Oct 15 (Reuters) - Armour Energy Ltd AJQ.AX :
* Recommendation of revised westside bid AJQ.AX
* Directors unanimously recommend increased westside cash takeover offer of $0.20 per share and dividend in specie of lakes oil shares
* Says westside has agreed to formally increase its cash offer price to $0.20 per share
* Revised offer values armour's issued share capital at approximately A$60.9 million excluding the lakes oil dividend in specie
* Says recommend that Armour shareholders accept the revised westside offer, in the absence of a superior proposal
* Source text for Eikon ID:nASX3hD57k