Armour and Oilex execute Cooper agreement

ARMOUR Energy and Oilex have executed their share sale agreement after two delays, which will see the latter take a 5% position in the former in return for swathe of exploration and retention leases in the Cooper Basin.

Armour and Oilex execute Cooper agreement Armour and Oilex execute Cooper agreement Armour and Oilex execute Cooper agreement Armour and Oilex execute Cooper agreement Armour and Oilex execute Cooper agreement
Armour will take Oilex's relatively new subsidiary CoEra, which holds the leases in "oil-rich Western and Northern Flanks of the Cooper Basin," Armour said.
 
Oilex will take between 24.