REG - Argos Resources Ltd - Completion of PL001 Licence Reassignment

Argos ResourcesAnnouncement

21/02/2019 10:20

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)
 




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