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Armour Energy generates cash flow as Kincora Gas Plant production recommences

Armour Energy Ltd (ASX:AJQ) has recommenced the processing of raw gas from existing wells at its Kincora Gas Plant located in the Surat Basin.

Nigeria's Oranto Petroleum Signs Uganda Oil Exploration Deal

2017-10-10 rigzone
CAPE TOWN, Oct 10 (Reuters) - Nigeria's Oranto Petroleum has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert, the company said on Tuesday.

Armour Energy shares rise after first gas sales from Kincora Project

Armour Energy Ltd (ASX:AJQ) has commenced the commercial sales of gas from its Kincora Project located on the Roma shelf in the Bowen-Surat Basin, Queensland.

[Opinion] Your Weekly Update: 11 - 15 Sep

2017-09-27 oilvoice
Last week in World Oil: Prices Oil prices remain close to multi-month highs as the market assesses the impact of two recent major hurricanes, as well as indications that OPEC is considering extending the current supply freeze deal beyond March 2018. Brent is trading at about US$55/b, while WTI stands at about US$50/b. Upstream Uganda has signed the first exploration deal from its 2015 licensing round.

Uganda Signs Oil Exploration Deal With Australia's Armour Energy

2017-09-14 rigzone
KAMPALA, Sept 14 (Reuters) - Uganda signed an oil exploration deal with Australia's Armour Energy Limited on Thursday, the first under a protracted competitive licensing round launched in 2015.

Myer boss cops $150,000 pay cut

THE Australian market looks set to open slightly higher, despite negative sentiment prevailing virtually across the board of major international bourses. At 0700 AEST on Friday, the share price futures index was up seven points, or 0.12 per cent, at 5,742.

Uganda To Finalize Oil Exploration Deal With Nigerian Firm

2017-06-14 rigzone
KAMPALA, June 14 (Reuters) - Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said on Wednesday.

Uganda Selects Firms for Refinery Talks

2017-05-18 rigzone
KAMPALA, May 17 (Reuters) - Uganda's energy ministry said on Wednesday it would award three exploration licences next month and also said it had selected two firms with whom it would start negotiations for a possible agreement to develop a planned crude refinery. Last August Uganda selected Nigerian firms WalterSmithPetroman Oil Limited, Oranto Petroleum International, Niger Delta Petroleum Resources and Australia's Armour Energy Limited as winners for its latest licensing round.

Armour Energy wins contract to supply gas from Kincora Project

Australia Pacific LNG is a strong counterparty gas buyer, being a joint venture between three leading oil and gas companies (Origin Energy, ConocoPhillips, and Sinopec). The first gas production and commencement of gas sales from the Kincora Project, situated on the Roma Shelf in Queensland, is targeted to be achieved by June 2017. Armour’s Phase 1 at Kincora will be the restart of gas production, commissioning and then increasing production rate to 9 terajoules per day.

Armour Energy Agrees Investment Terms

2016-11-21 rigzone
Armour Energy Limited has agreed terms with M.H. Carnegie & Co Pty Ltd for a staged investment of up to $17.5 million worth of convertible notes, which will be used to fund the re‐start of gas production from Armour’s Kincora oil and gas Project on the Roma Shelf in Queensland.

Armour Energy Ltd raising funds to restart gas production

This is part of a $40 million capital raising program that will also include an entitlement offer of ordinary shares to existing Armour shareholders. The company will use the funds to restart gas production from its Kincora oil and gas project on the Roma Shelf in Queensland and to refinance existing debt, creditors and working capital. Armour’s largest shareholder DGR Global Ltd is strongly supporting the capital raising initiatives with commitments to subscribe for up to $10.

Armour Energy Ltd appoint Roger Cressey to interim CEO after first oil shipment

Armour Energy Ltd (ASX:AJQ) have appointed chief operating officer Roger Cressey to act as chief executive officer for the company on an interim basis.

Armour Energy Ltd appoint Roger Cressey to interim CEO after first oil shipment

Armour Energy Ltd (ASX:AJQ) have appointed chief operating officer Roger Cressey to act as chief executive officer for the company on an interim basis.

Armour Energy Ltd completes first shipment of oil from Emu Apple

Armour Energy Ltd (ASX:AJQ) has shipped the first load of crude oil produced from the Emu Apple oil field near Roma in southwest Queensland.

Armour Completes Transfer of Tenements for Kincora Project in Surat Basin

2016-09-02 rigzone
Armour Energy Ltd. reported Friday that the transfer of  tenements (exploration license ATP647) of its Kincora Project -- which the firm had acquired from Origin Energy Ltd. in September 2015 -- in the Surat Basin, Queensland, Australia has now been completed.