Armour to spin off northern Australian assets

Junior reveals plan to launch separately listed entity to take control of its assets in the McArthur and South Nicholson basins

New ASX-listed entity: Armour plans to spin off its Northern Basin business into a new entity called McArthur Oil & Gas — New ASX-listed entity: Armour plans to spin off its Northern Basin business into a new entity called McArthur Oil & GasPhoto: REUTERS/SCANPIX

Josh Lewis

Perth

Australia Armour Energy Northern Territory Brad Lingo McArthur basin

Published 3 March 2021, 04:47Updated 3 March 2021, 04:47