News: AJQ Armour Energy Announces Receipt Of Non-Binding Proposal To Acquire Armour, page-5

Something else for shareholders to think about...

I always thought and commented about what I thought was the early
consolidation of share capital. The obvious question now has to be
was the share consolidation a pre condition of the E.O.I approach..??
Just a theory....

Clearly, a much tighter/cleaner share capital regime is a lot more appealing
in the junior exploration sector as part of any buyout of a company with such an
extensive resource portfolio but with some messy troubles in sorting itself out..

Time will tell....

Cheers