Please note this is a previous announcement!!My point is what a...

Please note this is a previous announcement!!

My point is what a cheap opportunity to get on board with potentially the big end of town at these prices-- catch you all in the nEW yEAR
Cheers BLUETOOTH

Armour Energy Limited
28 November 2013
Northern Territory Conventional Gas Resources Increase Ten-Fold
? Armour’s NT conventional gas Mean Prospective Resources increase from 322PJ to 3,496PJ. ? An addition to Armour’s 18.8 Tcf of unconventional gas Mean Prospective Resources in NT.
The Directors of Armour Energy Limited (ASX: AJQ) (the Company) are pleased to advise that third-party resource estimates have been updated following the Company’s 2013 Northern Territory exploration program.

SRK Consulting (Australasia) Pty Ltd. has based its estimate of 2,870 Bscf (3,496 PJ) Mean Prospective Resources, unrisked, on fifty-five (55) of Armour’s targeted prospects and leads. These estimates were made in accordance with the Society of Petroleum Engineers (SPE) Petroleum Resource Management System (PRMS) guidelines, and as of 26 November, 2013. A summary of SRK’s estimates are set out in the Appendix - Table 1.
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These estimates include and compare to the previous twenty-three (23) targets assessed by DeGolyer and MacNaughton containing 264.4 Bscf of Mean Prospective Resources, unrisked, in accordance with SPE PRMS guidelines and as of 1 April 2013 (Table 1).
This type of conventional gas accumulation was discovered by Armour in the Coxco Dolomite of the Teena Formation, a conventional, free-flowing reservoir in the Batten Trough, McArthur Basin. The Glyde 1 ST1 lateral well was tested in August 2012 and flowed at 3.3 million standard cubic feet per day equivalent (MMscf/d) at a pressure of 125 psi during 45 minutes of testing on a 16/64 inch choke. This discovery also substantiates the previously announced Contingent Resources, unrisked, assessed by DeGolyer and MacNaughton in accordance with SPE PRMS guidelines and as of 1 April 2013 (Table 2).
The Coxco prospects and leads were defined by SRK based on extensive studies of surface geology, well data, regional geophysical data, and integration of the extensive airborne gravity and magnetic surveys completed by the Company. The location of EP171, 176 and 190 within Armour’s broader Northern Australian portfolio