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Australia: Armour Energy completes sale of additional South Nicholson Basin permit interests to Santos

Australia: Armour Energy completes sale of additional South Nicholson Basin permit interests to Santos
05 Feb 2021
HIGHLIGHTS:
Completion of the sale and purchase agreement between Armour and Santos QNT Pty Ltd (Santos) to sell Armour’s remaining interest in several South Nicholson Basin Permits to Santos.
Armour has received approximately $12.16 million in cash payments plus re-acquired 100% ownership of ATP(A) 1107.
Armour retains a material exposure to the South Nicholson Basin play of approximately 7,906 km2.
South Nicholson Basin Permits to
Santos.
As previously disclosed, Santos has acquired 100% ownership of:
ATP 1087 (of which Santos previously held a 70% interest and was operator); the application permit areas in Queensland ....

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Australia: Armour Energy sells additional South Nicholson Basin permit interests to Santos

Armour Energy has announced the execution of a sale and purchase agreement (SPA) for a further sale of the Company’s remaining 30% interest in a portion of the South Nicholson Basin Exploration Project to Santos. ....

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