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Argos Resources completes farm-out of Licence PL001


Published Sep 22, 2015
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Argos Resources Ltd-2

Argos Resources Limited is pleased to confirm the completion by its wholly-owned subsidiary, Argos Exploration Limited, of a farmout agreement with Noble Energy Falklands Limited and Edison International S.p.A in respect of its Licence PL001.

The Company announced the farmout on 13 April 2015, noting that completion was subject to shareholder, government, regulatory and partner approvals. All required approvals have since been received allowing the transaction to complete.

The Agreement will allow exploration drilling on the Licence, which covers an area of approximately 1,126 square kilometres in the North Falkland Basin, to proceed as part of the current 2015 drilling programme.

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