MARKETS

NT approves Amour EP transfer to McArthur

THE Northern Territory government has approved the transfer of Armour Energy’s exploration permits to McArthur Oil & Gas as the demerger progresses before the latter’s coming initial public offering.

Mark Tilly

Progresses demerger

Amour told the market Thursday the Department of Investment, Tourism and Trade (DTT) approved the transfer, with McArthur NT to be the operating entity for the Northern Basin assets. McArthur will now...

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