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10.0¢ armour energy limited

Ann: Operational Update - Myall Creek Well 4A, page-10

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frmen1

2,011 Posts.

159

09/10/18

13:05

Post #: 36050511
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Originally posted by orion123 ↑

What amazes me is that after every positive announcement the share price tanks. The latest Myall report suggests that the well is a powerhouse when taken into consideration its' fluid content and the fact that it's not yet cleaned out. Granted that there is no serious money chasing the stock and the daily volume says the stock is illiquid ( for traders and investors alike) would tend to stagnate the price, however the underlying value of the assets and cash flow suggests, to me at any rate, that the stock is undervalued by multiples. Would be very interested to hear from my co-owners if I'm on track with this or otherwise.

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Hi Orion. Would you expect the flow rate to further increase following all fluid retrieval? In the ann they seemed to leave it open to interpretation, saying that the 2 3/8 tubing would enhance fluid lift. TIA

AJQ Price at posting: 9.8¢ Sentiment: None Disclosure: Held
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