Armour Energy has been selected as the preferred tenderer for tender area PLR2016 / 2017‐1‐2 on the Roma Shelf in the Surat Basin, Australia.

The bid was won under the recent Queensland Government petroleum acreage release tender process.

The tender area awarded to the company covers 365km² and is contiguous with its PL71 and the Ungabilla block on ATP754.

Amour Energy CEO Roger Cressey said: “The block adds to our Kincora Gas Project assets and is a natural extension to our petroleum lease PL71 where we are about to restart production. Being appointed as preferred tenderer on this block is another step by the company toward becoming a significant oil and gas producer in the Roma region.

“We recently restarted production from our Kincora Gas Project and we are confident that this new acreage will provide further resources for long-term gas production.

“The block adds to our Kincora Gas Project assets and is a natural extension to our petroleum lease PL71 where we are about to restart production.”

“We are confident that this block will provide resources that will benefit the company and gas supplies to the region for the longer term. This is another step forward for Armour in achieving our aim to become the pre-eminent resource owner and producer in the Roma Region.”

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The company noted that the proximity of the tender area to its PL71 and associated infrastructure allows resources identified on it to be readily connected to both the Kincora Gas Plant and market.

Armour is currently selling five terajoules a day (TJ/d) of gas produced from the Newstead gas storage facility under a sales agreement with Australia Pacific LNG.

Through the Phase 2 of the Kincora Gas restart project and additional work, the company plans to ramp up gas production to 20TJ/d over the next 12 to 18 months.