Armour Energy Updates Myall Creek & Horseshoe

Armour Energy Ltd (ASX: AJQ) has provided updates on Myall Creek #5A well and Horseshoe #4 located in PL511 and PL227, respectively. Both the licenses are wholly-owned by the company.

  • Production rates from Myall Creek #5A climbed to 23MMSCFd with a flowing wellhead pressure of 1364psi.
  • It started workover and completion operations on Horseshoe #4, and it is currently installing 2?3/8” production tubing.

By 1:25 PM AEDT, AJQ was trading at $0.061, up by 10.9 per cent from the previous close.

 

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