AJQ 3.13% 3.1¢ armour energy limited

Ann: Operational Update - Myall Creek Well 4A, page-6

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  1. 4,994 Posts.
    lightbulb Created with Sketch. 20
    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.
 
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