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Argos Resources Share Chat (ARG)



Share Price: 6.75Bid: 6.00Ask: 7.00Change: 0.00 (0.00%)No Movement on Argos Resources
Spread: 1.00Spread as %: 16.67%Open: 6.00High: 6.75Low: 6.00Yesterday’s Close: 6.75


Share Discussion for Argos Resources (ARG)


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KUMS
Posts: 10,037
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:13.25
View Thread (2)
Argos
3 Sep '14
I don't think it will be long for this one to creep up to around 19p.

I am in early just like I got in FOGL at 26.

GLA
 
KUMS
Posts: 10,037
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:13.25
Mums gone to ARGOS!
2 Sep '14
As FOGL picking up, this is about to start.

Falklands is alive.
winger
Posts: 31
Observation
Opinion:Strong Buy
Price:13.00
Volume
1 Sep '14
Nice volume here today, feeling something is brewing , roll on the farm out conclusion , let's get that slot sorted ,onwards and upwards, looking forward to a positive, 2015
shareguru
Posts: 1,393
Research
Opinion:Strong Buy
Price:13.00
bought in
1 Sep '14
A second purchase today, a share I have followed before, now is the time to get in, used some of my roxi profits to
buy 15k, it cant be long now for farm in, favourate premier/rockhopper, who have acreage next door, argos area
hugh 100% owned by them, I can see a farm out of 60% with carried well and back costs for work done
previously, should give sp a lift to 30p, and then well we all no falkland shares of the past, they may even split
acreage , watch this space.
AntsPants
Posts: 214
Off Topic
Opinion:No Opinion
Price:13.13
b......b.....b......
1 Sep '14
BOOM!!
buzzlightyear4
Posts: 5,987
Off Topic
Opinion:No Opinion
Price:12.38
On the move
1 Sep '14
Back up to 18p
wraith
Posts: 3,916
Observation
Opinion:No Opinion
Price:12.00
ARG
29 Aug '14
Reading the Chairman's Statement from RNS :

Chairman's Statement
"Prospect identification and detailed mapping within licence PL001 was effectively completed in 2013, resulting in the identification of 52 prospects with a Best Estimate of unrisked recoverable prospective resources on the Argos acreage of 3,083 mmbo, with a High Estimate of 10,412 mmbo. The Company's focus since then has been to attract partners into the licence to help fund the next stage of exploration drilling.

A number of companies have expressed interest in our licence and we have been particularly encouraged by those companies' views on the sub-surface interpretation and prospect ranking, which align closely with our own interpretation.

I said in my Statement in the 2013 Annual Report that the farmout effort has been an extended process affected, in part, by uncertainties over the timing of rig availability and drilling. Since then, it was announced in June 2014 that the deep-water rig, the Erik Raude, has been contracted by Noble Energy and Premier Oil to commence drilling in the Falklands in early 2015. The drilling contract is for six firm wells and numerous additional optional wells which can be exercised in the future. Four of the six firm wells will be drilled on acreage adjacent to our licence; one will be an additional appraisal well on Sea Lion, immediately to the east of PL001, which will also be deepened to test the Chatham prospect; three further exploration wells will test new prospects immediately to the south of our licence. We believe this drilling programme will further de-risk the prospectivity of licence PL001.

I am hopeful that this recent clarity on a drilling timetable for the basin will now allow us to conclude a farmout under satisfactory terms, and negotiations with potential partners are currently under way. While we are unable to commit to participate in the rig contract until funding for drilling is secured, we are confident that, once this is achieved, we will be able to join in this forthcoming drilling campaign."
-------------------------------------------------------------------------------------------------------------------------------------------------

Now the uncertainties over the timing of rig availability and drilling, have been removed, myself happy to hold awaiting news of Farm Out.

BW
luckyman2
Posts: 132
Observation
Opinion:Hold
Price:12.00
rns
29 Aug '14
Same old story
Still waiting on farm out partner
KUMS
Posts: 10,037
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:11.63
Mums gone to ARGOS!
22 Aug '14
Bought few more.
wraith
Posts: 3,916
Observation
Opinion:No Opinion
Price:11.25
View Thread (2)
RE: 52 Week Low 9.00 (16/04/2014)
21 Aug '14
Yep, had been on side lines watching ARG, for a very long time,..... happy to be buying back in, at this time, (& these sp levels).

BW





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