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AJQ – Armour Energy Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Armour Energy Limited is an Australia-based company that is focused on oil and gas exploration, development and production of gas and associated liquids resources. The Company’s project area comprises of Surat Basin, Northern Basins, Copper Basin and Southern Basins. The Surat Basin comprises of Kincora Gas Project, which includes recovery, processing, sale, storage, handling and loadout facilities for gas, oil, condensate and LPG. The Northern Basins comprise of McArthur Basin and Isa Superbasin. Its McArthur Basin holds approximately 12 permits, covering an area of approximately 89,000 square kilometers. The Superbasin holds approximately six permits in North Queensland and the Northern Territory covering an area of approximately 40,800 square kilometers. The Copper Basin consists of Northern Flank Oil and Wet Gas Fairway and SW Western Flank Oil and Wet Gas Fairway Extension. The Southern Basins hold interest in Otway and Gippsland Basin.

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