AJQ 3.13% 3.1¢ armour energy limited

Ann: Reserves Upgrade - Kincora Gas Project, page-12

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,504 Posts.
    lightbulb Created with Sketch. 40
    Thanks. When we purchased the Roma Shelf assets, there were 76 wells; 38 of those were still viable, and the initial plans included the workover, re-perforation, and stimulation amongst those wells, as well as the digging of new wells. The existing wells are where the likely savings will be. Go and re-read the announcement of 2/9/15. Armour strongly believes that there is significant gas still down those wells, including at depths that haven't been tested. Have a read of the potential of Ungabilla 1, very interesting.
    https://www.rigzone.com/news/oil_gas/a/23093/ausam_energy_finds_gas_with_ungabilla1_well/ among others. Ausam was definitely on to something before they ran into financial troubles. Just for now we wait.
 
watchlist Created with Sketch. Add AJQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.