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Amadeus Energy Ltd
(AMU) is a publicly listed oil and gas producer and explorer
based in Perth, Western Australia. The company owns long life
proven producing oil and gas fields in the USA, primarily in
Texas, Kansas and Southern Oklahoma. The primary objective
of Amadeus is to acquire, upgrade and expand proven and probable
onshore oil and gas reserves to increase production and cash
flow, together with identifying and participating in exploration
opportunities. By maintaining a balanced debt/equity mix and
small debt payback periods on acquisitions, Amadeus has been
able to reinvest up to 75% of net operating cash flow to enhance
and grow company assets.
TNT Engineering Inc of Wichita Falls, Texas is the managing petroleum
engineer overseeing US operations. By searching and identifying
producing properties that fit the company's investment and production
criteria, Amadeus has formulated a strategy to enhance production
and cash flow by increasing recovery through water flooding,
drilling moderate risk step-out wells on established producing
leases, upgrading existing recovery systems and cutting operating
costs.
All oil produced is committed through sale contracts to major
refining companies in Texas. The company has achieved steadily
climbing production levels through its field enhancement activities,
timely acquisitions and exploration.
Decision making and administration processes of the US operation
is controlled from the Perth-based Board of Directors.
(from www.amadeusenergy.com )
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