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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Armour, American Energy Accelerate Australian JV Deal

American Energy Partners Armour Energy Ltd.
AnnouncedSep 11, 2015
TypeJV
LocationAustralia Oil & Gas
Announced Date
September 11,2015
Transaction Type
JV
Enterprise Value (EV)($MM)
130




Snapshot
Asset/Basin:
{"McArthur Basin"}
Location
Region
Austral-Asia

Country
Australia

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Transaction Details:  Require Private Equity Subscription

The Directors of Armour Energy Limited reported that definitive binding agreements have now been signed with an Australian affiliate of American Energy Partners, LP, for an expanded farm‐out that will accelerate the exploration and development of Armour’s McArthur Basin oil and gas tenements in the Northern Territory of Australia. 

The binding agreements provide US$130m in Phase One funding, and assist Armour to access up to US$130m of debt funding for Phase Two appraisal and development, and provides Armour post‐completion cash inflows of A$39.5m.  The Directors of Armour have made the…



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