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10.0¢ armour energy limited

Ann: Binding Term Sheet Executed for Farm-in by Santos, page-45

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136 Posts.

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17/10/19

11:36

Post #: 40927868
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Originally posted by Large Portions ↑

Orion the compliment was genuine and well deserved !

will your drilling Company get any business from this JV ?

I also completely agree it is a travesty as to
the restrictions being placed on Lakes Oil ... even on Conventional Wells for goodness sakes, what is going on down there ?

Yes, I was aware that we have other tenements hence I made the point that it would be good in the future if we can keep the lions share of future earnings ourselves.

We have a great opportunity to learn from Santos, we need to smarten up, and Santos is probably the best partner we can learn from in this regard. I genuinely hope we make a success of this JV with Santos.

As for the retail CR ... do we still need this and the dilution this creates ? I realise some retail Shareholders would still want this, but we are awash with funds and this dilution will put a handbrake on the shareprice and send it downwards again.

GLTH

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We are no where near awash with funds

AJQ Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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