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Started: winger1, 25 Sep 2023 08:29
Last post: winger1, 25 Sep 2023 08:29
And in the words of Disney,That’s all for now folks!
Started: Nick.74, 2 Aug 2023 21:27
Last post: winger1, 8 Aug 2023 08:23
Also wondering what to do ,as I have Arg shares with Halifax ,and now you can’t buy and sell do they keep hold of them for x amount a year, or do you withdraw them and bottom draw ?
Could anybody help explaining what happens now. My Barclays stock broker account shows my 8000 shares in ARG are worth £28. Can I still cash them at that or is there anything that will happen with the JHL shares. Have only just found about the nightmare as I’d put these in the drawer as you might say?
Started: BlueDefender, 30 Jun 2023 09:30
Last post: nicktheglobe, 2 Aug 2023 13:50
😭
Oh no how we going to talk about what our shares are not doing now lol GLA
This is it, the last day to buy or sell your shares before they delist.
AGM 5p.m. Falklands ( 9 p.m. UK ) - when do you think we'll get results etc ? ( UK Bank Holiday Monday 29th )
AGM- shareholders deserve more clarity
The bottom line is you can’t, maybe if they drill and had a discovery they could get bought out by a bigger player, then you would get a percentage depending on what percentage of JHI you own OR they could re-list in the future but that is way, way down the line I’m afraid. Drilling in the North Falklands basin most likely won’t happen till 2026 or later. Possibly something could come of their acreage off Guyana but they are waiting for other players to drill to ride on their coat tails. IMHO Story of Falkland’s Oil exploration all over, always waiting on someone else!
Good luck whatever you decide to do.
LTT
Buffit-sorry situation, as regards broker,he was very none committed and pushed for selling asap (surprise surprise) at todays share price and as to what I’ll get back I’m going down the lines of leaving it see what develops just wanted some feedback on how you make money on a Canadian non share investment
Hi winger1 - I'm in the same situation - don't fancy holding those JHI shares. I'm waiting for the AGM tomorrow to see if there's further clarity - otherwise probably sell. Good luck. Did your broker have anything else to say apart from SELL ?
Where do we stand if you decide not to sell (for obvious reasons) and your investment is in a Canadian company ,if they decide to drill (big if) how do you make any sort of profit, forgive my asking ,as have never been in this position before, and invested in shares to buy and sell ,sorry if it comes over as desperate,(lost all investment on paper)and my broker is screaming sell before June 6th.
Last post: covgaz, 24 May 2023 21:41
Sorry , £20+ was the claim.
So , yawn....you say had Des hit oil the sp would have gone to £20+? Well , for you info f00l , RKH did actually hit the mother load, but ONLY went to £5.57. So please tell oh wise f00l , why would Des have got to £20 whereas RKH only managed £5.57?
Yawn !!
This game is for adults and not f00l like you who did invest
Blindly and when losing money would blame it on others, grow up !
Bought Des in 30pish and the sp went to over 160p in months during those days,
If Des did hit oil the sp would have gone to £20+, they did 7 drills without
Any finding, but rkh drilled in the same acerage (Des's acerage) and every drill
Was a gusher...
Come back here in 2026 !!
I remember back in the day Garbled you were just as bullish on Desire, thought you may have taken a lesson from that , sadly not. And leading others down your sorry path, again.
The f00l who posts on this BB without any knowledge
And not a holder.
Do some reading before posting drivel; but the kitkat won't change his / her spot...Imho
Started: NigelHaemoglobin, 23 May 2023 12:42
Last post: buffit, 24 May 2023 08:59
Warwick hunt.
I did muppet sorry it changes words on me
hope you wasn't too confused and you didn't lose too much sleep
Did you mean consolation ?
And there we have it notification of proposed delist on the 6th June. conciliation they will still be there as and when they relist hopefully after first oil
I would be very cautious about investing in what will be a private entity, RBD invested a fair amount in private companies. Worth looking at their company history.
Started: Adam21, 16 May 2023 19:33
Last post: Adam21, 16 May 2023 19:33
Hi all,
Quite new to this and need help please
would the below fomula be correct ?
235.14 ml Argos / by 8 mil JHI / @ $12.86 be correct ?
Or how much would 100k Argos shares be worth ?
THANKS
Started: cyan2, 12 May 2023 16:13
Last post: Market-Dealer, 13 May 2023 21:48
Cyan,
Come back in 2026...
Regarding the oil, if Argos's cpr is not good then Rkh's cpr is the same.
What surprised most, none holder here are worried about the acerage and the future.
What a lump of f00ls....IMHO-DYOR
The kitkat cannot help themselves but to look the total f00l they are. Sad situation for the persons state of mind.
On 5th May Market-Dealer posted this entirely misleading line;
"Also, Argos's acerages has over 10b barrels of oil, Rhea is as big as SL (probably is bigger
Than SL) only few km from Sea Lion,"
Today , when challenged on his assertion that ARG has oil posted this;
"You are the f00l cos you haven't read anything"
Read this which I posted on 22nd October 2021;
"Good morning Falky
You wrote;
"Argos is better investment than Rkh, the risk is the more less the same,
But the rewards can be a lot higher....IMHO"
How can the risks possibly be the same ?
Argos has not found any oil let alone fully appraised a giant discovery as Rkh have.
Argos spell it out clearly;
www.argosresources.com/perch/resources/arg-2019-annual-report.pdf
page 11
'General exploration risk'
"......no commercial volumes of oil or gas have yet been discovered and there is no certainty that such discoveries will ever be made." "
That is ARG themselves clearly stating the TRUE position
Started: Morrymyboy, 12 May 2023 12:37
Last post: Morrymyboy, 12 May 2023 12:37
Why argue. They are de-listing. You can still sell this morning.
Started: TheCondorMan, 4 May 2023 11:42
Last post: Market-Dealer, 12 May 2023 11:24
You f00l, do some reading before posting nonsense.
Started to feel sad for you...IMHO
So Garbled, just to be straight, are you telling it’s nonsense that ARG haven’t found any oil? Or, as I am no f00l and read all the rns’s, is it a fact? I have read nothing that tells me ARG have hit any oil. So, one of us lying, who is Garbled?
You are the f00l cos you haven't read anything
But spouting nonsense.
2026 not far..
Who's the f00l? I see ARG have no oil , you said they have a bigger field than Sealion. You are a liar , they have no oil. Come clean and admit your lie.
Yawn !!
You are trying make f00l of yourself again without any assistant, carry on.
Have a look at the cpr you f88l.
FYI, JHI Have paid about 4p per share for argos.
Started: Market-Dealer, 8 May 2023 15:17
Last post: TheDogFarther, 10 May 2023 17:19
Of course , if you dont feel like waiting 3 years, take a look at UOG.
Result of latest development well due very soon
Farm out results for Jamaica ( potential 4 Billion barrels ) due by end of Q2.
Making a profit with cash in the bank.
Started: HappyInvestor100, 5 May 2023 18:42
Last post: whackford, 7 May 2023 16:47
Arg should have done a deal with RKH.
Understandably there are people keen to get out and they will tell you this is a great buy.
But it's not. Having already bought, existing holders have a tough decision to make and I wish them luck. Anyone buying in now is just ****ing away their hard-earned cash.
All IMHO DYOR
Happy
Started: TheCondorMan, 4 May 2023 14:12
Last post: HappyInvestor100, 5 May 2023 18:39
Unfortunately Exxon drilled a well (or two?) but they came up dry.
I think JHI stake in Guyana is probably worthless. That's why they are interested in FI.
All IMHO DYOR
Happy
You can work it on the % they in JHL..... it's not difficult, is it ?
Also, Don't forget the other prospects outside the Falkland.
Come back in 2026....ATB
How can it reach 50p- 200p when ARG shares no longer exist ?
TheCondorMan? Great post and thanks for sharing it.
This is the best deal Argos's BOD has done, no dilution...IMHO-DYOR
Drilling will start in the North Basin when RKH-Navitas are starting drilling in 2026.
SL can't be fully evaluated without drilling 1 or 2 more prospects, those prospects are shared
between Rkh and Argos's Acerage.
Also, Argos's acerages has over 10b barrels of oil, Rhea is as big as SL (probably is bigger
Than SL) only few km from Sea Lion,
What happened to the Doomestrs here ? They gone quiet.
Some of them were saying, bankruptcy and insolvency....lol...
50p-200p range will be easily seen on Rhea's drilling success....IMHO-DYOR
Last post: Market-Dealer, 4 May 2023 11:33
DON'T...
i wouldn't buy with this spread just too big...crazy
With the Falkland Islands oilies I've always looked at them as a % chance of actually getting some oil out the ground, with it changing here and there based on the information available, some of it the minutia that takes place in the FI (visits, changes in personnel, etc.) and also the wider stuff. They're all a bit of a long shot, I always had ARG (backed by my 80% loss in value) as having about a 1% chance of actually drilling oil. Possibly with new owners, I'd make it a 3%. A long shot certainly, but worth holding onto my worthless shares.
The reason for the spread is fundamentally nobody is buying or selling (as usual), I have £36 in my freetrade account, I wonder how much I can influence the share price?
today on ARG...PTR worth a look....why such a wide spread
Started: Thenorseman, 3 May 2023 23:37
Last post: Market-Dealer, 4 May 2023 09:55
Bought few more....
We will see who will be drilling when the rig is in the North Basin in 2026...IMHO..DYOR
Nonsense....IMHO-DYOR
As long as I can remember Argos was always the laggard amongst the Falklands oilers, run badly by lazy people sitting on their ****s all day long, waiting for someone to come along and do the heavy lufting for them. This is not the 1980s and with today technology there is many ways they could have tried to drum up interest in their licence and company if they only could be bothered.
Now they will be taken over by another laggard…..JHI.
Surely there must be another solution? Maybe somewhere down the line RKH/Navitas will buy in?
Started: HappyInvestor100, 3 May 2023 08:06
Last post: NOBONES4THEDOGS, 4 May 2023 02:54
I get the negativity here but disagree that it's game over.
Let's be honest, what is soul destroying is Arg sitting at a penny issuing endless price monitoring extensions while managing to accomplish sweet FA. Can't say I'll notice the difference much holding as a JHI associate, at least something will get drilled and if Rocky start making a fist of things we could see some genuine interest in our humble Guyanan deep-water play.
Whether we ever get to see a return I conceed is highly debatable but not over by a long shot.
In fact, if we dip below 0.5p again I shall instigate my own liquidity event and buy some more at these crazy givaway prices! ;)
NOBONES4THEDOGS
"Question for Buffit and Happy is it really your recommendation for people to sell out at circa 0.35p?"
This is a very good question and a fair challenge.
I can't recommend what investors should do because, frankly, there are no good options left at this stage.
Everyone's circumstances are different. My personal thinking would be, can I sell and realise a tax loss which I can offset against gains elsewhere. That way I still get some value from past, poor decision-making (i.e. not having sold sooner).
I would personally find it soul destroying to hold a certificate for a non-listed entity such as JHI associates, which I can't sell in the foreseeable future. Also, on a fully diluted basis, your holding will mean next nothing at circa 6% of JHI. What's to stop JHI issuing lots of stock options in future and diluting you to 1 or 2%?
I think this is really insolvency by a different name. What one does with the shareholding at this point is of little practical consequence.
All IMHO DYOR
Happy
Drivel? It's a fact , shall I dig the post out for you ?
Carry on with your drivel.....Rkh was 520p, it's 14p now.
Come back after 2026, hope you are still a life by then.
It wasn't so long ago you couldn't believe this wasn't 5p Garbs. Well, 0.55p has the 5 in it I suppose.
Started: randomfella1, 3 May 2023 23:31
Last post: randomfella1, 3 May 2023 23:31
This little Fairytale has ended. Promised so much yet lost shareholders 10s of thousands. The oil sector and AIM are a tough crowd
Started: GeorgeZibbos , 3 May 2023 11:49
Last post: GeorgeZibbos , 3 May 2023 11:49
Just dropped in here to see why the big drop. Looks like another con job. Wouldn't invest here
Started: scoredagainsteps, 3 May 2023 10:50
Last post: scoredagainsteps, 3 May 2023 10:50
its been a nightmare on bor -- rkh etc only survived because i traded it .. looks like game over
Started: whackford, 19 Apr 2023 14:47
Last post: whackford, 19 Apr 2023 14:47
Now 4 months since RNS announcing sale of FI interest. Why no update?
Started: StillaNovice, 28 Mar 2023 15:41
Last post: StillaNovice, 28 Mar 2023 15:41
Why the need for constant rns price monitoring its not changed also same price in morning sayin 23 % down but come 4 o'clock it will say it's up no change in sp ????
Started: whackford, 7 Mar 2023 09:14
Last post: BlueDefender, 17 Mar 2023 15:21
Fair enough M-D, as to RNS no idea, except one thing I have learnt in over ten year invested in the FI oilers, is that things tend to take way longer than anyone would expect! and invariable cost 10 times what anyone would think they would.
I am still scratching my head as to where Rockhopper spent the what was it now, $320 or $380 million dollars they got from Premier Oil. Does it really need to cost that much? I have my doubts.
Any way I did buy 50K shares here a few weeks ago FWIW.
TBH, I am guessing (have no idea at all) but.
WHY NO RNS ?
Have added few more this week just in case.
ALL IMHO-DYOR
Hey M-D are you thinking that the deal may not go through with JHI? gut feel? or something more substantial.
Unless they been poked the neighbours...wait & see
Now over 3 months. RNS released re. sale of FI interests dated 15 December.
Last post: whackford, 16 Jan 2023 16:20
Yes buffit I did. Sincere apologies for my error. I should have said,
If the proposed deal goes through ARG shareholders will get:
1.63% of Canje block
9.3% of their current NFB interest
Consideration shares that they cannot sell in a small Canadian private company.
Surely there must be a better option!
Did you mean ARG shareholders ?
Did you mean ARG shareholders ?
If the proposed deal goes through RKH shareholders will get:
1.63% of Canje block
9.3% of their current NFB interest
Consideration shares that they cannot sell in a small Canadian private company.
Surely there must be a better option!
Stupidly cheap considering we've been granted a two year license extension.
Happy to pick up some more deal or no deal!
Started: Market-Dealer, 21 Dec 2022 11:54
Last post: Market-Dealer, 22 Dec 2022 16:26
Blimey !!
Was hoping for 0.5p-0.75p, it's now 1.5p....never mind.
Happy, Good Morning,
Hope no one will make a move till the sp hit 0.5p-0.75p range.
Will double up my holding in Argos. tbh, I am very Happy with JHIs deal.
ALL IMHO-DYOR
I think Navitas, RKH or both together will make a move. I believe there will be other potential interested parties like Capricorn, Harbour (cheap option for a return to FI) and even the likes of Enquest / Serica that may want options to diversify beyond NS.
This is not the final chapter of the Argos story...
All IMHO DYOR
Happy
Fingers Crossed...IMHO-DYOR