AJQ 3.13% 3.1¢ armour energy limited

Well you obviously didn't learn to much if you think 0.8mscf/d...

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  1. 694 Posts.
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    Well you obviously didn't learn to much if you think 0.8mscf/d after drilling to 2300m and fracturing five zones. And don't know any company ant that would be pleased with that result.

    1 TJ roughly =6k so 0.6mmscf/d lefs say 4k x365= $1.5m that won't even cover the cost to fill the hole Isint the whole idea to make money?

    Managment and the geology team need to take a step back and see where they went wrong. And get it right the next time. I'm sure there will be some excuse from Managment as to why.. there is a bunch of scenarios they can come up with to say why it's not performing. But facts are that atm it's a duster

    Next quarterly cash flow will be interesting.
 
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