Armour's expensive Kincora 

AFTER talking up its new Kincora gas project in Queensland, Armour Energy made good on its promises and completed its first gas sales in the last quarter but maintenance costs exceed the initial estimate by close to 50%. 

Armour's expensive Kincora  Armour's expensive Kincora  Armour's expensive Kincora  Armour's expensive Kincora  Armour's expensive Kincora 

Armour's Kincora plans are moving despite unexpected cost blowout.

The final cost of the Kincora restart and associated infrastructure that includes the Wallumbilla pipeline facility will be $10 million, far higher than the initial $6.9 million estimate.