AJQ LKO

re: Ann: Armour Energy Exercises Farmin Right... PVF,Agree 100%,...

  1. r36snowbound
    1,351 Posts.
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    23/12/13
    12:01
    Post #: 12734728
    re: Ann: Armour Energy Exercises Farmin Right... PVF,

    Agree 100%, considering the announcement states AJQ has an "immediate initial 15% working interest in PRL2, subject to using its best endeavours to undertake a $10m work program within 12 months".

    Yes, there is plenty of wriggle room to get out at no cost to AJQ, except would this take some of the shine off the reputation of AJQ's excellent management?

    I don't think AJQ management are the type to issue announcements containing big numbers if they don't think they can deliver.
    AJQ Price at posting: 18.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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