AJQ 0.00% 10.0¢ armour energy limited

Quality update. 2018 is the year things start to get good for...

  1. 1,460 Posts.
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    Quality update.

    2018 is the year things start to get good for Armour IMO, but patience is required.

    I think Costs will continue to outstrip Income for a while yet, as there is still plenty to do in the current Phase :

    * Technical studies;
    * Recommissioning, reflowing, reconnecting 19 existing wells;
    * Drilling new well targets etc etc.

    I guess we have enough on our plate, in terms of Costs and Activities, but just thinking post March we should run the ruler over our neighbour Empire, which has good ground and pipeline access but is a penny stock yoked by US operations & debt liability. If the numbers work, would be very interesting.

    GLTH
 
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