Latest Breaking News On - வாயு வணிக - Page 21 : comparemela.com

Australia: Armour Energy announces proposed demerger of Northern Basin Oil & Gas Business 03 Mar 2021 HIGHLIGHTS: Unlocking unrecognized value for shareholders through proposed demerger and separate ASX listing of Armour’s Northern Basin Oil & Gas Business. McArthur Oil & Gas Ltd – a new company – is proposed to be created to hold the Northern Basin Oil & Gas Business and demerg ed from Armour through an in-specie share distribution to existing shareholders. IPO and capital raise of $60-$65 million for McArthur Oil & Gas proposed to fund acquisition of Northern Basin Oil & Gas assets from Armour and to fund forward exploration. Proposed total consideration of $40 million cash plus a minimum of 33.3% retained interest by Armour shareholders in McArthur Oil & Gas. The consideration received by Armour will be used to retire its outstanding debt.

Tawallah group sandstonesNorthern basin oil gas businessArmour northern basin oil gas businessMcarthur oil gasNorthern basin oil gasArmour energyMcarthur oil gas ltdNorthern basin oilArthur oilGas ltdGas businessMcarthur oilMcarthur basinSouth nicholson basinArthur basinProspective resources