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Armour Turns on Taps at Kincora Asset in Queensland
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Armour Energy Limited reported that oil production from the Emu Apple oil field has now commenced. Restart work at Emu Apple, which forms part of the Company’s recently acquired Kincora assets in the Roma shelf in Queensland, was completed safely and well below budget.
Emu Apple‐1 well is currently producing at a rate of approximately 50 bpd.
The Emu Apple Field covers an area of 1.3 km2. As first reported by the Company in its 7 October 2015 Target’s Statement, based on an independent report received by Risc Operations Pty Ltd on 30 September 2015, the Emu Apple‐1 well is estimated to contain approximately 100,000 bbl of remaining recoverable oil in a 4 way dip closed structure in the Jurassic aged Boxvale Sandstone at a depth of 1400 metres.
Armour’s Kincora Project covers 6 historic…
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