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What made you second guess the Sth Qld part out of interest?

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jmtrader

146 Posts.

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07/01/20

08:50

Post #: 42256377
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Originally posted by Dozen: ↑

Storage capacity at Newstead will enable them to finesse sales into the spot market to maximise revenue.

To my mind the Myall Crk #5A results are terrific. I think this well is showing that the additional time and expense of horizontal fracked wells is definitely the way to go to tap into and exploit the gas resources AJQ is now proving up in the region surrounding the Kincora infrastructure. As per previous data supplied, the prospective gas prone strata in this region are very thick. I was having second thoughts about the wisdom of investing in these tenements in Sth Qld , but no more. I am now confident that AJQ will reach and exceed their targeted 20 tj/day and that their next target of 30 tj/day is achievable also, with more drilling in this promising region. Being wet gas there is the bonus of condensate production as well. The upside here, combined with the other tenements in north Queensland and the Northern Territory, is enormous and will certainly dwarf any concern over a small capital raising enabling shareholders to participate further in this emerging opportunity.

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What made you second guess the Sth Qld part out of interest?

AJQ Price at posting: 6.2¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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