Aug 20 (Reuters) - Armour Energy Ltd AJQ.AX :
* Letter of intent for $100M northern territory farmout to AEP AJQ.AX
* Says "AEP to provide access to US$100M debt funding for armour's share of phase two appraisal and development costs"
* Armour to be free carried 100% during phase one and receive an upfront cash payment of us$11million
* Says under the loi, the parties will work towards execution of definitive agreements within 3 months
* Says AEP will farmin to certain granted and pending tenements in the nt owned by Armour
* Source text for Eikon ID:nASXbsWw0Q