Armour Inks Deal With Halliburton for 2013 Drilling Program

Armour Energy has entered into a contract with Halliburton Energy Services for supply of hydraulic stimulation services for the planned 2013 exploration and appraisal program in the company’s wholly owned ATP 1087 tenement in North Queensland, Australia.

Company’s independent experts have previously assessed 22.5 trillion cubic feet of mean prospective gas resource in the Proterozoic aged Lawn Hill 4 Shale in ATP 1087. Additional gas prospectivity has also been identified by Armour in the underlying Riversleigh Shale that extends a gas exploration fairway of an additional 6000 km² to the west across ATP 1087 and south into ATP 1107, the company said.

During the 2013 drilling campaign Armour proposes to drill three vertical wells and one lateral well targeting the Lawn Hill Shale.

The primary target for Armour’s aggressive drilling program over the next three years in ATP 1087 is a 'Lawn Hill Target Area' to define up to 9 trillion cubic feet of gas resources and reserves from the Lawn Hill Shale Play in eastern area of ATP 1087, the company said. “This is a sufficient gas volume to supply a 6 million tonne per annum Liquefied Natural Gas (LNG) project for a period of 25 years.”