Member Info for Tuggy

And who was the M D of Lasmo in 1995 only Argos current MD John Hogan who historically said he put off retirement so he could go back to the Falklands and get the oil out.

Remember ENI are twenty five per cent partners with Noble and their particular speciality is LNG. Rockhopper have acknowledged the Johnson field is a shared find and Argos own at least a third of the Johnson field Which looks about right when one looks the map. Noble will be weighing all these positives up , and acting fairly soon I reckon.

Funny the timing of the buys this morning, after PMO announcement of sanction decision end of year for Sea Lion, Noble have put aside 2.8 billion towards exploration, it is all coming together to start to become more than rumour that these shares are going to motor shortly, on any whiff of news .

Noble announced 2.8 billion capital spending on exploration in the next two years , their share price up twelve per cent in the last day trading !!!!!

Noble have a 100 per cent interest in Argos next door to Sea Lion , bought into North basin rather than a second well down in the South , only stopped drilling Rhea due to the condition of the drilling rig Erik Raude. They are just waiting on the wings at present. They will not give up a licence they control totally , they can afford to help fund drilling by bringing in another American company .

I have to agree with you on the cash burn, due to bad investments in Italy and eygpt . Its a great shame , and the directors payments outrageous but we are just shareholders, we have to hang in there and hope they get it right. Some my facts might prove incorrect but they are not intential to deceive our fellow shareholders quite the opposite .

I agree Falklandinvestor, he must have made money in Argos floating at 31 and going as high as 64 , RKH starting at 18 p and going to at least 3and half quid , he is mug if he has not made money at some stage rather than ****ging of the companies on every post. I never mentioned inside knowledge , another false accusation. I have made it my business to gain as much information so if it is good news , the shares go up. Is that the whole reason for using BBs. Lets all be thankful that we are finally starting to be in a good place.

Noble are still very interested FACT, I cannot reveal my sources no one should have to declare that , but I do not come on to this board talking untruths. We invest to make money pure and simple . I have been involved in the whole venture since 2003 and that is all I am going to say, remember the Argos board have been in the Falklands for nearly twenty five years and Moody and his gang for about fifteen . You are right if Cairn had joined RKH then we would be in production now, and have a partner totally in control of its own destiny, something which is sadly lacking in PMO at present.

I would agree that Noble interest might have evoparated in the event of low POO but now it is over the magic 55 figure sure as eggs is eggs they still have a powerful interest, I can assure you of that fact.

What everyone thinks is why we are all here surely , otherwise there is no point in the type of discussion. You might get aggreivated by other people's opinions and sound bites but that's life. But lets always keep it friendly. We are all here for the same reason , making money do not forget that. We are in a horrid new world.

I think that the sanctioning of Sea Lion might involve more companies besides PMO and RKH in the long run and Noble will be key in their plans when funding infrastructure and FPSO costs. Do you really think the Yanks are not going to get involved. They gave up their interest in the SFB to explore NFB. They will not just disappear .

I think Falklandinvestor is perfectly entitled to communicate on this BB,however some of his posts have been maybe a little loose with detail and timing , he is correct with the fact that Noble hold a considerable key to PMO sanctioning SL, as they will not give up,100 per cent of a licence without exploring it before their licence expires especially as POO is above the magic 55 figure. What will happen is another American investor coming in , which in turn might influence the sanctioning of Sea Lion. PMO need to appraise Isobel and Noble have four prospects starting with Rhea. Noble just received 560 million dollars cash and 32 shares for 7.5 per cent of their Tamar project in Israel , good news to fund a drilling campaign

Noble have just sold 7.5 per cent of their Tamar field in Isreal for 560 million dollars cash and 38.5 million shares. Amassing huge contingent of cash needed for a possible drilling campaign in Argos licence in the Falklands . Things are hotting up behind the scenes .

POO now over 70 , and hopefully settle at this figure ,which will mean we have been over 55 for nearly four months. Noble will need a further two months of a settled oil price to activate their own drilling programme later in the year and will expedite PMO and RKH to sanction Sea Lion which will in itself electrify these shares , this price is bargain basement in my opinion.

Goodbye then, your kind of political crap is not wanted here.

I have to say I have to put a definite buy notice on this now , seeing Tony Durrants and Sam Moody's comments , reinforcing my thoughts of " a lot going on behind the scenes " comment weeks ago. We should see a steady mark up on the share price and have some news from America shortly.

This is refreshing news and should slowly move all Falkland oil shares up

Reading both sets of RNS from PMO and RKH, we have been right in claiming considerable time is being spent behind the scenes trying to get all that is needed to sanction later in the year, we just have to have patience , something we are good at doing. Meanwhile Noble will be informed of their progress and will see that the crucial time spell of resurgent POO will stire them into action this half of the year, partnering the British companies or another American. The latter would be my bet !

I am fine with that, good luck .

You do not have to take my opinions so personally , I hope your female contact proves to be right , but it does not allow you to spout untruths about PMO and Noble on the Argos BB. Any investor is passionate about their shareholding s but one has to be fairly sure of their facts about Billion pound companies before you make a yourself look a complete twit.