Dec 2 (Reuters) - Armour Energy Ltd AJQ.AX :
* Update on firb approval under the farmout agreement with AEP
* AEP will also subscribe further $3.75 million for Armour shares at 20 cents per share on the closing of the farm in agreements
* The proposal relates to aep's investment of up to USD130M over a five year period in return for the 75% interest in the project
* American energy partners received firb approval for aep's proposal to acquire a 75% interest in armour's oil and gas project
* Source text for Eikon ID:nASX2rjx8J