Armour to take Oilex's Cooper leases and Lingo in all-scrip deal

  AFTER losing Roger Cressey as long-time CEO, then appointing Richard Fenton as interim CEO, before replacing him with Bruce Clement, only to make him redundant some weeks later in a cost-cutting measure, Armour Energy will now welcome Brad Lingo to take the reins, as it expands into the Cooper-Eromanga Basin.

Armour to take Oilex's Cooper leases and Lingo in all-scrip deal Armour to take Oilex's Cooper leases and Lingo in all-scrip deal Armour to take Oilex's Cooper leases and Lingo in all-scrip deal Armour to take Oilex's Cooper leases and Lingo in all-scrip deal Armour to take Oilex's Cooper leases and Lingo in all-scrip deal

Metgasco-Cooper-Basin-generic.jpg

Lingo joins as part of a reconstituted deal with Oilex, which is unloading its Copper Basin assets after it tried and failed to sell them to ASX-listed minnow Doriemus after the latter's financing
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.