Ok - Massive news flow expected over the next 6- 8 weeks...Thinking it does not get better than this as far as ann expected go... Share price highly like to rise from here on the back of this newsflow....
Queensland:
1. Expecting update on 1st stages of the Halliburton horizontal frac at this point... from Egilabria #2 ... Expecting a large Gas flare from the Lawn Shale frac. Unfrac'ed it has already produced 2 x 8m Flares from approx 1100m and 1550m and a 5m Flare from bottom of hole around 1800m
2. Also expecting a drilling update from the Egilabria #4 Vertical well which spud'ed about 2 weeks ago. Expecting shows of gas at any time over the next few weeks
North Territory:
According the schedule released in the Company presentation on 6th Aug we are about to Spud the following three wells in the NT on EP 176, EP 171, EP 190 on the next 4 weeks or so:-
3. Myrtle Basin #1 Vertical Well - Spud Late August 13
4. Lamont Pass #3 Vertical Well - Spud Early Sept 13
5. Glyde Central Vertical well - Spud Early October.
I expect a lot of investors will be taking position in AJQ main shares (AJQ Options are too lightly traded) to gain exposure to this unprecedented news flow in the short term before the sp runs to far. Independent reports (avail on the company website investor relations Section) reviewing most of major Australian Oil/Gas juniors show independent "Fair value" of AJQ right now without success in these wells is approx 74c...
All is IMHO DYOR to Confirm
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