Armour Energy (ASX: AJQ) is focused on the discovery and development of world class gas and associated liquids resources in northern Australia.
Armour Energy has one of the largest shale gas acreage positions in Australia. The 100% ownership interests across permits in Northern Australia provide the Company with flexibility in terms of timing and approach to exploration and any subsequent development of delineated oil and gas reserves.
Strategic investment in Lakes Oil
To complement Armour Energy’s prospective areas in Northern Australia, the Company made a strategic investment in ASX-listed Lakes Oil, an oil and gas explorer focused on the Otway and Gippsland Basins in Victoria, and entered an agreement to earn a 51% interest in two tenements (PEP166 and PEP169) held by Lakes Oil and a third option to acquire 50% of Lakes Oil’s interest in a third tenement (PRL12).
Close to market, infrastructure and the coast
Armour Energy’s tenements are strategically located close to existing infrastructure – large scale regional market opportunities and existing pipelines with access to LNG infrastructure and the coastal position opens export market options.
Armour Energy’s Strong track record
The Board of Armour Energy includes three past Directors of Arrow Energy, and the same expansive approach to exploration and development that drove Arrow’s evolution is planned for Armour Energy. Armour Energy’s technical team includes a range of industry experts and seasoned professionals from North America and Australia, who have been selected to support the Board in the goal to build Armour Energy into a significant gas exploration and development company.
Armour Energy is implementing an active work program across Northern Territory, Queensland and Victoria to define gas and liquids resources.
Maintaining control of 100% of a provincial tenure position, a growing domestic and global demand for gas, new shale extractive technologies and experienced personnel provides Armour Energy with an extraordinary opportunity to define and ultimately develop a new liquids rich gas province in Australia.
Stock Exchange Listing: ASX: AJQ
Commodity: Shale Gas | Oil
Stage of Production: Explorer | Producer
- 100% ownership of large net acreage position – covers a province of 33 million acres
- 41.3 trillion cubic feet and 2.2 billion barrels Prospect Resource in northern Australia
- Close to infrastructure with commercialisation opportunities – over 400 petajoules per annum
- Gas demand for Queensland LNG plants to double in next three years
- Existing gas shows and flows, proven hydrocarbon system and strong liquids potential
- Proactive stakeholder engagement and low social impact
- Proven Board and management team
Armour Energy will be presenting their mining projects to prospective investors at the International Mining and Resources Conference, click here to claim your complimentary investor pass.