It's interesting that they put such emphasis on the engineering notes in the Quarterly. The Kincora gas plant, back when Origin operated it, had a peak capacity of 10 pj/a or 27 tj/d. The studies that Armour are currently conducting, are reportedly in order to be able to maintain a minimum of 20 tj/d. That got me thinking, that if they're going to spend a ton of money on Worley Parsons holding these studies for 20 tj/d, perhaps they're already assessing our capacity for more than 20 tj/d. Why stop there; why not 50? This made me think of what @Kreno and @SEMS said the other day about 20 tj/d being just the start. We currently have 9 tj/d, say if 4A gives us another 4 tj/d, which isn't out of the question, and we have another 3 wells planned before June '19, we may have more gas than we are able to process. Armour are stating their belief in over 1 TCF in the Permian sandstones across the tenements! So I theorise that Worley Parsons may be conducting some pretty interesting studies regarding this, and possibly even the storage capacity that Armour talked about 2 years ago, the creation of another 19 pj storage capacity from owned but deleted reservoirs. My mind is ticking...
AJQ Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held