Amour Energy completes acquisition of Kincora project from Origin

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Image credit: Amour Energy ASX release

Amour Energy Limited announced that settlement has now been completed on the last of the tenements (exploration licence ATP647) of its Kincora Project as acquired from Origin under agreements entered into in September 2015.

Image credit: Amour Energy ASX release
Image credit: Amour Energy ASX release

Amour said it is now on title for all 17 production licences, 3 exploration licences and 4 pipeline licences.

According to the company, the tenement area covers over 3000km2 of prospective acreage, and includes infrastructure connecting directly into the major gas hub on the east coast at Wallumbilla, Queensland.

“We are pleased that we have now completed the transfer of all tenements from Origin.  We look forward to start gas production later this year and to provide an additional gas supply into the east coast market as well as condensate and LPG,” said Armour’s CEO, Mr Robbert de Weijer.

“The existing connection at the Wallumbilla gas hub provides Armour access to a market that will be short of gas going forward, and so represents a great opportunity for us.”