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Montevideo, July 22nd 2024 - 15:01 UTC

Tag: JHI

  • Friday, May 5th 2023 - 23:02 UTC

    Canadian company JHI to explore for oil and gas in Falklands' waters

    In December, Argos Resources agreed for Canada-based JHI to acquire Argos' PL001 Production License interests for new shares in JHI, plus a cash payment. Photo: RAPHAEL WOLLMANN/ GETTY IMAGES

    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.