Argos Resources Share Discussion Threads

[chinahere] 19/3/2019 22:44

Possibly, but I think there is goodwill from FIG (I reckon FIG just want this whole thing to go ahead) and ARG would probably prefer a 5% Royalty like they had with Edison and Noble rather than a straight share swap with someone.

Rockhopper has much more going for it than ARG, but if a few things come together then ARG may still be a very good bet from here.

[cyan] 19/3/2019 21:12

Market cap circa £6 million..

Would the FIG play hard ball over extending the term?

Who else would want to take on the licence?

Probably end up with a paper merger.

[chinahere] 19/3/2019 21:00

If Premier are going to go ahead with this then offering ARG the same 5% Royalty deal (assuming FIG roll the licence on) makes sense to me.

Yes, Premier and Rockhopper should share the £75,000 cost per quarter. It could be an exceedingly cheap deal........

[cyan] 19/3/2019 20:50

Pretty grim reading in the results. The clocks ticking .

Looks like ARG will have to fall into the hands of RKH like FOGL did.



"The current Second Phase of the Licence expires in November 2019 and discussions about the licence term beyond that date are underway with the Falkland Islands Government. The Working Interest in the Licence was transferred back to Argos in February 2019 and the Company will seek to secure other partners to participate in its development."

[jathomas] 25/2/2019 16:48

Really? Maybe some really bad news will move the share price up...

[chinahere] 23/2/2019 10:21

I agree that ARG look good if RKH/PMO have started. (I do hope FIG extend everyone's licences).

If I were PMO or RKH I would be thinking about offering a similar deal that Noble and Edison offered them. It would be very cheap for a year or more, but offer great potential.

[fadilz] 23/2/2019 09:06

No one will farm in here until RKH/PMO reach FID, and bring a rig down. But once they do, expect a significant hike in ARG sp, and then a farm-in and first drill for ARG.

So if you take a punt on the above, then a 5x hike in ARG is the likely reward - sometime in 2020.

[shareho1der] 22/2/2019 16:11

Yes. you are right. Well done

[jathomas] 21/2/2019 18:51

Should be above 10p with this news. Just a matter of time, fantastic news today.

[marbill73] 21/2/2019 13:23

Down down down down

[marbill73] 21/2/2019 13:23

https://youtu.be/dCe6e23yIT8

[marbill73] 21/2/2019 13:20

Further down she goes! Bail out and buy web, dont say i dint warn you.

[marbill73] 21/2/2019 11:36

Web is the one to watch! News 7.am tomorrow

[marbill73] 21/2/2019 11:07

Same with skin

[letmepass] 21/2/2019 10:56

People getting out for now

[chinahere] 21/2/2019 10:46

Great news for Argos today:

Argos Resources Limited (AIM: ARG.L), (the "Company", "Argos"), the Falkland Island based exploration company, announces the completion of the reassignment to the Company of 100% Working Interest in Licence PL001 in the North Falkland Basin following the earlier notice to withdraw from the Licence by its former partners Noble Energy Falklands Limited ("Noble") and Edison International S.p.A ("Edison").

Ian Thomson, Chairman of Argos, commented:

"The Company remains very positive about the potential of Licence PL001. We have sufficient cash reserves to meet our ongoing requirements. Now that the reassignment of the Licence has been completed the Company will work to secure other partners to participate in its development".

[postiga08] 07/1/2019 11:33

Positive news from FIG would help.

[chinahere] 07/1/2019 09:32

Positive news from FIG would help.

[corrientes] 07/1/2019 09:31

Change of direction might be on the cards ?

[corrientes] 07/1/2019 09:31

Change of direction might be on the cards ?

[shareho1der] 29/10/2018 09:05

Who cares about AGM results?

[thechief47] 19/10/2018 15:51

Premier oil just placed a big order for subsea equipment valued at £200 mil for sea lion discovery.

[cyan] 06/10/2018 14:28

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.