Oct 30 (Reuters) - Armour Energy Ltd AJQ.AX :
* American energy transactions to proceed
* Under the AEP northern territory farmout, Armour will receive maximum cash proceeds of A$39.5 million
* Says Armour directors unanimously recommend that shareholders accept the proportional bid from American energy
* Says believes proportional bid, when combined with AEP northern territory farm out is superior to westside's revised offer
* Source text for Eikon ID:nASX4thH9V