significant gas discovery - 3-4mmcfpd

Armour estimates continuing gas inflow rates during air drilling of approximately 3.5-4.5
million standard cubic feet per day equivalent based on open flow conditions at the flare
line.

- No water flow
- Lateral drill - Not horizontal...

Armour Energy is STILL trading below CASH BACKING. unreal.

AJQ has:

- World class management - Ex Arrow founders
- Significant shale acreage with prospective parts the size of England
- Flowing gas in several of the first drills (designed to test shale hydrocarbon content)
- Acreage has been independantly assessed as containing up to 18.8 trillion c.f gas, 2 billion barrels liquids