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post Posted: Apr 17 2018, 04:49 PM
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In Reply To: blacksheep's post @ Apr 17 2018, 03:51 PM

Thanks for the quick info B/sheep. I would have expected CTP to get a nudge up also, even though much of it's NT fields are conventional. Mayby the news hasn't circulated yet ?

post Posted: Apr 17 2018, 03:51 PM
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In Reply To: lgrif's post @ Feb 10 2017, 04:28 PM

Seems to be some interest today - SP up 8.89% @ 9.8c. Could be due to the NT Government lifting the Fracking moratorium? AJQ have some acreage put on hold.

In September 2016, the Northern Territory Government announced a moratorium on hydraulic fracturing of onshore unconventional reservoirs including the use of hydraulic fracturing for exploration, extraction and production, including Diagnostic Fracture Injection Testing. This moratorium places a halt on any territory-wide activity for Amour until the moratorium is lifted.

Fracking set to resume in the Northern Territory as moratorium lifted
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

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post Posted: Feb 10 2017, 04:28 PM
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Been no interest in AJQ for a long time until now. Seems to have broken downtrend however; resistance appears to be ~ 9.5-10c; 12c; 16c; 18c.
Just my thoughts, DYOR.

post Posted: Aug 31 2015, 09:14 AM
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AJQ Armour Energy


It seems Chinese suitor (AFReview today)

post Posted: Mar 12 2014, 11:40 AM
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Just noticed the stack of former Arrow/Bow management involved with Armour Energy.

Nicholas Mather
Robert de Weijer
Stephen Bizzell

Bell Potter has recently initiated research coverage
Morgans has issued a new research report.

Can't say I am very familiar with the basins that Armour has interests in. Anyone else having a look at Armour?


post Posted: Oct 30 2012, 09:24 PM
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In Reply To: Nick_crx's post @ Aug 13 2012, 10:35 AM

Conventional Gas Resource in the Glyde Sub

Basin of EP 171, Northern Territory,

increases from 10.2BCF to 130.7BCF


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post Posted: Aug 13 2012, 10:35 AM
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In Reply To: crooky's post @ Apr 13 2012, 11:02 PM

some commentators think this is the next BRU.

Results on friday are a good start.

one to keep an eye on, cashed up and lots of targets.

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post Posted: Apr 13 2012, 11:02 PM
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In Reply To: crooky's post @ Apr 13 2012, 10:54 PM

wrong site /
wouldn't allow me to start new topic . / new company IPO /listing the other night /day
ened up here,

post Posted: Apr 13 2012, 10:54 PM
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Lakes Oil (ASX: LKO) and Armour Energy expect to next week spud the Moreys-1 gas exploration well in the onshore Otway Basin that could result in early cash flow if successful.

The Moreys prospect is a tilted fault block that straddles the border between Lakes' PEP 169 and Somerton Energy's PEP 168 along a known west northwest trending hydrocarbon fairway.

It targets the Late Cretaceous Waarre C sands with secondary targets in the overlying Flaxman formation and underlying Eumeralla Formation.

The rig, which is already on site, is expected to spud Moreys-1 on April 18.

It will take about 10 days to drill the well to its planned total depth of about 2000 metres.

Nearby fields are located both to the east and west while an existing gas pipeline is less than 1 kilometre away.

Lakes added that Moreys appears similar to the McIntee, Fenton Creek and Mylor fields operated by Origin Energy (ASX:ORG).

Armour, which is currently in the middle of its initial public offering to raise up to A$75 million, is funding the cost of the well to A$2.5 million to earn its 50% stake in PEP 169.


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