Australia's largest stock trading and investment forum Australia's #1 stock forum

AJQ

Click for more information

0.00%

10.0¢ armour energy limited

Thanks for the figures, not bottom line profits of course but...

First 7 Last

Share
Profile

Follow
SEMS

1,753 Posts.

142

09/06/17

13:07

Post #: 25196874
Share

Originally posted by CraigWheel ↑

No worries. I think we might have to wait for Oil and Gas to bounce back before we see much of a re-rate but as long as money is going in the bank and the interest is being paid off on the notes I won't be to worried about it.

797 million shares on issue if notes are converted.

80 million market cap at 10 cents a share.

Aiming for 20 TJs a day by end of 2018
20 TJs is 20 000 GJs.

4$profit per GJ (estimate) is $80000 a day
$80000 (365) is $29 mil a year. Add in the oil and condensate and I get around $33 mill.

PE of 2ish with no debt by mid of 2019 at 10c a share if things go close to this.

Just need to see what these Wells can produce and if Armour's Geos can unlock some more production. Not a lot of drilling going on right now so prices should be good for contractors.

All my ramblings, not investment advice.
Cheers

Expand

Thanks for the figures, not bottom line profits of course but good income, I am unaware of the associated costs of running a gas plant but I assume they would be substantial. Should be close to production of gas, the sooner the better. GLTA Holders.

AJQ Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 7 Last

Add AJQ (ASX) to my watchlist