Armour Energy told shareholders on Wednesday it would raise between $60 million and $65 million through a capital raise and initial public offering to ensure McArthur Oil & Gas was well
AUSTRALIAN onshore oil and gas producer Armour Energy will undergo a major demerger, spinning off its northern Australia assets as a new ASX listed business called McArthur Oil & Gas.
Armour Energy told shareholders on Wednesday it would raise between $60 million and $65 million through a capital raise and initial public offering to ensure McArthur Oil & Gas was well