May 2015

Peachey & Co LLP advised Argos Resources Limited (LSE AIM: ARG) on the farmout of its Production Licence in the North Falkland Islands Basin with 52 identified prospects and 3.1bn barrels of prospective recoverable resource (best case) to Noble Energy Falklands Limited (a subsidiary of the NASDAQ quoted Noble Energy Inc.) and Edison International SpA (part of the EDF group) in consideration inter alia of a 5% overriding royalty interest.

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