AJQ 0.00% 10.0¢ armour energy limited

Ann: Convertible Notes Redemption & Refinancing, page-11

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  1. 2,274 Posts.
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    DGR is heavily invested in AJQ because they're all multi millionaires and they didn't get that way by being dumb. They're on their way to turning AJQ into a very large (mainly gas) producer at this stage. The Taroom trough on AJQ's ground has never been drilled and I think mainly because of cost as this would require a ++4000 metre deep well and they don't come cheap these days. For mine the geology and depth are prime for a huge oil discovery..... but AJQ has to walk before it can run,,, unless it hitches a ride with a partner.
 
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Currently unlisted public company.

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