Investor Presentaiton
Armour Energy and controlled entities
armourenergy.com.au
Review of operations and activities continued
for the year ended 30 June 2020
FINANCIAL REVIEW CONTINUED
FINANCIAL PERFORMANCE CONTINUED
Equity
Total equity decreased by $2.7 million from $44.8 million to $42.1 million, and includes:
Current year loss after income tax of $9.6 million.
The fair value adjustment down, net of tax, through comprehensive income of $1.0 million in respect to the revaluation of the
Lakes Oil NL holdings.
Net shares issued of $7.9 million during the financial year.
Cashflow
Armour reported net cash outflow from operating activities of $2.7 million (2019: $0.9 million) for the year ended 30 June 2020.
Contributing to this was lower revenues received this year from the several uncontrollable factors and a drop in production.
Cashflows from investing activities primarily represents payments for Armour's development wells including MC5A, MCN1 and
HS4, offset but the $15 million received from Santos for ATP1087. Cashflows from financing activities relate to the receipt of funding
under equity raisings, offset the repayment of the Company's FIIG Corporate Bond amortisations and Tribeca Facility repayments.
Directors' report
for the year ended 30 June 2020
The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the
'Group') consisting of Armour Energy Limited (referred to hereafter as the 'Company' or 'parent entity') and the entities it controlled
at the end of, or during, the year ended 30 June 2020.
DIRECTORS
The following persons were Directors of Armour Energy Limited during the whole of the financial year and up to the date of this
report, unless otherwise stated.
Nicholas Mather
Stephen Bizzell
Roland Sleeman
Eytan Uliel
Executive Chairman
Non-Executive Director
Independent Non-Executive Director
Independent Non-Executive Director
INFORMATION ON DIRECTORS
The details of the Directors in office during the year and at the date of this report (unless otherwise stated) are set out in this
section.
For personal cri
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Name
Title
Qualifications
Experience and expertise
Other current directorships
Nicholas Mather (appointed 18 December 2009)
Executive Chairman
BSc (Hons, Geol), MAusIMM
Mr Mather's special area of expertise if the generation of and entry into undervalued or unrecognised
resources exploration opportunities. He has been involved in the junior resource sector at all levels for
more than 25 years. In that time, he has been instrumental in the delivery of major resource projects that
have delivered significant gains to shareholders. As an investor, securing projects and financiers, leading
campaigns, and managing emerging resource companies, Mr Mather brings a wealth of valuable experience.
DGR Global Limited
NewPeak Metals Limited (formerly Dark Horse Resources Limited)
Aus Tin Mining Limited
Lakes Oil NL
SolGold plc, which is listed on the London Stock Exchange (LSE) and Toronto Exchange (TSX)
IronRidge Resources Limited, which is listed on the London Alternative Investment Market (AIM)
Executive Chairman, Member of the Remuneration Committee
Former directorships
(last 3 years)
Special responsibilities
Interests in shares
Interests in options
None
6,169,912
1,260,971
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