The Directors of Armour Energy Limited has been successful in its tender for Queensland Petroleum Land Releases (PLR) 2014‐1‐ 2 and 2014‐1‐3, which are located to the southwest of the Company’s existing Queensland tenement position ATP 1087 and ATP(A)1107.

Armour Energy CEO Mr Robbert de Weijer said “being awarded preferred tenderer status for these new tenements is an exciting development for the Company as it increases the Company’s exposure to the South Nicholson Basin and in particular the highly prospective Lawn and Riversleigh Shale Formations. The two tenements increase Armour Energy’s acreage position by about 5,400 km2 (1.3 million acres)”.

Tags: Armour Energy Ltd