ADZ Energy Pty Ltd signed a deed of company arrangement to acquire Armour Energy (Surat Basin) Pty Ltd, Armour Energy (Victoria) Pty Ltd, CoEra Limited, Holloman Petroleum Pty Ltd and Cordillo Energy Pty Ltd from Armour Energy Limited (ASX:AJQ) on January 19, 2024. The transaction also includes the transition of Amour Energy?s employees to Armour Energy (Surat Basin) Pty Ltd and the creation of a creditors? trust for the purposes of providing a return.

ADZ Energy Pty Ltd completed the acquisition of Armour Energy (Surat Basin) Pty Ltd, Armour Energy (Victoria) Pty Ltd, CoEra Limited, Holloman Petroleum Pty Ltd and Cordillo Energy Pty Ltd from Armour Energy Limited (ASX:AJQ) on January 22, 2024.