AJQ 3.13% 3.1¢ armour energy limited

Ann: Operational, Production and Corporate Update, page-7

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  1. 1,261 Posts.
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    According to their reports AJQ will sell ~ $50,000,000.00 of gas per year(5Tj/d) increasing to $200,000,000.00 per year (20Tj/d) within 18 months from start of sales. (current wholesale price quoted as between $7-$10 / Gj). They also are going to drill out their Emu/Apple oil field which is currently producing a tad of oil and begin drilling their other holdings. As they're drilling in a combined oil/gas area there's a good chance they'll strike another payable oil zone. For AJQs share price to be languishing around 9.5c appears mystifying to me as this doesn't even take into account their massive oil/gas holdings in NQ and the Territory in which a couple of drilled wells exist which are capable of commercial production. Comments anyone?
 
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Currently unlisted public company.

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