AJQ 0.00% 10.0¢ armour energy limited

Ann: Operational Update, page-55

  1. 2,806 Posts.
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    Last quarter, the average gas production was 7.2 TJ/day. The plan was to produce 20TJ/day. They are not doing a great job on the production side.

    Myall Creek 4 flows at 0.6 to 0.8 million cubic feet per day (last financial report) which is around 0.7 TJ/day. If the other three drilled wells are like this, then, there is not much scope to increase production. The company was targeting 20TJ for 2019, then for 2020, and according to the latest presentation 'as soon as possible'!


 
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