EXPLORATION

Armour announces major move to start new company

AUSTRALIAN onshore oil and gas producer Armour Energy will undergo a major demerger, spinning off its northern Australia assets as a new ASX listed business called McArthur Oil & Gas.

paul hunt

Armour announces major move to start new company

Armour Energy told shareholders on Wednesday it would raise between $60 million and $65 million through a capital raise and initial public offering to ensure McArthur Oil & Gas was well funded. ...

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