AJQ armour energy limited
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News: AJQ Armour Energy Executes A Binding Term Sheet With Santos

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    15/10/19
    12:05
    Post #: 40885832

    Oct 15 (Reuters) - Armour Energy Ltd (AJQ) :

    • EXECUTED A BINDING TERM SHEET WITH SANTOS QNT LIMITED
    • ARMOUR TO RECEIVE AN UPFRONT CASH PAYMENT OF $A15MILLION
    • SANTOS AND ARMOUR TO JOINTLY EXPLORE AND DEVELOP SOUTH NICHOLSON BASIN IN NORTH QUEENSLAND AND NORTHERN TERRITORY
    • SANTOS TO CARRY CO'S SHARE OF EXPENDITURE FOR WORK PROGRAMS WITHIN FARM‐ IN TENEMENTS UP TO COMBINED TOTAL EXPENDITURE OF A$65MILLION
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