MARKETS

Armour cash up but production goals out of reach

ARMOUR Energy has seen a strong June quarter with average production from its Kincora gas project delivering consistent sales, though previous estimates that the company would reach its target of 20 terajoules of gas per day have now been revised.

Armour cash up but production goals out of reach

In its quarterly of this morning Armour said it had achieved a total average production rate of 9.1TJ/d. Gas sales matched production rates at 9.1 TJ/day but were down on the previous quarter of...

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