Argos-die kleine Ölperle in den Falklands!

[Andrija]

Antwort auf Beitrag Nr.: 74.352.158 von honigbaer am 21.08.23 09:34:48

Das wird wohl leider ein Totalverlust.

Bin mal gespannt ob ich die JHI Associates Inc-Aktien eingebucht bekommen. Handelbar sind die soweit ich sehe ohnehin nicht.

[honigbaer]

Bekanntmachung vom 18.08.2023
https://www.londonstockexchange.com/news-article/ARG/update-…

"... The Disposal remains subject to the Falkland Islands Government ("FIG") providing its consent to the transfer of the Licence. FIG's consent to the transfer has not yet been received and is expected shortly, with completion of the LAA now anticipated by the end of September 2023. To facilitate this, Argos and JHI have signed an addendum to the LAA to extend the long stop date for completion to 30 September 2023."
...
"The Board now intends to seek shareholder approval for the Company to be wound up and a liquidator appointed ahead of the Cancellation, but conditional on the LAA completing. To facilitate this, the Company is preparing to publish a circular and notice of meeting to convene the general meeting, with these documents expected to be posted to shareholders on or around 31 August 2023. ..."

[honigbaer]

Antwort auf Beitrag Nr.: 73.778.745 von Andrija am 03.05.23 17:36:54

Handelseinstellung jetzt wahrscheinlich am oder nach dem 30. Juni.
http://otp.investis.com/clients/uk/argos_resources_ltd/rns/r…

[Andrija]

EXPECTED TIMETABLE OF EVENTS

Notice provided to the London Stock Exchange of the proposed Cancellation

3 May 2023

Publication and posting of the Circular

4 May 2023

Latest time and date for completion of receipt of Forms of Instruction

5 p.m. on 23 May 2023

Latest time and date for completion of receipt of Forms of Proxy

9 p.m. on 24 May 2023

General Meeting

5 p.m. on 26 May 2023 (Falkland Islands time)

Expected Completion of the Disposal

31 May 2023

Expected last day of dealings in Ordinary Shares on AIM

5 June 2023

Expected date of Cancellation (1)

7 a.m. on 6 June 2023

[Andrija]

Antwort auf Beitrag Nr.: 72.972.488 von honigbaer am 24.12.22 01:18:08

Game over

ARGOS RESOURCES LIMITED

("Argos", the "Group" or "the Company")
Proposed Sale of North Falkland Basin Interests to JHI Associates Inc
Proposed Cancellation of Admission to Trading on AIM

and

Notice of General Meeting

On 15th December 2022, Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, announced that the Company and JHI Associates Inc. ("JHI"), a private company incorporated in Ontario, Canada, had entered into an agreement pursuant to which it is proposed that JHI will acquire Argos' PL001 Production Licence interests in the North Falkland Basin (the "Disposal").

The Board is pleased to report that the Company has now entered into the Licence Acquisition Agreement (LAA) pursuant to which the Licence (and related assets) will be transferred from Argos Exploration Limited (AEL), the Company's 100% owned subsidiary in which the Licence is held, to the purchaser subject to, inter alia, the approval of the Company's shareholders. As consideration for the Licence, the Company is to be issued with 8,467,820 JHI Common Shares credited as fully paid and £303,500 in cash (of which a non-refundable payment of £151,750 has already been made).

As the Licence is the Company's principal asset, upon completion of the Disposal the Company will be regarded as an AIM Rule 15 cash shell, having ceased to own, control or conduct all or substantially all, of its existing trading business, activities or assets. The Disposal is therefore conditional on the consent of Shareholders at a general meeting of the Company.

Assuming completion of the LAA, the Company's sole asset would be its holding of JHI Common Shares. The Directors have concluded that in this scenario it is in the best interests of the Company and its Shareholders to seek Shareholder approval for cancellation of the admission of the Ordinary Shares to trading on AIM.

Shareholder approval for the Disposal and Cancellation will be sought at a general meeting of the Company to be held at The Chamber of Commerce, West Hillside, Stanley, Falkland Islands at 5 pm (Falkland Islands time) on 26 May 2023.

In the event that Shareholder approval for the Disposal and Cancellation are obtained, it is the intention of the Board that the Company should then be wound up by way of a members voluntary liquidation. The Company has agreed with certain creditors of the Company to settle those liabilities in JHI Common Shares (up to approximately 475,000 JHI Common Shares). Thereafter, approximately 8 million JHI Common Shares are expected to be available for distribution to Shareholders pro rata to their holding in the Company at that time.

A copy of the Circular containing more information regarding the Disposal, Cancellation and Notice of General Meeting will be posted to Shareholders on 4 May 2023 and will be available on the Company's website www.argosresources.com shortly.

[Theo15]

JHI gehört zu 100% seit 14.3.2022 Eco Atlantic ( Africa Oil )

Hallo zusammen ,

https://www.oedigital.com/news/494978-eco-atlantic-agrees-to…

"Das Öl- und Gasunternehmen Eco Atlantic hat zugestimmt, 100 % der in Toronto ansässigen JHI Associates Inc. ("JHI") zu erwerben, einschließlich JHIs 17,5-prozentiger Beteiligung am Canje-Block vor der Küste von Guyana."

Geld und Langfristperspektive dürfte nun gegeben sein.

[honigbaer]

Antwort auf Beitrag Nr.: 71.855.060 von Andrija am 25.06.22 00:24:57

JHI Associates soll die Lizenz von Argos übernehmen, Argos soll dafür 9,3% der JHI Aktien erhalten.
"... the Group would gain exposure to the Canje block, offshore Guyana, which is directly adjacent to the prolific Stabroek block where ExxonMobil has discovered more than 10 billion barrels of oil"
http://otp.investis.com/clients/uk/argos_resources_ltd/rns/r…

Außerdem ist die Lizenz bis Ende 2024 verlängert.
http://otp.investis.com/clients/uk/argos_resources_ltd/rns/r…

[Andrija]

RNS-Nummer : 5232T Argos Resources Ltd 25. Juli 2022

http://otp.investis.com/clients/uk/argos_resources_ltd/rns/r…

[Andrija]

Antwort auf Beitrag Nr.: 71.353.246 von honigbaer am 13.04.22 19:08:12

Jetzt wird die Lizenzverlängerung teuer:

RNS Number : 1629Q
Argos Resources Ltd
24 June 202
ARGOS RESOURCES LIMITED

("Argos", the "Group" or "the Company")
Update on Licence PL001, Funding and Publication of Results

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, is pleased to provide an update on the Company's PL001 Licence, Argos' funding position and the anticipated timing for publication of the Company's financial results for the year ended 31 December 2021.

Licence PL001

Argos announced on 11 April 2022 that the Falkland Islands Government ("FIG") had extended the second term of the Company's PL001 Licence from 1 May 2022 to 31 December 2022, with no additional work commitments.

The Company is currently in discussions with FIG regarding the terms on which a further extension of the PL001 Licence may be granted, to enable Argos to undertake the necessary technical work to progress the project. The Board expects that any extension beyond 31 December 2022 would be subject to certain technical commitments from the Company, which would require Argos to raise additional capital.

Update on Funding Position

Mr Ian Thomson, OBE, Chairman of Argos, has agreed to provide a loan facility of up to £110,000 to the Company (the "Loan Facility"). Drawdown from the Loan Facility can be made at the Company's request. The Loan Facility is available until 31 January 2023 with no interest accruing on borrowed amounts. If the Company carries out a share issue by way of fund-raising, the lender shall be entitled to convert the loan then outstanding into new shares issued on the same terms as those available to other participants in the issue.

The Loan Facility, along with the Company's existing resources of £100,000 as of 24 June 2022, will provide the Company with sufficient working capital until July 2023.

The provision of the Loan Facility is deemed to be a related party transaction for the purposes of the AIM Rules for Companies. The Independent Directors consider, having consulted with the Company's nominated adviser, Cenkos Securities plc, that the terms of the Loan Facility are fair and reasonable insofar as the Shareholders are concerned.

Publication of Results

Alongside the provision of the Loan Facility, the Company has been in discussions with its auditors to ascertain the basis on which its annual audited accounts for the year ended 31 December 2021 ("FY21 Accounts") should be prepared. It is now expected that the FY21 Accounts will be prepared on a going concern basis as, in the opinion of the directors, there is a reasonable expectation that the Group and the Company will continue in operational existence for the foreseeable future.

Under Rule 19 of the AIM Rules for Companies, an AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate.

As a result of the Company's extended discussions regarding its funding position, and the associated impact on the timing for the FY21 Accounts, the Company will not be in a position to publish its 2021 Financial Statements by the deadline of 30 June 2022. Consequently, the Company's shares will be temporarily suspended from trading on AIM as of 7.30 a.m. on 1 July 2022, pending publication of the FY21 Accounts. The Directors are endeavouring to complete the procedures required for audit completion and will publish the FY21 Accounts as soon as possible.

Notwithstanding the temporary suspension of trading in the Company's shares, the Company will continue to make announcements as and when there are any developments that require to be notified under the AIM Rules for Companies.

[honigbaer]

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