AUSTRALIA

Armour taken to court

AMERICAN Energy Partners' new life with takeover target Armour Energy has not started well, with Aubrey McClendon's outfit taking the junior to Queensland's Supreme Court over a disputed farm-out agreement for its highly prospective Northern Territory tenements.

Anthony Barich

Armour's off-market takeover offer by AEP's subsidiary AEGP Australia, whereby it would acquire 13.62% of the junior's shares at 25cps, closed on January 12. Armour will receive about $21 million in...

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