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10.0¢ armour energy limited

Ann: Letter of Intent for $100m Northern Territory Farmout to AEP, page-6

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JS76115

88 Posts.

20/08/15

11:09

Post #: 15841294
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Originally posted by striebs ↑

So AEP would get 75% plus operatorship of 21.5 million acres for US$100m .

Armour have spent almost $100m to date themselves .

So after phase 1 both parties will have spent a similar amount but AEP will have got three times as much for their money as Armour .

I guess that shows why Aubrey McClendon is a billionaire and Nick Mather isn't .

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.....and yet, we, small investors, can still follow Aubrey's step : with $100m already spent by the company, we spend almost NOTHING for this company at current market price. At current price, Armour's Enterprise Value is almost ZERO. And, that does not include the future payment from AEP.

AJQ Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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