Armour Energy has received approval for amendments to facilitate the McArthur Oil & Gas demerger.
As part of the approved amendments, the company has been permitted to restructure, de-merge and IPO of McArthur and and dispose of the Northern Basin assets.
In order for the resolution to pass it required 75 per cent of eligible noteholders by value to vote in favour and the company received over 80 per cent voting in favour.
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.