AJQ
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0.00% 10.0¢ armour energy limited

I like the summary:- 100% ownership of an entire petroleum...

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  1. trackers
    1,208 Posts.
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    30/11/12
    12:54
    Post #: 11130513
    I like the summary:


    - 100% ownership of an entire petroleum province

    - 41 TCF and 2billion barrels prospective resource...Could be around 25% of Australia's known gas reserves

    - $40mil net cash

    - Market cap $72mil (its about 10% less than this atm). EV $32mil. Acreage 33mil acres

    Company valued at $1mil per 1mil acres
    AJQ Price at posting: 23.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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