AJQ 0.00% 10.0¢ armour energy limited

I think most people who are looking at AJQ are way to...

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  1. 2,057 Posts.
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    I think most people who are looking at AJQ are way to preoccupied with a CR.

    I own both AJQ and LKO, and from the way LKO is talking about its projects in Victoria (AJQ has a JV with them and also owns a substantial part of LKO) it looks like these wells will be relatively low cost and very simple to be put into production as there is an abundance of infustructure around that region.

    I would say all this Cr talk has made AJQ very undervalued.
    AJQ is a substantial shareholder in LKO, has a massive resource in NT and QLD, and also has the projects that LKO have in Victoria.

    Yet AJQ has around a 60m dollar MC and LKO has a MC of 43m.

    Not saying a CR or JV won't happen, but even if it does, I think our resources and mgmt will get us a great deal, a deal that will ultimately push our SP up, and not down, like most people on the sidelines are waiting for.

    Australian Gas projects will be and have been in demand, and as gas prices increase, so will the demand and the price of these projects.

    IMO dyor.
 
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