Argos Announces 2021 Interim Financial Results

Source: www.gulfoilandgas.com 9/24/2021, Location: South America

Argos Resources Limited, the Falkland Islands based company focused on the North Falkland Basin, is pleased to announce its interim financial results for the six months ended 30 June 2021.

Highlights
· $200 thousand loss for the period (H1 2020: loss of $192 thousand);
· $550 thousand successful fund raise in May 2021;
· $641 thousand cash reserves at 30 June 2021 (YE 2020: $438 thousand);
· The current Second Phase of the Licence was extended until May 2022;
· The Company continues to work on de-risking the North Falklands basin for drilling and seek partners to participate in drilling on its Licence.


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