Member Info for mikemike

King 999 still awaiting my tax edification

King99 i am happy to learn, so please tell me about the taxes already declared by the Falkland island Government that we do not already know about. Looking forward to my edification

king999 and when does president satchel face leave office?, so soon its not worth a count down. Not even her cosmetic surgeon senor ''face lift no 5'' takes her seriously. Working positively with a new Argentinian administration will be good for business, so nothing to fear there. That the UK gov will walk away from additional oil reserves at this time for purely political considerations of a South American banana republic is silly. The UK will earn from this and it will more than cover the expenditure of the defense needed.

If they have acquired ALL assets then maybe it is not such a good deal at 5%. I do not think it as anything like all assets. saw a wonderful post that did the calculations that you suggest, it was posted yesterday, not many posts so will be easy to fiund

This deal is an opportunity to put a floor under the SP. Where that floor should be is probably not far away from today's price. I think a flutter may be in order based upon a 5 year view. Just hope oil is still in demand by then!!

secures the future of Argos, it covers operational costs and nothing more, so no shareholder value but ensures that Argos does not go down the tubes. This buys time, what is done with that time will determine the future of Argos. Once this first stage is bedded in a detailed road map of where Argos is going is key to understanding the future, if any. As Argos is no longer under financial pressure, securing better partnerships is possible, they have the time and if proven the resources that may be attractive.

So does that mean you have sold out waiting to buy back in at 3p?

When your cash burn is just about to drain your bank account, any farm out is a good farm out. The guys who run the company can now be sure that they at least will get value even if SH can still go whistle Dixie.

Continued steady progress, no surprises that cash burn remains high as it is still getting over start up phase. How much can the build up from GDG and GDL needing connected during 2015?

looks like LSE have been spring cleaning, hope this does not clean out the SP and its prospects

Dear me, I must have been ramping!!

Oh well you clearly do not appreciate being held to account for posts you make. I know nothing other than what is already freely available. I sure could not find anything that tells me or suggest that 50p ramping is justified. Tried the Teal leaves and clouds in my coffee, still not crystalizing into 50p. In saying that anything could happen, so my modest holding of 200thou at 6p will stay where it is for now

FI you had me hanging all week awaiting your Friday bulletin whatzzzup

Ginny, I agree. The only way is if Argos are selling out or partnering. Both are unknown so purely speculative. Anyone who knows that either of the above is happening weeks ahead of any announcement has Tea leaves that are worth an even bigger fortune. May consider a modest purchase if profits from Rocky and Fogl come in.

the Planet

should have read ' I am not trashing'

FI Good morning I have done my research and just asking why it is that your research indicates such impressive multiples> i am trashing you or your research just asking an open question. I see the potential here and am just trying to consider if this is a realistic assessment as so much about oil down here has been jam for a very distant tomorrow. Thanks for listening

I admire the optimism and enthusiasm to push 50p as a result of dyor. I am just wondering what DYOR you are using that achieves such a significant premium in such a short time, even more so with POO looking like it will sink further.. Yes, POO is a short term fall and probably during Q3/Q4 this year it may rise to 65$ average for second half of the year. That Argos have potential is not being doubted. Just the price and timescale seems overly optimistic. Unless of course you know something that DYOR is just not revealing at this time. My first post here and hope that my mildly contrarian view of the oil industry at this time is not going to get an avalanche of abuse. In my defense I am an Afren survivor, barley registering a pulse.