LONDON: Oilex Limited has entered into a conditional binding Share Purchase Agreement (SPA) with Armour Energy Limited for the proposed sale of all of its interests in the Cooper-Eromanga Basin. Pursuant to the SPA, Armour will acquire 100% of the issued capital of CoEra Limited (CoEra), a wholly owned Company subsidiary which holds all of…
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Oilex Limited to sell Cooper Eromanga Basin assets to Armour Energy
PERTH: Oilex Limited has signed a conditional binding Heads of Agreement (HOA) with Armour Energy Limited for the proposed sale of all of its interests in the Cooper-Eromanga Basin to Armour. Subject to the terms of the HOA, it is intended that Armour will acquire 100% of the issued capital of CoEra Limited (CoEra), a…