On 5 July 2018 Armour Energy Ltd was awarded two new exploration permits in the Taroom Trough, Bowen-Surat Basin: ATP 2028-P and ATP 2029-P. Armour holds 100% interest and operates ATP 2029-P, which covers an area of 152 sq km. In ATP 2028-P, which covers an area of 636 sq km, Armour holds 50% interest and operatorship with partner Ausam Resources Pty Ltd, which also hold 50% interest. Both licences were previously under contract by ATP 754-P.  The new permits are valid for just 12 months and are set to expire on 31 July 2019.  ATP 754-P was awarded on 4 August 2003 to Ausam Resources and covered 5,780 sq km at that time. After five area reductions ATP 754-P covered 788 sq km and Ausam relinquished the permit in July 2018, 12 months prior to its expiry date. Armour entered the permit in 2015 after Origin Energy exited as Bounty waived its pre-emptive rights on the sale of Originâs interest but took over as operator. Armour as join venture partner in the old permit, will move forward with operatorship in the new permits, which are located close to infrastructure and the Kincora Gas Project.  Armour has been awarded two new exploration licences over previously tenanted acreage in the Bowen-Surat Basin. ATP 2028-P and ATP 2029-P cover a combined area of 788 sq km.
On 5 July 2018 Armour Energy Ltd was awarded two new exploration permits in the Taroom Trough, Bowen-Surat Basin: ATP 2028-P and ATP 2029-P. Armour holds 100% interest and operates ATP 2029-P, which covers an area of 152 sq km. In ATP 2028-P, which covers an area of 636 sq km, Armour holds 50% interest and operatorship with partner Ausam Resources Pty Ltd, which also hold 50% interest. Both licences were previously under contract by ATP 754-P. 