See the final para here:
---
The Company expects that with longer lateral sections and successful multi stage well stimulations, initial
flowrates in excess of 10 mmscf per day are possible. As a comparison Armour points to the evolution of
shale gas drilling, completion and production strategies adapted by Range Resources Corporation (a
US$11.5B corporation) exploring in the Marcellus Shale (north east USA) where flowrates increased from
30,000 scf per day to 14 mmscf per day over 8 wells spanning 4‐5 years. With the benefit of its
encouraging early results, Armour intends to continue unlocking these plays as soon as possible with the
support of a strong industry partner. Discussions are ongoing in this regard.
AJQ Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
