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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argos Resources Limited | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
04/11/2015 17:31 | 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. | chinahere | |
04/11/2015 17:25 | Pre-spud share price estimate? Difficult to call BUT if Rhea comes in and is developed the follow on prospects should fire the mcap into orbit. Entirely as a consequence of the ORRI agreement. If not, the licence area has no further evaluation requirements for ten full years due ARG's unique position as an open licensing round entrant. The farm in will then be fully reversed. Still, on the downside it is another gcos puntvestment riddle. | gunsofmarscapone | |
04/11/2015 13:33 | Rise in the price of oil helping a wee bit. Should hear some news fairly soon. Always good to see a few of the larger trades going through at a premium. | alfieduncan | |
04/11/2015 08:40 | OK, I am all loaded up here. | chrisc168 | |
03/11/2015 12:11 | It had fallen in sympathy with the South Basin drill result. I think it was overdone hence the re-rating. | chinahere | |
29/10/2015 07:30 | The rig which drilled the Humpback well will be released to another operator before returning to Noble Energy to spud the Rhea prospect in late 2015 or early 2016. Located in the Northern Area License offshore the Falkland Islands and approximately 265 miles from Humpback, Rhea is in a proven petroleum basin near existing oil discoveries. Rhea is a Cretaceous-aged prospect with multiple reservoir targets and total estimated gross mean unrisked resources in excess of 250 million barrels of oil. | wordog | |
22/9/2015 08:19 | and missed by most of the market.. so we should be drilling Rhea in next few weeks and it's not going to cost them anything. | sos100 | |
21/9/2015 15:56 | Great to see all is ready for drilling Q4 -------------------- 21 September 2015 Argos Resources Limited LICENCE PL001 FARMOUT AGREEMENT COMPLETED Argos Resources Limited (AIM: ARG.L) (the "Company"), the Falkland Islands based company focussed on the North Falkland Basin, is pleased to confirm the completion by its wholly-owned subsidiary, Argos Exploration Limited, of a farmout agreement (the "Agreement") with Noble Energy Falklands Limited ("Noble") and Edison International S.p.A ("Edison") in respect of its Licence PL001 (the "Licence"). The Company announced the farmout on 13 April 2015, noting that completion was subject to shareholder, government, regulatory and partner approvals. All required approvals have since been received allowing the transaction to complete. The Agreement will allow exploration drilling on the Licence, which covers an area of approximately 1,126 square kilometres in the North Falkland Basin (the "Licence Area"), to proceed as part of the current 2015 drilling programme. Under the terms of the Agreement: · Noble will assume operatorship of Licence PL001; · Noble and Edison will earn a 75 percent and 25 percent working interest in the Licence respectively in return for drilling an exploration well in the Licence Area during the current drilling campaign to test the Rhea prospect* at no cost to the Company; · The Company will retain an overriding royalty interest of 5 percent of gross production from all hydrocarbon discoveries developed within the Licence Area (the "ORRI"). This interest is retained free and clear of the need to contribute to any future capital or operating expenditures incurred over the life of the Licence; · The Company received US$2.75 million in cash at completion and will receive a further US$800,000 per annum from 1 January 2016 through to receipt of the first royalties pursuant to the ORRI, amounts which are expected to be sufficient to meet all anticipated transaction costs and running costs through to receipt of the first royalties; · The initial exploration well to test the Rhea prospect will fulfil the remaining work obligation on the Second Exploration Term of the Licence; · Should Noble and Edison elect to surrender the Licence following the drilling of the initial exploration well, the Company has retained the right to have 100 percent of the working interest reassigned to it, subject to appropriate Falkland Islands Government approvals. * Rhea has prospective recoverable (P50) resources of 443 million barrels of oil. Ian Thomson, Chairman of Argos, commented: "We are grateful to all those who have helped secure the various approvals required to bring this transaction to its successful completion. The innovative nature of the farmout terms means that there is no material shareholder dilution or further material shareholder funding required by the Company for any future investments in the Licence. We now look forward to the drilling of the exploration well on Rhea which we expect to commence in the fourth quarter of this year. We believe that success at Rhea will de-risk other prospects in the Licence." | trulyscrumptious | |
02/9/2015 13:22 | CHECK OUT BOWLEVEN | wantmorethan24p | |
02/9/2015 13:22 | They have picked rhea first as they would think it's be the best chance of finding something , a good find would maybe make noble energy and others fund other targets of there's in my opinion | casino444 | |
02/9/2015 12:55 | alf- they are due to spud Rhea stack this year and there not paying for it.Nothing has changed in terms of timings.. "We are delighted to have entered into this agreement with such highly-regarded and financially robust partners as Noble and Edison. The innovative nature of the transaction means that there is no material Shareholder dilution or further Shareholder funding required by the Company for any future investments in Licence PL001. In addition, with ongoing working capital requirements catered for by the terms of this agreement and the Second Exploration Term work obligation on our Three Exploration Term Licence now covered, the financial position and outlook for the Company is robust. We are pleased to be participating in the 2015 drilling campaign in the North Falkland Basin, which is already underway, and look forward to the drilling of the first exploration well to test the Rhea Stack. Rhea has always been our top-ranked prospect in which we estimate a resource potential of 449 million barrels of recoverable oil. We are especially delighted that, following their own extensive technical work, Noble and Edison have selected this as their first exploration target on the Licence. We believe that success at Rhea will de-risk other prospects in the Licence. | sos100 | |
02/9/2015 12:40 | Very quiet thread but it's nice to see today's rise. | trulyscrumptious | |
02/9/2015 10:29 | Morning all, a few slightly larger buy trades going through at inflated prices and limited size on offer. Been here before but, hopefully, may be something in the pipeline. | alfieduncan | |
21/7/2015 13:43 | And back to where we started from yawn | jathomas | |
24/6/2015 22:28 | It's always going to drift until pre spud, then it will be above 10 again, don't worry about the share price now as the only thing that matters is if they find oil in Rhea | wordog | |
24/6/2015 16:59 | And back down we go | jathomas | |
01/6/2015 14:12 | BOR slowly creeping back up, would be great to see a similar deal to ARG. Directors seem to be holding out though for maybe more than what the market will give. But interest returning slowly to all Falklands stocks now, let's hope Humpback is a big find. | barvin | |
21/5/2015 16:51 | Would be nice to get back to at least 30p still nearer the all time low | jathomas | |
21/5/2015 15:48 | Great to see the rise here, let's hope investor interest is returning ot Falklands. Hope a simiar rise at BOR is we can get a similar deal or better. | barvin | |
21/5/2015 15:33 | Buys are starting to liven up I see! October seems a long way off but I guess it may take that long. It will give the share price time to recover. | trulyscrumptious | |
20/5/2015 16:12 | What you thinking spud wise after delays at isobel. Early October for Rhea? | robpuguk | |
20/5/2015 15:51 | I'm surprised this board is so quiet, I bet it livens up pre spud. | trulyscrumptious |
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