AJQ 0.00% 10.0¢ armour energy limited

all good with e4, but e2 remains priority

  1. 37,286 Posts.
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    all good with E4, but E2 remains priority.

    E4 went very well. uncounted gas over 3 formations.

    E2 is still the priority well as this is the only well that's been side tracked.

    last update 19/9 on the above was a mixed bag of fruit. one wonders whether or not it will flow commercial rate.????

    a good question to ask the company "future side tracks, will the be drilled further than the first one.????. longer than 2,000 metres. *first was approx 570 metres in length*

    also note the PSI in Riversleigh Shale Formation pressure of 45psi. little on the low side.???? could this be a low flow rate.????

    this is still a very good news company with some exciting prospects.

    if you're a long term holder, this will be at least 6 year plus hold.

    indirect..

 
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