One well clean up delay....2 wells flowing to sales....meaningless delay really in scheme of things. 3-4weeks? for 1 of 3 wells
Most important stuff below...
“We are highly encouraged with these early indications in unlocking a new play within the Surat Basin. With the earlier success in the Black Alley Shale at Myall Creek, the Rewan formation is the second new pay interval Armour has started to unlock. These results clearly point to multiple new targets in both the Rewan and the Black Alley formations to build a multi-well programme around.”
AJQ Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held