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MARKETS

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.

Helen Clark
Metgasco-Cooper-Basin-generic.jpg

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 fell...

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