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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% 3.05p 2.80p 3.30p 3.05p 3.05p 3.05p 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 0.1 0.0 78.0 6.70

Argos Share Discussion Threads

Showing 4851 to 4874 of 4875 messages
Chat Pages: 195  194  193  192  191  190  189  188  187  186  185  184  Older
DateSubjectAuthorDiscuss
29/10/2018
09:05
Who cares about AGM results?
shareho1der
19/10/2018
14:51
Premier oil just placed a big order for subsea equipment valued at £200 mil for sea lion discovery.
thechief47
06/10/2018
13:28
With BOR and its asset one can only look at the evidence to date; despite years of touting for a farmin; none has been concluded to date. Not saying it will not happen. I think that there was at least one offer years ago when POO was arounf $100, but, BOR management turned their noses up. I bet they regret that now. The strength of POO is great and it does make one wonder; will BOR attract a farmin? will BOR management not be too greedy? Will a prospect farmin partner have confidence in POO remaining so high? I said to myself a year or two back; check out BOR when POO hits $80. I have and still am not convinced enough to buy the shares. I invested in RKH which has a clearer run, imo.
cyan
06/10/2018
13:13
I disagree completely,why on earth would nobody want half a billion barrels of high grade gas condensate plus the offtake dry gas.91000 barrels a day into one floater,project payback within a couple of years. One side track drill to confirm board suspicions of an oil rim around Darwin Selling around Brent price Hardly any large condensate fields left in the world. New shipping regs need it from 2020 Market cap-£18 million only,not many shares in circulation with the majority owned by the big boys. Cash in bank,low overheads 100% owned...... Blimey,i am knackered now.In fact BOR has the most compelling investment case i have ever encountered. Last but not least ARG-Prospects only,no cash and now no partner.RKH merger a must or bust. GL All
gus 3000
06/10/2018
12:18
I agree, BOR have an uphill struggle in the SFB. The NFB waters are far shallower and each drill is half the cost of those in the SFB. My point about SEALION not finding a third development partner is valid. If RKH/PMO struggled to attract anyone to their huge PROVEN asset what chance ARG with only 'prospects'? Its inveitible that ARG will fall into RKH or PMO hands in a paper deal, imo. What value will be placed on the company?
cyan
06/10/2018
12:13
Although the development of commercial oil in the North Falklands Basin is definitely not 100% certain. By all means hold some but surely not ‘all in’ just one junior AIM oiler? Due OP collapse and the elapsed time since discovery I never bothered with AGM’s until this year. Quite surprised at the numbers attending, the demographic and enthusiasm for what really ought to be a highly specialised share. I’m 80% confident that FID will be reached followed by project sanction by the FIG.
gunsofmarscapone
06/10/2018
12:01
Nobody's interested in South Falklands gas condensate. Its North Falklands oil that will excite at some point, and that's what ARG is all about.
corrientes
06/10/2018
11:54
"The corporate action is a positive" I disagree. ARG have now lost £300k pa from "the times wasters". That is money ARG needs. Without it it the clock is ticking. It is not so easy to attract O & G investment in The Falklands. PMO had been looking for another farmin partner for years to share the capital burden. They were unsucessful despite their being an already huge proven asset. Then one should consider BOR with their proven asset and still no farmin after years appealing to the industry. ARG have not got anything PROVEN. That makes their job of attracting another partner challenging.
cyan
06/10/2018
10:22
Some over on LSE are suggesting that ARG won't be able to hold the licence to PL001 and it will revert to the FIG. Anyone know how true that will be?
chinahere
05/10/2018
21:04
The corporate action is a positive … the time wasters gone … now we await a serious company to share the rig costs with PMO on the adjacent field … and, an update before the AGM would dovetail nicely.
thevoid
05/10/2018
12:47
There are a huge number of stratigraphic prospects, most high to very high risk; that riske only partially mitigated by stacking. There has been some ‘noise’ at various meetings about Rhea, not all positive... In fact, and apart from Johnson, the acreage fits the predicated geology prior to the 2010 season. I have a few of these, really with the hope of commercial exploitation of a potentially massive condensate existing discovery using a gas reinjection project. Appraisal and unitisation between Rkh and Arg would be required . That alone would multi-bag Argos. Fortunately over the last two weeks I have rebalanced, adding Logp massively at 1.6 and dropping a few companies operating in unsavoury regions. At least ARG are not profligate, the board are very decent people indeed and they are back in the free market in an era, for the moment, of high crude reference prices.
gunsofmarscapone
05/10/2018
12:21
Yes, I agree C2B. In a strange way them now holding 100% may make them much more attractive to a buyer. If Premier FID for the Falklands goes ahead then Arg must be worth more?
chinahere
05/10/2018
11:36
At this market cap this would be a small change investment for any mid sized oil company to take a punt on. They have the license, they have a large number of prospects stacked on top of one another, so if you miss one you have multiple chances, they've done the surveys and were very unlucky the rig got pulled away from them last time. AND of course they're next to major discoveries. Now they've got the license back probably because of a regional 'strategic' decision rather than anything else. True if nothing happened in the next few months then sell - but something probably will ?
c2b
05/10/2018
08:13
Very surprised by the share price rise. I am in RKH where, after an awfully long wait, momentum is towards field development, fingers crossed! I just struggle to see how ARG can go on for that much longer without a partner and cash support. They were being paid quarterly that £300k pa. I suspect that will end very quickly. Its likely going to take a long time to find a new partner ,other than maybe RKH/PMO. Then there is the awfully long wait for a rig to actually drill and prove ARG have something worthwhile. Time is very much against ARG . In my opinion ARG shareholders interest does lay in a merger with RKH.
cyan
05/10/2018
08:03
That's right, sell low and buy your own disaster in its place.Like most people today, instant is what we want. Never bother to look into the history of anything, and certainly never bother to understand sentiment.
corrientes
05/10/2018
07:55
I'm surprised by ARG share price rise today. Better to sell here and buy into RKH. Cash to share price ratio far better at RKH plus much greater likelihood of development.
whackford
04/10/2018
17:21
Nothing political in this i think,purely a commercial decision.Hardly any companies farm into exploration areas anymore,not worth the risk.Plenty of others out there waiting for investment.However what changed from before i wonder......... oil price is great so it certainly is not that.Perhaps they got wind of something not nice for the North basin-who knows. For ARG i can only see a placement (very soon) as they will not last 18 months without one or a tie up with RKH. In any event i wish all holders the very best,personally a tie up with RKH would be best in my humble opinion.
gus 3000
04/10/2018
17:12
Expect this to de list fairly soon or takeout at 1/2 p
jotoha2
04/10/2018
14:23
Politics, not oil or gas in commercial quantities. Seems to be ascendant in most cultures now. Now the probability of flowing commercial oil in the FI is unquantifiably more tenuous than just a few hours ago. Anyone see the bizarre release of info regarding GRU operations in Holland? Thanks to Brexit we are loosening and even severing ties of a social, economic and political nature, relying on NATO, a purely military concept.
gunsofmarscapone
04/10/2018
14:07
Do Noble and Edison have any notice period to pay or is the cut-off immediate? $0.28 million per annum costs means they may have three years without needing cash if they currently have $0.88 million? Their current market cap. is only a couple of weeks revenue if Rockhopper were in production.
chinahere
04/10/2018
13:27
Statement from 21st August; Chairman's Statement The Company continues to hold a 5% Overriding Royalty Interest in Licence PL001, where Noble Energy is the Operator, in the North Falkland Basin. The Licence is adjacent to Licences PL032 and PL004 containing the large Sea Lion oil field and the Zebedee and Isobel-Elaine discoveries. We believe that Licence PL001 is well-positioned in a proven oil basin and contains a large inventory of attractive prospects. Under the terms of a Participation Agreement between the Company, Noble and Licence partner Edison, the Company continues to receive quarterly cash payments from Noble and Edison totalling £300,000 per annum, which are sufficient to meet the Company's ongoing costs. Financial overview The Group profit for the six months to 30 June 2018 was $37 thousand (2017: $81 thousand) giving an undiluted profit per share of 0.02 cents (2017: 0.04 cents per share). Administrative expenses were $0.16 million compared to $0.14 million for the same period in 2017. Net assets of $29.5 million reflect an increase of $37 thousand since December 2017 as a result of the profit for the period. Financial outlook Cash proceeds being received under the Participation Agreement continue to fully fund the Group overhead. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Without the £300K per annum , the clock is ticking. Note; "· $0.88 million cash reserves at 30 June 2018 (YE 2017: $0.76 million);" from 21.8.18 RNS
cyan
04/10/2018
13:04
ARG market cap £9.43 million. Not a lot. Maybe an allpaper merger with RKH to come? ARG management will try their best to find a new partner for the next year and then merge with RKH , perhaps?
cyan
04/10/2018
12:30
Having 100% again may in the future be seen as very fortunate. Who knows.
chinahere
04/10/2018
11:53
ARG has 'prospects'. Might be in a better place with something substantial proven. BOR has been waiting forever and they have a proven asset. Look at RKH, where I am invested, PMO has been looking for another partner in SEALION for years without success; what chance ARG? ARG long wait goes on.
cyan
Chat Pages: 195  194  193  192  191  190  189  188  187  186  185  184  Older
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