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APA GROUP — Capital/Financing Update 2013
Jun 25, 2013
64398_rns_2013-06-25_6fc3d5f5-5420-4696-b8f9-c43e102ead34.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
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26 June 2013
APA Group (ASX: APA)
(also for release to APT Pipelines Limited (ASX: AQH))
Heads of Agreement with Armour Energy
APA Group (ASX: APA) is pleased to announce it has entered into a non-binding Heads of Agreement with Armour Energy (ASX: AJQ) to work together to facilitate the transportation of gas from Armour’s north Australian gas projects to eastern Australia and Northern Territory gas markets.
APA has agreed to work with Armour Energy to explore the development of new pipeline infrastructure. Any investment will be subject to the satisfaction of a number of conditions, including gas resource certification, gas supply and transportation agreements and final board approvals.
APA owns and operates a 7,000 km natural gas pipeline network in eastern Australia delivering gas to all major cities and towns. Armour Energy’s development is located 350 km north of Mount Isa.
Mr Mick McCormack, Managing Director of APA said “We are pleased to be working with Armour Energy in their gas development. Our pipeline network positions us to work with potential new producers, such as Armour Energy, to facilitate timely entry of gas into the domestic and international markets.”
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Mark Knapman Company Secretary Australian Pipeline Limited
For further information please contact:
Investor enquiries: Media enquiries: Chris Kotsaris David Symons Telephone: (02) 9693 0049 Telephone: (02) 9212 4666 Mob: 0402 060 508 Mob: 0410 559 184 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA is Australia’s largest natural gas infrastructure business, owning and/or operating $12 billion of energy assets. Its gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation’s gas usage. APA has direct management and operational control over its assets and the majority of its investments. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline, Energy Infrastructure Investments and GDI.
APT Pipelines Limited is a fully owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.
For more information visit APA’s website, www.apa.com.au
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