AJQ 0.00% 10.0¢ armour energy limited

See the final para here: --- The Company expects that with...

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    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.
 
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