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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Argos Resources Ltd (CE) | USOTC:AORGF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.02 | 0.00 | 01:00:00 |
From Aug 2019 to Aug 2024
LONDON--Argos Resources Ltd. (ARG.LN) the Falkland Islands based exploration company focused on the North Falkland Basin, confirm Monday that its subsidiary, Argos Exploration Ltd. (AEL), has entered into a farmout agreement with Noble Energy Falklands Ltd. and Edison International S.p.A.
Argos said the agreement will allow exploration drilling on its License PL001, covering an area of 1,126 square kilometers in the North Falkland Basin, to proceed as part of the current 2015 drilling program.
As part of the deal, Noble will assume operatorship of License PL001 from Argos and Noble and Edison will earn a 75% and 25% working interest in the License respectively.
Argos said completion of the transaction is subject to shareholder, government, regulatory and partner approvals.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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