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3.13%

3.1¢ armour energy limited

Ann: AGM Presentation, page-6

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nsw004

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22/11/17

17:07

Post #: 29029472
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Originally posted by rmkpro ↑

Interesting stuff. So our total storage relative to how fast we can move it is huge. Ideally I imagine you would like to be able to channel the entire Kincora production nameplate 20TJ production capacity per day into storage in times of low spot market pricing as has also been indicated in previous presentations.

Effectively 7.5PJ provides us with capacity to store an entire years production at nameplate capacity.
365 X 20TJ = 7300TJ/7.3PJ. However without investing in the speed in which you can inject/draw you are going to be limited in your ability to respond to pricing imbalances in the market fast enough to take advantage of them. I wonder what change in this rate they have in mind at this stage? All a balance of how much you can make in arbitrage vs the CAPEX required to bring up that rate I suppose.

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Folks , there is a Solgold kind of stock in oil & gas sector, that is called Armour Energy, just joking ,lol

The fundas and long term technicals are very strong , just keep stacking AJQ. Got into it today for an initial position . All minor downsides for accumulation only here.

AJQ Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
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