The closure of the farm-out agreement with Australian company Armour Energy was subject to AEP being assigned interest in native title agreements.
Armour revealed the Aubrey McClendon-led US company failed to accept a form of deeds it had provided by midnight on 9 January, which it said resulted in the condition precedent to assign AEP the interest in the native title agreement being “incapable of satisfaction” by the time required.
“As
