Friday 13 November 2020

Highlights:

Multi-stage stimulation activities on Horseshoe #2 successfully completed.

Horseshoe #2 proceeding to flowback, clean-up and re-connection to the gas gathering network.

Stimulation equipment relocated to Warroon #1 to commence single-stage stimulation.

The Board of Armour Energy (“Armour” or the “Company”) is pleased to provide an update on the Surat 2020 Work Program which is being conducted on its 100% owned and operated Kincora Gas

Project.

Multi-stage stimulation activities on Horseshoe #2 successfully completed

Armour has successfully completed the multi-stage stimulation activities on the Horseshoe #2 well.

The Horseshoe-2 programme involved a two-stage stimulation programme targeting two independent production intervals in the intra Wallabella sandstone and the basal Rewan sandstones.

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