AJQ 0.00% 10.0¢ armour energy limited

This Position has not happened over night..board of Armour have...

  1. 117 Posts.
    This Position has not happened over night..board of Armour have worked extremely hard over the past 3 years of upgrading resource. From the initial IPO of $0.50 and seed at $0.25c investors and board have watched diminishing value and are now in the position they always believed the company would be in stuck to the core business and know how. They will not let this company be taken away from them and the investors. Good article in Financial Review on APA Group with their NT's Pipeline No Pipedream four final tenders for the reality of the $1.1B Pipeline. Please read article below date 2013 for Armour. My final message to shareholders is to not be short and short sighted in regards to this board delivering value to us.

    APA Group (ASX: APA) is pleased to announce it has entered into a non-binding Heads of Agreement with Armour Energy (ASX: AJQ) to work together to facilitate the transportation of gas from Armour’s north Australian gas projects to eastern Australia and Northern Territory gas markets.
    APA has agreed to work with Armour Energy to explore the development of new pipeline infrastructure. Any investment will be subject to the satisfaction of a number of conditions, including gas resource certification, gas supply and transportation agreements and final board approvals.
    APA owns and operates a 7,000 km natural gas pipeline network in eastern Australia delivering gas to all major cities and towns. Armour Energy’s development is located 350 km north of Mount Isa.
    Mr Mick McCormack, Managing Director of APA said "We are pleased to be working with Armour Energy in their gas development. Our pipeline network positions us to work with potential new producers, such as Armour Energy, to facilitate timely entry of gas into the domestic and international markets."
 
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