AJQ armour energy limited

Haven't looked at the Armour website for a while, went for a...

  1. 1,351 Posts.
    lightbulb Created with Sketch. 97
    Haven't looked at the Armour website for a while, went for a visit and it looks like the website has been updated, looks good.

    Also, SMH has an article titled: "Barnaby Joyce to sell property to avoid CSG 'conflict of interest".

    Link below but most interesting parts are:

    Joyce paid $230,000 for a property in 2006: "Joyce has never expressed outright opposition to CSG. Since the parliamentary inquiry of 2011, he has spruiked the need for prime agricultural land to be left alone, water resources to be left untainted but, most importantly, according to him, that the landowner is well remunerated for mining his or her land.

    Joyce has proposed that a landowner get 1 per cent of the well head revenue of a CSG well. The best performing well in Queensland produces $1 million a day but an average CSG well is worth about $60,000 a day.

    At that metric, a single well would earn a landholder more than $200,000 a year before tax - enough to completely reshape the value of land in marginal areas throughout the Pilliga - like Gwabegar".

    And finally: "Denis Todd, a farmer from nearby Baradine and a Warrumbungle Shire councillor, recalls a conversation he had with Joyce at a petrol station in about 2009. I asked him, 'Why did you buy that mongrel country out there? You could have bought better grazing land closer to St George [four hours away from Gwabegar by road],''' Todd says.

    According to Todd, he asked Joyce if he had bought to take advantage of the coal known to run throughout the Pilliga. Todd says Joyce responded: ''The coal's too deep but there's plenty of gas there.''

    Maybe Barnaby has been hanging out with Eddie Obied....


    Read more: http://www.smh.com.au/federal-politics/federal-election-2013/barnaby-joyce-to-sell-property-to-avoid-csg-conflict-of-interest-20130824-2siel.html#ixzz2cyl2CQyE
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.