Latest * news. Team Raas (John Burgess, Melinda Moore,...

Latest * news.  
Team Raas  (John Burgess, Melinda Moore, Andrew Williams.
Empire Energy Group (ASX:EEG) and Armour Energy (ASX:AJQ): On the resources front, we are focused on companies that are major beneficiaries of the Federal Government’s “gas led” energy policy. Empire Energy Group and Armour Energy deliver exposure to this. EEG is an oil and gas explorer in the NT (with production in the US) and has had very encouraging results from its first drill with shallower and liquids rich shows. AJQ’s North West Queensland and Northern Territory portfolio is underpinned by financial carry from STO and identification of the northern region (particularly NT) as a new, major source of gas supply. Both company are likely to benefit from in-ground activity on a regional basis with look through potential from industry work programmes (drill and test) in CY21. In addition AJQ delivers complimentary holdings in and around Wallumbilla in Queensland where it owns a gas production growth option (in a rising gas market) and storage optionality as a two-headed opportunity in both production and trading.
Pilot Energy (ASXGY): Within context, is a high-risk exposure delivering a multi-optioned play with Western Australia’s Cliff Head oil growth (in a rising oil price market) and emerging but transformational renewables opportunity. This opportunity is somewhat conceptual but the company could deliver significant, tangible value definition across CY21.