So for the newcomers to this stock...here is a quixk description...

So for the newcomers to this stock...here is a quixk description of where we are at....


1. Ex Arrow Energy Mgmt team driving this company.

2. Company has vast acreage on the north eastern side of NT and in western QLD.

3. Companies such as this are valued by EV/Acre. On this measure AJQ is one of the cheapest unconventional Oil/Gas plays in Australia.

4.Company last week announced the mobilisation of the a Halliburton drill rig for 2013 Queensland exploration campaign

5. On Sunday 12 May the company "Spud'ed" the 1st well and is currently drilling ahead.

6. Three (3) verticals wells to be drilled in this program and one of which will be frac'ed (six stage frac) horizontal lateral well are planned near Egilabria, Queensland, North of Mt Isa.

7. Target is the highly prospective 125m thick Lawn Hill 4 Shale Formation where consistently high gas readings were recorded by Comalco when drilling the nearby Egilabria 1 well in the early 1990s.

8. Armour is targeting a total of 9 TCF (Trillion Cubic Feet) of gas resources and reserves from the Lawn Hill Shale Play.

9. Target gas resource sufficient to potentially supply 6 million tonne per annum Liquefied Natural Gas (LNG) production for a period of 25 years.

10. Six Stage Frac'ing of 1st well to take place in Jul.