Member Info for Tuggy

I think think the reason for Gus 3000 has come on spouting rubbish is my fault because I commented on Borders and Southern BB that in my opinion they have little chance of finding a partner to fund Darwin, until the NFB was sorted out. He his the lead ramper for the share , and feels aggrieved of my theory,however that does not warrant a rant about two completely fabricated opinions about PMO and Noble which are both incorrect and ridiculous , that answering any of his remarks are pointless .however POO nearly 70 , exciting.!!!

Have made a few inquires as to the IOM contact. There is no interest at present remotely interested in Borders I am afraid. As I have said there is no infrastructure in place to sanction exploration back,in the SFB, hence why Noble refused the second drill and bought in an acreage in the NFB. It will happen , but after Sealion.soory to be a killjoy. Of course I could be wrong but do your on research .

Noble play their cards close to their chests and have been waiting for POO to stabilise above 55 before even contemplating any commitment to the Falklands so I agree very little has been mentioned of late that would give the impression of any immediate action , another three months of POO above 55 before they act , however if Sea Lion was a sanctioned Q1 or Q2 then that might store them into action

Everyone forget s the Yanks namely Noble who have the Argos acreage next door to Sea Lion. Now POO is stablishing mid 60 s they will be looking to start drilling Rhea, sharing a rig and infrastructure costs might help getting the show on the road.

The original yearly income was �800000, but was reduced after the force Majiere three weeks before the drilling of Rhea and the Argos BOD volunteered a half reduction in view of the turmoil that ensued with impending court case against the owners of the Erik Raude , which they won damages last year. As you say this share will graduate in value on prevailing news on Sea Lion or Noble action , Govt involvement , Argentina strategy or any other news that might spike the share price and without burning cash. Win win !

Splendid, might be tempted to buy some Borders myself, only hope your contact is right, would be great news for everyone .best of luck .

I thought Darwin needed further drills the fully appraise the find before extraction could take place, however it is great that the figures stack up , do you know how the company is progressing with finding a partner , that is the critical point. However it would be great if all Falkland companies start to benefit from years of investment from the likes of us, and really wish you all the best.

I agree, with the reason for the wild swings in share price, there is a hard core of investors who have been here since 2010 and it this long term for a new investor this a share which has suffered from the global oil crash as much as anybody , but as soon as Noble feel comfortable with POO they will drill a licence they own 100 per cent , and probably bring in another US partner to help fund as that is the way with such companies these days. One thing is for sure there is a time limit on the agreement , and they are not throwing �400,000 down the drain every year for nothing. They will be looking closely with the Sea Lion sanctioning and might be the catalyst for them to act. The Argos board are a very savvy lot and have been very patient to reach this point since 1995, another couple of years is nothing to them . Their deal with Noble was very savvy , plus the fact the Govt are now acknowledging the fact the Falklands oil will be a huge benefit after Brexit. Nothing is easy and this could all go horribly wrong but in view of the years of endeavour by series of companies and FIG , enviremont issues addressed etc, I think this will happen sooner rather than never.

I got out of RKH in 2010, been Argos since float . The beauty of of the Argos deal is that we have no funding issues , no depreciation, just carrot of 5 per cent of the royalties once production has started. Before that you have all the added value when drilling is sanctioned by Noble and then the onward chain of events. Note Noble did not wish to continue a second well and at the same time did the deal with Argos and their acreage near SeaLion .Borders day will come but I think after NF has been started.

I can correct you gus 3000 about Noble finances, they have a very heathly M Cap of 13.5 Billion and have been relinquishing assets , but remain very secure and hopefully about to go ahead with their prospects on the Argos licence.

I agree with what you say David, hence the emergence of the Americans notably Noble might come in as a Farm out partner given their own interest in Argos Resources a short distance from Sea Lion and its own prospects. I have maintained this sceneio for the last few years .

I think the sanctioning will be this half of the year, production four years done the line. When that is announced I think the shorters might disappear earlier than you think. This share is solely reliant on this good news , their other ventures are just a distraction and should have never been attempted , a lot of wasted time and money down the drain.

The govt are funding �800 m and contractors a further �400 m through deferred payments also FIG are deferring tax for a agreed period of time to kick start the project

Last few days trading up 35 per cent , maybe FI is about to kickoff .

Market makers are suddenly looking at this as cheap

Another increase this morning, all boding well

Four million shares traded in RKH in the last half hour trading !!!!!

I think I might be proofed right on today's performance

PMO now 84.67 up 6.77 per cent this morning

POO now 68 , PMO shares on the march at last, a lot of clandestine meetings going on within Govt offices re FI exploration. Houston will be a hive a activity shortly I believe.