Member Info for mikemike

The last Q & A 23/07/18

Read the section BEX J/V

Paul did not take anything with him.

secret why is not possible for LNG exports to the UK, assuming there is gas? or indeed export LNG to anywhere else that may need it.

Dazzle

i do not want to burst your bubble of enthusiasm. However the more recent updates on IW2 suggests less OIP but better pore pressure, so there is an over all net reduction of potential Recoverable Shale oil. Yet shale oil should flow better once the code is cracked.. This has been more than replaced by Conventional leads and two outright ''Discoveries'' I am looking forward to a successful FO that will release funds to assist in WINX, if needed, and Yukon plus more 3D for IW conventional.

Its all good

Tuggy

Why would a Big Hitter need Argos or Rock hopper ?

The leases are on a ''use it or lose it'' basis and that deadline is rapidly approaching. I would think a big hitter may wish to take out the whole basin, without having to pay off any soon to be expired lease holders.

Why would the FIG not want to award a ''drill ready'' big player the leases? Saves messing around with small players struggling to find a reliable partner.

I think the future of Argos maybe in fishing and as a landlord to oilers.

Please note I would dearly love to see Argos as a player in the FI industry. Yet, I am struggling to see how they can do that in a competitive environment, they just do not have the muscle, along with RKH and any other hopefuls in either basin.

Bigger picture suggests that the success of Shale oil, love it or hate it, is going to significantly reduce off shore deep oil. The demands to ensure cost reduction for offshore is going to see a very aggressive sole proprietorship aimed at very well defined targets. This is big oiler territory.

Argos and RKH have done what the big oilers wanted, that is derisked the North basin, they know where to target and need no further help to drill.

Just my thoughts

Coming back to Argos until they start to engage their employers by answering simple questions about how much is in the bank please. Unti the BOD start to wake up to the the reality that all stakeholders are entitled to know what is in the bank!!. I now see Argos as a red flag stock.

Jd

A lot to look forward to in Q1

1/ Next stage MCPP tender process
2/ ML
3/ SML
4/ Post MED due Diligence
5/ PPA for BIPP off take
6/ Possible progression of Phase 1 into Phase 2 for MCPP

As this is an exploration well; will it be wire logged and flow tested, if so, how long does this take?

CF i burgled the GE presentation from the NCCL BB

Why would there be a suspension on a successful drill? The drill has been announced and the target play has been announced. So why would there be a suspension?

RNS would state ''we are pleased'' or ''The drill encountered carbon traces not thought to be commercial''

No need for suspension either way.

Those who are dancing on the grave of GE in Africa may think its time to Jig off.

http://sponsorcontent.cnn.com/interactive/GE/GEPower/100-Points-of-Power/

Tuggy

Despite what you say. A BOD who ignore questions re fundamentals of the business such as...how much is in the bank? is not old fashioned, it is highly evasive and that starts red flags.

You may nt wish to answer and I understand that. You were asked how you knew that a final payment had been made by Noble when they announced they would not continue with ARGOS.

Can you advise how much was paid and when?

Amnesic ty for sharing, again

Spud may get announced next week, not sure there is anything else coming over the horizon, unless it is out of Sarawak

Why next week?

January is looking at being a very responsive month for the SP

Now that is what an xmas prezzi looks like

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/UPL/13914207.html

https://247wallst.com/energy-economy/2018/12/21/us-oil-rig-count-jumps-by-10-this-week-crude-price-holds-gains/

Jeffry

Sepco have delayed funding for the SDA which is for projects other than the MCPP

Yes, funding was always going to be needed, who funds remains the question. As well as at what price, nothing new here.

Sandersons do what Sandersons do whatever they do, wherever the investment is, rinse repeat.

Special plea to all, please type quietly

Port to the left, Brandy to the right and on the rocks. Time for the wreckage to lie down and be quizzed tomorrow on why daddy is unwell.

What ever it is you are doing have a better than perfect one, or three or more

jeffry

1/ Rumours are just that rumours. What we do know from the RNS is that there are multiple interested parties and not one name has been divulged. the rumours are started here by those who know nothing but think everything.

2/ As for RMP check their RNS re other projects, they exist, just not in Alaska