AJL has the some of the best HDD (Horizontal directional drilling) technology in the world for pipelines and coal seam drilling. It has joint ventures with very large and respected companies like Clough and Spie Capag from France which is a subsidiary of the Huge AMEC group. The SEA gas contract will underwrite future economic performance for at least the next 18 months. The latest news on CH4 (chemical composition of methane gas) and the townsville power contract is good news for AJL's coal technologies which is the most advanced coal seam driller in Australia. They have just opened an office in Mackay to support the business in the bowen basin coal fields. With only 36m shares and a strong balance sheet this is one which could go for a run......the chart is looking likely as well.
AJL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
