Australian Shares Sparty's Blog
Comments on this blog should never be taken as investment advice
Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.
Main Forum•Armour Energy stepping into the gas supply void
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Amour Energy Limited (Armour, ASX:AJQ) is pleased to announce that it has exercised its pre‐emptive rights with respect to Santos’ interests in the Armour‐operated tenements on Armour’s Roma Shelf, Surat Basin assets. Armour and Santos have entered into a Sale and Purchase Deed in respect of these pre‐emptive right interests. The Sale and Purchase Deed is subject to certain conditions precedent, which have not yet been satisfied.
On completion of the Sale and Purchase Deed, Armour’s holding in five (5) petroleum leases around the Kincora Gas Plant will increase to 100%, enabling Armour to more efficiently operate its assets across these leases. Armour will also increase its percentage holding on another four (4) leases.
Read full reportPrevious post showing AJQ's holdings
ASX listed holders of Australia's vast unexplored oil and gas basins
