Argos Resources Share Discussion Threads

[the count of monte_cristo] 23/2/2022 11:30

24 September 2021


Financial outlook

The Group has sufficient cash resources to continue for the period of the current licence term, which expires on 1 May 2022. In order to continue as a going concern beyond that point the Company will need to raise further finance, either through a farmout partner or by raising funds in an equity issue.

[the count of monte_cristo] 16/2/2022 10:40

Wonder if we will start to see some movement here, oil still over 90 USD a barrel.

[the count of monte_cristo] 22/1/2022 08:56

Companies start to rethink these things when the oil price is close to 100 USD a barrel and they realise that far from being a relic energy, the global economy is still dependent on oil and without it things stop working:)

[shareho1der] 21/1/2022 16:30

The new investor at BOR wouldn't do any worse than looking at ARG here. Very cheap at this price.

[shareho1der] 21/1/2022 13:57

That new investor at BOR should also have a look at ARG

[the count of monte_cristo] 21/1/2022 11:42

Heading to 2p.

[the count of monte_cristo] 21/1/2022 10:32

It's not going to take much buying to move this stock. Even if it doubled from here it's still capped at less than 8m GBP.

[the count of monte_cristo] 21/1/2022 10:28

Indeed it does. High risk for sure, but one can see how quickly these penny microcaps can move when viewing BOR's near 70% gain yesterday. It's time for the oil stocks to come back in vogue.

[jnbrw] 21/1/2022 10:21

And don't forget, the cash coffers are empty. Needs a fundraising in short order to keep the lights on!

[the count of monte_cristo] 21/1/2022 09:08

The North Falkland Basin - an emerging oil and gas opportunity

Argos Resources Ltd is an AIM quoted oil and gas exploration company based in the Falkland Islands, ideally placed to make the most of an exciting new oil province heading towards production.

Argos holds a 100% interest in Licence PL001, which covers approximately 1,126 square kilometres in the North Falkland Basin. The licence boundary is just 3km from the Sea Lion oil field, a significant discovery currently being considered for development.

3D seismic data of excellent quality has been acquired over the entire licence area and has identified 52 prospects with a best estimate of 3,083 million barrels of prospective recoverable resource, and a high estimate of 10,412 million barrels. 40 additional leads have been identified which are not included in the above resource figures.

The Company is now seeking an exploration partner to drill a selection of key prospects to unlock the value of this exciting opportunity.

[the count of monte_cristo] 21/1/2022 09:04

About to start moving?

Capped at just 3.5m GBP

Assets have been shelved and on hold for a decade, about to be dusted off as we near 100 USD barrel oil?

[the count of monte_cristo] 21/1/2022 09:03

The North Falkland Basin - an emerging oil and gas opportunity

Argos Resources Ltd is an AIM quoted oil and gas exploration company based in the Falkland Islands, ideally placed to make the most of an exciting new oil province heading towards production.

Argos holds a 100% interest in Licence PL001, which covers approximately 1,126 square kilometres in the North Falkland Basin. The licence boundary is just 3km from the Sea Lion oil field, a significant discovery currently being considered for development.

3D seismic data of excellent quality has been acquired over the entire licence area and has identified 52 prospects with a best estimate of 3,083 million barrels of prospective recoverable resource, and a high estimate of 10,412 million barrels. 40 additional leads have been identified which are not included in the above resource figures.

The Company is now seeking an exploration partner to drill a selection of key prospects to unlock the value of this exciting opportunity.

[jnbrw] 20/1/2022 09:18

It will be interesting to see what route they take this time to fund the company. By all metrics they are running out of cash pretty soon and will need a fundraising of some kind simply to keep the lights on. May be part director participation as before, main question is how much dilution?

[jdk14] 08/9/2021 13:42

Glad I don't take any notice of your predictions Sharho1der!!!

[cyan] 27/4/2021 11:29

"the Falkland Islands Government has extended the second term of the Company's PL001 Licence by twelve months, to 1 May 2022.

The Company has a commitment to drill one exploration well within the licence area by the end of the second term of the licence"

Just a one year extension.!

Can not see anyone interested in FI exploration these days.

Would require a wealthy company gambling circa £40 m on the chance of finding oil.

It would not stop there in the best case scenario; hundreds more millions would be required to appraise.

Look at how much was spent on SEALION; over $1.1 Billion

[gordan ghetto] 09/3/2021 10:46

ANA is the best UK cannabis stock

Share price 1.1p
Only £6.4m mkt cap

Fastest growing sector worldwide
Will have first mover advantage in UK
Same growers as GW Pharma
4 biggest shareholders hold over 50%
BOD own 30%
Massively undervalued (£6.4m mkt cap)
Near term multi bagger on license approval
Partners with leading prof , scientists etc
Primed for a RTO/ main listing (price driver)
Under the radar (most chased MXC,CBX)
Looking to bring a product to market
Off take agreement in place already
Will be producing 200 TONS per year
(200,000 kilos)
Has the most land out of every cannabis co
Fully funded for phase 1
UK medical cannabis growing 20% month
Only 584m shares in issue
Hardly any available in open market
Will apply for a commercial license too

Worth getting in on the ground floor imho.

[jackson83] 07/3/2021 22:23

the Nasdaq listing has been priced into the share price now.

[shareho1der] 14/1/2021 10:50

BoR and RKH are moving. This is next

[corrientes] 29/12/2020 15:59

Blimey ; I almost forgot I own some of these. LOL. How about taking a tiny interest in Guyana, Surinam or any where but the Falklands. They've got no money though.

[corrientes] 09/11/2020 13:28

I wish they'd got the money to go a few thousand miles north of here.

[jnbrw] 15/10/2020 15:51

Any news on a fundraising yet, cash resources must be fairly low by now and it's never a good idea to take it to the wire

[shareho1der] 06/10/2020 15:28

As I have predicted, up it goes. I need to get my wallet out.

[shareho1der] 06/10/2020 14:17

This will soon be taking off like BOR and RKH