Santos is officially the 100 per cent owner of the South Nicholson Basin exploration project onshore the Northern Territory and Queensland after it completed a deal with Armour Energy.
Armour announced at the start of January it had executed the sale of its remaining 30 per cent interest in ATP 1087, the application permit areas in Queensland ATP 1192 and 1193, and the Northern Territory tenements EP (A) 172 and 177.
With the completion of the sale and purchase agreement, Armour has received $12.16 million and will re-acquire full ownership and operatorship of ATP (A)1107, which covers 906km2 of the South Nicholson Basin exploration project.
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