-
Share
4,994 Posts.
20
06/08/18
12:25
Share
I understand the mid term target is to improve flow from around 9 tj per day towards 20 pj
Last quarter AJQ averaged 8.7 pj up from 7.8 the previous quarter
8.7 pj per day assisted the company generate quarterly revenue of $6m .
When we will we know the results of the recent program?
If production was to reach 20 pj, does that mean a jump in revenue to $15m per quarter or by connecting the 2 wells is it even better than that ?.
It seems to me the cost of obtaining 9 PJ flow is similar to the cost of producing a 20 PJ flow.
Arguably the increased flow balance is the highest profitability and you would think this should re rate the stock price several fold.
-