AJQ armour energy limited
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Ann: Armour Signs Gas Sales Agreement with Shell, page-3

  1. Mitchdon
    1,012 Posts.
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    20/03/23
    14:08
    Post #: 66859444
    Virtually doubling the current contract price with more upside into 2024 is definitely positive. At $12 gj its still a long way off the $20gj we were hoping for in the October presentation.

    Hopefully by the time the new contract is in effect production is pushing towards 10 tj/day.

    Against these positives are the uncertainties around MOG, after the failed demerger plan, and the need to restructure the balance sheet.

    It looks like AJQ may look very different in 6 months time.
    AJQ Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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