Armour Energy: Completes stimulation work at Warroon 1 well

  • Armour Energy (AJQ) has completed stimulation activities at the Warroon 1 well at its Kincora Gas Project in Queensland
  • This work forms part of an estimated $4.7 million program that has so far included stimulation activities at three wells
  • The wells will produce and flow gas into Armour’s Surat Basin Gas Gathering System to the Kincora Gas Processing Plant to generate gas sales
  • Flowback and clean-up operations will now begin to target all three wells, starting with Warroon 1
  • Armour will release initial production results once they’re received from next week
  • Armour’s shares are trading 8.16 percent in the green for 5.3 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Revolut Strengthens Operations by Achieving Full UK Banking Licence

The fintech firm can now offer a wider range of banking services.Highlights: Revolut receives full banking licence from...

Mastercard Strengthens Crypto Partner Programme with Big Name Signings

New partnerships aim to expand Mastercard's influence in the cryptocurrency sector.Highlights: Mastercard signs major crypto firms to its...

Ripple Strengthens Market Position with BC Payments Acquisition

Acquisition enhances Ripple's offerings in Australia and provides AFSL licence.Highlights: Ripple acquires BC Payments to enhance its Australian...

Eurosystem Strengthens Roadmap for Tokenised Wholesale Financial Markets

New strategic initiatives aim to enhance security and efficiency.Highlights: Eurosystem introduces a roadmap for tokenised wholesale financial markets.The...