Argos Resources Share Discussion Threads

[corrientes] 05/8/2013 07:34

Now who should I listen to, GWR7 or JP MOrgan ?

Tough choice !

[topinfo] 05/8/2013 07:09

Argos Resources Ltd Holding(s) in Company
Print
Alert

TIDMARG

RNS Number : 9008K

Argos Resources Ltd

05 August 2013

5 August 2013

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Holdings in Company

The Company was notified on 2 August 2013 by JP Morgan Chase & Co. that as at 2 August 2013 JP Morgan Asset Management Holdings (UK) Limited had an aggregate interest in 17,644,201 ordinary shares, representing 8.12 per cent. of the Company's issued share capital.


For further information:
Argos Resources Limited
Ian Thomson, Chairman
John Hogan, Managing Director
www.argosresources.com ([phone])
Cenkos Securities plc
Jon Fitzpatrick ([phone])
Neil McDonald ([phone])
Citigate Dewe Rogerson
Martin Jackson
Priscilla Garcia ([phone])


Notes to Editors

Argos Resources is an oil and gas exploration company listed on AIM and based in the Falkland Islands. The Company's principal asset is a 100 per cent interest in production licence PL001 covering an area of approximately 1,126 square kilometres in the North Falkland Basin.

A 3D seismic survey was acquired in early 2011 covering the entire licence area. The quality of the seismic data acquired is excellent and interpretation of the final processed data has led to the identification of 52 prospects and 40 leads within the licence area. A Competent Person's Report issued in July 2013 describes the 52 prospects. These prospects have a total unrisked potential of 3.1 billion barrels of prospective recoverable resource in the most likely case and up to 10.4 billion barrels in the upside case.

The licence area adjoins licences PL032 and PL004b. The Sea Lion oil discovery was made in licence PL032 in 2010 and a total of nine wells have now been drilled to complete the appraisal of this large discovery. An extension of the Sea Lion field into licence PL004b was proven by drilling in late 2011 and additional shallower stacked oil and gas accumulations above the Sea Lion field have also been proven in the Casper, Casper South and Beverley discoveries.

The presence of gas in these latest discoveries, together with gas in the Johnson discovery and gas condensate in the Liz discovery to the south points to a second deeper source rock generating commercial volumes of hydrocarbons into the basin, in addition to the Lower Cretaceous oil source rock.

The Company has a strong and experienced management team with extensive experience in both the oil and gas industry and the Falkland Islands.

This statement has been approved by John Hogan, Managing Director of Argos Resources and a qualified geologist with over 35 years of experience in the petroleum industry.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLPJMPTMBIMMBJ

[sarscars] 01/8/2013 21:12

i see arg have 10 prospects which have cos over 20 , i do remember there neighbour rockhopper with there sea lion discovery had a cos of 23 , just dont be misguided by others on here

[topinfo] 31/7/2013 23:35

Rise here late afternoon coincided with RKH sudden jump in share price If RKH announce more good news, further farm in or full take-over these will rocket. Looks like something significant is about to happen at RKH so stand by your beds here at ARG!

[corrientes] 27/7/2013 13:29

Of course you'd know all about this company, Mr Expert. You certainly have your favorites. When was the last time you posted here ?

Do keep it up though, so I can buy in cheaper.

[gwr7] 27/7/2013 12:19

The headline figure might be over 3 billion barrels but it's there for idiots. Many of the prospects have been revised down. The overall figure has increased because they've nearly doubled the number of prospects. Many of these have low recoverables and low cos. Only 10 of the 52 identified prospects have cos greater than 20% and only one has P50 risked of more than 25 million barrels. 52 prospects and £3m cash. Yeah, right.

[steveolds] 26/7/2013 08:13

Cant see it making any difference until funds for drilling is sorted.

[sharedgain] 26/7/2013 07:18

I'm loving this from today's RNS:
'New best estimate prospective resource of 3,083 million barrels of oil ("mmbo") recoverable, an increase from 2,107 mmbo identified in the Competent Person's Report published by the Company in 2011.... 40 additional leads identified and not included in the best estimate or high case prospective resource estimates... Potential contingent resources for the Johnson gas discovery attributable to the Company have not been included in the above figures.'

Would have liked just a tad more on this:
'The directors continue to actively consider various financing options to facilitate exploration drilling.'

Hopefully these figures will entice more to join us in the party.
GLA
SG

[alfieduncan] 16/7/2013 22:29

Not a lot. Are you wearing these tshirt?

[tshirt] 06/6/2013 09:28

09.25
bid is 19p offer 20.5p. what is happening boiler room bunnies. what you say ????

[theshareguru] 05/6/2013 17:10

Blue tommorow two big buys after hours 75k and 100k.

[alfieduncan] 05/6/2013 16:45

Good to see recent selling hasn`t put off the larger buyers. 280k of shares bt in last 90mins. May see some blue manana if general market holds up.
Something round the corner it feels.

[theshareguru] 04/6/2013 15:52

Postiga sorry do I here right, cpr is a report awaited which
Will give shareholders an idea what oil could be found in argos
Resources area in falklands acreage, premier is the company
Who farmed in on rockhoppers sea lion discovery.

[tshirt] 04/6/2013 15:18

come on nutters---here little boiler room nutters !!!!!

[theshareguru] 04/6/2013 14:12

Up she goes

[postiga08] 04/6/2013 14:12

whats cpr. who are premier

[theshareguru] 04/6/2013 12:06

Very cheap as we will find out when cpr figures come out, they have played an
Excellent waiting game, waiting for others to drill and now has 100% of next
Block to sea lion, premier must be favourates either to take % in farm out
Or bid for argos when they would get the block.

[tshirt] 04/6/2013 11:14

price has gone up...............wheres the nutters !!!!!!

[casino444] 29/5/2013 10:09

Why the steady fall 'why the sudden rise' are they just playing around with the share or is there any reason behind it all ??