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Argos Resources Share Chat (ARG)



Share Price: 3.50Bid: 3.25Ask: 3.75Change: 0.00 (0.00%)No Movement on Argos Resources
Spread: 0.50Spread as %: 15.38%Open: 3.50High: 3.50Low: 3.50Yesterday’s Close: 3.50


Share Discussion for Argos Resources


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luckyman2
Posts: 4,437
Off Topic
Opinion:No Opinion
Price:5.125
argentina
10 Jan '17
 
luckyman2
Posts: 4,437
Off Topic
Opinion:No Opinion
Price:4.75
All FI are up
10 Jan '17
Is there good news ahead?
Tuggy
Posts: 385
Off Topic
Opinion:No Opinion
Price:4.25
Falky
5 Jan '17
Three years up from May this year to 2019 with an extension of further ten years if oil is found .
As mentioned on earlier posts Noble cut back on four other potential prospects around the world in November and sacked 200 in the process but remained firmly committed to the Argos acreage since then of course POO has recovered and more stable.
Loz786
Posts: 1,478
Off Topic
Opinion:No Opinion
Price:4.375
RE: Falky
5 Jan '17
Cheers, so the 3 years will be up end of 2018, so not really a long wait.

Thanks
Tuggy
Posts: 385
Off Topic
Opinion:No Opinion
Price:4.50
Falky
5 Jan '17
In answer to your question , Noble committed to sign up to PL001 with the FI Govt in May and reduced their yearly fee to 400000 dollars to Argos , and are committed to drill within that three year timeframe, however POO was around 30 dollars at that time , therefore any drilling in the near future was not going to happen , but my sources assured me that in the event POO remains between 55 and 60 dollars for a period of at least four to six months , Noble would sanction a drilling campaign by the end of the year, so drilling effectively early 2018. It might come sooner if they share a platform with PMO and RHK but that is another sceneio entirely.
Loz786
Posts: 1,478
Off Topic
Opinion:No Opinion
Price:4.50
RE: falky
4 Jan '17
Hi Tuggy,

I am trying to locate any information when noble drill rhea? I can't seem to find anything.

Can you be kind enough to point out where they say they will drill etc?

Thanks in advance.
falklandinvestor
Posts: 498
Off Topic
Opinion:Strong Buy
Price:4.50
Happy 2017...POO $58+ happy days
3 Jan '17
got this from iii's bb:-

http://oilprice.com/Energy/Oil-Prices/A-Correction-In-Crude-Is-Around-The-Corner.html

Hedge funds and money managers have snapped up bets on higher oil prices at a torrid pace, wagering that crude will rise as OPEC slashes production. The net-long positions are now at their highest level in more than two and a half years, with investors repeatedly breaking new net-long highs in the waning days of December. For the week ending on December 27, investors added more bullish positions, marking the seventh consecutive week of increases, the longest streak since early 2014
Dierich
Posts: 5,218
Off Topic
Opinion:No Opinion
Price:4.50
RE: falky
2 Jan '17
Been here since 2011 can easily wait another 3 years.
Highest price paid: 31.00p
Lowest price paid: 7.50p
Weighted average price paid: 8.73p
Highest price received: 10.40p
Lowest price received: 10.40p
Weighted average price received: 10.40p

Not buying anymore till the spread narrows.
Tuggy
Posts: 385
Off Topic
Opinion:Strong Buy
Price:4.50
Falky
2 Jan '17
Yes three years to production but the 50 p will be achieved possibly in eighteen months time when Rhea prospect is drilled, having said that the share price will go up significantly on the news of a drill by Noble and the subsequent expectations of a Sea Lion lookalike. No dilution is the key to all existing and new shareholders.
Loz786
Posts: 1,478
Off Topic
Opinion:No Opinion
Price:4.50
RE: falky
1 Jan '17
3 years max?




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