Evergreen Resources in Falkland Islands exploration.DENVER--(BUSINESS WIRE)--Nov. 5, 1996--Evergreen Resources Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EVER) has a net 2% working interest in a corsortium which has been awarded an exploration licence for Tranche A in the First Offshore Falkland Islands Falkland Islands (fôk`lənd), Span. Islas Malvinas, officially Colony of the Falkland Islands, group of islands (2005 est. pop. 3,000), 4,618 sq mi (11,961 sq km), S Atlantic, c.300 mi (480 km) E of the Strait of Magellan. Offshore Licensing Round. Amerada Hess (Falklands Islands) Limited is Operator of the consortium, which includes Fina Exploration Atlantic BV, Murphy South Atlantic Oil Company, Teikoku Oil Co. Ltd., and Argos Evergreen Limited. Argos Evergreen Limited, a 5% working interest holder in the consortium, is a joint venture company formed in the Falkland Islands and owned 60% by Argos Resources Limited and 40% by Evergreen Resources (UK) Limited, the UK subsidiary of Evergreen Resources Inc. Argos Resources Limited is a subsidiary of Argos Limited, a Falkland Islands company which owns and operates a fleet of deep sea fishing Deep sea fish is a term for fish that live below the photic zone of the ocean. Examples include the lanternfish, flashlight fish, cookiecutter shark, bristlemouths, and anglerfish. vessels in the Falkland Islands area. The licence covers 1,621 square kilometres and lies approximately 250 kilometres to the north of the islands in water depths ranging up to 480 metres. This area incorporates part of a major unexplored sedimentary basin The term sedimentary basin is used to refer to any geographical feature exhibiting subsidence and consequent infilling by sedimentation. As the sediments are buried, they are subjected to increasing pressure and begin the process of lithification. which has not yet been tested by drilling. It therefore represents a rare opportunity to be involved during the early phase of exploration in an unexplored basin. CONTACT: Evergreen Resources Inc., Denver James S. Williams or Mark S. Sexton sex·ton n. An employee or officer of a church who is responsible for the care and upkeep of church property and sometimes for ringing bells and digging graves. , 303/534-0400 |
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