Tag: Argos Resources

Monday, August 28th 2023 - 10:14 UTC
Falklands Argos Resources negotiating its North Falkland Basin production license with Canadian company

Falkland Islands oil and gas exploration Argos Resources Ltd has announced changes in its board of directors, until a general meeting of shareholders is announced, and the executive directors finalize the sale of its PL001 production license interests in the North Falkland Basin to JHI Associates. The Argos sold asset is expected to be a shareholding in JHI.
Friday, May 5th 2023 - 23:02 UTC
Canadian company JHI to explore for oil and gas in Falklands' waters

Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkland Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction, Argos plans to seek to delist from AIM and wind up the company.
Tuesday, April 12th 2022 - 10:09 UTC
Falklands oil company shares skyrocket following extension of license

Argos Resources shares surged 23% to 2.4p on news that the Falkland Islands government extended its second term PL001 license. The Falklands Islands-based explorer will not need to commit to any additional work to be granted the license between 1 May 2022 and the year-end.
Thursday, April 29th 2021 - 16:56 UTC
Argos granted extension to Falklands production licence

Argos Resources has successfully secured a 12-month extension to the second term of its Production Licence in the North Falkland Basin, the company announced this week. The extension, which runs until 1 May 2022, was approved by the Falkland Islands Government’s Executive Council on March 24.
Saturday, September 19th 2020 - 09:50 UTC
Argos Resources plans to request extension of North Falkland Basin license

Falkland Islands' based Argos Resources Ltd said on Friday its interim loss widened on foreign exchange movements, but it has enough cash to continue for another year as some costs have been delayed.
Tuesday, November 5th 2019 - 09:45 UTC
Falklands extends duration of Rockhopper and Argos Resources oil exploration licenses

Rockhopper Exploration PLC said on Monday that the Falkland Islands government has extended the duration of the PL032 Discovery Area License until May 1, 2021, with no additional license commitments.
Tuesday, September 24th 2019 - 09:40 UTC
Argos Resources looking new partners to participate in Falklands oil industry

Argos Resources Ltd on Monday swung to an interim loss and said it is adequately financed for the next 12 months as it continues to receive quarterly cash payments from two companies that withdrew from a production license offshore the Falkland Islands.
Tuesday, February 16th 2016 - 07:37 UTC
Noble Energy cancels drilling in Falklands, following termination of rig contract

Falkland Islands based company, Argos Resources Ltd. said it has received notification from Noble Energy, the operator of license PL001 in which Argos holds a 5% overriding royalty interest, that it is exercising its rights to declare Force Majeure on the well.
Wednesday, September 23rd 2015 - 08:22 UTC
Falklands Argos completes farm-out agreement with Noble and Edison

Falklands focused Argos Resources Limited confirmed the completion by its wholly owned subsidiary, Argos Exploration Limited of a farm out agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.
Tuesday, April 14th 2015 - 11:49 UTC
Falklands oil explorers replace costly drilling in the south-east basin

Three oil explorers drilling in the Falkland Islands, including Houston based Noble Energy have shelved plans to drill a second well in the south and east Falklands following the steep drop in oil prices, one of the partners said on Monday. Partners, which also include London-listed Falkland Oil and Gas (FOGL) and Edison International, said they would continue drilling in other parts of the region.