Argos Resources Ltd engages in the exploration and appraisal of oil and gas properties in the North Falkland Basin offshore the Falkland Islands. The company, through its wholly owned subsidiary Argos Exploration Ltd, holds a 100% interest in Production Licence PL001, covering approximately 1,126 square kilometers and encompassing prospects such as the main Chimera discovery and several near-field exploration opportunities including Parsons, Zeuses and the southern Sea Lion extension; it focuses on crude petroleum extraction activities targeting hydrocarbons in this frontier basin. Founded in 1995 and headquartered in Stanley, Falkland Islands at Argos House, H Jones Road, the company operates exclusively in the Falkland Islands region with a small team of six employees. In 2023, Argos entered into a Licence Acquisition Agreement with JHI Associates Inc., a Canadian private company, to sell its PL001 interests and related assets for 8,467,820 JHI common shares and GBP303,500 in cash, subject to shareholder approval and Falkland Islands government consent, as part of a strategic shift to provide shareholders exposure to JHI's broader portfolio including the Canje Block offshore Guyana while pursuing delisting from AIM; this transaction, announced following a preliminary agreement in December 2022, remains pending completion with a long-stop date extended into 2023.