700,000 cf/d is good yes, but Armour engineers are predicting twice that once stim fluids are removed, and that's just one well of 3. Very good news to come I reckon.
And not to forget the potential reserves update; last time we had one of those was almost 2 years ago and that was for over 50% reserves increase.
The quiet excitement that BD is portraying, makes the next update potentially mouth watering, not just for PL71, but for the surrounding vast ATP's.
No wonder Santos and Shell wanted that tender to the north, they know full well what's probably there.
Origin and Falcon are going to continue their Beetaloo drilling campaign over the wet season, which should keep interest high up there. Santos and Empire are resuming in March/April, but Empires preliminary results could be out before Christmas.
There'sa lot to feel confident about with Armour, but it's been a long long time.
AJQ Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
