to market price I was being a tight **** but called the closing price pretty well.

ronthepom
14-11-2007, 03:17 PM
Thanks for that Shasta I might just bump it up (the quantity that is) but I wont be around at open so Im going to have to make any price amendments before open. I hate it when that happens.

As to market price I was being a tight **** but called the closing price pretty well.
Hi Strat had a look at this one thanks to you guys think i'll jump in as well, sold some PRE this one looks promising heres hoping

shasta
14-11-2007, 03:41 PM
Hi Strat had a look at this one thanks to you guys think i'll jump in as well, sold some PRE this one looks promising heres hoping

Nice work Ron

AMU made there weekly ann today & whilst the date keeps moving we are due to spud 18th November & take 52 days to drill the well.

That takes us out to 9th January (& id envisage further delays?).

Remember this is a 7.5 BCF Gas & 500,000bbls Oil target, with a possible 3 - 5 additional development wells in the formation, for a potential 35BCF & 5mmbbls target.

Whilst this is primarily a Gas target, the oil is a nice earner on the side!

ronthepom
04-12-2007, 03:21 PM
Nice work Ron

AMU made there weekly ann today & whilst the date keeps moving we are due to spud 18th November & take 52 days to drill the well.

That takes us out to 9th January (& id envisage further delays?).

Remember this is a 7.5 BCF Gas & 500,000bbls Oil target, with a possible 3 - 5 additional development wells in the formation, for a potential 35BCF & 5mmbbls target.

Whilst this is primarily a Gas target, the oil is a nice earner on the side!

Hi Shasta and Strat i bought some AMU at 77c did my homework and watched them go down, still think they are good buying especially at 69c, whats your thoughts?

shasta
04-12-2007, 05:27 PM
Hi Shasta and Strat i bought some AMU at 77c did my homework and watched them go down, still think they are good buying especially at 69c, whats your thoughts?

Look very cheap, though until RBC come up with some strategy to "unlock" the value, it looks like it'll drift for a while yet.

Hopefully long enough to jump back in!

yogi-in-oz
15-08-2008, 03:42 AM
:)

Hi folks,

AMU ... already off its recent lows and we are
expecting a positive cycle over the next couple
of trading days. to continue the rally ... :)

happy days

paul

:)

=====

shasta
02-09-2008, 07:10 PM
:)

Hi folks,

AMU ... already off its recent lows and we are
expecting a positive cycle over the next couple
of trading days. to continue the rally ... :)

happy days

paul

:)

=====

AMU with an impressive presentation out

Have held these before, cheap producer, well worth a closer look ;)

http://www.stocknessmonster.com/news-item?S=AMU&E=ASX&N=419564

shasta
11-09-2008, 03:49 PM
AMU with an impressive presentation out

Have held these before, cheap producer, well worth a closer look ;)

http://www.stocknessmonster.com/news-item?S=AMU&E=ASX&N=419564

AMU - Results & Strategic Outlook

Can't help but notice all the companies* sitting on large hedge losses, i thought it was simple, you get them when prices are falling, & sell out of them when prices are rising, fairly fundamental stuff!

http://www.stocknessmonster.com/news-item?S=AMU&E=ASX&N=420551

* O&G + Base Metal Producers

kura
11-09-2008, 08:20 PM
AMU - Results & Strategic Outlook

Can't help but notice all the companies* sitting on large hedge losses, i thought it was simple, you get them when prices are falling, & sell out of them when prices are rising, fairly fundamental stuff!

http://www.stocknessmonster.com/news-item?S=AMU&E=ASX&N=420551

* O&G + Base Metal Producers


No, I don't think it is that simple, as some lenders (banks) will insist on hedging of future production, regardless of weather price is trending up or down.

I was a shareholder in CRS, they took out a loan to fund expansion, and had to forward cover their production for the next few years at request of lender (Macquarrie) Then came production problems, and they couldn't deliver gold into the hedging contracts, then came the administrators .

shasta
12-09-2008, 05:26 PM
No, I don't think it is that simple, as some lenders (banks) will insist on hedging of future production, regardless of weather price is trending up or down.

I was a shareholder in CRS, they took out a loan to fund expansion, and had to forward cover their production for the next few years at request of lender (Macquarrie) Then came production problems, and they couldn't deliver gold into the hedging contracts, then came the administrators .

AMU instigates on market buyback

http://www.stocknessmonster.com/news-item?S=AMU&E=ASX&N=420660

STRAT
10-06-2009, 01:43 PM
I think its time yo revisit this one

shasta
10-06-2009, 06:53 PM
I think its time yo revisit this one

Onshore USA isn't the best place for an O&G company to be...

AMU still has debt

Whilst the company is a steady performer, its not for me

ELYOB
11-06-2009, 04:31 AM
Look who is the Chairman .....????? wot does he do for the problems ????

yogi-in-oz
13-12-2009, 12:17 AM
:)

Hi folks,

AMU ... hopefully, the two positive time cycles, due this week, will be
enough to give this one another lift off its recent lows ..... :)

have a great weekend

paul

:)

P.S. ..... BOL and BXB may also get a lift from the same
time cycles, this week ... !~!

yogi-in-oz
16-12-2009, 12:27 PM
:)

Hi folks,

AMU ..... acquisition announcement comes in, right on time ... :)

have a great day

paul

:)

=====

JBmurc
28-07-2010, 11:00 AM
Worth looking at again Oil will be back over $100 soon enough to much demand -anti deepsea drilling putting the hold on many new discoverys to keep world production up --Oil Infaltion coming
also Takeover talk on AMU

JBmurc
19-08-2010, 09:56 AM
Brought into AMU the other week paid 23.5c Reserve report out yesterday --with AMU having buyers keen on buying their assets I did some rough calcs--

whats going be a fair offer AMU
some rough calcs
2p Gas $2mmcf =$20m
2p Oil@30bbl =$300m

other assets TNT engineering+exploration grounds
======== $20m

so say the have a very low total fair assets value of ========= 340mill less debt 40mill

============= 300mill?? which seems crazy with the current Market cap only $72mill so no wonder there's Bidders keen even if they had to pay 50c they would still be getting the assets cheap

Might have to buy some more esp. when you look at the likes of SSN that have majors keen on paying round AMU market cap just for a 95% interest in half a block of exploration ground in the middle of the USA -AMU has much good exploration grounds valued at 0

gazprom1
21-08-2010, 08:20 AM
JBMc,

Thanks for the update on AMU. I have taken a closer look at their numbers and it looks promising. They seem to be fairly lax in terms of information on their drilling. Updates are few and far between. There dates for getting things down seem to expand out. Have you done any comparable valuation between AMU and a similar producer in the US to see how they stack up? AMU looks inexpensive if you look at cashflow v. market cap.

Will probably join you on the share register early next week.

Gaz

JBmurc
17-09-2010, 02:36 PM
In talking with John at Oil&Gas weekly sounds like AMU was offered round 30c by a US based company interested in acquiring the Company's assets.
- AMU want 140-150mill or round 48c to sell assets

maybe we might see one of the interested parties move up or AMU meeting half-way say 38-40c eitherway 24.5c has to be a good buy

gazprom1
17-09-2010, 04:16 PM
Thanks JB...I bought back a couple of weeks ago. Appreciate you bringing it to my attention as nearly 10% up and happy.

JBmurc
21-09-2010, 12:10 PM
EXPLORATION UPDATE
Paul Hermes Estate No. 1
The Paul Hermes Estate No. 1 well on the Hallettsville Project in Texas was
successfully drilled in July and the well has recently been perforated and tested. It is
anticipated that the well will be completed in the deepest of the identified zones.
Testing of this zone indicates that it may benefit from acid treatment and it is
possible that additional zones up‐hole may be perforated and comingled with the
deeper zone before the well is turned to production. Testing of the well is continuing
and it is anticipated that the well will be turned to production in the coming weeks.
Amadeus has a 35% working interest in this well.
Henderson Valigura No. 1
The Henderson Valigura No. 1 well on the Hallettsville Project in Texas has been
drilled to its target depth and logging and formation testing of the well has now been
completed. Two zones with possible reservoir development have been identified but
both zones appear to be tight and of low permeability and neither justify a
completion attempt. It has been determined that the well will be plugged and
abandoned. Amadeus has a 35% working interest in this well.
Schwing No. 3
The Schwing No. 3 high‐impact exploration well on the South Gross Tete Project in
Louisiana has commenced drilling. The well is targeting gross reserves of up to 35
BCF of gas and 3,000,000 barrels of oil from the Nodosaria sands and it is the highest
impact well to be drilled by the Company this financial year. It is anticipated that it
will take approximately 60 days for the well to be drilled to its target depth of 13,400
feet. Amadeus has a 52% working interest in this well

JBmurc
11-10-2010, 11:26 AM
RESERVES UPGRADE & MARKET UPDATE
Reserves Upgrade:
Amadeus Energy Limited (AMU) is pleased to announce an upgrade to the Company’s 1P reserves position as announced to the market on 18 August 2010. The upgrade follows the identification and certification of an additional 412,000 barrels of proven oil reserves on one of the Company’s leases in Ector County, Texas.
The additional proven reserves have been independently certified by LaRoche Petroleum Consultants (LaRoche) who are based in Dallas and have been calculated using the 3 year NYMEX forward strip prices as at 30 June 2010. The new reserves increase the total proven reserves position of the Company at 1 July 2010 to approximately 7.8 million barrels of oil equivalent, up from the 7.4 million barrels of oil equivalent reported on 18 August.
The identification of new reserves is consistent with the objectives of the TNT acquisition through which the Company obtained operational control of most of its producing projects.
Sales Process
Further to previous announcements regarding unsolicited approaches to acquire the Company’s assets and the intention to run a competitive sales process, the Board is pleased to announce that this process has formally commenced. The Company’s adviser, Macquarie Capital Advisers Limited (including Macquarie Tristone in the US) (“Macquarie”) have announced the potential sale in the US and provided an “overview flyer” to a range of prospective bidders including those who have already made unsolicited approaches. Interested parties who respond to this flyer will be given the opportunity to receive an Offering Memorandum next week and access to all relevant due diligence information. This competitive process will seek final offers in mid November 2010.

gazprom1
12-10-2010, 11:08 AM
Hey JB,

I doubled up on this at the open. did some background reading late last night and it just has to be sold at 35 cents plus. Getting excited about it. Hoping it will be sold for 40 cents plus and it would still be cheap on 1P and 2P.

Gazprom

JBmurc
12-10-2010, 11:47 AM
Yeah I agree 35c low side 45c high they also have a very good prospect drilling underway that could well bring in a higher bid
current 26c with Oil over $80bbl an chinise looking at the onshore USA Oil&Gas

gazprom1
22-11-2010, 11:59 AM
JB,

Trading hold re offers. Interesting that SP has been relatively unchanged for a while so either it is NOT a leaky ship or the offers are not that interesting. Would really like to see a 35 cent plus bid. Good luck to all of us!!!!

Gazprom

JBmurc
22-11-2010, 08:20 PM
JB,

Trading hold re offers. Interesting that SP has been relatively unchanged for a while so either it is NOT a leaky ship or the offers are not that interesting. Would really like to see a 35 cent plus bid. Good luck to all of us!!!!

Gazprom

yeah I'd be very surprised to see AMU take below 35c so that is the likely bottom dollar 36c-40c not out of the question will find out soon

gazprom1
23-11-2010, 07:08 AM
yeah I'd be very surprised to see AMU take below 35c so that is the likely bottom dollar 36c-40c not out of the question will find out soon

I re-read the announcement and they say offers have been received for "certain of the company asests". Does that potentially mean that we will sell some assets and retain others?? Was hoping for everything to be sold (perhaps even buy out of shares). Risk is company will receive proceeds from partial sale and then proceed with other projects which may mean we would not get a re-rating of the SP. I would rather get the cash and carry on. Thoughts JB?

JBmurc
23-11-2010, 11:08 AM
yeah hard to know if say they sell just some US assets an in turn reduce debt as long as it's not the best assets (which AMU has many permits/production) I sure AMU SP will do well out of it ,from what I heard though JC Oil&gas weekly a couple of the interested parties were keen on taking all of AMU assets for 30c AMU would only sell all assets for 45c+ but may do a deal on certain assets etc we may see AMU sell all production assets plus some of the surrounding exploration permits for a tidy sum say round 30c per share 80mill etc but still hold TNT engineering plus many good exploration grounds nil debt an 40mill+ in cash
-AMU will also re-rate if the latest drill find commerical Oil&Gas at The Schwing 3 high-impact exploration well on the South Gross Tete Project in Louisiana commenced drilling in September. The project is targeting gross reserves of up to 35 BCF of gas and 3,000,000 barrels of oil from the Nodosaria sands and is the highest impact well to be drilled by the Company this calendar year. It is anticipated that the well will reach its target depth of 13,400 feet during November. At the time of writing the well had reached a depth of 11,400 feet and intermediate casing was being installed. Amadeus has a 52% before casing point working interest in the well (35% working interest after casing point



---from the recent AGM-
OUTLOOK The future of Amadeus will be determined following the completion of the sale process. Whether this process results in an outright sale, a corporate transaction or the continuation of Amadeus in its current form, your Company is in a strong position. Amadeus is refinanced and well capitalised, is producing strong cashflows and has a well balanced portfolio of long term producing, development and exploration assets. Your Company is one of a handful of small cap producers that is profitable and holds predominantly long-life oil reserves.

gazprom1
23-11-2010, 11:34 AM
Thanks JB.

JBmurc
24-11-2010, 11:38 AM
SCHWING No. 3 EXPLORATION WELL
Amadeus Energy Ltd (AMU) announces that the Schwing No. 3 well in Iberville Parish, Louisiana, has reached its target depth of 13,400 feet.
The well has been logged and there was one thin zone of interest identified. Upon review of the section and consultation with working interest partners the zone was deemed uneconomical and accordingly it has been determined that the well will be plugged and abandoned.
Amadeus has a 52% (before casing point) working interest in the well. This well completes the Company’s exploration efforts in this prospect area


I'll take 30c -------------------------------but hoping for higher

gazprom1
07-12-2010, 09:09 PM
JB,

Another two weeks or so before we will knwo anything further re the sales process. I guess it is positive that discussions are still underway. Might be an early Xmas prezzie!!!

Gazprom

gazprom1
23-12-2010, 08:39 AM
JB, is today the day we open our AMU Xmas prezzie???? Been over two weeks since they said they would provide an update in two weeks.

Gazprom

JBmurc
23-12-2010, 02:45 PM
yeah wouldn'd be surprised but most likely it will be just before the New year so more likely a New year presents I just hope it's a good one- 35cps full takeover etc


Amadeus Energy Limited (ASX:AMU) advises that its discussions in relation to the sales process are ongoing and that it hopes to be in a position to make an announcement before 31 December 2010.

gazprom1
24-12-2010, 02:24 PM
Disappointed with the news out despite the sale raising US$60 million. However market cap is only A$72 million and they retained 49% of their proven reserves and 80% of future production and reserve potential. Announced a share buy back but modest at just over A$7 million. Sp is up a little...little value is given to what they have left.

JBmurc
24-12-2010, 07:10 PM
Yeah Oh well least with the Oil price over $90 and round 20cps recieved for only the sale of 49% of reserves and will reduce FY11 income by round 35% yet with Oil&Gas trending up it should well be less effects to AMU cashflows which they believe will be round 27mill

Looking forward AMU keeps it prime exploration grounds in texas,Oklahoma and Louisiana constitute approximately 62% of the Company’s FY10 operating cashflows, 51% of proven reserves as at 1 October 2010 and 80% of the future development potential that had been identified by the Company.

AMU will now be debt free (bye bye 39mill)

And is planning a Buyback of 10% of the shares

Overall As a trader an outright 35cps would have been much better but I'm not about to sell AMU for less than 30cps as how many Oil&gas producers are debt free with the assets & cashflows AMU have


AMADEUS COMPLETES SALE OF WHITE EAGLE PROJECT FOR CASH
CONSIDERATION OF US$60.25 MILLION
Amadeus Energy Limited (“Amadeus” or “the Company”) is pleased to announce that
it has sold its White Eagle Project in Kansas to Empire Energy E&P, LLC (“Empire”), for
a total cash consideration of US$60.25 million.
The White Eagle Project was purchased by the Company in 2005 for US$55.6 million
and since then has generated net revenue for the Company of US$76.0 million and
EBITDA of US$61.7 million.
Also included in the sale are the Company’s oil and gas leases in the Novinger East
Project in Kansas and the Shoreline Project in North Dakota, although these leases
make up less than 2% of the purchase price and less than 1% of the production and
reserves being sold.

JBmurc
13-01-2011, 12:31 PM
--AMU is valued at 68mill they just sold half of their 2p reserves plus 20% of their forward exploration grounds for 60mill---and they had what 4-5mill in the bank with 44mill debt?? and there's a buyback of 10% of shares underway...

so they will have round 20mill cash nil debt and if their revenue per Qtr 4-5mill(so exporation should be taking care of for 2011)

they will have to spend 7-8mill at average 25c share to buyback 10% of the shares taking us to 270mill shares

looks like a BUY to me at 22c

gazprom1
21-01-2011, 01:10 PM
AMU has received an unsolicited, conditional proposal that may result in an offer being made for all of the shares in the company!!! Lots of ifs and buts, however, I will be happy to sell mine at any price that starts with a 3 in front of it.

Thoughts JB??

Gazprom

JBmurc
21-01-2011, 01:11 PM
JB, is today the day we open our AMU Xmas prezzie???? Been over two weeks since they said they would provide an update in two weeks.

Gazprom

Hope your still holding Gaz looks like some wants to takeover the whole company now we know from AMU annoucements That this should be well north of 30c how much we'll soon find out tading halt in place to tuesday

gazprom1
21-01-2011, 01:22 PM
I sold out half when it had that brief rally after the sale of assets. Fingers crossed - nice to make some money after holding for a while. Where would you put your money IF we get taken over JB?

Gaz

JBmurc
21-01-2011, 01:34 PM
I sold out half when it had that brief rally after the sale of assets. Fingers crossed - nice to make some money after holding for a while. Where would you put your money IF we get taken over JB?

Gaz

well if its rounds 35c I'll have a nice pile of cash so will most likely invest in a couple companies I am quite keen on buying some more of the NAV rare earth IPO spin off very few Rare earth plays have a JORC resource also like to pick up some ARD cheap after the ex date for the USN distribution I really need to keep some more Oil gas exposure my only holding if AMU sold will be SSN with the rest of my portfolio made up mostly of Iron ore,Gold,silver,copper,rare earths,coal investments

shasta
21-01-2011, 03:23 PM
well if its rounds 35c I'll have a nice pile of cash so will most likely invest in a couple companies I am quite keen on buying some more of the NAV rare earth IPO spin off very few Rare earth plays have a JORC resource also like to pick up some ARD cheap after the ex date for the USN distribution I really need to keep some more Oil gas exposure my only holding if AMU sold will be SSN with the rest of my portfolio made up mostly of Iron ore,Gold,silver,copper,rare earths,coal investments

JB

If you have spare cash looking for a home, check out the DGR thread, a few spin offs to be listed this year, Moly/Copper, Gold/Silver & a Shale Gas play in amongst them.

Ill be updating my spreadsheet this weekend to highlight the NTA & discount to NTA etc - its a mini CFE in a way

JBmurc
21-01-2011, 08:51 PM
JB

If you have spare cash looking for a home, check out the DGR thread, a few spin offs to be listed this year, Moly/Copper, Gold/Silver & a Shale Gas play in amongst them.

Ill be updating my spreadsheet this weekend to highlight the NTA & discount to NTA etc - its a mini CFE in a way

yeah will do shasta

JBmurc
03-03-2011, 12:09 PM
MARKET UPDATE
Amadeus Energy Limited (ASX: AMU) wishes to update the market in relation to the
status of its discussions regarding a potential proposal to acquire the Company.
Since our last announcement two weeks ago, due diligence and negotiations have
progressed significantly but remain incomplete. The potential acquirer has invested
significant time and money in undertaking due diligence with a view to agreeing a
transaction which gains the support of the Amadeus Board.
Despite the substantial progress that has been made, there is no certainty that a final
agreement will be reached. Accordingly, Amadeus and its advisers believe it is in the
best interests of all shareholders for the Company to remain in voluntary suspension.
The Board appreciates that a prolonged suspension is not desirable but remains of
view that suspension is necessary.
A further update will be provided within the next week.

gazprom1
21-03-2011, 10:34 PM
well if its rounds 35c I'll have a nice pile of cash so will most likely invest in a couple companies I am quite keen on buying some more of the NAV rare earth IPO spin off very few Rare earth plays have a JORC resource also like to pick up some ARD cheap after the ex date for the USN distribution I really need to keep some more Oil gas exposure my only holding if AMU sold will be SSN with the rest of my portfolio made up mostly of Iron ore,Gold,silver,copper,rare earths,coal investments

It is a beautiful thing JB...33 cents plus around 2 cent dividend = 35 cents total. Nice premium to last traded price of 22 cents. Patience has been rewarded but it has taken some time!!!!

Gaz

JBmurc
25-03-2011, 09:02 PM
It is a beautiful thing JB...33 cents plus around 2 cent dividend = 35 cents total. Nice premium to last traded price of 22 cents. Patience has been rewarded but it has taken some time!!!!

Gaz

yeah sure has, now do we wait it july at current prices it will earn me another 7k more for my holding ----would take 33c if it was soon from a keen buyer ...

gazprom1
10-05-2011, 01:42 PM
JBM,

i sold my AMU on the 22nd of March for 30.5 cents...thought I was getting screwed at that. I see the price has dropped back to 24 cents sa the "amalgamation" looks like it may not go ahead. What do you reckon about buying abck at these levels?? The fear I haev is that if they call the deal off then the SP could well slip to around 20 cents despite the company being worth a lot more than that. Thoughts?
Cheers
Gaz

JBmurc
12-05-2011, 03:45 PM
JBM,

i sold my AMU on the 22nd of March for 30.5 cents...thought I was getting screwed at that. I see the price has dropped back to 24 cents sa the "amalgamation" looks like it may not go ahead. What do you reckon about buying abck at these levels?? The fear I haev is that if they call the deal off then the SP could well slip to around 20 cents despite the company being worth a lot more than that. Thoughts?
Cheers
Gaz

yeah I actually sold third of my holding at 30c and a another small amount at 26c not happy with the way it's gone AMU really have great assets cashflow and TNT if only the mgmt had a clue we'd be trading over 40c
still in the low 20's it has to be a steal with ongoìng drilling high Oil prices etc
I still think the deal may go through all depends on the AUD/USD rate we may end up only getting 30c etc

JBmurc
13-05-2011, 12:23 PM
Currently loading up into AMU no brainer at these levels with oil at $98bbl the USD/AUD cross rate going back in Eden favour the takeover looks more than a 50% chance of going ahead 32c-35c price AMU trading at 24c?? worst case 10% down IMHO upside 30%
on going drilling or another buyer outside upside ---lower Oil price ,fail of takeover downside

drillfix
13-05-2011, 01:34 PM
Excuse me JB, the below post is not directed at you, but at the thread title and the way Thread titles have been previously posted on some stocks.

For the sake of your efforts, I hope this stock goes upward for you.

Back to my post and sorry to change the subject.

Ok Folks, what is it with all these Misleading Titles here on ShareTrader?

I mean people seem to start threads and then walk away from them leaving the title that which maybe once or at a certain time is true, but then left here to sit as an official thread which in its present form is also Complete and Utter BS.

Because every day that passes, AMU does not look strong, it actually looks Pathetic and weak if you ask me, so why does Yogi not come back and sort out the title to show the correct Truth or reflection of it???

Perhaps it would be good to have a New Thread Posting Guideline, so that starting title emphasis on threads to what sentiment or condition the stock is, should be put in place otherwise it is all just Poppy Cock and Misleading Garbage, IMO.

As I have said in another thread, it is a complete focus block distraction when a thread is promoted wrongly, and it seems to affect my day some times because now I cannot get the 2 minutes of search and view time back into my life only to discover the stock that Looks Strong actually does not. Very annoying indeed.

JBmurc
13-05-2011, 04:42 PM
Excuse me JB, the below post is not directed at you, but at the thread title and the way Thread titles have been previously posted on some stocks.

For the sake of your efforts, I hope this stock goes upward for you.

Back to my post and sorry to change the subject.

Ok Folks, what is it with all these Misleading Titles here on ShareTrader?

I mean people seem to start threads and then walk away from them leaving the title that which maybe once or at a certain time is true, but then left here to sit as an official thread which in its present form is also Complete and Utter BS.

Because every day that passes, AMU does not look strong, it actually looks Pathetic and weak if you ask me, so why does Yogi not come back and sort out the title to show the correct Truth or reflection of it???

Perhaps it would be good to have a New Thread Posting Guideline, so that starting title emphasis on threads to what sentiment or condition the stock is, should be put in place otherwise it is all just Poppy Cock and Misleading Garbage, IMO.

As I have said in another thread, it is a complete focus block distraction when a thread is promoted wrongly, and it seems to affect my day some times because now I cannot get the 2 minutes of search and view time back into my life only to discover the stock that Looks Strong actually does not. Very annoying indeed.

thats why the threads I start I try not to add in my personal view point -AMU Oil&Gas- should be the title here I agree

As for AMU looking pathetic Mgmt have a lot to answer for as for Fundamental's at current levels cash-flow positive debt free etc--current SP, takeover time not so good
I stand by buying AMU at 24c

drillfix
13-05-2011, 05:26 PM
thats why the threads I start I try not to add in my personal view point -AMU Oil&Gas- should be the title here I agree

As for AMU looking pathetic Mgmt have a lot to answer for as for Fundamental's at current levels cash-flow positive debt free etc--current SP, takeover time not so good
I stand by buying AMU at 24c

Hey No worries there JB, and by no means am I dismissing your thoughts on a buy whatsoever.

Looking at the chat, it is starting to look very Technically Ski Slopped (if such word exists) the only thing so far going for this technically is that it has not made a lower low as yet and that the MACD signal lines appear to look as if they are starting to bottom out.

Fundamentally I dont know about the co or how much cash but take your word for it, though back to original thread poster, it would be good if folks could leave Super Duper type mimicking out of posts.

Good luck with AMU trades I hope they come off well for you mate :)

gazprom1
13-05-2011, 05:43 PM
thats why the threads I start I try not to add in my personal view point -AMU Oil&Gas- should be the title here I agree

As for AMU looking pathetic Mgmt have a lot to answer for as for Fundamental's at current levels cash-flow positive debt free etc--current SP, takeover time not so good
I stand by buying AMU at 24c

JBM/ DF,

I rarely start threads but try just to say the name and what they are into - gold, oil, coal, etc. Simple and effeective.

Re AMU, I am looking to buy but have not pulled the trigger yet. I more or less agree with your downside risk assessment...think that 20 cents could be the bottom if the merger fails on a "bad" market day - so just over 15% from here (possible day or three overshoot). Maybe a spread buy.

Gaz

drillfix
13-05-2011, 05:55 PM
JBM/ DF,

I rarely start threads but try just to say the name and what they are into - gold, oil, coal, etc. Simple and effeective.

Re AMU, I am looking to buy but have not pulled the trigger yet. I more or less agree with your downside risk assessment...think that 20 cents could be the bottom if the merger fails on a "bad" market day - so just over 15% from here (possible day or three overshoot). Maybe a spread buy.

Gaz


Hi Gaz,

Yes mate, exact sentiment there regarding naming of threads. Otherwise, at times it looks like a complete joke. I also feel sure, add a Tag to it if the poster who starts it feel but keep it on neutralised toward sentiment.

A good naming convention would be:

CODE : CO NAME : SECTOR : TAG (optional)

But at least the first 2 with a optional sector and tags, which basically is really in the pure interest of Sharetrader anyway.



Hope your keeping well there mate.

drillfix
13-05-2011, 08:14 PM
Speaking of Thread Starters,

where is Yogi???

One would have thought today of all days he would have shown up here.

Why you may ask?

Well, apparently today (at 5:30am) of all days, Jupiter, Mercury, Venus and Mars there was a planetary line up.

http://www.coffscoastadvocate.com.au/story/2011/05/13/planets-align-friday-13th/

http://www.youtube.com/watch?v=WX2Jnaqueew

Didn't obviously do much for the ASX but hey, does it ever?

Well Yogi, hope you are well wherever you may be :)

JBmurc
14-05-2011, 05:35 PM
In the last Qtr report it read on the takeover-
-While the A$0.33 payment under the Scheme is fixed, the final amount of the Distribution is subject to various factors including commodity price and foreign exchange movements and Amadeus' financial performance up to the date the Scheme becomes effective ("Effective Date").
-part from the recent update on takeover-
- Amadeus and Eden have today agreed that if Eden does not have committed financing in place by not later than 31 May 2011 then Amadeus will be entitled to terminate the SID. Eden has advised the board of Amadeus that it expects to be able to meet this timeframe and both parties are continuing to progress the Scheme documentation in the expectation that Eden will secure the necessary funding arrangements.

-The USD gaining some strength against the AUD over the last week should help Eden..... I'll be stoked with even just the 33c per share which would mean on my current holding and average holding price round a 20,000 profit

JBmurc
01-06-2011, 12:17 PM
the operation and corporate activities of the Company, the Amadeus Board resolved that it is in the best interests of the company and its shareholders to exercise its right to terminate the SID with immediate effect. Amadeus has yesterday terminated the SID.
Despite termination of the SID, Amadeus has advised Eden that in the event Eden is able to secure binding financing, the Amadeus Board will consider any revised proposal on its merits at that point in time.