AJQ 3.13% 3.1¢ armour energy limited

Ann: Myall Creek Well 5A Spudded, page-6

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  1. 95 Posts.
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    This is a thoughtful post and question.  With all the potential that this stock has with FNQ and NT and currently in the Surat, I wonder when or even if the Company will turn a profit.  The problem is all the new income etc is outweighed by costs, and all the potential sites in FNQ will require a big infrastructure build with the associated cost.  Even if this is somehow funded without Shareholders paying more into Cap Raises, there will be a lot of debt to repay.  


    I'm in this for the long term, but have been holding for a long time already.  At some stage, it would be good if we get to see future cost versus benefit analysis from Armour..... with a big focus on Shareholder benefit !


    Nice forcast results from this well btw.  Keep up the good work.


 
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