AJQ 3.13% 3.1¢ armour energy limited

Ann: Operational Update - Myall Creek Well 4A, page-22

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  1. 1,261 Posts.
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    Generally observing it's got about $20 million a year income now moving to about 40 million with in 6 months and then on to 20TJ sales which could easily double that number again. Origin and AGL left most of the reserves behind because of the prevailing prices at the time and as well did not even investigate the production of the minor horizons nor did they engage in any comprehensive drilling program. That's why AJQ directors bought the bloody thing, it was a gift of magnificent proportions and building nicely. A cursory examination portends at least a 10 bagger here within 12 months.
 
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