Share Name Share Symbol Market Type Share ISIN Share Description
ARGOS RESOURCES LIMITED NEX:ARG.GB NEX Ordinary Share FK0114538241
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.24p -9.80% 2.21p 2.20p 2.70p 2.45p 2.21p 2.45p 3,985 08:01:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Argos Resources Ltd Completion of PL001 Licence Reassignment

21/02/2019 10:16am

UK Regulatory (RNS & others)


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RNS Number : 7395Q

Argos Resources Ltd

21 February 2019

21 February 2019

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

COMPLETION OF PL001 LICENCE REASSIGNMENT

Argos Resources Limited (AIM: ARG.L), (the "Company", "Argos"), the Falkland Island based exploration company, announces the completion of the reassignment to the Company of 100% Working Interest in Licence PL001 in the North Falkland Basin following the earlier notice to withdraw from the Licence by its former partners Noble Energy Falklands Limited ("Noble") and Edison International S.p.A ("Edison").

Ian Thomson, Chairman of Argos, commented:

"The Company remains very positive about the potential of Licence PL001. We have sufficient cash reserves to meet our ongoing requirements. Now that the reassignment of the Licence has been completed the Company will work to secure other partners to participate in its development".

For further information:

Argos Resources Limited (+500 22685)

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities PLC

Neil McDonald (+44 131 220 6939)

Derrick Lee (+44 131 220 9100)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 21, 2019 05:16 ET (10:16 GMT)

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