With the current dialogue with Argentina, investors will soon see the Falkland environment will seem very attractive compared to Fracking and war torn areas of the the Middle East. It will not be long now , plus Noble and Argos extension of the licence under way plus looking for rigs for 2017.
Conventional oil is the way forward. Shale plagued with loads of problems. Rapid depletion, getting rid of contaminated wast water, requires loads of fresh water to drill , deadly chemicals being used and blowing around through vents at drill sites, chance of contaminating ground water earthquakes and so on. FI will come of age and soon.
I belive a deal will be done with Argentina regarding sharing resources. When that happens the FI will be one of the most desirable places in the world to explore for hydrocarbons. Best to be invested here early just in case a deal is announced I hold ARGOS . BOR and RKH so I am in for the long haul and big rewards hopefully. Best of luck to you as well
luckyman2, Any deal with the argis will send the sp and the property prices in the Falklands in the orbit. I am thinking of buying a piece of land in the centre of Stanley to build a small hotel. FKL are doing the final touches to their hotel, Argos (not argos resources) has applied for 80 bedrooms hotel as well.....lol...everyone is at now..... I Will be in the Falklands this year (window shopping)...lol.. So Glad to see the volume is very low at the current prices....
I agree with most of Falkys sentiments, but we still have to secure the licence extension to make the city know Noble mean business , we know it is a long process and will take time. It is only a formality but investors will shy away until that is nailed down. Meanwhile securing a rig and making contingencies for certainly three wells is now on the agenda, although I would not be surprised to see a 25 per cent American partner come in to share the costs and ultamely the production costs. As Falky has said no rights issue for Argos just steady news of licence extension , then rig update, then drill three wells , then hopeful find , then production. Imagine the share price after all those eventualities , and no dilution for Argos shareholders is the crucial,factor. The long term investors can look forward to a very good pension.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.