Armour Energy Limited has announced that its initial shipment of crude oil from the Emu Apple oil field has been dispatched.
“Armour’s first load of crude old has been collected by crude oil tanker (approx. 53,000 litres or 333bbls) at Armour’s Emu Apple oil field near Roma in South West Queensland. Armour started oil production on 17 August, and the field is currently producing at a steady rate of 42 barrels per day,” Armour told the ASX.
The company, which is focusing on the exploration of the McArthur, South Nicholson and Georgina Basins in the Northern Territory and Queensland, and in the onshore Gippsland basin in Victoria, said operating cost per barrel of oil, including transportation cost to the refinery, was $21.50 per barrel.
“Armour is pleased to have achieved its first production and sales milestone, and looks forward to restating gas production through its Kincora gas facility in the coming months,” reads the company’s official statement.