Member Info for SecretBlueprint

There was some traffic on NEX with a wider spread than AIM ahead of the close.

It might help if the CEO put in a five day week at Castlefield House? Nigel who?

I dont think he ever goes into the office either. Invisible man unless you want a pint in Wasdale.

Took a hammering at MCR tonight. Rehearsal for AGM ?

Matthew 10:33 - But whosoever shall deny me before men, him will I also deny before my Father which is in heaven

How many times does Mark Jarvis have to say he is not talking to Minty?

How many times does Mark Jarvis have to say he cannot work with the politics of NFL?

How many times has GHS failed to deliver?

How many angels can dance on the head of a pin?

Mikemike

Nothing has changed in the Falklands infrastructure in the past five years. Sea Lion is no nearer production than it was five years ago and that is just a matter of public record.

Reserves cannot be booked without an approved development plan (Sea Lion is still a contingent reserve) and gas reserves require, in addition, a market. So there are no gas reserves in Johnson by definition.

It is twenty years ago since the Shell well which found indications of gas, and no-one has tried to verify or appraise that event. The idea that Argos might be sitting on a huge gas "reserve" is at best a wild dream.

The fact of the matter is that Argos has nothing other than a return claim on an un-drilled licence area and no means of drilling into it after Noble and Edison walked away. Rhea is not a Sea Lion "lookalike". It is basin fan fed from the north, whereas all of the PMO/RKH discoveries are fed from the east. Desire's first exploration attempt was a basin fan fed from the west, "Liz" which was never declared a discovery, even though some gas condensate was found.

The major shareholders in Argos are sufficiently wealthy from fishing and property in the South Atlantic, so it will not be a priority for their well being if Argos Resources sinks or swims. They are living on hope over expectation, surely?

Gas will not save ARG in my opinion.

A socio economic impact study by Regeneris Consulting was published by FIG in 2013. In it, the impact of an onshore LNG plant showed that several thousand construction workers would have to be accomodated over 4 years. That would double or treble the island population, which is impossible. The FIG made it a production licence obligation to place all oil and gas facilities offshore with no shore terminals.

Offshore LNG facilies are feasible if uncommon, but are hugely expensive. Johnson remains an unappraised theorerical contingent resource, so it is my view we will never see it developed when cheap shale gas from USA is being imported at Grangemouth and piped gas is coming from Europe, Norway and UKCS.

Need to remove US and EU sanctions first. Export of oil industry equipment is a no go.

Mikemike

There are no LNG facilities in the Falklands, and the govt has made it clear they dont want any. In any case, Johnson is speculation. It has not been explored or appraised, other than a whiff of gas in tne 1990s in a failed oil exploration well.

I really fail to see any connection with Brexit. We import no oil from continental Europe. Pipeline gas , yes, but gas from FI, no chance.

Tuggy, the wording of the original agreement with Noble and Edison only prescribed the elective return of the licence to Argos after drilling the obligation well. No such well was drilled. The matter is up to FIG I would imagine and since Argos do not have the resources to drill an obligation well, it is not a foregone conclusion that the licence will be returned, surely?

Hello Cobrakai. Far from it. I spent the day shopping in Fulwood with Mrs Blueprint. I perused todays Minty Mail over a tea time Cuba Libra, and thought that he was fessing up to the loss of the OSX 3 deal which old seadog had explained in great detail in the Twitter group as gospel from an insider.

Seadog is now gringo or summat like that, by the look of things. Shapeshifter IMO.

Harry knows more about the supposed Chinese facility than anyone else, IMO.

Where's Harry?

He is hard at work in the offices of MfDevco Facilities (China) Limited, but it wasn't revealed in today's report.

Is it a typo, or is the Chairman telling us something when he abbreviates the company name to MfDevco (Brazil) Limited. The word "holdings" has gone. No equity to hold in the company after the OSX 3 pulled anchor IMO.

Bah humbug...

Wait for the going concern statement on 31 Dec

Ah , yes, of course. He was always the Great Intender.

Perhaps Ying Tong might put me right here, but I don't think Enegi Oil Inc, G2, PVF and Shoal Point Energy have a pot to p155 in between them. No money, no rig and no fracking. I can understand why they might join forces going ahead to do a last gasp at Garden Hill instead.

Old Sea Dog reckoned that NFL was worth $15 million of anyone's money, but no-one came up with the money.

As Ying Tong said, it's a side show. But it looks like a coconut shy stall where the nuts are glued to the stands IMO

Probably going the way of interactive investor, and then all that is left is twiiter.