Armour Energy Limited (AJQ.ASX) is a junior energy producer and explorer with assets across northern, southern and eastern Australia. The company has been listed on the ASX since April 2012. Armour is proposing a demerger and separate listing of its Northern basins oil and gas assets into a new company (McArthur Oil & Gas Ltd) through an in-specie distribution to existing shareholders to be separately listed through an IPO and capital raising in late-2021. The key aims are to “…unlock unrecognised value” whilst independently financing both AJQ and McArthur to pursue and accelerate the commercial opportunities inherent in their respective portfolios.
03 Mar 2021
Unlocking value
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Unlocking value
Armour Energy Limited (AJQ:ASX) | 0 0 -4.7% | Mkt Cap: 32.8m
- Published:
03 Mar 2021 -
Author:
Finola Burke | Andrew Williams -
Pages:
4
Armour Energy Limited (AJQ.ASX) is a junior energy producer and explorer with assets across northern, southern and eastern Australia. The company has been listed on the ASX since April 2012. Armour is proposing a demerger and separate listing of its Northern basins oil and gas assets into a new company (McArthur Oil & Gas Ltd) through an in-specie distribution to existing shareholders to be separately listed through an IPO and capital raising in late-2021. The key aims are to “…unlock unrecognised value” whilst independently financing both AJQ and McArthur to pursue and accelerate the commercial opportunities inherent in their respective portfolios.