Armor energy comparison, page-13

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04/12/17

10:02

Post #: 29339189
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Originally posted by frmen1 ↑

A few significant events to occur this month.
Probably the most important, in the short term, is the restart of the Kincora gas and condensate plant.y This will mean significant earnings for Armour from 9 tj/d gas, plus condensate, current oil, and also another CR installment of an additional $5M from MH Carnegie. I would expect a decent (not overboard though) increase in our SP with the announcement. The CR must be just about completed by now.
Due this month is the draft copy of the final report into Hydraulic Fracturing for Shale Gas in the NT.
Any positive outcome there will be good for our holdings. Rachael Pepper will only be presenting the report in its entirety once the social impacts report is finished in March or so, but we'll have a fair idea as to the sway of it this month. It will then be up to the NT Govt next year to decide whether the moratorium is lifted after that.
The QLD government (public) announcement that Armour Energy has been awarded PRL2016/2017-1-2 on the Roma Shelf (for domestic supply only) was due this month by the likely re-elected Palaszczuk.
Yes, a busy month, hang on.

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Thanks FRMEN1, AJQ must be close to "coming of age", it has had a colorful history since the initial IPO with bids from Westside and the deal with Chesapeake energy which was devastating to see the loss of Aubrey Mclendon. Now at stage 2 of development and income beginning to be realised, the next 12 months will be favourable fro Shareholders, IMO. GLTA.

AJQ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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Armor energy comparison, page-13

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