Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 9-Nov-15
Australian-listed Armour Energy will undertake a shale exploration program in the Northern Territory’s McArthur Basin in partnership with American Energy Partners (AEP). Armour shareholders approved the farm-in agreement in late October 2015, while AEP plans to acquire a 13.62 per cent stake in Armour at $A0.25 per share. Armour recently spurned a $A61m takeover offer from WestSide, a subsidiary of China-based Landbridge.
CORPORATES
ARMOUR ENERGY LIMITED – ASX AJQ, AMERICAN ENERGY PARTNERS, WESTSIDE CORPORATION LIMITED, LANDBRIDGE GROUP COMPANY LIMITED, DGR GLOBAL LIMITED – ASX DGR