Argos plans North Falkland 3D seismic survey

Argos Resources Ltd. will shoot a marine 3D seismic survey next year on North Falkland basin acreage under an exploration license extended until November 2006 by the Falkland Island government.

June 8, 2005

By OGJ editors

HOUSTON, June 8 -- Argos Resources Ltd. will shoot a marine 3D seismic survey next year on North Falkland basin acreage under an exploration license extended until November 2006 by the Falkland Island government.

The survey will cover structural and stratigraphic prospects not tested in a 1998 drilling program in the Tranche A area north of the Falklands.

A drilling campaign with a minimum of three wells is scheduled to begin early next year on Tranche A, in which Argos holds a 100% interest.