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Armour Energy Ltd

ASX:AJQ
A$0.100Latest close held · delayed

Past year: ▼ 20%(10.0c – 12.5c AUD)

Market cap
A$10.2m
Shares on issue
102m
In-ground value
A$793m
Risked multiple
19.48×
Story beats
218 since 2012
Last event
29 Aug 2024

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

28 June 2012drilling spud▲ GoodMajor

Kilgour North 1 in EP171 (100%) is drilling after surface casing was set at 319m, with a proposed depth of 2,100m. A petroleum discovery at Cow Lagoon 1 was formally notified to the NT; log interpretation continues.

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27 June 2012drilling progress report● Neutral

Holdgate-1 was at 2,448m and drilling ahead toward a revised 2,800m total depth. Armour is funding the well to earn 51% of PEP166. No results yet.

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26 June 2012drilling progress report● Neutral

Lakes Oil's version of the same update: Holdgate-1 at 2,405m after mechanical difficulties, drilling to resume toward a revised 2,800m. Duplicate of Armour's 26 June release.

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26 June 2012drilling progress report▼ Bad

Holdgate-1 hit mechanical difficulties at 2,405m. Lakes expects drilling to resume within hours, now toward a revised total depth of 2,800m rather than 2,500m. Armour is funding the well to earn 51% of PEP166.

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19 June 2012drilling result▲ GoodMajor

Cow Lagoon 1 finished at 1,804m, cased and suspended. It found gas in the Lynott and Reward Formations, with flares and shows from 295m to 1,560m, proving a trap. Kilgour North 1 is due to spud 22 June.

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13 June 2012investor presentation● Neutral

Presentation to the Gold Coast Resources Showcase, restating the board and CEO track records and previously disclosed resource estimates. The visible text shows no new results or figures.

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12 June 2012drilling progress report● Neutral

Armour's version of the Lakes Oil update: Holdgate-1 at 1,560m and drilling ahead toward a proposed 2,500m. No results yet. Duplicate of Lakes Oil's release.

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