Australia: Armour Energy signs LOI for US$100m Northern Territory farmout to American Energy Partners

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

Armour Energy has executed a non-binding Letter of Intent ('LOI') with American Energy Partners (AEP) whereby AEP and Armour will jointly further the exploration and development of Armour’s extensive oil and gas prone McArthur Basin Project in the Northern Territory of Australia.