Armour Energy Ltd is looking to farm-down its 100% owned exploration licences across the McArthur, Georgina, and Carpentaria (Isa Super Basin) basins. Armour operates six licences under the jurisdiction of the Northern Territory: EP 171, 174, 176, 190-192, and one in Queensland: ATP 1087-P which are all available for farm-in. There are also 12 applications in place which were lodged between 2009 and 2014, covering nearly 80,000 sq km. Armour is the preferred tenderer for the Queensland applications and Native Title negotiations are ongoing.  Armour is seeking a partner to assist in additional seismic acquisition and drill a combination of exploration wells and appraisal/pilot wells to push the needle on 22 Tcf of prospective shale gas resources. A data room is available to review the shale gas plays and shallower, conventional plays which have been identified by Armour.  The main farm-out focus for Armour is ATP 1087-P which covers an area of 7,100 sq km. The permit was awarded in 2012 and is currently due to expire on 31 December 2018. Armour reports that a four year extension has been granted but, as of early-February 2018, the grant is yet to be registered with Queensland Resource Authority.  In 2015, work commitment changes were approved for the remainder of the term in response to the recognition of positive results achieved within the permit relating to production at the Egilabria field. Instead of drilling the proposed 22 exploration wells during 2015/16, Armour reduced the level of operational activity, yet retained commercial gas flow rates from Egilabria through trialing new gas extraction techniques and sweet spot delineation. Three exploration wells have been drilled thus far under the permit: Egilabria 2, Egilabria 2DW1 and Egilabria 4.  Armour Energy is continuing to assess potential partnerships with global petroleum E&P majors in relation to ATP 1087-P. Armour reports 364 Bcf of contingent resources (3C) to date and anticipates enough gas in place to supply a 6 MMtpa LNG plant for 25 years. It was reported by the company that the proof of concept in Egilabria opens up a potential for additional 18.7 Tcf of prospective resources from shale gas, primarily within the Lawn formation and across staked plays.  Both the Lawn and Riverleigh formations are considered proven source rocks, which lay under basal anticlinal plays. The source rock quality at Egilabria displayed TOC up to 11% with mature, dry gas. Armour would ideally revisit the wells to conduct an appraisal pilot to target 2-3 Bcf of recoverable gas.  Within the Northern Territory permits areas, Armour is focusing on shale gas plays and deeper oil plays. The McArthur Basin contains large unexplored areas with stacked play opportunities as identified by Armour from seismic interpretation in the McArthur Group (Barney Formation), and the deeper Tawallah Group (Wollogorang and McDermott formations). To further delineate these opportunities, Armour is looking for a partner to assist with a regional seismic programme before drilling deep stratigraphic wells.  To date, just six wells exploration wells have been drilled by Armour in over 53,000 sq km of licensed area. Gas flows up to 3.3 MMcf/d have been achieved from the McArthur Group. Prospective resources for the McArthur Group (Barney Creek Formation), within EP 171 and EP 176, has been reported by Armour to be around 1.2 MMbbl oil and 13 Tcf gas.  There are also conventional oil and gas plays, including 18 prospects along the Batten Trough, dominantly in the Coxco Dolomite. The Glyde and Lamont Pass discoveries encountered gas bearing intervals within the dolomites and dolomitic shales of the target Middle Proterozoic Barney Creek Formation prior to drilling in to the Coxco Dolomite Formation which formed the wet gas discovery made by nearby zinc exploration well Glyde River 9, drilled in 1979.  Armour Energy Ltd is offering participating equity in seven exploration licences as the company seeks to further test the shale gas/oil and conventional plays present.  Â   Â   Â   Â       .
Armour Energy Ltd is looking to farm-down its 100% owned exploration licences across the McArthur, Georgina, and Carpentaria (Isa Super Basin) basins. Armour operates six licences under the jurisdiction of the Northern Territory: EP 171, 174, 176, 190-192, and one in Queensland: ATP 1087-P which are all available for farm-in. 