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Argos-die kleine Ölperle in den Falklands! (Seite 7)

ISIN: FK0114538241 | WKN: A1C22X | Symbol: 00G
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Argos ohne News....kommende Woche beginnt das Bohren und Argos hat bis jetzt keine Infos gebracht....
Antwort auf Beitrag Nr.: 49.209.758 von BaronOppenSAL am 01.03.15 17:35:54Da ist die News:


Participation in Current Falkland Islands Drilling Campaign and Future Licence Development


Argos to Receive a Royalty Interest From all Developed Discoveries for the Licence Duration

Argos Resources Limited (AIM: ARG.L) (the "Company"), the Falkland Islands based exploration company focussed on the North Falkland Basin, is pleased to confirm that its wholly-owned subsidiary, Argos Exploration Limited ("AEL"), (together "Argos") has entered into a farmout agreement (the "Agreement") with Noble Energy Falklands Limited ("Noble") and Edison International S.p.A ("Edison") which will allow exploration drilling on its Licence PL001 (the "Licence"), covering an area of approximately 1,126 square kilometres in the North Falkland Basin (the "Licence Area"), to proceed as part of the current 2015 drilling programme (the "Transaction").


· Noble will assume operatorship of Licence PL001 from Argos;

· Noble and Edison will earn a 75% and 25% working interest in the Licence respectively;

· Noble and Edison have committed to drill an exploration well in the Licence Area during the current
drilling campaign at no cost to Argos;

· Argos will retain an overriding royalty interest of 5% of gross revenues from all hydrocarbon discoveries
developed within the Licence (the "ORRI");

· Argos will have no requirement to contribute to any future capital or operating expenditures incurred
over the life of the Licence;

· Argos will receive US$2.75 million in cash upon completion of the Transaction and US$800,000 per
annum from 1 January 2016 through to receipt of the first royalty payment pursuant to the ORRI (if any)
as reimbursement for certain historic costs incurred by Argos in relation to the maintenance of the
Licence and the acquisition of certain seismic and other data in respect of the Licence Area;

· The proceeds are expected to be sufficient to meet all anticipated transaction costs and running costs
through to receipt of the first such royalty payment pursuant to the terms of the ORRI;

· The initial exploration well will test the Rhea prospect and will fulfil the remaining work obligation on
the Second Exploration Term of the Licence;

· Should Noble and Edison elect to surrender the Licence following the drilling of the initial exploration
well, Argos has retained the right to have 100% of the working interest reassigned to it, subject to
appropriate Falkland Islands Government approvals; and

· Completion of the Transaction is subject to Shareholder, government, regulatory and partner approvals.

Completion of the Transaction is subject to the consent of Shareholders being obtained at a General Meeting of the Company and a notice convening a General Meeting for 5.00 p.m. on 4 May 2015 at Falkland Islands Chamber of Commerce, Stanley, Falkland Islands to consider the Resolution set out at the end of the Circular will be posted to Shareholders on 17 April 2015.

All capitalised terms in this announcement are as defined in the Appendix.

Ian Thomson, Chairman of Argos, commented:

"We are delighted to have entered into this agreement with such highly-regarded and financially robust partners as Noble and Edison. The innovative nature of the transaction means that there is no material Shareholder dilution or further Shareholder funding required by the Company for any future investments in Licence PL001. In addition, with ongoing working capital requirements catered for by the terms of this agreement and the Second Exploration Term work obligation on our Three Exploration Term Licence now covered, the financial position and outlook for the Company is robust.

We are pleased to be participating in the 2015 drilling campaign in the North Falkland Basin, which is already underway, and look forward to the drilling of the first exploration well to test
Argos Resources (LON:ARG) insider Ragg,James sold 150,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of GBX 7 ($0.11), for a total transaction of £10,500 ($16,385.77).
Argos Resources Loss Narrows In 2016 As It Cuts Administrative Costs
Mon, 27th Mar 2017 12:01

LONDON (Alliance News) - Falkland Islands-based oil and gas company Argos Resources Ltd on Monday reported a narrowed loss for 2016 as administrative expenses more than halved and it generated income during the year.

Argos Resources posted a loss of USD16,000 for the year, compared to the USD1.2 million loss recorded for 2015, despite incurring a larger loss on foreign exchange movements.

The narrowed loss, therefore, came as administrative expenses fell to USD427,000 from USD1.1 million, and as Argos Resources made 'other income' of USD505,000, relating to its participation agreement with Noble Energy Falklands Ltd and Edison International SpA over Argos's Rhea prospect.

Argos Resources said 2016 was yet another "challenging year" for the oil industry, as the average brent oil price fell to its lowest level for 12 years and continued to suppress oil industry activity worldwide.

Argos Resources noted that it could not yet forecast when drilling operations may commence on the Rhea site, after operations were delayed by operational issues with the rig.

However, the group said it was well positioned, as while the delay is "disappointing", the overriding royalty interest in the licence will continue and its future running costs are covered.

Under the agreement with Noble and Edison, Argos Resources receives quarterly cash payments of USD370,000 per annum, which covers its costs, and there is a "risk that Noble and Edison withdraw from the agreement".

"In such circumstances the licence would revert back to Argos, subject to government approval. Given that Noble and Edison have recently applied for and been granted an extension to the licence, which now runs until November 2019, withdrawal is considered unlikely," the group added.

Shares in Argos Resources were untraded on Monday, having last traded at 4.10 pence.
http://www.lse.co.uk/AllNews.asp?code=y2l3z16a&headline=Argo…" target="_blank" rel="nofollow">
Der Handel wurde heute wegen des Anstiegs offenbar zweimal ausgesetzt. Wusste gar nicht, dass so etwas vorgesehen ist. Gilt das generell für die London Stock exchange? Nie gehört oder beobachtet. Da hatten wir schon andere Preisentwicklungen.

RNS Number : 5407N
Argos Resources Ltd
09 May 2018

Second Price Monitoring Extension

A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes.

Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution.

The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices

This information is provided by RNS
The company news service from the London Stock Exchange

Ein Glück, das gibt erstmal wieder Luft!

Thu, 21st Feb 2019 10:16
RNS Number : 7395Q
Argos Resources Ltd
21 February 2019
21 February 2019


("Argos" or "the Company")


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)


Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities PLC

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