AJQ 3.13% 3.1¢ armour energy limited

Was anyone here present at the AGM today? Good to hear gas...

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  1. 217 Posts.
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    Was anyone here present at the AGM today?

    Good to hear gas production will be hitting 9TJ/day this December.

    Also of note is Page 22 on Newstead Storage.

    Iona that is referred to West of Melbourne has a total storage capacity of 23.5 PJ and was sold to QIC for $1.8 Billion. Newstead has 7.5PJ of capacity.

    Iona is referenced as 500TJ per day in/out assuming this referring to volume moving in/out through compression. My broader questions are how much can we produce ex Newstead currently in/out per day? and - How much CAPEX is required to increase this capacity?

    Another way of asking the question in case I don't make sense.

    Iona can move 0.5 PJ per day of 23.5 PJ Total Storage or around 2% of total storage capacity. Iona is worth $1.8 billion.

    Newstead can move ### per day of 7.5PJ Total Storage or around ### of total storage capacityNewstead is worth ###.

    Interesting stuff. Link to QIC press release here -
    http://www.qic.com/knowledge-centre/gi-media-release-20151008
 
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