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Americans swallow up Greater McArthur Basin

CHESAPEAKE Energy founder Aubrey McClendon's American Energy Partners has signed a non-binding letter of intent for $US100 million ($A135 million) for a 75% working interest of Armour Energy's permits, just days after neighbours Pangaea Resources and Empire Energy Group entered similar deals with experienced American explorers.

Haydn Black
Americans swallow up Greater McArthur Basin

Armour says its deal with McClendon - who it is understood was close to closing a deal with Pangaea before his associates at Texas-based private equity concern Energy & Minerals Group sealed the farm-in...

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