Share Name Share Symbol Market Type Share ISIN Share Description
Argos Resources LSE:ARG London Ordinary Share FK0114538241 ORD 2P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.75p 3.50p 4.00p 3.75p 3.75p 3.75p 1,300 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.0 -0.0 - 8.24

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Date Time Title Posts
05/2/201710:57ARG Argos Resources (Falkland Islands Oil & Gas Exploration)1,316.00
07/10/201514:37ARGOS NORTH59.00
16/5/201415:42Argos - undervalued falklands explorer29.00
19/7/201311:08Argos Resources Limited - North Falklands Basin659.00
28/3/201210:38Stop UK Aid To Argentina e-petition1.00

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Argos Daily Update: Argos Resources is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ARG. The last closing price for Argos was 3.75p.
Argos Resources has a 4 week average price of 3.75p and a 12 week average price of 3.75p.
The 1 year high share price is 5.50p while the 1 year low share price is currently 3.50p.
There are currently 219,713,205 shares in issue and the average daily traded volume is 19,461 shares. The market capitalisation of Argos Resources is £8,239,245.19.
chinahere: No idea what will happen pre-spud but a good result in this drill could imply a substantial dilution-free return in the future. I like to think that the share price now may be the yearly dividend in the future.
theshareguru: Re reading all the notes on argos's area which is hugh leads me to think that any deal is going to be big, we are not talking about 200m barrel's of oil in the area we are talking about lower scale 3 billion higher scale 10 billion barrels, that is why I think it will be a three way break up involving Premier/rockhopper, noble and argos, I think also that due to the fact that it's such a valuable assett to argos right next to the sealion discovery then behind the scenes they are probably working on with prospective farmees for the drilling of two exploration wells late 2014 into 2015. share price for argos on farm in news will be a minimum doubling to 40p perhaps 50p valuing argos at 100m, but so much prospective oil cheap in my eyes. any thoughts fellow bb members.
agnabeya: From Proactive investor - ============================================================================ UPDATE: Argos Resources says search for farm-in partner continues Mon 10:46 am by Ian Lyall A total of 30 new leads were uncovered that weren't reported in the initial independent competent persons report. A new CPR is expected to be published next quarter.A total of 30 new leads were uncovered that weren't reported in the initial independent competent persons report. A new CPR is expected to be published next quarter. ---ADDS BROKER COMMENTS AND SHARE PRICE--- Argos Resources (LON:ARG) confirmed that it is "more likely" that drilling on its highly prospective licence area in the North Falkland Basin will begin next year rather than 2013, as the search continues for a farm-in partner for the acreage. Last year was notable for two major deals with explorers operating in the waters off the tiny South Atlantic islands: Premier Oil (LON:PMO) teamed up with Rockhopper (LON:RKH), which has the area adjacent to Argos's; and Noble Oil & Gas tied-up with Falklands Oil & Gas (LON:FOGL). "We have commenced the search for an industry partner," said chairman Ian Thomson as the group unveiled its full-year financial results. "Several potential counterparties with the technical and financial capacity to develop and bring into production any commercial discoveries made have expressed an interest. "We will continue the farm-out process until a suitable transaction can be agreed that reflects the board's view of the value of our acreage. "The farm-out process is likely to take some time and we are therefore being prudent in assuming that exploration drilling on our licence is more likely to begin in 2014. "We will pursue an earlier drilling opportunity if one arises but not at the expense of a sub-optimal transaction. Shareholder best value remains uppermost in our minds." Among the highlights of last year was the 3D seismic data that helped de-risk "numerous prospects", which were larger than first thought. A total of 30 new leads were uncovered that weren't reported in the initial independent competent person's report (CPR). A new CPR is expected to be published next quarter. Premier Oil is paying just shy of £1bn to farm into Rockhopper's Falklands block, which contains the giant Sea Lion discovery. This has created a huge buzz around the neighbouring acreage, owned by Argos, particularly as it is hoped the area contains a Sea Lion look-alike. Consequently broker Cenkos expects the 1,126 square-kilometre licence to garner a lot of interest from companies looking to farm into the Falklands. "We see Argos as providing the potential both in terms of upside for the basin and in providing multiple nearby prospects that could be rapidly exploited through a Sea Lion 'hub'," said analyst Ashley Kelty. "With greater resource upside than that on nearby blocks, we anticipate that Argos may be very attractive to a larger independent E&P company as a farm-in partner for the proposed three-well campaign. We anticipate that this could be completed in the next six to 12 months with drilling taking place in 2014." The financial results reveal the group had US$5.7mln at the year-end, which is "deemed sufficient to meet the company's ongoing needs and overheads". The loss for the year was US$1.58mln. Cenkos, which rates the stock a 'buy' up to 70 pence, says Argos is funded out to 2015. At 10.45am, the shares were little change at 18.75p each.
sarscars: looking at the sells the plan appears to be working by dropping the arg share price this week has freed up some arg stock , so on that basis i'm thinking some one knows something so could be some good news out sooner than we think
lucky_punter: Argos Resources (LON:ARG) is expected to see greater momentum in its share price during the second half of this year, according to City broker Singer Capital.
topinfo: Argos Resources: City analyst eyes more Falkland farm-outs and rig news Mon 1:30 pm by Jamie Ashcroft Argos Resources (LON:ARG) is expected to see greater momentum in its share price during the second half of this year, according to City broker Singer Capital. Analyst Simon Hawkins says that a farm-out deal and possibly rig news could provide the triggers. In a note to clients today the analyst highlights that Argos shares have drifted down after a strong start to year. This, he says, followed the company's deliberate decision to wait and see how the other four Falkland players explore and develop their respective frontier acreage. While Borders & Southern's disappointing well result is a timely reminder that frontier exploration is a risky affair, investors in Argos are more likely following the fortunes of Rockhopper Exploration (LON:RKH) – which sealed a US$1 billion deal with Premier Oil last week. Argos owns the PL001 licence in the North Falkland basin and this acreage position lies immediately adjacent to the area hosting Rockhopper's Sea Lion discovery. The Sea Lion is now being bankrolled to first oil as a result of the Premier deal. Rockhopper is receiving around US$230 million upfront, and its share of development costs will be carried by Premier. As part of last week's US$1 billion tie-up Rockhopper and Premier agreed to restart exploration efforts. Under the terms Premier will bankroll at three new wells. And the prospect of a drill rig returning to the North Falkland basin is likely to attract a great deal of interest, analysts say. Back in March Argos highlighted that it would be a 'natural beneficiary' of the growing industry interest and deal activity in the area. It is looking to bring in a partner of its own so that it can drill a 'sufficient number' of exploration wells to adequately test its recently enlarged prospect inventory. Last year Argos, Rockhopper and Desire conducted a large 3D seismic programme across the basin. Argos says this programme produced the best quality seismic data on the North Falkland basin to date. And subsequently it upgraded its prospective recoverable resource estimates for the licence to between 2.1 and 7.3 billion barrels of oil. Some of the company's exploration prospects are located just a few kilometres away from the Sea Lion.
oilbandit: From IC What is it about oil & gas explorers in the Falkland Islands that so captures the imagination of investors? Last week, the share price of Borders & Southern rose by 88 per cent as the rumour mill went into overdrive about drilling results from the company's Darwin exploration well, while prices for Rockhopper Exploration and Desire Petroleum headed in the opposite direction. If anything, though, the news from the latter two was better than the eventual result at the former. The hope was that Darwin, a deepwater target in the southern basin, could contain as much as 760m barrels of oil. In the event, Borders' initial drilling turned up a 177 metre interval of gas condensate - with no details given as to the volume of the discovery, nor the proportion of gas to liquids. The share price slumped - gas in such a remote location would be difficult to commercialise, especially given the political tensions with Argentina. The trigger for the price action in both Rockhopper and Desire was the publication of separate competent persons reports (CPR). These are part of the process of turning a geological resource into a commercially viable reserve. A CPR by consultants Gaffney, Cline & Associates attributed a potentially recoverable net resource of 355.6m barrels of oil at the Sea Lion disovery to Rockhopper, with a 90 per cent chance of being successfully developed. But some analysts - most notably Goldman Sachs - had set their valuations on slightly higher net estimates. A Senergy CPR on Desire's 40 per cent stake in one of the Sea Lion discoveries, pointed to a contingent resource of 85m barrels of oil, in addition to 178bn cubic feet of gas. Oriel Securities attributes a resource rating of 107p a share to Desire (versus a share price of 28p), which could underpin a farm-out valuation of 45p. IC VIEW: The initial results from Darwin do at least confirm the presence of hydrocarbon-bearing structures within the South Falklands Basin, which provides a positive beat for UK explorers in the region - including our preferred southern basin play, Falkland Oil & Gas . And, ironically, the recent appropriation of Repsol's stake in YPF by the Argentine government could perversely make it easier to attract farm-in partners to the South Atlantic, as oil and gas companies - or at least western ones - may now be less bothered about upsetting Buenos Aires on matters of regional sovereignty. ---------------------------- Values Desire quite highly as they do actually have oil in situ. Let's hope Borders join the club soon.
robbinghood: Could we see another 500% share price gain? But corporate investors in the oil sector are used to political risk – although BHP Billiton is thought to have pulled out of its joint venture with Falkland Oil & Gas for fear of offending South America, Rockhopper is confident of striking a farm-out deal for the development of Sea Lion, with the UK's Premier and Cairn and the USA's Anadarko and Noble Energy rumoured to be in the frame. Assuming that it can bring Sea Lion into production within its 2016 targeted time frame, Edison argues that its shares can double from here. But the biggest near term potential undoubtedly lies with the Southern Basin licence holders Borders & Southern and Falkland Oil & Gas. In the month after the Sea Lion discovery, Rockhopper's share price gained 644%, as the market not only took on board the significance of this find but also started to price in the possibility of more. "This" says Edison, "is not uncommon and forms the basis for what we can expect the other Falklands explorers to do if they have equally encouraging discoveries... it is therefore not unreasonable to assume that share price gains running in excess of 500% could be possible with both companies. The large size of the prospects... are of a magnitude that is difficult for investors to comprehend...". The oil gamble of the decade is upon us – if you want to place your bets, you had better hurry. The moment of truth is nearly here. I'll keep you up to date on this tremendous, and long running saga when you try Red Hot Penny Shares today!
chrisoil: Dear me the 10p mob have just relised they will be diluted hence arg share price should have listen to chrisoil..................................
pro_s2009: Evolution Securities prefers Rockhopper Exploration and Argos Resources (LON:ARG) to Desire and so do I :) Desire shares drop another 20 pct after latest Falklands duster Tuesday, January 04, 2011 by Jamie Ashcroft Desire Petroleum (LON:DES) shares slumped a further 20 percent this morning with yet another failed exploration well being plugged and abandoned. This morning it revealed that its latest well in the Falklands failed to locate oil or gas in the Dawn prospect, the well's second target. The 25/5-1 well was designed to test two targets - Dawn and Jacinta - in the North Falkland basin. Last week Desire told investors that the well did not find any hydrocarbons in the Jacinta prospect. This latest disappointment follows the dour news last month that the company's Rachel North well would also be abandoned. Desire will now await the results of its seismic survey being carried out in partnership with Rockhopper, which also plans to drill the next two wells in the basin. Later, the rig will return to Desire for the last drilling slot in the current exploration campaign. David Hart, oil and gas analyst at Westhouse Securities, downgraded his view on Desire in the wake of this morning's announcement. The analyst cut his rating to 'hold' and reduced his price target to 40 pence - after previously rating the stock an 'accumulate'. "This is further unfortunate news for Desire, following the earlier disappointment with the Rachel prospect and Jacinta just before year end," Hart said in a note to clients. He added: "The ongoing 3D seismic programme may expand this portfolio of prospects but drilling more than one additional well is likely to require further financing as well. "Looking ahead, we will adjust the risk associated with drilling Desire's next well based on the results from Rockhopper's (LON:RKH) upcoming wells and the results of the new seismic programme." Evolution Securities prefers Rockhopper Exploration and Argos Resources (LON:ARG) to Desire. And the broker pointed out: "Desire has sufficient funding for one last well in the northern part of the basin, however, we remain cautious given the track record of well results and acreage and prefer Rockhopper and Argos," Evolution rates both Rockhopper and Argos 'buy', with price targets of 400 and 52 pence respectively. "This is the second well in the southern part of the North Falkland Basin and neither has provided much encouragement for the future prospectivity of this area," Evo added. "Until we gain further information on Desire's final drilling target we remain cautious on the shares which will, in the near term, be driven by drilling results from Rockhopper." The Desire share price has been decimated since a shock change in fortune in early December - with the company prematurely proclaiming a new oil discovery when in fact the prospect was water bearing. On the December 6 the stock more than halved in value as it fell from 133.25 to 67.25 pence in one session. Subsequently the Dawn/ Jaquinta well has led to yet more despair for investors, with the stock falling to 42.5 pence and then 34.5 pence in the wake of the 25/5-1 drilling results. It has not all been doom and gloom in the Falklands though. The new oil frontier provided one of the AIM market's biggest stories in 2010, with many investors riding the white-knuckle rollercoaster ride. Rockhopper Exploration's Sea Lion discovery gave investors the stand-out result, as it confirmed what investors had long hoped for, however all the other wells drilled in 2010 failed to match it. Whilst we now know that there is oil beneath the inhospitable waters surrounding the Falkland Islands, there is still much to do in 2011. Looking back it is clear that 2010 was a hit and miss year in the Falklands. Overall three of the five AIM-listed explorers were actively exploring the Falklands, and between them drilled seven holes and one sidetrack. Rockhopper and Desire did most of the work, with their operations in the North Falkland Basin taking centre stage. In total the two firms have now drilled six between them. Meanwhile in the South Basin, Falklands Oil & Gas (LON:FOGL) shares were hit in July after the Toroa well came up dry in July. Of all the wells drilled only the Sea Lion found potentially commercial quantities of oil. The New Year will see the groups explore with more than just the drill bit. Rockhopper, Desire and AIM newcomer Argos Resources (LON:ARG) are set to open up a whole catalogue of new targets with a massive seismic programme in the early part of the year. Back in October the groups agreed to two separate seismic programmes, one between Desire and Rockhopper and another between Argos and Rockhopper. The first of the programmes got started on 20 December, as the Polarcus Nadia3D seismic vessel arrived in the waters around the islands. The second programme, which will use the Polarcus Asima vessel, will follow shortly. Results are expected in early spring for both programmes. Let's hope 2011 proves a more fruitful year for the companies drilling in the South Atlantic and also for the investors who have staked a lot of money on their success.
Argos share price data is direct from the London Stock Exchange
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